Power Management IC Market Size Is Anticipated To Reach USD 59.63 Billion By 2030
San Francisco, 25 Oct 2024: The Report Power Management IC Market Size, Share & Trends Analysis Report By Product (Linear Regulators, Switching Regulators, Battery Management ICs, Power Supply ICs), By Industry Vertical (Consumer Electronics, Automotive), By Region, And Segment Forecasts, 2024 - 2030 The global power management IC market to reach USD 59.63 billion in 2030 and is expected to grow at a CAGR of 6.8% from 2024 to 2030. Power management integrated circuits (PMICs) are essential components in electronic devices that efficiently manage and control the flow of electrical power. They play a crucial role in optimizing battery life, improving device performance, and ensuring safe operation. PMICs are used in a wide range of applications, including smartphones, laptops, tablets, wearable devices, automotive electronics, industrial equipment, and consumer appliances. The power management integrated circuit market is experiencing rapid growth due to several key trends. The