Power Management IC (PMIC) Market will reach 61.33 billion by 2024 Power Management (1) | Page 3

“PMIC is an electronic power switching device used to control, and
manage power in an effective manner. It is designed to perform a single
set of tasks with superior reliability and performance. Moreover, they
offer several benefits such as high efficiency, reduced system complexity,
and minimized system maintenance. Voltage regulator contributes
almost 25% of the total PMIC market, owing to its resilience and higher
efficiency.”