Global Analog Integrated Circuit (IC) Market : Analog ICs have logic components which allows them to connect and communicate with the microprocessors of the electronic devices. Analog ICs are a network of small interconnected components manufactured over a single wafer of semiconducting material. Analog ICs work over continuous range of input signals compared to digital circuits which have only two levels of input and output voltages. Analog ICs are perfect solution for power management owing to which they are commonly used in electronic devices.
Increasing penetration of smartphones, featurephones, and tablets, and technological advancements in consumer electronic devices are major factors driving growth of the global analog IC market. In addition, analog IC are used in components such as DC amplifiers, multi-vibrators, oscillators etc. Increasing adoption of this components in various LED lighting applications such as data communication system, display drivers, and traffic light indicator are further fueling growth of the global analog IC market. Declining cost per function of ICs, shortened product replacement cycle, and increasing functionality coupled with increasing adoption in technologies such as virtual reality, drones, and robotics are some other factors propelling growth of the global analog IC market.
A major factor hampering growth of the global analog IC market is increasing design complexities of analog ICs. In addition, lack of innovation and lesser efficiency compared to discrete circuits are other factors hampering growth of the global analog IC market.
Rising adoption of analog IC in automated devices owing to its long-range signal processing and low power consumption characteristics. In addition, increasing penetration of Internet of Things (IoT) is further expected to boost demand of analog IC in the global market during the forecast period.
On the basis of product type, the global analog IC market is segmented into application specific IC and general-purpose IC. On the basis of application, the global analog IC market is segmented into communication, consumer electronics, automotive, industrial, medical and healthcare, aerospace, and others. On the basis of region, the global analog IC market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia pacific dominates the global analog IC market and is expected to maintain its dominance during the forecast period. This growth is attributed to presence of major electronic component manufacturers and major consumer electronic device vendors, and increasing tech-savvy consumer base. The market in North America is expected to witness significant growth and is expected to register a CAGR of XX% during the forecast period.
Top players in the global analog IC market are Analog Devices, Maxim Integrated Products, STMicroelectronics, Infineon Technologies AG, Skyworks Solutions, Qualcomm, Richtek Technology, Texas Instruments, Global Mixed-Mode Technology, and Taiwan Semiconductor.