Automotive Power Management IC Market Size - By Product, By Vehicle, By Application, Growth Forecast, 2025 - 2034

Automotive Power Management IC Market Size

The global automotive power management IC market size was estimated at USD 6.7 billion in 2024. The market is expected to grow from USD 7.7 billion in 2025 to USD 25.3 billion in 2034, at a CAGR of 14.2% according to latest report published by Global Market Insights Inc.

The automotive sector is witnessing a rapid integration of electronic systems equipped with traffic management systems, entertainment, and forms of vehicle-to-vehicle communication. Reports indicate that 90% or more of new vehicles sold in developed markets will integrate multiple power management integrated circuits to regulate these systems.
 

Electrification is changing vehicle architectures, as electric and hybrid vehicles will require monitoring and regulating the battery and controlling power distribution at higher voltages. The US government's initiatives to support electric vehicle interests for adoption and research and innovation on battery technology are accelerating the development and integration of vehicle power management.
 

Modern vehicles rely on highly complex electronic architectures, and each subsystem will require controlled voltage and energy efficiency management. Employment surveys indicate that typical electric vehicle products will have more than 100 power management integrated circuits to manage each system, including power management for instruments, infotainment, thermal management, and battery operation functions.
 

Advances in semiconductor research concluded that new semiconductor materials such as silicon carbide (SiC) and gallium nitride (GaN) are more efficient and exhibit high-performance levels in power management applications. US and European research programs are also encouraging larger scale development of wide-bandgap semiconductor research suitable for automotive applications that also improves the reliability and thermal management in vehicle electronics systems.
 

Automotive Power Management IC Market Trends

The shift to EV is evident in US, as of 2023, the number of registered electric vehicles (EVs) now equals approximately 3.56million, representing an increase of approximately 45.6% from the 2022 total of 2.44million. The rapid increase provides an opportunity for the growing demand for advanced powermanagement ICs used both to electrify EVs.
 

The expanding presence of connectivity and safety systems is becoming increasingly prevalent in vehicle architectures. By 2028, it is estimated that 76% of US vehicles will feature rearview cameras, 65% will be equipped with rear parking sensors, 55% will include front crash prevention, 53% will have blindspot monitoring capabilities, and 52% will be outfitted with lanedeparture warning systems. This proliferation of systems drives increased complexity in power domains.
 

There are more charging infrastructure expansions underway. As of February 2024, in the United States, there existed over 61,000 publicly accessible charging stations, more than double the charging stations of approximately 29,000 that existed in 2020. Also, the increased charging infrastructure expands powermanagement not only within the vehicle but the entire charging systems.
 

The transitioning of semiconductor technology affects the design of automobiles. As shown in numerous federal datasets related to vehicle electrification, lightduty vehicles continue to have evolving architectures shifting to centralized powerdistribution architectures and multirail power ICs. This evolving architecture will continue to reinforce the importance of automotivegrade PMICs in future vehicle platforms.
 

Regulatory and emission policy perspectives will also dictate powermanagement needs within vehicles as approximately 18% of all car sales were electrified vehicles in 2023, up from 14% in 2022. This regulatory environment continues to catalyze an uptick of integrated powersolutions for both conventional and electrified vehicles.
 

Automotive Power Management IC Market Analysis

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Based on product, the automotive power management IC market is divided into battery management ICs (BMICs), voltage regulators, power switches & load switches, and integrated PMICs. Voltage regulators segment dominated the market in 2024, accounting for 33% share of total revenue.
 

• The voltage regulators segment occupies the largest market share, as voltage regulators are critical components stabilizing the amount of power delivered to a microcontroller, a sensor, or an infotainment system. The increasing adoption of advanced electronics in vehicles ensures continued requirements for highly efficient voltage regulators that could have low dropout and possibly multiple phases.
   
• Battery management integrated circuits (BMICs) emerge as integrable components, as electric and hybrid vehicles need to monitor charge levels precisely, balance charge levels to each cell, and maintain thermal conditions. The growing adoption of lithium-ion and solid-state batteries in applications for future vehicles supports the integration of battery management ICs into systems for very high voltage and auxiliary battery applications.
   
• Power switches and load switches play a critical role in distributing controlled current to various subsystems, mitigating power loss, and providing fault protection. That said, automotive OEMs have made solid-state designs a priority in enhancing system safety, power isolation, and energy-efficiency in the evolvement of E/E architectures.
   
• Integrated PMICs are fast becoming a default solution for compact and connected vehicle designs due to their ability to integrate multiple power functions onto a single chip, which is especially useful in advanced driver-assistance and infotainment modules. Integrating multiple power functions into one chip reduces board space, lowers heat dissipation, and solves design complexities as the requirements of E/E architectures are being modified.
   

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Based on vehicle, the automotive power management IC market is segmented into passenger cars and commercial vehicles. The passenger cars segment dominated the market in 2024 and is expected to grow at a CAGR of 13.7% from 2025 to 2034.
 

• Passenger cars are the main source of demand for automotive power management ICs, as electrification, infotainment, and ADAS (Advanced Driver Assistance Systems) continue to increase. The growing complexity of vehicle electronics demands that these electronics be efficiently powered, converted to multiple voltage levels of stability, and load managed for optimal performance, comfort, and safety.
   
• The growth of electric, hybrid, and soon hydrogen fueled passenger vehicles will combine to enhance the rate of adoption of intelligent power management solutions. The growth of intelligent PMICs (Power Management Integrated Circuit) and charging controllers will offer energy efficient ways to drive high voltage battery systems to electric motors and auxiliary load to maximize driving range.
   
• In commercial vehicles, power management integrated circuits adoption is accelerating as fleets convert more fleets to electrified and connected platforms. In heavy-duty trucking, buses and package delivery, implementing PMICs will support the demand of robotically designed, thermally stable PMICs (Power management Integrated Circuits) that address circuits capable of managing high current loads and continuous heating of the environment.
   
• In addition, advanced fleet management and telematics integration demand PMICs in commercial vehicles. Power management solutions develop will yield PMICs that enale constant monitoring, predictive maintenance, and communication networks to expand and aide process efficiency in reducing downtime in logistics and transportation markets.
   

Based on application, the automotive power management IC market is segmented into ADAS (advanced driver assistance systems), infotainment systems, body electronics, powertrain systems and safety & security systems, and others. The powertrain systems segment dominated the market, accounting for share of 31% in 2024.
 

• In ADAS applications, power management integrated circuits (PMICs) facilitate consistent supply of voltages to the diverse radar, LiDAR and camera modules. The increase in autonomous and semi-autonomous vehicles has driven the need for low noise, high precision PMICs to ensure that sensor accuracy and data processing occurs in real-time and reliability.
   
• Power management ICs are integral to the infotainment systems, which manage multi-media, navigation, and connectivity features. With growing integration of additional digital cockpit designs, 5G modules and OLED displays, there is an increasing demand for efficient PMIC designs that can manage adequate thermal dissipation alongside low standby power.
   
• In body electronics applications (lighting, climate control and comfort), PMICs are important components in managing the distributed power network. The increasing implementation of smart interiors and zonal architectures is pushing for the development of flexible DC-DC designs, allowing for adaptive power distribution.
   
• In powertrain systems, PMICs are necessary for efficient management of electric drive unit, transmission modules and engine management systems. The evolution of the hybrid and electric vehicle market requires growing reliance on high-voltage PMICs that have been designed and tested for efficient energy conversion or thermal stability in highly demanding conditions.
   
• PMICs also provide reliable performance in safety and security systems. Such developments have also enabled a PMIC to ensure reliable performance for all airbag safety devices, braking modules and access systems for the vehicles. Implementation of a PMIC allows itself to enable features such as redundancy or fail-safe configurations in the PMIC architecture.
   
  
  

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  • Sales of hybrid electric vehicles (HEVs) in the US jumped 53% in 2023 compared to the previous year, to nearly 1.2 million. This business is evidence of increasing adoption of electrified powertrain subsystems that use sophisticated power-management ICs.
     
  • Sales of hybrid electric, plug-in hybrid electric, as well as battery electric light-duty vehicles (LDVs), in 2023 accounted for 16.3% of all new light-duty vehicle sales in the US These evolving powertrain architectures are increasing demand for automotive-grade power management integrated circuits (ICs), which manage multiple voltage rails and battery systems.
     
  • By the end of 2023, registered battery electric vehicles (BEVs) and plug-in hybrids in some US states reached as high as 1.8% of all light-duty vehicles. These increasing vehicles reflect the burgeoning number of base-units driving usage of onboard power ICs for battery, charging, and subsystem control.
     
  • Federal US data indicated that plug-in electric vehicles (PEVs) annual sales peaked at more than one million units in 2023. It's the first-time vehicle sales exceeded this milestone. The increasing installed base increases complexity and scale for automotive power management solutions.
     

  The automotive power management IC market in the Germany is expected to experience robust growth of CAGR 13.8% from 2025 to 2034, driven by increasing EV production, stringent emission norms, and strong adoption of energy-efficient semiconductor technologies in premium vehicles.
   

  • Germany's automotive electronics ecosystem is highly collaborative, featuring domestic OEMs and Tier1 suppliers who continue to innovate vehicle electrification and digitalization. Germany's automotive heritage preserves the type of customers who have adopted and consistently purchase powermanagement ICs, as discussed in this article, in conventional and electrified vehicles where highly efficient voltage regulation and diagnostics functionalities are playing a larger role.
     
  • The move towards emobility in Germany also brings about architecture shifts in vehicle power distribution, with the integration of 48V systems, and highvoltage battery domains. Such changes create additional complexity and opportunity for automotive qualified powermanagement IC suppliers, and especially suppliers who can offer multirail solutions that deliver a high level of reliability while under automotive conditions.
     
  • Germany places a great deal of emphasis on energy efficiency, emissions reduction and functional safety all factors that will require advanced power management capabilities. Automotive subsystems that require integrated ICs with embedded protection, thermal management and fault monitoring sub functions, such- as ADAS, infotainment and battery management, are examples of where German manufacturers are focusing their R&D effort on.
     
  • Trends regarding supply chains and semiconductor manufacturing in Germany greatly emphasize localization and collaboration, domestic semiconductor suppliers, automotive electronics suppliers and research institutes are banding together in consortia to develop automotive qualified PMICs for the German vehicle architecture. This model supports the need for high quality and longlife span components, while also helping mitigate the exposure risk to the global supply.
     

  The automotive power management IC market in China is expected to experience strong growth from 2025 to 2034, supported by rapid EV adoption, government incentives for local semiconductor manufacturing, and expansion of domestic Tier-1 suppliers integrating advanced power management ICs.
   

  • China's automotive industry is rapidly embracing more complex electronic systems, including advanced driver assistance systems (ADAS), infotainment systems, and battery management units. This move is raising the demand for power-management ICs to effectively regulate voltage, monitor a vehicle's state of battery health, and manage several power domains in a vehicle.
     
  • China's semiconductor companies have been evaluating designs of automotive-grade PMICs to minimize importing semiconductor components. Local suppliers have focused their efforts on DC/DC converters, battery monitoring ICs, and multi-rail power solutions that meet the specific needs of Chinese OEM customers, thereby reinforcing the domestic automotive electronics supply chain.
     
  • The automotive supply-chain ecosystem in China has a significant amount of integration of electronics manufacturers, vehicle OEMs, and semiconductor fabs. This allows compact, multi-functional power-management ICs to be developed that manage the vehicle's onboard chargers, lighting systems, and infotainment systems, while also meeting the reliability requirements of automotive electronics.
     
  • The technology transitions in China, including higher voltage architectures, and greater power density of systems, are driving up the requirements of automotive PMICs. Components must efficiently convert power, accurately regulate voltage, and provide robust thermal management to support next-generation vehicle electronics and reliability expectations.
     

  The automotive power management IC market in the UAE is anticipated to register consistent growth from 2025 to 2034, fueled by rising demand for luxury and electric vehicles, government smart mobility initiatives, and growing integration of high-reliability ICs in harsh operating conditions.
   

  • The UAE market is distinguished by significant high-end vehicle and sophisticated electronics content which is contributing to the increasing demand for power management ICs that regulate various voltage rails, ensure thermal robustness, and integrate diagnostic capabilities for complicated vehicle subsystems.
     
  • Intensive growth of smart-mobility initiatives and increased adoption of premium EV/HEV are fueling the demand for architecture in the UAE. More vehicles require power management ICs to include high-voltage conversion and multi-domain power control to support advanced features in vehicles such as ADAS, infotainment, and E/E (electrical/electronic) zone consolidation.
     
  • Local manufacturers of automotive-grade semiconductor components remain limited, thus leading to the UAE importing nearly all power management ICs and related modules. This reliance on imported products influences lead times, cost structures, and supplier strategies for suppliers of foreign power management IC products in the UAE automotive market.
     
  • Severe environmental conditions in the UAE such as very high ambient temperatures, dust, and variability in supply voltage safety and stability create additional demands on power management IC performance. Automotive components must meet elevated reliability and thermal requirements to meet operational expectations under severe climate and duty-cycle conditions.
     

  The Brazil automotive power management IC market is anticipated to grow at a robust pace of 15% from 2025 to 2034, driven by expanding EV infrastructure, import-driven component demand, and increasing electrification across passenger and commercial vehicle fleets.
   

  • Brazil's semiconductor industry continues to evolve, with local production only accounting for approximately 10% of local market needs. As Brazil's automotive electronics suppliers are heavily reliant on sourcing these products from international sources, power-management integrated circuits (ICs) continue to be susceptible to global supply chains and, further, exert additional cost pressure on automotive electronics manufacturers.
     
  • In Brazil, the automotive component supply chain is fragmented and underinvested. Tier-2 and Tier-3 suppliers have not yet obtained the requisite scale to localize automotive-grade power-management ICs, among other critical components. Consequently, many automotive OEMs and Tier-1s are resorting to importing standard modules, rather than developing local solutions, when scaling the production of electronics, among other components.
     
  • Economic and regulatory headwinds exist high tariffs on electronic imports, a complex tax regime, and production stoppages from time to time when the automotive segment does not have adequate supplies of semiconductors, mean that automotive electronics, especially power management ICs, will continue to experience uncertainties with respect to both costs and supply in Brazil.
     
  • At the same time, increased electronic content in vehicles driven by safety, connectivity, and electrification means that demands remain high for power-management ICs that meet efficiency needs. OEMs and suppliers in the automotive segment in Brazil are beginning to source engineering solutions that integrate multi-rail power, thermal management, and diagnostics to combat uncertainties in both cost and supply chains in the automotive electronics space.
     

  Automotive Power Management IC Market Share

  • The top 7 companies in the automotive power management IC industry are Infineon Technologies, Texas Instruments, ON Semiconductor, NXP Semiconductors, Renesas Electronics, STMicroelectronics, Analog Devices, contributing around 64% of the market in 2024.
     
  • Infineon Technologies focuses on automotive-grade semiconductors and power management ICs, emphasizing energy efficiency, reliability, and electrification. Their solutions help global automotive OEMs drive electrified EV powertrains, ADAS solutions, and zonal architectures.
     
  • Texas Instruments develops high-performance analog and embedded processing ICs designed for use in vehicle power systems. Their power management product line provides reliability and predictable efficiency as well as highly-regulated voltages and thermal solutions in advanced automotive and electric vehicle applications.
     
  • ON Semiconductor develops energy-efficient power management and sensor solutions primarily aimed at EVs, ADAS, and lighting systems. The company works with silicon carbide technologies and specializes in automotive-qualified ICs with guaranteed reliability and performance.
     
  • NXP Semiconductors delivers integrated power management and processing solutions for a wide array of vehicle networking, infotainment, and safety systems. Their automotive grade power management ICs can provide secure, efficient, and scalable architectures for connected and autonomous vehicles.
     
  • Renesas Electronics specializes in developing power management ICs and microcontrollers for electric, hybrid, and connected vehicles, with a key focus on energy-efficient system integration, functional safety, and Scalability across automotive electronic control units.
     
  • STMicroelectronics develops a wide range of automotive power solutions with a complete portfolio of PMICs, voltage regulators, and power switches. Its focus is on enabling smarter, efficient power architectures for electrified powertrains, ADAS, and infotainment systems globally.
     
  • Analog Devices develops high-performance analog, mixed-signal, and power management integrated circuits for vehicle electrification and safety systems. Its high-performance innovations are tailored for precision energy conversion, real-time sensing, and robust performance in automotive operating conditions.
     

  Automotive Power Management IC Market Companies

  Major players operating in the automotive power management IC industry are:

  • Analog Devices
  • Infineon Technologies
  • Maxim Integrated
  • Microchip Technology
  • NXP Semiconductors
  • ON Semiconductor
  • Renesas Electronics
  • ROHM Semiconductor
  • STMicroelectronics
  • Texas Instruments
     
  • The growth of the automotive power management IC market is being driven by more electronics content in vehicles such as ADAS, infotainment, lighting, and battery management systems. With more vehicles starting to adopt advanced subsystems, the demand for ICs to manage efficient voltage regulation, thermal management, and multi-rail power management has also grown to ensure improved system reliability and energy efficiency. Suppliers have consistent development in high-performance, automotive grade PMICs that can operate in harsh environmental and electrical conditions.
     
  • The global growth in electrified vehicles, domain/zone architectures, and higher voltage platforms are rapidly transforming vehicle electronic architectures. In addition to regulatory pressure for energy efficiency, safety, and emissions reduction creates an additional push for integrated and compact power management solutions.
     
  • OEMs and Tier-1 suppliers are more frequently partnering with semiconductor firms to develop customized PMICs for EVs, HEVs, and conventional vehicles for more optimized power distribution, longevity of components, and improved vehicle performance.
     

  Automotive Power Management IC Industry News

  • In January 2025, Infineon Technologies announced the expansion of its silicon carbide manufacturing capacity with a new production line in Kulim, Malaysia, increasing automotive-qualified SiC output by 50% by 2026 and securing partnerships with major Chinese EV manufacturers for next-generation power management solutions.
     
  • In December 2024, Texas Instruments introduced a new family of multi-rail integrated PMICs for ADAS domain controllers, featuring eight voltage rails, integrated sequencing, and advanced diagnostics, supporting ASIL-D requirements, with initial production in Q2 2025 and volume manufacturing in Q4 2025.
     
  • In November 2024, ON Semiconductor completed qualification of its 750V silicon carbide MOSFET family for traction inverter applications, delivering 30% lower on-resistance and optimized performance for 800V EV platforms, alongside design wins with major European and North American OEMs for 2026–2027 vehicles.
     
  • In October 2024, NXP Semiconductors and BYD announced a strategic partnership to develop integrated power management and processing solutions for BYD’s future platforms, focusing on domain controllers combining NXP processors with co-optimized PMICs, with products entering production in 2026.
     
  • In September 2024, Renesas Electronics introduced a new battery management IC family supporting up to 16 cells with integrated balancing, wireless communication capability, and ASIL-D safety certification, selected for multiple EV platforms launching between 2025 and 2026.
     
  • In August 2024, STMicroelectronics announced a EUR 5 billion investment to expand silicon carbide manufacturing capacity at its Catania, Italy facility, tripling wafer output by 2027 and securing new design wins for its SiC MOSFETs and integrated gate drivers with major automotive OEMs.
     
  • In July 2024, Analog Devices launched a precision battery management IC family featuring electrochemical impedance spectroscopy for advanced state-of-health monitoring, compliant with European Union Battery Regulation requirements, with initial production planned for Q1 2025.
     
  • In June 2024, the Semiconductor Industry Association reported that automotive semiconductor demand is projected to grow at a 12% CAGR through 2030, driven by electrification and ADAS expansion, identifying power management ICs as one of the fastest-growing categories and highlighting supply-chain resilience as a critical priority.
     
  • In May 2024, the International Energy Agency projected global EV sales to exceed 17 million units in 2024 and potentially reach 40 million units by 2030, emphasizing the essential role of power electronics and battery management systems in accelerating the global EV transition.
     
  • In April 2024, the U.S. Department of Energy announced $3.16 billion in funding for domestic battery manufacturing and recycling capacity, supporting large-scale expansion of battery production and driving increasing demand for battery management ICs and automotive power management components.
     

  The automotive power management IC market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and volume (Units) from 2021 to 2034, for the following segments:

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  Market, By Product

  • Battery Management ICs (BMICs)
  • Voltage Regulators
  • Power Switches & Load Switches
  • Integrated PMICs

  Market, By Vehicle

  • Passenger Cars
    • Compact/Economy
    • Mid-size/Family
    • Luxury/Premium
    • SUVs/Crossovers
  • Commercial Vehicles
    • Light Commercial
    • Heavy Trucks
    • Buses/Transit

  Market, By Application

  • ADAS (Advanced Driver Assistance Systems)
  • Infotainment system
  • Body electronics
  • Powertrain system
  • Safety & security system
  • Others

  The above information is provided for the following regions and countries:

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Singapore
    • Thailand
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE