Analog integrated circuit (IC) Market Report 2024 – Analog integrated circuit (IC) Market Size And Trends | Avnet Inc., Texas Instruments Incorporated, STMicroelectronics NV

The analog integrated circuit (IC) market size is expected to see strong growth in the next few years. It will grow to $111.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.  The growth in the forecast period can be attributed to increasing electric vehicles, adoption of smart grids, advancements in quantum computing, advancements in edge ai and machine learning, and increasing autonomous vehicles. Major trends in the forecast period include adoption of digital twin technology, increasing adoption of wireless communications, technological advancements, advancements in cloud infrastructure, and semi-autonomous vehicle technologies.

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Scope Of Analog integrated circuit (IC) Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Analog integrated circuit (IC) Market Overview

Market Drivers –
The growing adoption of electric vehicles (EVs) is expected to propel the growth of the analog integrated circuit (IC) market going forward. Electric vehicles (EVs) are vehicles powered by electric motors using energy stored in rechargeable batteries, offering a sustainable alternative to traditional internal combustion engine vehicles. The growing adoption of electric vehicles (EVs) is due to their environmental benefits, technological advancements, and increasing infrastructure support for charging stations. Analog ICs in electric vehicles (EVs) optimize battery usage, manage power distribution, and enhance overall energy efficiency. These ICs are also used to process signals from radar and lidar systems for features such as collision avoidance and adaptive cruise control. For instance, in July 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of that year, a 25% increase from last year. Moreover, by the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, the growing adoption of electric vehicles (EVs) is driving the growth of the analog IC market.

Market Trends –
Major companies operating in the analog integrated circuit (IC) market are developing innovative IC’s, such as the wide-body SOIC 16-pin version, to enhance performance, increase reliability, and meet the growing demand for high-isolation and low-conduction impedance solutions in various applications. The wide-body SOIC 16-pin version is a hall sensor known for its high isolation and ability to convert current into linear voltage. For instance, in July 2021, Suzhou NOVOSENSE Microelectronics Co. Ltd., a China-based semiconductor company, launched the NSM201X series integrated circuit hall sensor. These sensors use the Hall effect principle to convert currents up to ±65A into a linear voltage output. They are ideal for various isolated current sampling applications such as MPPT tracking in photovoltaic inverters, industrial inverters, UPS systems, and charging piles. The wide-body SOIC 16-pin version of the NSM201X series features high isolation with a maximum operating voltage of over 1550Vpk, an insulation capacity of 1 minute, voltage withstand of 5000Vrms, and surge insulation withstand of over 10kV.

The analog integrated circuit (IC) market covered in this report is segmented –
1) By Type: Application Specific Integrated Circuit (IC), General Purpose Integrated Circuit (IC)
2) By Application: Amplifiers Or Comparators, Data Convertors, Voltage Regulators, Interface Integrated Circuit (IC), Other Applications
3) By End-User: Consumer Electronics, Communication, Automotive, Industrial, Other End Users

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Regional Insights –
Asia-Pacific was the largest region in the analog integrated circuit (IC) market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the analog integrated circuit (IC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the analog integrated circuit (IC) market are  Avnet Inc., Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor, Micrel Semiconductor Inc., Microchip Technology Inc., Skyworks Solutions Inc., Marvell Technology Inc., Diodes Incorporated, Cirrus Logic Inc., Microsemi Corporation, Integrated Device Technology Inc., Semtech Corporation, Exar Corporation, Pericom Semiconductor Corporation, Richtek Technology Corporation

Table of Contents
1. Executive Summary
2. Analog integrated circuit (IC) Market Report Structure
3. Analog integrated circuit (IC) Market Trends And Strategies
4. Analog integrated circuit (IC) Market – Macro Economic Scenario
5. Analog integrated circuit (IC) Market Size And Growth
…..
27. Analog integrated circuit (IC) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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