The China power management IC market is projected to exhibit a growth rate (CAGR) of 6.30% during 2024-2032. The market is growing due to increasing adoption of 5G technologies, significant expansions in consumer electronics, and a booming electric vehicle sector. These factors are driving demand for advanced PMIC solutions that enhance device functionality and energy efficiency, supporting China's technological advancement.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 6.30% |
Rising Adoption of Advanced Technologies
The rapid rollout of 5G networks in China is catalyzing significant advancements in the power management integrated circuit (PMIC) market. As 5G technologies supports higher data speeds and enhanced connectivity, the complexity and power requirements of devices leveraging this technology have increased dramatically. China concluded 2023 with 3.38 million 5G base stations and 805 million 5G mobile phone users. The country aims to commercialize 6G technology by year 2030 and has already started experiments. In June 2023, China allocated spectrum of 6 GHz frequency band for 5G and 6G services, considering its coverage and capacity advantages. The move aims to stabilize industry expectations. Power management integrated circuits are important in managing these requirements efficiently. As such, the adoption of 5G is not only a push towards faster communications but also drives innovation in developing more sophisticated power management solutions to support the sustainability of these technologies.
Growth in Consumer Electronics and Automotive Sectors
In China, the burgeoning sectors of consumer electronics and electric vehicles (EVs) are pivotal in driving the demand for Power Management Integrated Circuits (PMICs). As consumer electronics proliferate and the EV market expands rapidly due to environmental concerns and policy support, the reliance on efficient and high-capacity batteries escalates. According to a report published by IEA, in 2023, China saw an increase in electric car registrations, reaching 8.1 million, marking a 35% increase from the previous year. This growth contrasted with an 8% decline in conventional car sales. Despite the absence of national subsidies for electric vehicles, tax exemptions and non-financial support continued. China also emerged as the world's top auto exporter, shipping over 4 million cars, including 1.2 million electric vehicles, predominantly to Europe and the Asia Pacific region. PMICs play a critical role in optimizing power usage and enhancing the efficiency of these devices and vehicles. They regulate and manage the power supply across various components, ensuring that batteries operate within their optimal range and prolonging their lifespan. This is essential not only for device functionality and user satisfaction but also for sustainability in the tech and automotive industries. As these sectors continue to evolve, the sophistication and integration of PMIC technologies become increasingly crucial to meet the high-power demands and performance expectations.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product and application.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes linear regulator ICS, switching regulator ICS, voltage reference ICS, power management ASICS/ASSPS, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes communication, computing devices, consumer electronics, automotive, healthcare, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North China, East China, South Central China, Southwest China, Northwest China, and Northeast China.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million US$ |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Products Covered | Linear Regulator ICS, Switching Regulator ICS, Voltage Reference ICS, Power Management ASICS/ASSPS, Others |
Applications Covered | Communication, Computing Devices, Consumer Electronics, Automotive, Healthcare, Others |
Regions Covered | North China, East China, South Central China, Southwest China, Northwest China, Northeast China |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |