PMIC Market Share | Growth, Value & Future Trends 2025

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Code: MTA10327

Publication Date: Oct 2025

What is the size of PMIC Market?

According to 6Wresearch internal database and industry insights, the PMIC Market is estimated at USD 32.8 billion in 2024, projected to exceed USD 58.9 billion by 2031, registering a CAGR of 8.7% between 2025-2031.

This expansion is supported by surging demand for energy-efficient electronics, advancements in semiconductor fabrication, and increased integration in consumer devices. This industry accounted for an estimated market share of over 28% within the overall power management ecosystem in 2024.

Growth Factors for PMIC Industry

Rising adoption of battery-powered and portable electronic devices.
Increasing integration of PMICs in automotive and industrial systems.
Growing demand for efficient power conversion in 5G and IoT devices.
Continuous miniaturisation and multifunctional chip design advancements.
Expansion of renewable energy and electric vehicle infrastructure.

PMIC Market Trends

The PMIC Market trends signal the increasing adoption of high-efficiency, low-power management ICs rapidly in consumer electronics and electric vehicles. The market is seeing a trend of advanced single-chip integration that is supporting multiple voltage domains and enabling smart optimisation of energy. There is also a rise in demand for PMICs that support AI processors and high-performance computing systems. Manufacturers are active in investing in adaptive voltage scaling, thermal management solutions, and GaN designs to optimise system performance and system reliability.

Emerging Developments in the PMIC Market

The PMIC Market developments focus on a growth forecast of advanced product launches that support ultra-low standby power consumption, as well as higher levels of integration. Companies are developing power management chips to drive AI usage and optimise performance in edge devices and EVs. Additionally, strategic and formal relationships between semiconductor manufacturers and automotive OEMs are supporting energy efficiency innovation. Lastly, new PMIC architectures that support USB-C fast charging support dynamic load balancing across consumer as well as industrial applications.