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 powe...