Global Analog integrated circuit IC Market Overview 2024, Forecast To 2033
11 Sep, 2024
The analog integrated circuit (IC) market has expanded robustly, increasing from $80.38 billion in 2023 to $85.78 billion in 2024, with a compound annual growth rate (CAGR) of 6.7%. This growth is fueled by the consumer electronics boom, demand for analog ICs in audio amplifiers, noise cancellation, and their use in power electronics and surveillance systems. By 2028, the market is expected to reach $111.64 billion, growing at a CAGR of 6.9%. Key drivers include the rise of electric vehicles, adoption of smart grids, advancements in quantum computing, edge AI, and autonomous vehicles. Emerging trends include the adoption of digital twin technology, wireless communications, and advancements in cloud infrastructure and semi-autonomous vehicles.
Global Analog integrated circuit IC Market Key Driver
The growing adoption of electric vehicles (EVs) is expected to propel the growth of the analog integrated circuit (IC) market going forward. Electric vehicles (EVs) are vehicles powered by electric motors using energy stored in rechargeable batteries, offering a sustainable alternative to traditional internal combustion engine vehicles. The growing adoption of electric vehicles (EVs) is due to their environmental benefits, technological advancements, and increasing infrastructure support for charging stations. Analog ICs in electric vehicles (EVs) optimize battery usage, manage power distribution, and enhance overall energy efficiency. These ICs are also used to process signals from radar and lidar systems for features such as collision avoidance and adaptive cruise control. For instance, in July 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of that year, a 25% increase from last year. Moreover, by the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, the growing adoption of electric vehicles (EVs) is driving the growth of the analog IC market, with robust expansion anticipated through 2024 and continuing through 2028.
Get A Free Sample Of The Analog integrated circuit IC Market ReportGlobal Analog integrated circuit IC Market Segments
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
By Geography:The regions covered in the analog integrated circuit (IC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Analog integrated circuit IC Industry Players
Avnet Inc., Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor, Micrel Semiconductor Inc., Microchip Technology Inc., Skyworks Solutions Inc., Marvell Technology Inc., Diodes Incorporated, Cirrus Logic Inc., Microsemi Corporation, Integrated Device Technology Inc., Semtech Corporation, Exar Corporation, Pericom Semiconductor Corporation, Richtek Technology Corporation
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Analog integrated circuit IC Market Overview
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 2023 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.