Market key trends:
One of the key trends driving the growth of the Power Management ICs market is the increasing demand for advanced power management features in motion sensors. Motion sensors are increasingly being integrated across various consumer electronics and wearable devices. Power management ICs help in optimizing power usage to enhance battery backup of devices with motion sensing capabilities. They allow continuous monitoring without frequent recharges. This has significantly boosted adoption of motion detection technologies thereby augmenting growth of Power Management ICs market.

Key Takeaways
The Global Power Management Ics Market Size is expected to witness high growth, exhibiting a CAGR of 5.7% over the forecast period, due to increasing demand for improved functionality and advancement in electronic devices.

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