New York, NY, April 03, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Analog integrated circuits Market by Product Type (General Purpose ICs, Application-Specific ICs and other) for Consumer Electronics, Automotive, IT & Telecommunications, Medical & Healthcare and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022’’. According to the report, global analog integrated circuits market was valued at around USD 48.90 billion in 2016 and is expected to reach approximately USD 68.97 billion in 2022, growing at a CAGR of slightly above 5.9% between 2017 and 2022.
Analog ICs are used for numerous functions that need variable output signal for radio-frequency and audio-frequency amplifiers. The predominantly used linear IC is an operational amplifier, which is made up of the conventional analog circuit consisting of resistors, transistors, and diodes. The interconnected components of analog IC work over a continuous range of input signals as compared to their counterpart digital circuits having only two levels of input and output voltages called binary signals. This circuit processes, receive and generate various levels of energy output during the operation of the device.
Browse through 16 Tables & 36 Figures spread over 110 Pages and in-depth TOC on “Global Analog Integrated Circuits (ICs) Market: By Type, Size, Share, Growth Analysis and Forecast 2016 – 2022”.
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Increased adoption of smartphones, vehicle automation, and demand for portable and energy-efficient medical equipment in the healthcare sector are driving the growth of analog integrated circuits market. However, short product life cycle, increasing, design complexity of analog ICs, miniaturization and supply-demand imbalance of analog ICs are restraining market growth. Moreover, with the emanation of new technologies and the growing demand for efficient devices, the market growth of analog ICs will have a positive outlook until the end of 2022.
Analog ICs market is segmented on the basis of types, environment, application, and region. Type-based segmentation includes general purpose ICs and application-specific ICs. General purpose ICs are accounted for around 41% revenue share in 2016 and the report has projected that by 2024, revenues of app-specific IC products and services will be moving towards the USD 52 billion yardstick. Analog ICs market environment is further bifurcated to merchant IC and small-scale IC fabrication companies. Application wise market is subdivided into consumer electronics, automotive, IT & telecommunication, medical & healthcare.
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Geographically analog integrated circuits market has been divided into five regions North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America owes the second most dominant revenue of global analog integrated circuits market. US-based ON Semiconductor Corporation is one of the leading players in the global analog IC market, owing to its reliability for catering to applications such as logic & timing and power management. European countries such as Germany and the UK house leading automobile manufacturers are presumed to generate significant demand for ICs over the forecast period. In Europe, the automotive segment is expected to register high growth rates throughout the forecast period and is expected to expand at a CAGR of more than 4.9% between 2017 and 2022. Asia Pacific IC market includes major countries such as China, Japan, and India. It is estimated that the APAC region to account for a market share of more than 68% during the forecast period.
The presence of prominent semiconductor companies, such as ROHM, Infineon, and Renesas in this region, is a prime factor that will stimulate market growth in APAC. The automotive segment is expected to register high growth rates throughout the forecast period and is expected to expand at a CAGR of 6.8% between 2017 and 2022 in Latin America. Brazil is one of the world’s largest markets for automobiles. In the Middle East and Africa, the automotive segment is likely to register high growth rates throughout the forecast period. The Asia Pacific is the biggest market for semiconductor intellectual property. The leading markets in this region are China, South Korea, India, Japan, Taiwan, and Singapore. APAC is an electronics hub with millions of electronic devices being manufactured every year for consumption in the region itself and also for exporting to other places.
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The major players operating in analog integrated circuits market are STMicroelectronics NV, Analog Devices Inc., Richtek Technology Corporation, Maxim Integrated Products Inc., Texas Instruments Inc., Qualcomm Inc., Infineon Technologies AG, Global Mixed-mode Technology Inc., Taiwan Semiconductor and others. Texas Instruments, Inc. is observed to be the major manufacturer of analog IC products in the world. Along with Infineon Technologies AG, Analog Devices Inc., STMicroelectronics NV, and Skywork Solutions, Inc., will account for around 40% share of global analog IC market revenues by 2024.
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The report segments global analog IC market as follows:
Analog Integrated Circuits ICs Market: Type Segment Analysis
- General purpose ICs
- Application-specific ICs
Analog Integrated Circuits ICs Market: Environment Segment Analysis
- Merchant IC fabrication companies
- Small-scale IC fabrication companies
Analog Integrated Circuits ICs Market: Application Segment Analysis
- Consumer electronics
- IT & telecommunications
- Medical & healthcare
Analog Integrated Circuits ICs Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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