The global power management IC (PMIC) market is projected to reach $44.7 billion in 2026, up 8.4% YoY, driven by surging demand from AI, automotive electrification, and data centers. As AI chip power consumption surpasses 1kW, PMICs are evolving beyond conventional voltage conversion to become the core of intelligent power management, with technology development increasingly focused on IVR/PIVR, 800VDC high-voltage direct current architectures, and digital telemetry.

The market is increasingly characterized by application segmentation and a tiered supply landscape, while semiconductor manufacturing advances toward 55/40nm BCD and sub-20nm processes. Major suppliers including MPS, TI, Renesas, and Infineon, alongside Asian players such as Silergy, JoulWatt, and uPI Semi, are accelerating the development of full-stack, system-level power platforms to support AI data centers, smart grids, and energy storage ecosystems.

Key Highlights

• Demand for PMICs in AI, automotive electrification, and data centers is driving steady growth in the market.
• As AI chip power consumption climbs, PMICs are moving beyond conventional voltage conversion to become the core of intelligent power management. Technology development is focused on IVR/PIVR, high-voltage direct current (HVDC) architectures, and digital telemetry. 
• BCD processes keep shrinking, and the supply chain is splitting into tiers. Global leaders and Asian suppliers alike are speeding up their work on full-stack, system-level power platforms.

Table of Contents

1. Current State of the Global PMIC Market
   • Figure 1: Global PMIC Market Size Forecast, 2025–2031
   • Figure 2: Global and China AI Server PMIC Market Size Forecast, 2023–2029
2. Competitive Dynamics and Capacity Strategies Among PMIC Suppliers
3. TRI’s View

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