In the latest report by Future Market Insights, the lead research consultant estimates the global power management integrated circuit market value to reach US$ 31.2 billion in 2024.
The upward trajectory will continue securing growth, with projections indicating a market value of US$ 57.9 billion by 2034. This equates to a moderate CAGR of 6.4% through the forecast period.
| Attributes | Key Insights |
|---|---|
| Power Management Integrated Circuit Market Estimated Size in 2024 | US$ 31.2 billion |
| Projected Market Value in 2034 | US$ 57.9 billion |
| Value-based CAGR from 2024 to 2034 | 6.4% |
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The scope for power management integrated circuit rose at a 4.2% CAGR between 2019 and 2023. The global market is achieving heights to grow at a moderate CAGR of 6.4% over the forecast period 2024 to 2034. The market experienced significant growth during the historical period, attributed to the rapid technological advancements and innovations in semiconductor industry.
The proliferation of smartphones, tablets, wearables, and other consumer electronics had also augmented the demand for power management integrated circuits with enhanced power efficiency and integration features.
The automotive industry experienced a shift towards electric vehicles and hybrid vehicles, which created opportunities for circuit manufacturers to supply power management solutions for battery systems, electric drivetrains, and onboard electronics.
The forecast period will experience increased market penetration of power management integrated circuits, driven by widespread deployment of 5G networks.
The electrification trend in transportation, coupled with investments in smart grid technologies, will create opportunities for circuit manufacturers to supply power management solutions for electric vehicles, charging infrastructure, and smart grid deployments.
Ongoing digitalization of industries and the adoption of Industry 4.0 technologies will drive demand for circuits in factory automation, robotics, and industrial IoT applications, where efficient power management is critical for operational efficiency and productivity.
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The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Australia and China. The countries will lead the market through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 3.2% |
| Germany | 1.8% |
| China | 6.9% |
| Japan | 1.1% |
| Australia | 9.9% |
The power management integrated circuit market in the United States will expand at a CAGR of 3.2% through 2034. The country is one of the largest markets for consumer electronics, including smartphones, tablets, laptops, wearables, and smart home devices.
The growing adoption of these devices drives demand for power efficient power management integrated circuits to optimize battery life, improve performance, and support advanced features such as fast charging and wireless connectivity.
The proliferation of IoT devices and smart home technologies in the United States creates opportunities for the circuit manufacturers. The circuits enable efficient power management, sensor interfacing, and connectivity functions in IoT devices such as smart thermostats, security cameras, voice assistants, and connected appliances.
The power management integrated circuit market in Germany to expand at a CAGR of 1.8% through 2034. Germany is a global leader in renewable energy adoption, with a strong focus on wind, solar, and biomass energy sources. The circuits play a crucial role in renewable energy systems for power conversion, energy storage management, and grid integration.
The transition towards a sustainable energy infrastructure creates opportunities for circuit manufacturers to supply solutions for solar inverters, energy storage systems, and smart grid deployments. The country is renowned for its automotive industry, which includes manufacturers such as Volkswagen, BMW, Mercedes-Benz, and Audi.
The increasing adoption of electric vehicles, hybrid vehicles, and advanced driver assistance systems propels demand for the power management integrated circuits in automotive applications. The circuits are essential for managing power distribution, battery charging, and motor control in electric and hybrid vehicles, supporting the electrification and automation trends in the automotive sector.
Power management integrated circuit trends in China are taking a turn for the better. A 6.9% CAGR is forecast for the country from 2024 to 2034. China is witnessing rapid growth in the Internet of Things and connectivity market, driven by applications such as smart cities, industrial automation, healthcare, and agriculture.
The circuits enable efficient power management, sensor interfacing, and wireless connectivity in IoT devices, supporting efforts of China to build a connected ecosystem of smart devices and sensors. The Chinese government has been actively supporting the development of the semiconductor industry through investment incentives, research funding, and policy support.
Initiatives such as the "Made in China 2025" strategy and the National Integrated Circuit Industry Investment Fund promote domestic semiconductor manufacturing, design, and innovation, driving growth in the market in China.
The power management integrated circuit market in Japan is poised to expand at a CAGR of 1.1% through 2034. Japan is known for its advanced technology development, research institutions, and collaborative research and development efforts.
Collaboration between industry players, academic institutions, and government agencies fosters innovation in the circuit design, packaging, and manufacturing processes.
The focus of the country on technological innovation and research excellence contributes to the development of cutting edge power management solutions. Japan is a leader in industrial automation, robotics, and factory automation technologies.
The circuits enable efficient power management, motor control, and sensor interfacing in industrial automation applications, supporting the growth of smart factories and Industry 4.0 initiatives. The demand for power management solutions is driven by manufacturing prowess and the need for energy efficient automation solutions in Japan.
The power management integrated circuit market in Australia will expand at a CAGR of 9.9% through 2034. The adoption of electric vehicles is gaining traction in Australia, driven by factors such as environmental concerns, government incentives, and advancements in EV technology.
The circuits are essential components in EV charging infrastructure, battery management systems, and powertrain control units, supporting the growth of the electric mobility ecosystem in Australia.
Australia is investing in smart grid technologies and energy management systems to improve grid reliability, optimize energy distribution, and support demand side management initiatives.
The circuits play a crucial role in smart grid deployments for monitoring, control, and optimization of power distribution, voltage regulation, and energy storage, contributing to more efficient and resilient electricity networks.
The below table highlights how voltage regulator ICs segment is leading the market in terms of IC type, and will account for a share of 35.6% in 2024. Based on product, the low power PMIC is gaining heights and will to account for a share of 54.3% in 2024.
| Category | Shares in 2024 |
|---|---|
| Voltage Regulator ICs | 35.6% |
| Low Power PMIC | 54.3% |
By product, the low power PMIC segment will dominate the power management integrated circuit market. Wearable devices such as smartwatches, fitness trackers, and healthcare monitors rely on compact and energy efficient circuits to support their functionality while maintaining a small form factor and prolonged battery life.
There is a growing need for power efficient circuits to prolong battery life and enhance overall device performance, with the proliferation of smartphones, tablets, wearables, and other portable electronic devices.
Manufacturers are integrating advanced features such as adaptive voltage scaling, dynamic power management, and ultra low power standby modes into the circuits to meet the evolving requirements of modern electronic devices. The features enhance efficiency and extend battery life, further accelerating the demand for low power the circuits.
In terms of IC type, the voltage regulator ICs segment will dominate the power management integrated circuit market. Technological advancements in semiconductor fabrication processes have led to the development of voltage regulator ICs with improved performance, higher power density, and better thermal management capabilities.
The advancements enable the design of more efficient and reliable voltage regulators to address the evolving requirements of modern electronic systems. The increasing adoption of electronic devices across various industries, including consumer electronics, automotive, industrial automation, and telecommunications, is propelling the demand for voltage regulator ICs.
The ICs are essential for stabilizing and regulating the voltage supplied to sensitive components within these devices, ensuring reliable operation.
The power management integrated circuit market is characterized by intense competition among key players striving to maintain or enhance their market share through strategic initiatives, product innovation, and differentiation strategies.
Key Development
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 31.2 billion |
| Projected Market Valuation in 2034 | US$ 57.9 billion |
| Value-based CAGR 2024 to 2034 | 6.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ Billion |
| Key Regions Covered |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
The power management integrated circuit market is projected to reach a valuation of US$ 31.2 billion in 2024.
The power management integrated circuit industry is set to expand by a CAGR of 6.4% through 2034.
The power management integrated circuit market is forecast to reach US$ 57.9 billion by 2034.
Australia is set to be the top performing market, exhibiting a CAGR of 9.9% through 2034.
Low power PMIC segment is preferred, and will account for a share of 54.3% in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Manufacturer
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product, 2024 to 2034
5.3.1. Voltage Regulators
5.3.2. Motor Control ICs
5.3.3. Battery Management ICs
5.3.4. Multi-Channel PMIC
5.3.5. Other Products
5.4. Y-o-Y Growth Trend Analysis By Product, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-User, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-User, 2024 to 2034
6.3.1. Automotive
6.3.2. Consumer Electronics
6.3.3. Industrial
6.3.4. Communication
6.3.5. Computing
6.3.6. Other End-Users
6.4. Y-o-Y Growth Trend Analysis By End-User, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End-User, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By End-User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By End-User
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By End-User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By End-User
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Product
10.2.3. By End-User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By End-User
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Product
11.2.3. By End-User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By End-User
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Product
12.2.3. By End-User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By End-User
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Product
13.2.3. By End-User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By End-User
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Product
14.2.3. By End-User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product
14.3.3. By End-User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Product
15.1.2.2. By End-User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Product
15.2.2.2. By End-User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Product
15.3.2.2. By End-User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Product
15.4.2.2. By End-User
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Product
15.5.2.2. By End-User
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Product
15.6.2.2. By End-User
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Product
15.7.2.2. By End-User
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Product
15.8.2.2. By End-User
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Product
15.9.2.2. By End-User
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Product
15.10.2.2. By End-User
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Product
15.11.2.2. By End-User
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Product
15.12.2.2. By End-User
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Product
15.13.2.2. By End-User
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Product
15.14.2.2. By End-User
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Product
15.15.2.2. By End-User
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Product
15.16.2.2. By End-User
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Product
15.17.2.2. By End-User
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Product
15.18.2.2. By End-User
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Product
15.19.2.2. By End-User
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Product
15.20.2.2. By End-User
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Product
15.21.2.2. By End-User
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Product
15.22.2.2. By End-User
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Product
15.23.2.2. By End-User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product
16.3.3. By End-User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Texas Instruments Incorporated
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Semiconductor Components Industries LLC
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Analog Devices Inc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. ROHM Co. Ltd
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Vishay Intertechnology Inc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. NXP Semiconductors N.V.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Infineon Technologies AG
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Qualcomm Incorporated
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Renesas Electronic Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. STMicroelectronics N.V.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
Technology
November 2023
REP-GB-18296
126 pages
Technology
November 2023
REP-GB-18297
144 pages
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Power Management Integrated Circuit Market
