Power Management Integrated Circuits: Poised for Rapid Growth
The global market for power management integrated circuits (PMICs) is on a remarkable growth trajectory, expected to reach an estimated $54.69 billion by 2032 from a current value of $25.18 billion. This growth, reflecting a compound annual growth rate (CAGR) of 9.0% from 2024 to 2032, is largely driven by the increasing demand in consumer electronics like smartphones and wearables, coupled with the expansion of 5G technology.