Analog IC Market Size, Share, Opportunities, COVID-19 Impact, 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 that is part of a larger electronic circuit and is a basic component in most electronic devices. It is utilized for higher power applications and wideband signals with sample rate requirements, as well as for user interface with a transducer. The global Analog Integrated Circuit (IC) Market is being driven by steadily increasing smartphone, feature phone, and tablet penetration, as well as technological improvements in consumer electronic devices. Analog IC 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 is driving market expansion. Lower IC cost per function, shorter product replacement cycles, and improved functionality are some factors driving the growth of the global analog IC market.

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 in existence, fueling market growth in the future. 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 highest charge-discharge overcurrent detection voltage accuracy of 0.5mV in the world. Even as the charge current grows, IC characteristics allow for the suppression of heat generation in the protective circuit board. Their capacity to lower anomalous current to a safer level, as well as their high accuracy overcharge detection, contribute greatly to increased product safety.

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

Analog integrated circuits 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 taking into account 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, the MAX17330 battery management integrated circuit (IC) for one-cell lithium-ion/polymer batteries was introduced by Analog Devices, Inc. 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. Nexperia, for example, 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 on the planet. Nexperia, headquartered in Nijmegen, the Netherlands, 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. The launch of the Analog and Mixed Signal Products Division was also announced by Integrated Silicon Solution, Inc., a pioneer in advanced memory and analog IC solutions, in March 2020. This allows the division to better focus on product lines serving key markets like automotive, communications, industrial, medical, and digital consumers.

Key Developments: 

• November 2021: 3rd generation enhanced functional safety battery monitoring ICs (BM-ICs) for automotive battery management systems (BMS) were released by Nuvoton Technology Corporation Japan 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.

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

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 per cent 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 the development of new facilities and increase the manufacturing of industrial and automotive chips starting in July 2022.

Analog IC Market Scope:

Segmentation:

• 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