The global Power Management Integrated Circuit for Automotive Market was valued at 228 million in 2024 and is projected to reach US$ 282 million by 2031, at a CAGR of 3.1% during the forecast period.
Power Management Integrated Circuit for Automotive Market OverviewAutomotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world”s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world”s largest car exporter, exporting more than 3.5 million vehicles in 2022.
Access Your Free Sample Report Now
Power Management Integrated Circuit for Automotive Key Market Trends :- Shift Towards Electric Vehicles (EVs)
With the growing adoption of EVs, demand for advanced power management ICs is increasing, especially in battery management and energy efficiency optimization. - Integration of Advanced Semiconductor Technologies
The market is witnessing a shift towards smaller, more efficient ICs with better heat dissipation and enhanced performance, driven by advancements in semiconductor fabrication. - Rising Adoption of ADAS and Infotainment Systems
Advanced Driver Assistance Systems (ADAS) and in-car infotainment require robust power management solutions, boosting the need for specialized PMICs in modern vehicles. - Increased Focus on Energy Efficiency
Automakers are prioritizing energy-efficient power management ICs to reduce power consumption in both fuel and electric vehicles, enhancing overall vehicle performance. - Growth of Smart Power Integration
The demand for smart PMICs with AI-driven monitoring and adaptive power control is rising to enhance vehicle efficiency and extend battery life.
Global Power Management Integrated Circuit for Automotive market, by Type, 2020-2025, 2026-2031 ($ millions) & (K Units)
Global Power Management Integrated Circuit for Automotive market segment percentages, by Type, 2024 (%)
- Voltage Regulators
- Supervisory Circuits
- Gate Driver IC
- Battery Management IC
- Voltage References
- LED Lighting Driver IC
- Others
Global Power Management Integrated Circuit for Automotive market, by Application, 2020-2025, 2026-2031 ($ Millions) & (K Units)
Global Power Management Integrated Circuit for Automotive market segment percentages, by Application, 2024 (%)
- Fuel Vehicles
- Electric Vehicles
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Power Management Integrated Circuit for Automotive revenues in global market, 2020-2025 (estimated), ($ millions)
- Key companies Power Management Integrated Circuit for Automotive revenues share in global market, 2024 (%)
- Key companies Power Management Integrated Circuit for Automotive sales in global market, 2020-2025 (estimated), (K Units)
- Key companies Power Management Integrated Circuit for Automotive sales share in global market, 2024 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Texas Instruments
- Analog Devices
- STMicroelectronics
- ON Semi
- Infineon
- NXP
- Toshiba
- Maxim Integrated
- Dialog Semiconductor
- Renesas
- Skyworks
- Microchip
- ROHM
- Cypress Semiconductor
- Power Integrations
- Silergy
- On-Bright Electronics
- Alpha and Omega Semiconductor
Unlock Your Free Sample Report Here
Q: What are the key driving factors and opportunities in the Power Management Integrated Circuit for Automotive market?
A: The key drivers include rising EV adoption, increasing automotive electronics integration, and advancements in power management technology. Opportunities exist in emerging markets, next-gen power solutions, and collaborations between automakers and IC manufacturers.
Q: Which region is projected to have the largest market share?
A: Asia-Pacific is expected to dominate the market due to the high concentration of automobile production in China, Japan, South Korea, and India.
Q: Who are the top players in the global Power Management Integrated Circuit for Automotive market?
A: Leading companies include Texas Instruments, Infineon Technologies, Analog Devices, NXP Semiconductors, and STMicroelectronics.
Q: What are the latest technological advancements in the industry?
A: The industry is seeing advancements in GaN and SiC power semiconductors, AI-powered PMICs, and improved heat dissipation technologies for higher efficiency.
Q: What is the current size of the global Power Management Integrated Circuit for Automotive market?
A: The market was valued at $228 million in 2024 and is projected to reach $282 million by 2031, growing at a CAGR of 3.1%.