Growing adoption in consumer electronics is expected to driving Analog IC Market growth

Analog integrated circuits (ICs) are extensively used in electronic devices to convert real-world signals like temperature, sound, and images into digital signals for processing. They are an integral component in several consumer electronic devices such as smartphones, television, wireless radios, and smart home appliances. With the continued proliferation of consumer electronic products and integration of more advanced features, the demand for analog ICs is growing significantly.

The global Analog IC Market is estimated to be valued at US$ 72.56 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing adoption of smartphones, smartwatches, smart homes, and other consumer electronic devices in recent years has boosted the demand for analog ICs. For instance, a single smartphone may incorporate over 100 analog ICs to support functions like power management, audio/video processing, touchscreen interface, GPS, and wireless connectivity. Analog ICs play a vital role in processing real-world signals from various sensors and converting them into digital format for further processing. The rising demand for more efficient and miniaturized electronic devices with greater functionality is a major factor driving growth in the analog IC market.

Segment Analysis

The analog IC market size is dominated by the consumer electronics segment, which accounts for over 30% of the market share. Growing demand for smartphones, tablets and other consumer electronics devices drives significant demand for analog ICs that are used in power management, display drivers and audio amplifiers. Components like amplifiers, data converters and sensors are ubiquitous in consumer devices, making consumer electronics the largest application segment.

Key Takeaways

The global Analog IC Market is estimated to be valued at US$ 72.56 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030.

Regional analysis

The Asia Pacific region currently dominates the analog IC market, capturing over 40% of the global market share. The presence of key foundries and suppliers in countries like China, Taiwan, South Korea and Japan has made Asia Pacific the manufacturing and design hub for analog ICs globally. Prevalence of major consumer electronics brands and growing demand for 5G and IoT devices also contributes to the rising demand. Countries like China, India and Southeast Asian nations are witnessing fastest growth supported by burgeoning consumer markets.

Key players

Major players operating in the analog IC market include Texas Instruments Incorporated, Renesas Corporation, Infineon Technologies AG, Qualcomm Technologies, Inc., NXP Semiconductors, ON Semiconductor, STMicroelectronics, Skyworks Solutions, Inc., Analog Devices, Inc., and Maxim Integrated Products Inc. Texas Instruments dominates the market with its wide portfolio of high-performance analog solutions that find applications across industries. Renesas, Infineon and Analog Devices also have strong positions backed by their focus on power management and sensor ICs.

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