Power Management IC (PMIC) Market will reach 61.33 billion by 2024 Power Management (1) | Page 2

The global Power Management IC (PMIC) market was valued at $40.21 billion in
2016, and is projected to reach $61.33 billion by 2023, growing at a CAGR of 6.4%
from 2017 to 2023. In 2016, the voltage regulators segment generated the highest
revenue share in the global PMIC market with highest growth rate, having a CAGR
of 6.8% during the forecast period. Among major regions, Asia-Pacific PMIC
market was the highest revenue generating market valued at 18.09 billion in 2016.