What Is The Scope Of The Global Market?
An analog integrated circuit (IC) is a type of semiconductor device that processes analog signals, which are continuous in nature and can represent a range of values. Analog integrated circuit (IC) integrates multiple analog functions onto a single semiconductor substrate and processes continuous signals, essential for tasks such as amplification, filtering, and signal conditioning.
Analog integrated circuit (IC) Global Market Report 2024 provides data on the global analog integrated circuit (ic) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The analog integrated circuit (ic) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Expected Annual Growth Rates And Market Size Estimates For The Global Analog integrated circuit (IC) Sector?
The analog IC market has experienced strong growth, rising from $80.38 billion in 2023 to $85.78 billion in 2024 at a CAGR of 6.7%. Key growth drivers include a consumer electronics boom, demand for analog ICs in audio amplifiers and noise cancellation, and applications in power electronics and surveillance. By 2028, the market is projected to reach $111.64 billion at a CAGR of 6.9%, driven by the growth of electric vehicles, smart grids, quantum computing, edge AI, and autonomous vehicles. Trends include digital twin adoption, wireless communication growth, technological advancements, improved cloud infrastructure, and semi-autonomous vehicle technologies.
Which Factors Are Boosting Growth In The Analog integrated circuit (IC) Market?
The growing adoption of electric vehicles (EVs) is expected to drive the growth of the analog integrated circuit (IC) market. EVs, powered by rechargeable batteries and electric motors, are gaining popularity due to their environmental benefits, technological advancements, and the expanding charging infrastructure. Analog ICs are critical in EVs for managing power distribution, optimizing battery usage, and enhancing energy efficiency. These ICs also process signals from radar and lidar systems for features such as collision avoidance and adaptive cruise control. According to the International Energy Agency, over 2.3 million electric cars were sold globally in the first quarter of 2023, marking a 25% year-on-year increase. The rising adoption of EVs is, therefore, driving the growth of the analog IC market.
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What Key Areas Define The Segmentation Of The Global Analog integrated circuit (IC) Market?
The analog integrated circuit (IC) market covered in this report is segmented –
1) By Type: Application Specific Integrated Circuit (IC), General Purpose Integrated Circuit (IC)
2) By Application: Amplifiers Or Comparators, Data Convertors, Voltage Regulators, Interface Integrated Circuit (IC), Other Applications
3) By End-User: Consumer Electronics, Communication, Automotive, Industrial, Other End Users
How Are Emerging Trends Reshaping The Dynamics Of The Analog integrated circuit (IC) Market?
Key companies in the analog integrated circuit (IC) market are introducing innovative ICs like the wide-body SOIC 16-pin version to address the need for high isolation and low-conduction impedance solutions. For instance, in July 2021, Suzhou NOVOSENSE Microelectronics Co. Ltd., a China-based semiconductor company, launched the NSM201X series Hall sensors. These sensors convert currents into linear voltage outputs and are ideal for applications like photovoltaic inverters, industrial inverters, and UPS systems. The wide-body SOIC 16-pin version offers high isolation and enhanced insulation capabilities, making it suitable for high-performance environments.
Which Region Has The Fastest Expansion In The Analog integrated circuit (IC) Market?
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.
