Analog IC Market
Global Market Study on Analog ICs: High Growth Anticipated in Consumer Electronics, Wireless Communication, and Automotive Applications
Analog IC Market Segmented By Application Specific IC, General Purpose IC Product for Communication, Consumer Electronics, Automotive, Industrial, Medical and Healthcare
The recently revised study by analysts at Persistence Market Research on the global analog IC market has estimated the industry to progress at a robust CAGR of 8.5% over the next ten years. The intelligence study also estimates the market to be worth around US$ 63 Bn in 2021, and predicts it to rise 1.4X by the end of the decade.
North America is expected to account for 1/3 of the global market share by 2031.
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- Qualcomm Technologies, Inc.
- Analog Devices, Inc.
- Infineon Technologies AG
- NXP Semiconductors
- Maxim Integrated
- Skyworks Solutions, Inc.
- ON Semiconductor
- Linear Technology
Key Points Covered in Analog IC Industry Survey:
- Market estimates and forecast 2021-2031
- Key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- COVID-19 impact on analog IC sales and how to navigate
- Recommendation on key winning strategies
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AI, IoT, Automation to Boost Market Potential
Increasing use of technology and digitization of almost all aspects of life is majorly changing the semiconductor and chip industry. The world has been facing a major shortage of chips and semiconductors in recent times as production and supply chains were deeply impacted by the onset of the COVID-19 pandemic in 2020.
The automotive industry is seeing some major reforms in terms of automation, and implementation of IoT and has seen a major increase in demand for IC and semiconductor products. Demand has not been fulfilled and is expected to be catered to as production and supply chains get back on track in late 2021.
As demand has increased, innovations and new chip launches have also seen a substantial rise in recent times.
- Mythic, a startup building analog AI chips, recently raised US$ 70 Mn and launched a new smaller chip based on the previous architecture. These chips are based on compute-in-memory technology using arrays of flash transistors. The company is expected to invest the money raised in accelerating plans for the volume production of its chips.
- ROHM Semiconductor, a leading name in the semiconductor industry, on June 17, 2021, introduced the industry’s first AC/DC Converter ICs, which come with a built-in 1700V SiC MOSFET (BM2SC12xFP2-LBZ) in the TO263-7L package. These ICs are optimized for industrial applications that utilize auxiliary power supplies such as general-purpose inverters, AC servo drives, etc.
- With ROHM and Mythic launching new ICs, other key market players are also expected to follow the trend and capitalize on the AI and IoT trends that are fueling the analog IC industry all over the globe.
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Automotive Application Segment to Register Robust CAGR
Automotive application segment is expected to register relatively higher growth rates during the forecast period, due to developments in the field of automotive safety and driver information systems. In terms of revenue, the automotive application segment is estimated to register a healthy CAGR during the forecast period.
Several advanced automotive technologies that go beyond touchscreens controller, satellite radio, and voice-activated GPS commands are being continuously tested and improved, and are expected to be adopted in new car models, resulting in solid growth for the global analog IC market during the forecast period.
Additionally, industrial, energy, and defense sectors are growing in terms of IC adoption in applications such as factory automation, solar energy, and electronic warfare systems.
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Autonomous Vehicles to Boost Demand
The projected strong CAGR for the automotive application segment is partly due to the fact that this segment is growing from a smaller base compared to the communications and consumer electronics segments and partly because a steady and significant increase in IC content is expected on board all new cars—luxury level to base models—throughout the forecast period.
Automotive electronics is galvanizing the semiconductor industry, especially in developed economies such as the U.S., U.K., Australia, Norway, France, and Germany along with developing economies such as BRICS, with the introduction of next-generation cars equipped with electronic components, systems, and software to enhance car safety and management systems.
This is driving adoption of advanced electronics in sophisticated engine and safety controls, navigation, audio/video systems, hybrid electric drives, and LED lighting. With this, the automotive electronics application segment in the analog IC market is expected to witness significant growth during the period of assessment.
Increasing demand for driverless and smart cars is expected to generate the demand for advanced sensors over the forecast period, which is in turn driving growth of the automotive segment in the global analog IC market. Additionally, growing safety concerns and increasing government initiatives to encourage safety systems are further contributing to segment growth.
Proliferation of semiconductor devices in automotive systems due to increased use of electronics for safety, navigation, fuel efficiency, emission reduction, and entertainment systems is strengthening demand in the automotive segment.
In recent years, the Latin America region has emerged as a manufacturing and sales hub for automotive electronics, which is working as a catalyst for the growth of the analog IC market in the region. The automotive segment is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a very healthy CAGR in Latin America.
Brazil is one of the world’s largest markets for automobiles. The automotive segment in the country has been growing at a rapid pace over the last few years. In Europe, the automotive segment is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a moderate CAGR between 2021 and 2031.
The automotive segment is anticipated to register high Y-o-Y growth rates throughout the forecast period in the APEJ analog IC market and is projected to expand at a stellar CAGR of between 2021 and 2031. In the MEA region, the automotive segment is likely to register high Y-o-Y growth rates throughout the forecast period.
By Product Type
By Application Type