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According to The Business Research Company’s Analog integrated circuit (IC) Global Market Report 2024, The analog integrated circuit (IC) market size has grown strongly in recent years. It will grow from $80.38 billion in 2023 to $85.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to consumer electronics boom, demand for analog ICs in audio amplifiers, demand for analog ICs in noise cancellation, utilization of analog ics in power electronics, security and surveillance.
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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Analog Integrated Circuit (IC) Market Characteristics
3. Analog Integrated Circuit (IC) Market Trends And Strategies
4. Analog Integrated Circuit (IC) Market – Macro Economic Scenario
5. Global Analog Integrated Circuit (IC) Market Size and Growth
…
32. Global Analog Integrated Circuit (IC) Market Competitive Benchmarking
33. Global Analog Integrated Circuit (IC) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Analog Integrated Circuit (IC) Market
35. Analog Integrated Circuit (IC) Market Future Outlook and Potential Analysis
36. Appendix
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