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Global Analog Integrated Circuit (IC) Market-Growth, Trends, and Forecast (2018-2023)

Analog Integrated Circuit (IC) Market study evaluates the existing markets past performance along with the future statistics during the forecast period on the basis of revenue as well as volume.
Published 27 September 2018

The Analog Integrated Circuit (IC) Market is expected to register a CAGR of 5.21%, during the forecast period of 2018-2023. The market has been segmented by type (general-purpose IC and application-specific IC), end-user vertical, and geography. 

Analog ICs are used for various functions that require variable output signals, for radio-frequency and audio-frequency amplifiers. The rising proliferation of smartphones, tablets, and feature phones and technological advancements in consumer electronic devices are driving the growth of the analog IC market. The increasing adoption of IoT in various industries is also expected to propel the market’s growth, owing to the evident benefits of analog ICs, across a considerable range of real-time connected devices and applications. Additionally, the launch of supportive government initiatives for the development of infrastructure for electric and autonomous vehicles, is further contributing to the growth of the analog IC market. However, issues related to design complexity and short product life cycle of analog integrated circuit (IC) are estimated to challenge the growth of the market studied, during the forecast period.

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The Automotive Segment Expected to Fuel the Growth

The automotive segment of the market studied is expected to record rapid growth over the forecast period, due to the increasing demand for autonomous and electric vehicles. According to the World Intellectual Property Organization, about 5,839 patents related to autonomous driving were filed, worldwide. Bosch accounts for a significant share in patent filings related to autonomous driving, at about 958 patents during 2010-2017. Various automotive giants, such as Toyota, Ford, Volkswagen, BMW, and Renault, are encouraging the use of analog ICs, to introduce better automation in their electronic circuitry. Technological advancements in automotive electronics and the significant rise in the integration of these technologies in mid-range and low-end cars in the region, is also augmenting the demand for analog ICs.

Asia-Pacific Expected to Account for a Substantial Market Share

Asia-Pacific is expected to record a substantial growth over the forecast period, due to the rising adoption of consumer electronics, by tech-savvy customers. The presence of prominent semiconductor companies (such as Infineon and Renesas) in the region is also driving the growth of analog integrated circuits. The increasing demand for smartphones is anticipated to further boost the market’s growth prospects, in the region. According to Ericsson, the estimated number of smartphone subscription is maximum in Asia-Pacific excluding China and India) with USD 1575 million in Q12018. As Asia-Pacific is the largest market for semiconductor intellectual property, millions of electronic devices are manufactured every year, for consumption and export to other countries, thereby driving the growth of the regional analog IC market.

Key Developments in the Market

Jun 2018: Texas Instruments launched TLV320ADC3100, a stereo audio ADC which incorporates programmable sample rates, programmable gain amplifiers (PGA), integrated automatic gain control (AGC) mechanisms, digital filters, and a phase-locked loop (PLL). This can be used for several applications, such as smart speakers, voice-enabled assistants, and noise-cancellation systems.

Jun 2018: Analog Devices Inc. launched a new sensor interface IC that enables the development of next-generation intelligent electrochemical sensors. The new sensor interface IC is an ideal solution for various applications, such as industrial gas sensing, instrumentation, vital signs monitoring, and disease management.

Major Players: QUALCOMM INC., INTEL CORPORATION, NXP SEMICONDUCTORS NV, TEXAS INSTRUMENTS INC., STMICROELECTRONICS NV, MICROCHIP TECHNOLOGY INC., MICROCHIP TECHNOLOGY INC., INTEL CORPORATION, MAXIM INTEGRATED PRODUCTS INC., and ANALOG DEVICES, INC., among others.

Reasons to Purchase this Report

Understanding the impact of adoption of analog integrated circuit, on the market studied
An analysis of various perspectives of the market studied, with the help of Porter’s five forces analysis
The segments that are expected to dominate the market studied
The regional analysis of the market studied, during the forecast period
The latest developments, market shares, and strategies employed by the major market players and key innovators
3 months analyst support along with the Market Estimate sheet (in Excel)

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