The “Global Analog IC Market, by Product Type (Application Specific IC and General Purpose IC), by Application (Communication, Consumer Electronics, Automotive, Industrial, Medical & Healthcare, and Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 97,532.6 million by 2027, witnessing a CAGR of 6.8% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.

Overview

Analog electronic circuit includes an analog signal with constantly changing signal, which contradicting to digital electronics where signals usually signals take only two levels. Most of the fundamental electronic components such as inductors, resistors, capacitors, diodes, transistors, and operational amplifiers are characteristically analog. Generally, analog circuits are made of very elegant designs with many components though they can be simple similar to two resistors combining to make voltage providers. Analog ICs were initially comprised of a pair of matched transistors and soon expanded to include rudimentary Op-Amps, voltage regulators, comparators, and timers. Analog ICs are increasingly used in various applications due to smaller size, higher speeds, and lower power consumption.

Market Driver

Growing adoption of analog IC in medical equipment is expected to drive growth of the global IC market during the forecast period

Increasing demand for advanced medical equipment in the healthcare industry has accelerated the demand for analog IC significantly. Medical equipment, especially implantable medical devices, are designed to offer therapy for pain management and psychological disorders have pre-installed analog ICs. Moreover, growing urbanization, global population, and technological advancements analog ICs are enhancing functionality of these healthcare equipment. Hence, these factors are expected to drive the global analog IC market growth over the forecast period.

Market Opportunity

Development semiconductors at economical price can provide lucrative business opportunity for market players

Key companies in the market can expand their revenue generation by providing semiconductors at economical price, especially to small- and mid-sized enterprises from emerging economies such as Brazil, India, and China. Moreover, manufacturers can offer high-quality products at affordable prices, in order to minimize if not eliminate the prevalence of counterfeit semiconductors. This, in turn, is expected to offer significant growth opportunity for market players over the forecast period.   

Market Restraint

Increasing political interference, resulting in lack of investment is expected to hamper the global analog IC market growth over the forecast period 

Waste materials and gases generated during the manufacturing of electronic devices and components are hazardous for the environment. Manufacturers in the industry need to comply with environmental norms instigated by various regulatory agencies. These factors are restricting manufacturers from investing in analog IC components, which in turn, is expected hinder the global analog IC market growth over the forecast period. Furthermore, political instability in various countries and regions is creating challenges for manufacturers in terms of making the entire process complicated for the development product.

Market Trends

  1. North America Trends
  • North America semiconductor manufacturing market is constantly evolving with the introduction of a growing number of fabless chip designers and manufacturing execution services providers.
  • Key manufacturers in the regional market are focused on employing advanced and complex transistor architectures by using new materials and methodologies such as 3D-stacked ICs and other advanced technologies requiring complex co-design. These manufacturers are forming joint development agreements, in order to cater to increasing demands.
  • Moreover, manufacturing of personal computers and servers requires extensive use of ICs, which is driving the regional market growth. However, high adoption of smartphones and tablets has decreased the demand for PCs, which in turn, is witnessing decline in revenue contribution from computing and network application. The trend is expected to continue during the forecast period.
  • However, decreased prices of SATS, growing competition from players based in Southeast Asia, and increasing trend of outsourcing is hindering the revenue generation of the North America analog IC market.
  1. Asia Pacific Trends
  • Among regions, Asia Pacific is the fastest growing analog IC market, owing to rampant semiconductor assembly, production of consumer electronics devices, rising testing and pricing services, and rapid growth of automobile industry in the region. In Asia Pacific, China is emerging as hub for semiconductor assembly & testing services (SATS) providers. The Chinese government is offering financial support to local players to boost R&D activities, in order promote growth of semiconductor industry in the country. The government has proactively started various programs to develop skilled labor and is focused on establishing strategic alliances with global market players. Furthermore, among applications, medical devices, advance consumer electronics, automotive, and wearable devices such as fitness equipment and smartwatches, smart glasses, Bluetooth headsets, and more are expected to gain significant traction as compared communication application segment.

Competitive Section

Key players operating in the global analog IC market are Texas Instruments Incorporated, Renesas Corporation, Infineon Technologies AG, Qualcomm Technologies, Inc., NXP Semiconductors, ON Semiconductor, STMicroelectronics, Skyworks Solutions, Inc., Analog Devices, Inc., and Maxim Integrated Products Inc.

Key Developments

  1. Key companies in the market are focused on product development, in order to enhance their product portfolio. For instance, in January 2017, Texas Instruments Inc. launched circuit-based reference designs for drones that aid device manufacturers to extend flight time and battery life for quadcopters and other industrial drones.
  2. Major market companies are involved in product launches, in order to enhance their market presence. For instance, in January 2017, Maxim Integrated Products Inc. launched MAX2175 – the industry’s first radio tuner solution featured with single hardware platform – which supports worldwide radio standards for automotive applications.

Segmentations

Market Taxonomy:

  1. By Product Type
  • Application Specific IC
  • General Purpose IC
  1. By Application
  • Communication
  • Consumer Electronics
  • Automotive
  • Industrial
  • Medical & Healthcare
  • Others
  1. By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
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