PUBLISHER: The Business Research Company | PRODUCT CODE: 1556187
PUBLISHER: The Business Research Company | PRODUCT CODE: 1556187
An analog integrated circuit (IC) is a semiconductor device designed to process analog signals, which are continuous and can represent a range of values. These ICs integrate multiple analog functions onto a single semiconductor substrate, handling tasks such as amplification, filtering, and signal conditioning.
The main types of analog integrated circuits (ICs) include application-specific integrated circuits (ASICs) and general-purpose integrated circuits. ASICs are custom-designed to meet the specific needs of a particular application or customer. Applications of analog ICs encompass amplifiers, comparators, data converters, voltage regulators, and interface ICs, serving various end-users including consumer electronics, communication, automotive, industrial, and other sectors.
The analog integrated circuits (ICs) market research report is one of a series of new reports from The Business Research Company that provides analog integrated circuits (ICs) market statistics, including analog integrated circuits (ICs) industry global market size, regional shares, competitors with a analog integrated circuits (ICs) market share, detailed analog integrated circuits (ICs) market segments, market trends and opportunities, and any further data you may need to thrive in the analog integrated circuits (ICs) industry. This analog integrated circuits (ICs) market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The analog integrated circuit (IC) market size has grown strongly in recent years. It will grow from $80.38 billion in 2023 to $85.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth during the historic period can be attributed to several factors, including the boom in consumer electronics, increased demand for analog ICs in audio amplifiers and noise cancellation, and the use of analog ICs in power electronics, security, and surveillance applications.
The analog integrated circuit (IC) market size is expected to see strong growth in the next few years. It will grow to $111.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth during the forecast period can be attributed to several factors, including the rise of electric vehicles, the adoption of smart grids, advancements in quantum computing, progress in edge AI and machine learning, and the growth of autonomous vehicles. Major trends expected during this period include the adoption of digital twin technology, increasing use of wireless communications, ongoing technological advancements, improvements in cloud infrastructure, and the development of semi-autonomous vehicle technologies.
The increasing adoption of electric vehicles (EVs) is projected to boost the growth of the analog integrated circuit (IC) market. Electric vehicles, which are powered by electric motors and rechargeable batteries, present a sustainable alternative to traditional internal combustion engine vehicles. This shift is driven by the environmental benefits of EVs, advancements in technology, and growing infrastructure support for charging stations. Analog ICs play a crucial role in EVs by optimizing battery usage, managing power distribution, and improving overall energy efficiency. They also process signals from radar and lidar systems, enabling features such as collision avoidance and adaptive cruise control. For example, the International Energy Agency, a France-based autonomous intergovernmental organization, reported in July 2023 that over 2.3 million electric cars were sold in the first quarter of that year, marking a 25% increase from the previous year. By the end of 2023, sales are projected to reach 14 million, a 35% year-on-year increase, with accelerated growth expected in the latter half of the year. Thus, the rise in electric vehicle adoption is driving the analog IC market forward.
Leading companies in the analog integrated circuit (IC) market are introducing advanced products, such as the wide-body SOIC 16-pin version, to enhance performance, reliability, and meet the increasing demand for high-isolation and low-conduction impedance solutions across various applications. The wide-body SOIC 16-pin version is a hall sensor known for its high isolation and ability to convert current into a linear voltage. For instance, Suzhou NOVOSENSE Microelectronics Co. Ltd., a semiconductor company based in China, released the NSM201X series integrated circuit hall sensor in July 2021. These sensors use the Hall effect principle to convert currents up to +-65A into a linear voltage output. They are suitable for isolated current sampling applications, such as MPPT tracking in photovoltaic inverters, industrial inverters, UPS systems, and charging piles. The wide-body SOIC 16-pin version of the NSM201X series boasts high isolation with a maximum operating voltage of over 1550Vpk, an insulation capacity of 1 minute, a voltage withstand of 5000Vrms, and surge insulation withstand of over 10kV.
In September 2021, Analog Devices, Inc., a US-based semiconductor company, acquired Maxim Integrated for $20.8 billion. This acquisition aims to enhance Analog Devices' analog and mixed-signal portfolio, reinforcing its market presence in key areas such as communications, automotive, and industrial applications. Maxim Integrated, a US-based firm, specializes in designing and manufacturing analog and mixed-signal integrated circuits (ICs) for various applications.
Major companies operating in the analog integrated circuit (IC) market are Avnet Inc., Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor, Micrel Semiconductor Inc., Microchip Technology Inc., Skyworks Solutions Inc., Marvell Technology Inc., Diodes Incorporated, Cirrus Logic Inc., Microsemi Corporation, Integrated Device Technology Inc., Semtech Corporation, Exar Corporation, Pericom Semiconductor Corporation, Richtek Technology Corporation
Asia-Pacific was the largest region in the analog integrated circuit (IC) market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the analog integrated circuit (IC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the analog integrated circuit (IC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The analog integrated circuit (IC) market consists of sales of voltage regulators, power management ICs, and sensor interface circuits. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Analog integrated circuit (IC) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on analog integrated circuit (IC) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for analog integrated circuit (IC) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The analog integrated circuit (IC) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.