Analog IC Market 2022
The global Analog IC Market is expected to grow unstoppably in the next decade. IoT (Internet of Things) is the future of the industries all across. The ICT vertical would be at its highest co-efficient of innovative friction herein. Novel technologies like 5G would be there to revitalize data analytics, automation, and embedded systems. This would be the ICT vertical in the forecast period.
The recently updated report published by Persistence Market Research projects that the global market for analog ICs, which is valued at US$ 63 Bn in 2021, will soar at a robust 8.5% CAGR to reach US$ 93 Bn by the end of 2031.
Texas Instruments, Inc. is being observed as the largest manufacturer of analog IC in the world. Along with Infineon Technologies AG, STMicroelectronics NV, Analog Devices Inc., and Skywork Solutions, Inc., these companies will continue to communally account for 40% share of global analog IC market revenues through 2031.
NXP Semiconductors NV is also known for offering performance-based analog IC. US-based ON Semiconductor Corporation is also a leading player in the global analog IC market, owing to its credibility for catering to applications such as power management and logic & timing.
Qualcomm Technologies, Inc., Maxim Integrated Products, Inc., and Renesas Electronics Corporation are also prominent manufacturers of analog IC, profiled in this report.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Qualcomm Technologies, Inc., STMicroelectronics, Analog Devices, Inc., Infineon Technologies AG, NXP Semiconductors, Maxim Integrated, Skyworks Solutions, Inc., ON Semiconductor, Linear Technology and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Analog IC.
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Asia-Pacific – Fastest-growing Analog IC Market
In terms of regional growth, global analog IC market will witness utmost dominance from Asia-Pacific (APAC) countries. By the end of 2031, revenue from every other analog IC product that will be sold in the world will be accounted by the APAC region.
North America is anticipated to account for more than 1/3 of the global market share through 2031. In 2021 & beyond, Latin America, Europe and the Middle East & Africa arc expected to collectively account for less than 1/4 of global analog IC revenues.
General purpose IC products & services are presently in demand from multiple industrial verticals. With time, analog IC will be designed according to the application it serves. While general purpose IC products accounted for 2/5 revenue share in 2021, global analog IC revenues emanating from sales of such products are ordained to experience decline.
Corresponding to the dip in sales of general purpose IC products, industrial demands for analog IC will be veering towards application-specific IC products.
Higher Demand for Analog ICs in Automotive Applications
Application of analog IC will continue to spanned across industries such as communications, healthcare, manufacturing, consumer electronics, and automotive, among others. Analog IC are gaining adoption in communication industry by playing an integral role in multiple device connectivity.
Considering higher use of analog IC in production of multimedia devices, global consumer electronics industry is projected to account for more than one-third of global market revenues over the forecast period.
Key findings from the report indicate that automotive applications of analog IC are expected to gain traction. Throughout the projection tenure, automotive applications are estimated to account for substantial global revenues.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Analog IC Market Manufacturers
Analog IC Market Distributors/Traders/Wholesalers
Analog IC Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Analog IC Market Report:
- The Analog IC Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Analog IC Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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Analog IC Market by Type, Application, Growth and Analysis – 2031
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