Analog Integrated Circuit (IC) Market By Type (Application-Specific IC, General-Purpose IC), By Application (Communication, Consumer Electronics), And Region for 2024-2031

Analog Integrated Circuit (IC) Market Valuation – 2024-2031

Analog integrated circuits (ICs) are in high demand due to the rapid growth of the consumer electronics, automotive, and industrial automation industries. Analog integrated circuits are crucial for power management, signal amplification, and data conversion making them indispensable in devices like smartphones, tablets, and wearables. As consumers want smarter, more energy-efficient devices, there is an increasing demand for innovative analog integrated circuits that optimize battery life and device performance by enabling the market to surpass a revenue of USD 396.87 Billion valued in 2023 and reach a valuation of around USD 718.42 Billion by 2031.

The automotive industry is another major contributor to the increasing need for analog integrated circuits. Analog integrated circuits (ICs) are becoming increasingly important for regulating power in electric cars (EVs) maximizing battery performance, and allowing advanced driver-assistance systems (ADAS). These circuits also play an important part in vehicle safety and user experience including amenities such as infotainment systems, lighting, and climate control by enabling the market to grow at a CAGR of 7.70% from 2024 to 2031.

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Analog Integrated Circuit (IC) Market: Definition/ Overview

Analog integrated circuits (ICs) are electrical components that process continuous signals whereas digital ICs process discrete binary signals. These circuits are critical for a variety of applications including audio and video equipment, sensors, power management systems, and communications devices. Analog integrated circuits perform capabilities like as amplification, filtering, modulation, and signal conversion making them essential for translating real-world signals like sound, light, and temperature into useful electronic signals.

They are widely used in a variety of industries because of their critical function in processing continuous signals. Analog integrated circuits are widely used in consumer electronics including cell phones, televisions, and audio systems. In these applications, analog integrated circuits handle operations such as signal amplification, audio processing, and voltage regulation providing high-quality sound and visual outputs.

Analog integrated circuits (ICs) are expected to rise significantly in the future owing to technological breakthroughs and increased applications across a wide range of industries. One of the most potential applications for analog integrated circuits is the developing Internet of Things (IoT). As the number of IoT devices grows, there is a greater demand for energy-efficient and small systems capable of processing real-time data.

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Will Growing Demand for Energy-Efficient Devices and the Expansion Of IoT Applications Drive the Analog Integrated Circuit (IC) Market?

The growing demand for energy-efficient devices as well as the rise of IoT applications are important drivers of the analog integrated circuit market. These developments are being driven by growing environmental concerns, a demand for cost-effective solutions, and the rapid expansion of linked devices across industries. Government initiatives and market trends both demonstrate a push for energy efficiency. According to the US Department of Energy, implementing energy-efficient technology could lower national energy consumption by 30% by 2030.

The growth of IoT applications is another important driver for the analog IC industry. The US International Trade Commission predicts that the number of IoT-connected devices worldwide will reach 41.6 billion by 2025, up from 8.4 billion in 2017, marking an astounding 395% rise. This expansion is seen in a variety of areas. According to the US Bureau of Labor Statistics, the number of IoT devices in manufacturing environments is predicted to double between 2020 and 2025, reaching more than 12.5 billion units.

Will the Complexity of Designing Advanced Analog ICs Hamper the Analog Integrated Circuit (IC) Market?

The complexity of designing modern analog integrated circuits (ICs) presents a substantial hurdle, potentially impeding the growth of the analog IC market. As technology improves and demand for high-performance electronic devices grows the design requirements for analog integrated circuits become more complex. These devices must properly manage a wide range of operations including signal amplification, data conversion, and power management all while being energy-efficient and noise-free. This intricacy frequently necessitates specific knowledge and abilities which can cause bottlenecks in the design process.

The increasing integration of analog and digital capabilities in current gadgets complicates the design process even further. Designers must manage the complexities of mixed-signal ICs which have both analog and digital components. The need for exact coordination among these parts complicates the design and manufacturing processes. Furthermore, the growing need for smaller, more compact designs that may be integrated into consumer electronics and IoT devices complicates engineers’ tasks. As a result, organizations may struggle to keep up with rapid technical changes resulting in product launch delays and potential loss of market competitiveness. 

Category-Wise Acumens

Will Multiple Applications in Electronic Devices Drive Growth in the Type Segment?

The general-purpose analog integrated circuit (IC) segment has emerged as the dominating player in the analog IC market accounting for the majority of market share and is predicted to maintain its lead during the forecast period. This supremacy can be traced to the adaptability and broad applicability of general-purpose analog integrated circuits in a variety of electronic products. These integrated circuits are critical components in a wide range of applications including data converters, operational amplifiers, comparators, and voltage regulators, making them essential for the design and operation of modern electronic systems.

The growing demand for efficient and dependable electronic solutions across a wide range of industries is driving the expansion of general-purpose analog integrated circuits. As the Internet of Things (IoT), automotive electronics, and telecommunications industries grow, the demand for strong analog functionality in devices becomes increasingly crucial. General-purpose analog integrated circuits (ICs) assist key activities such as signal processing, power management, and data conversion, improving overall electronic system performance. 

Will the Efficient Power Management and Sensor Network Characteristics Drive the Application Segment?

The automotive category is expected to develop the fastest in the Analog Integrated Circuit (IC) Market during the forecast period, owing primarily to the rising need for efficient power management and improved sensor network capabilities. As the automobile industry focuses more on improving vehicle performance and sustainability, there is a strong drive to optimize power use. Analog integrated circuits play an important part in this effort because they enable effective energy management systems that regulate power distribution and reduce waste.

The advent of self-driving cars is increasing the demand for creative chip designs that are suited to the specific needs of self-driving technology. Autonomous vehicles rely significantly on advanced sensor arrays such as LiDAR, radar, and cameras, to assess their surroundings and make real-time choices. This reliance on a complex network of sensors mandates the development of specialized analog integrated circuits capable of handling high data rates while maintaining precision and reliability.

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Country/Region-wise Acumens

Will the Increasing Trend For Adopting Newer Technology Drive the Market in the Asia Pacific Region?

The Asia Pacific region dominates the Analog Integrated Circuit (IC) Market owing to its strong electronics manufacturing industry and increasing technology adoption. This supremacy is supported by the region’s growing trend of embracing newer technology in a variety of industries including consumer electronics, automotive, and industrial applications. China’s dominance in the analog IC market is evidenced by its huge electronics production.

According to the China Academy of Information and Communications Technology (CAICT), China’s integrated circuit industry sales will reach 1.04 trillion yuan (about USD 158 Billion) in 2021, up 24.6% year on year. The Asia Pacific analog IC industry is being driven primarily by the adoption of newer technologies. The automobile sector, a key consumer of analog integrated circuits, is rapidly adopting electric vehicles (EVs). According to the International Energy Agency, China accounted for 57% of global electric vehicle sales in 2022, selling 6.5 million units.

Will the Growing Adoption of Electric Vehicles Drive the Market in the North American Region?

The North American Analog Integrated Circuit (IC) industry is expanding rapidly with the adoption of electric vehicles (EVs) emerging as a key driver. This expansion is encouraged by stringent pollution laws and rising customer demand for sustainable transportation solutions.
The increasing usage of electric vehicles is a crucial driver of the Analog IC market in North America. According to the US Department of Energy, EV sales in the United States have increased rapidly, with a record 807,180 EVs sold in 2022, a 65% increase over 2021.

The growing complexity of EV designs is driving demand for increasingly sophisticated analog ICs. The United States Environmental Protection Agency (EPA) states that current EVs require up to ten times more semiconductor material than typical internal combustion engine vehicles. The US Bureau of Labor Statistics predicts a 4% increase in electrical and electronics engineering jobs between 2020 and 2030, driven in part by the increasing EV sector. 

Competitive Landscape

The Analog Integrated Circuit (IC) Market is a dynamic and competitive space characterized by diverse players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations focus on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the Analog Integrated Circuit (IC) Market include:

Analog Devices, Inc., Infineon Technologies AG, Microchip Technology, Inc., NXP Semiconductors NV, ON Semiconductor.

Latest Developments

• In October 2023, Vitesco Technologies and Infineon Technologies AG announced the expansion of their long-standing partnership. Vitesco Technologies will incorporate the Infineon AURIX TC4x microcontroller family into their next generation of master and zone controllers for electric-electronic vehicle architectures (E/E architectures), as well as their new electrification system solutions. This strategic alliance, planned to begin in 2027, is likely to last several years.
• In September 2023, Intelligent Hardware Korea (IHWK), an AI solutions provider, has announced the ongoing development of a neuromorphic analog computing platform for neurotechnology devices and field programmable neuromorphic devices. IHWK plans to use Microchip Technology’s silicon storage technology to construct this sophisticated computing platform.

Report Scope

Analog Integrated Circuit (IC) Market, By Category

Type:

• Application-specific IC
• General-purpose IC

Application:

• Communication
• Consumer Electronics
• Automotive
• Others

Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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