Automotive Grade PMIC Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 3.2 Billion by 2033 at a CAGR of 9.2% from 2026 to 2033.
The South Korea Automotive Grade PMIC (Power Management Integrated Circuit) market is experiencing significant growth due to the increasing demand for advanced automotive technologies. With the automotive industry rapidly embracing electric vehicles (EVs), autonomous driving systems, and smart technologies, the need for reliable, high-performance power management solutions has never been more critical. Automotive Grade PMICs play a pivotal role in managing power distribution across various systems in vehicles, ensuring efficiency and safety.
The primary requirement from industries for Automotive Grade PMICs is robust functionality under extreme conditions. Automotive applications require PMICs that can handle high temperatures, vibrations, and other challenging environments typical in vehicles. These components must also meet stringent safety standards like ISO 26262, ensuring that they contribute to the overall reliability of the vehicle. Furthermore, the need for low power consumption is crucial as vehicles move toward electrification, requiring power management solutions that are both efficient and compact.
One of the key drivers in the market is the increasing adoption of electric vehicles. As more automakers focus on EV production, the demand for advanced PMIC solutions that can manage the power needs of high-capacity batteries, electric drivetrains, and complex in-vehicle systems grows. In fact, some estimates suggest that by 2030, the electric vehicle market will account for over 50% of global vehicle sales, which is directly influencing the need for high-performance Automotive Grade PMICs.
Industries are also looking for more integrated solutions. Traditionally, PMICs have been used for specific tasks, such as voltage regulation. However, with the increasing complexity of automotive systems, there is a growing need for PMICs that can handle multiple tasks in a single chip. This includes handling power distribution, voltage conversion, and battery charging functions, all while ensuring compliance with automotive standards and reducing the overall cost and space needed for electronic components.
Moreover, the market is witnessing a shift towards more intelligent power management systems that can adjust power output in real-time based on the vehicle’s needs. Such systems not only improve vehicle efficiency but also extend battery life, which is essential for electric vehicles. The shift towards autonomous vehicles is also pushing the demand for more sophisticated PMICs that can handle the increased power requirements of sensors, processors, and communication systems in autonomous driving applications.
As the automotive industry in South Korea continues to evolve, the demand for Automotive Grade PMICs will only grow. Manufacturers are investing in developing next-generation PMICs with enhanced performance, lower power consumption, and higher integration to meet the specific needs of the automotive sector.
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TEXAS INSTRUMENTS
Infineon
Qualcomm
ADI
ST
NXP
Onsemi
Renesas
Yatron Electronics
TOSHIBA
Shenzhen BYD Microelectronics
CR5
Microchip
Rohm
Microchip Technology
Shanghai Belling
Beijing Silicontent
Wuxi Chipown
Shanghai BPSMI
3PEAK INCORPORATED
Shenzhen Mingwei Electronics
Fuman Microelectronics
Beijing Shengbang Microelectronics
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Automotive Grade PMIC Market
Linear Regulators
Switching Regulators
Battery Management ICs
LED Drivers
Power Management Controllers
Infotainment Systems
Advanced Driver Assistance Systems (ADAS)
Electric and Hybrid Vehicles
Body Electronics
Telematics Control Units
Single-Chip PMIC Solutions
Multi-Chip PMIC Solutions
Integrated System-on-Chip (SoC) PMICs
Multi-Voltage PMICs
High-Voltage PMICs
Voltage Regulation
Current Regulation
Power Sequencing
Load Management
Thermal Management
Analog PMICs
Digital PMICs
Mixed-Signal PMICs
High-Frequency PMICs
Low Power PMICs
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Automotive Grade PMIC Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Automotive Grade PMIC Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Automotive Grade PMIC Market, By Type
6. South Korea Automotive Grade PMIC Market, By Application
7. South Korea Automotive Grade PMIC Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Automotive Grade PMIC Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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