Power Supply in Package Chip Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

Power Supply in Package (PSiP) and Power Supply on Chip (PSoC) Market will continue to grow at a healthy pace. The current market is valued at $ 1.885 billion and is projected to reach $ 2.50 billion by 2032. The CAGR of 4.3% will be seen during the forecast period. This growth can be attributed to the growing demand for compact and efficient power solutions in various applications such as consumer electronics, the automotive industry and the industrial sector. In addition, the integration and energy efficiency of the devices is increasing, which is driving the development of PSiP and PSoC technology. The increasing adoption of electric vehicles (EVs) that require complex power management systems, along with the growing trend of miniaturization in electronic devices, will also drive the market. The integration of power management functions in single-chip solutions will further enhance performance, reduce size and cost. In addition, major companies such as TI, Analog Devices and Infineon are investing heavily in R & D, entering into strategic alliances and launching new products to meet the evolving needs of consumers and industries.

Regional Market Size

Regional Deep Dive

Power Supply in Package (PSiP) and Power Supply on Chip (PSoC) are growing strongly in all regions. The demand for compact and efficient power solutions is growing in the consumer electronics, automotive and industrial industries. In North America, the market is characterized by a technologically advanced environment with a strong focus on innovation, while in Europe the focus is on sustainability and energy efficiency. In Asia-Pacific, the market is characterized by a strong manufacturing industry and a rapidly growing electronics market. Middle East and Africa are gradually becoming promising markets, influenced by increasing investments in technology and the development of the construction industry. Latin America, although still underdeveloped, is characterized by growing demand for consumer electronics and government support for the manufacturing industry.

Europe

• The European Union's Green Deal is pushing for stricter regulations on energy consumption, prompting manufacturers to adopt PSiP and PSoC technologies that enhance energy efficiency in electronic devices.
• Companies such as Infineon Technologies and STMicroelectronics are leading the charge in developing integrated power solutions that comply with new environmental standards, thereby influencing market dynamics and encouraging sustainable practices.

Asia Pacific

• China's aggressive push towards electric vehicles and smart manufacturing is significantly boosting the demand for PSiP and PSoC technologies, with companies like Huawei and BYD investing in advanced power management systems.
• The rise of 5G technology in countries like South Korea and Japan is creating new opportunities for power supply solutions, as these technologies require efficient power management to support high-performance applications.

Latin America

• Brazil's government has introduced incentives for local electronics manufacturing, which is expected to drive the adoption of PSiP and PSoC technologies in consumer electronics.
• Emerging startups in countries like Mexico are focusing on innovative power management solutions, indicating a shift towards more localized production and development in the power supply sector.

North America

• The U.S. Department of Energy has launched initiatives to promote energy-efficient technologies, which is driving the adoption of PSiP and PSoC solutions in various sectors, including renewable energy and electric vehicles.
• Major companies like Texas Instruments and Analog Devices are investing heavily in R&D to innovate power management solutions, leading to advancements in miniaturization and efficiency that cater to the growing demand for compact devices.

Middle East And Africa

• The UAE's Vision 2021 initiative is fostering technological advancements and investments in smart city projects, which are expected to increase the demand for efficient power supply solutions.
• Local companies are beginning to collaborate with international firms to enhance their capabilities in power supply technologies, indicating a growing interest in adopting PSiP and PSoC solutions in the region.

Did You Know?

“Did you know that the integration of power supply functions directly onto chips can reduce the overall size of electronic devices by up to 50%?” — IEEE Spectrum

Segmental Market Size

Power supplies in packages and power supplies on chips are an integral part of the power management solution. They are experiencing significant growth, driven by the increasing demand for compact and efficient power solutions for a range of end-use applications such as consumer and automotive products. The demand is being fuelled by the miniaturization of electronic devices, which are becoming more and more important, and the drive towards energy-efficient and green solutions. The PSiP and PSoC technologies are now at the implementation stage, with TI and Analog Devices leading the way in terms of innovation and implementation. These technologies are mainly used in smart phones, electric vehicles and smart devices, where space and efficiency are critical. This market is being further driven by the global move towards green energy and the growing regulatory focus on energy efficiency. In addition, the development of new semiconductor materials such as GaN and SiC is driving the evolution of power supply solutions with higher performance and lower energy consumption.

Future Outlook

From 2024 to 2032, the market for power supplies in a package and power supplies on a chip will grow at a compound annual growth rate (CAGR) of 4.3%. This growth is mainly due to the growing demand for compact and energy-efficient power solutions in various applications, such as in the fields of consumer electronics, automotive and industry. As the size and energy efficiency of the individual components increase, the integration of power supply solutions directly into packages and on chips will increase, which will enhance the performance and reduce the cost and space requirements. Also the development of high-density power supply ICs and the use of advanced packaging techniques will have a positive effect on market growth. Also, the global trend towards energy-efficient solutions resulting from the Greenpeace program and the international regulations will encourage the development of new power supply solutions. And the development of the electric vehicle and the Internet of Things will create new opportunities for PSiP and PSoC applications and lead to an increased penetration of these areas. The market is constantly changing, and the players must remain flexible in order to take advantage of these trends and to meet the growing demand for integrated power solutions.