The Automotive Power Management IC (PMIC) Market is experiencing a surge in growth, driven by the increasing demand for advanced features and functionalities in modern vehicles. These tiny but powerful chips play a crucial role in managing the complex power needs of various automotive systems, from engine control units (ECUs) and infotainment systems to battery management and driver assistance features.

Global Automotive Power Management IC (PMIC) Market
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Global Automotive Power Management IC (PMIC) Market

Automotive Power Management ICs (PMICs) Market size is expected to surpass USD 9515.94 Million by 2030 and poised to grow at a compound annual growth rate (CAGR) of 9.6% from 2023 to 2030.
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Global Automotive Power Management ICs (PMICs) Market size was valued at USD 4170.2 Million in 2021 and is poised to grow from USD 4570.54 Million in 2022 to USD 9515.94 Million by 2030, at a CAGR of 9.6% during the forecast period (2023-2030).