There are many new emerging technologies to make devices portable and wearable, smarter, smaller, with high operating power, and flexible. With the emergence of advanced electronic devices, prolonged battery operation, complemented by small form factor, a lightweight design with intuitive user interface is achieved. Growing adoption of power management technology in various industries has garnered interest in every application. This market has attracted many semiconductor and power management integrated circuit manufacturers, as the potential for this market is huge. Every segment in this market is growing. The base year of this study is 2015 with 2016 to 2022 being the forecast period.