The general-purpose analog integrated circuit (ic) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
General-Purpose Analog Integrated Circuit (IC) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The general-purpose analog integrated circuit (IC) market size has grown strongly in recent years. It will grow from $28.66 billion in 2023 to $30.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing demand in consumer electronics, advancements in automotive electronics, growth in industrial automation, rising adoption of IoT devices, expansion of wireless communication infrastructure, need for efficient power management solutions, and continuous innovation in healthcare electronics.
The general-purpose analog integrated circuit (IC) market size is expected to see strong growth in the next few years. It will grow to $38.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to advancements in automotive electronics, growing demand for consumer electronics, increasing industrial automation, rising adoption of IoT devices, expansion of telecommunications infrastructure, development of renewable energy solutions, and advancements in healthcare technologies. Major trends in the forecast period include a rise in integration with AI applications, an increase in demand for power-efficient designs, growth in automotive electronics, expansion in IoT connectivity, advancements in sensor technologies, a shift towards miniaturization, and a heightened focus on cybersecurity features.
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Scope Of General-Purpose 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.
General-Purpose Analog Integrated Circuit (IC) Market Overview
Market Drivers –
The increasing automation in the automotive industry is expected to propel the growth of the general-purpose analog integrated circuits (ICs) market going forward. Automation in the automotive industry refers to the adoption of advanced technologies and robotics to automate tasks traditionally performed by human operators, aiming to enhance operational efficiency, safety, and production capabilities. The automobile industry is becoming more automated due to advances in artificial intelligence, machine learning, and robotics, which enable higher precision, faster production rates, lower labor costs, and increased car quality and durability. General-purpose analog integrated circuits (ICs) aid in automation within the automotive industry by providing crucial functionalities such as processing sensor signals, managing power distribution, and controlling automated systems such as autonomous driving, adaptive cruise control, and advanced driver assistance systems (ADAS). For instance, in July 2023, according to a report published by the International Federation of Robotics, a Germany-based organization for robotics research, the annual robot installation globally in the automotive industry increased from 84,000 units in 2020 to 119,000 in 2021, with industrial robots ranging at 42%. Therefore, the increasing automation in the automotive industry is driving the growth of the general-purpose analog integrated circuits (ICs) market.
Market Trends –
Major companies operating in the general-purpose analog integrated circuit (IC) market are developing advanced IC’s such as low-dropout (LDO) voltage regulators to minimize power consumption, which is critical for extending the operational lifespan. A low-dropout (LDO) voltage regulator is a type of linear regulator that produces a stable output voltage with a low voltage drop between the input and output, making it ideal for applications that require close alignment of input and output voltages, such as portable electronics and low-power equipment. For instance, in January 2023, Nisshinbo Micro Devices Inc., a Japan-based semiconductor company, launched the NR1600 series. These regulators are designed to offer consistent output voltages with little dropout, making them ideal for various consumer and industrial applications requiring precision voltage regulation. The NR1600 series has features such as configurable output voltage settings, soft-start time modification, power-good monitoring, and several trim packaging options to meet various application requirements.
The general-purpose analog integrated circuit (IC) market covered in this report is segmented –
1) By Type: General Purpose Components, Application Specific Analog Integrated Circuits (ICs)
2) By Application: Interface, Power Management, Signal Conversion, Amplifier Or Comparator
3) By Industry Vertical: Consumer Electronics, Telecom And Communication, Automotive, Healthcare
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Regional Insights –
North America was the largest region in the general-purpose analog integrated circuit (IC) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the general-purpose 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 general-purpose analog integrated circuit (IC) market are Panasonic Corporation, Broadcom Inc., Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation (ON semi), Microchip Technology Incorporated, Skyworks Solutions Inc., ROHM Co. Ltd., Vishay Intertechnology Inc., Nexperia B.V., Diodes Incorporated, Sanken Electric Co. Ltd., MaxLinear Inc., Semtech Corporation, Exar Corporation, Toshiba Electronic Devices & Storage Corporation
Table of Contents
1. Executive Summary
2. General-Purpose Analog Integrated Circuit (IC) Market Report Structure
3. General-Purpose Analog Integrated Circuit (IC) Market Trends And Strategies
4. General-Purpose Analog Integrated Circuit (IC) Market – Macro Economic Scenario
5. General-Purpose Analog Integrated Circuit (IC) Market Size And Growth
…..
27. General-Purpose 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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