The general-purpose analog integrated circuit (IC) market has seen strong growth, increasing from $28.66 billion in 2023 to $30.41 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.1%. This growth is driven by rising demand in consumer electronics, advancements in automotive electronics, and the growth of industrial automation. The market is expected to grow further, reaching $38.78 billion by 2028 with a CAGR of 6.3%. Factors driving this growth include increased adoption of IoT devices, expansion of wireless communication infrastructure, and advancements in healthcare electronics. Key trends include greater integration with AI applications, demand for power-efficient designs, expansion in IoT connectivity, and advancements in sensor technologies.
Major Driver In The General Purpose Analog Integrated Circuit IC Market
The increasing automation in the automotive industry is likely to drive the growth of the general-purpose analog integrated circuits (ICs) market. Automotive automation involves adopting advanced technologies and robotics to enhance operational efficiency, safety, and production capabilities. This trend is driven by advancements in artificial intelligence, machine learning, and robotics, which facilitate higher precision, faster production rates, and improved vehicle quality. General-purpose analog ICs are crucial for this automation, managing sensor signals, power distribution, and controlling automated systems like autonomous driving and advanced driver assistance systems (ADAS). In July 2023, the International Federation of Robotics reported a rise in annual robot installations in the automotive industry from 84,000 units in 2020 to 119,000 in 2021. The increasing automation is thus propelling the general-purpose analog ICs market.
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General Purpose Analog Integrated Circuit IC Market Competitive Landscape
Panasonic Corporation, Broadcom Inc., Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation (ON semi), Microchip Technology Incorporated, Skyworks Solutions Inc., ROHM Co. Ltd., Vishay Intertechnology Inc., Nexperia B.V., Diodes Incorporated, Sanken Electric Co. Ltd., MaxLinear Inc., Semtech Corporation, Exar Corporation, Toshiba Electronic Devices & Storage Corporation
Key General Purpose Analog Integrated Circuit IC Market Trend
Major companies in the general-purpose analog integrated circuit (IC) market are advancing their technology by developing low-dropout (LDO) voltage regulators, which are crucial for minimizing power consumption and extending operational lifespans. The LDO voltage regulators maintain a stable output voltage with minimal voltage drop between input and output, making them ideal for portable electronics and low-power equipment. For example, in January 2023, Nisshinbo Micro Devices Inc., a Japan-based semiconductor firm, introduced the NR1600 series. This new line provides consistent output voltages with minimal dropout, featuring configurable voltage settings, adjustable soft-start times, power-good monitoring, and various trim packaging options to cater to diverse application needs.
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General Purpose Analog Integrated Circuit IC Market Segmentation
The general-purpose analog integrated circuit (IC) market covered in this report is segmented –
1) By Type: General Purpose Components, Application Specific Analog Integrated Circuits (ICs)
2) By Application: Interface, Power Management, Signal Conversion, Amplifier Or Comparator
3) By Industry Vertical: Consumer Electronics, Telecom And Communication, Automotive, Healthcare
By Geography:The regions covered in the general-purpose analog integrated circuit (IC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the general-purpose analog integrated circuit (IC) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The General Purpose Analog Integrated Circuit IC Global Market Report 2024 furnishes information about the global general purpose analog integrated circuit ic market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
