Analog IC Market Size, Share, Opportunities, And Trends By Type (Interface, Power Management, Signal Conversion, Amplifiers, Others), By Application (Automotive, Consumer Electronics, IT and Communications, Others), And By Geography - Forecasts From 2023 To 2028

Analog IC Market is projected to grow at a CAGR of 4.71% to reach US$101.297 billion in 2028 from US$73.388 billion in 2021.

Market Overview:

An analog integrated circuit (IC) is the most basic circuit part of a larger electronic circuit and is a basic component in most electronic devices. It is utilized for higher power applications, wideband signals with sample rate requirements, and user interfaces with a transducer.

The global Analog IC Market is driven by steadily increasing smartphone, feature phone, and tablet penetration, as well as technological improvements in consumer electronic devices. It is found in components such as DC amplifiers, multi-vibrators, and oscillators. The increasing use of these components in LED lighting applications such as data transmission systems, display drivers, and traffic light indicators drives market expansion. Lower IC cost per function, shorter product replacement cycles, and improved functionality are some factors driving the global analog IC market growth.

Analog IC Market Drivers

• The power management capabilities of analog ICs have wide applications in the consumer electronics market.

The expansion of technologies such as the Internet of Things has brought smart electronic devices that are predicted to be used in practically all industrial verticals, fueling future market growth. Thermal dissipation and battery power supply are two key design constraints for mobile electronics such as smartphones and tablets. Thermal dissipation limits AP (Application Processor) power consumption, which limits computing capability.

The power consumption of the mobile device also influences battery usage duration. As a result of these factors, power management to increase electric power usage efficiency is an essential component of mobile device design. Power management ICs (PMICs) are utilized for effective power management. Analog IC components are frequently used in PMICs. For example, ABLIC, an evolving analog semiconductor manufacturer, introduced the S-82Y1B Series of 1-cell battery protection ICs in October 2022 with the world's highest charge-discharge overcurrent detection voltage accuracy of 0.5mV. Even as the charge current grows, IC characteristics suppress heat generation in the protective circuit board. Their capacity to lower anomalous currents to a safer level, as well as their high accuracy in overcharge detection, contribute greatly to increased product safety.

• The expansion of the automotive industry will favour the analog integrated circuit market growth.

Analog ICs are employed in a variety of automotive applications. To attain carbon neutrality on a global scale, battery electric cars (BEVs) and hybrid electric vehicles (HEVs) are growing in popularity. Automakers are urged to take precautions to prevent dangerous incidents like lithium-ion batteries catching fire and releasing gases. BEVs need to be able to travel farther on a single charge than an internal combustion engine vehicle. To choose the best battery for an application while considering energy efficiency, safety, and cost, a battery monitoring IC with the ability to measure a wider voltage in a wide range of temperatures is necessary. For instance, Analog Devices, Inc. introduced the MAX17330 battery management IC for one-cell lithium-ion/polymer batteries in November 2021. It features an integrated fuel gauge and advanced battery protection and is intended to provide longer battery runtime for the automotive and industrial markets. The demand for analog ICs is also being driven by the expansion of the automobile industry, which is, in turn, motivating IC producers to increase their production capabilities and create novel solutions.

For instance, Nexperia, in March 2022, announced the official opening of its new design centre in Dallas, Texas. Nexperia is a world leader in the high-volume fabrication of critical semiconductors, which are required by every electronic design. Headquartered in Nijmegen, the Netherlands, the company exports more than 100 billion items each year, meeting the automotive industry's demanding standards. The Dallas design centre is Nexperia's first in North America, and it will focus on the development of analog signal conversion and power management ICs for the automobile industry. Integrated Silicon Solution, Inc., a pioneer in advanced memory and analog IC solutions, announced the launch of the Analog and Mixed Signal Products Division in March 2020. This allows the division to better focus on product lines serving key markets like automotive, communications, industrial, medical, and digital consumers.

Analog IC Market Key Developments: 

• November 2021: Nuvoton Technology Corporation Japan released third-generation enhanced functional safety battery monitoring ICs (BM-ICs) for automotive battery management systems (BMS) in November 2021. With copies of the battery cell input terminal, multiplexer, and AD converter in a single IC, their novel BM-ICs can detect a variety of battery cell irregularities and BMS failures.

Analog IC Market – Geographical Outlook

• China is anticipated to have the Asia Pacific region's fastest growth rate.

China is a leading producer and consumer of semiconductors and related items. The electronics sector has experienced a surge, according to the government. Although local analog IC design and manufacturing companies currently lag behind their global competitors, the industry's growth is anticipated to be aided by favorable industry legislation and increasing attention from various industry players.

One of the main industries driving demand for analog ICs is the automotive sector; the market for new energy vehicles is expanding quickly both domestically and internationally, and there is an increasing need for analog chips used in car electronics. For instance, the China Association of Automobile Manufacturers (CAAM) estimates that 6.89 million of the 26.86 million vehicles sold in 2022 were electric vehicles. Due to low-cost electricity and a supportive political environment in China, sales of EVs nearly doubled, increasing by 93.4 percent year over year. Analog IC demand is increasing due to the expansion of the automotive sector, which in turn motivates IC producers to increase production and create novel solutions. For instance, CanSemi Technology in China has raised roughly $672 million in a fresh round of investment to invest in developing new facilities and increase the manufacturing of industrial and automotive chips starting in July 2022.

Analog IC Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$73.388 billion
Market Size Value in 2028	US$101.297 billion
Growth Rate	CAGR of 4.71% from 2021 to 2028
Base Year	2021
Forecast Period	2023–2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Application, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Infineon Technologies AG, Analog Devices, Microchip Technology Inc, NXP Semiconductor NV, Skyworks Solutions Inc, STMicroelectronics NV, Renesas Electronics Corporation, Texas Instruments
Customization Scope	Free report customization with purchase

 

The Analog IC Market is segmented and analyzed as follows:

• By type
  • Interface
  • Power Management
  • Signal Conversion
  • Amplifiers
  • Others
• By application
  • Automotive
  • Consumer Electronics
  • IT and Communications
  • Others
• By geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

 

5. ANALOG IC MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Interface 

5.3. Power Management

5.4. Signal Conversion 

5.5. Amplifiers

5.6. Others 

 

6. ANALOG IC MARKET ANALYSIS, BY APPLICATIONS

6.1. Introduction

6.2. Automotive

6.3. Consumer Electronics

6.4. IT and Communications

6.5. Others 

 

7. ANALOG IC MARKET ANALYSIS, BY GEOGRAPHY

7.1. Introduction

7.2. North America 

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America 

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe 

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Others

7.5. Middle East and Africa 

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific 

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Others

 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. Infineon Technologies AG 

9.2. Analog Devices  

9.3. Microchip Technology Inc  

9.4. NXP Semiconductor NV  

9.5. Skyworks Solutions Inc  

9.6. STMicroelectronics NV  

9.7. Renesas Electronics Corporation  

9.8. Texas Instruments  

Infineon Technologies AG

Analog Devices 

Microchip Technology Inc 

NXP Semiconductor NV 

Skyworks Solutions Inc 

STMicroelectronics NV 

Renesas Electronics Corporation 

Texas Instruments