The Global Application Specific Analog Market is expected to grow from US$56.928 billion in 2025 to US$73.821 billion in 2030, at a CAGR of 5.33%.
An analog is an electronic communication that is sent as signals of varying frequency. These are particularly used to convey information by storing it in a physical medium such as vinyl record players, televisions, smartphones, polaroids or film cameras, and others. Moreover, application-specific chips are designed to perform a single function that cannot be used in others, for example, the use of application-specific analogs in consumer electronics such as smartphones. Furthermore, an application-specific chip such as an analog circuit improves the speed, is compact, and uses less electricity.
Application-specific analog is essentially used in portable electronic devices as it is compact, requires less assembling cost, improves performance, consumes less power, and provides improved security and enhanced IP protection. In recent years, demand for application-specific analog is increasing due to the rise in demand for consumer electronics, particularly smartphones. Furthermore, advanced technology, the introduction of high-end connectivity such as 5G technology, better smartphone cameras, slim design, and others are further increasing the demand for smartphones which is further boosting the market for application-specific analog. Furthermore, new generation technologies such as 5G connectivity increased the demand for smartphones, especially for Chinese smartphone brands such as Xiaomi, Oppo, Vivo, and Realme.
Further, the demand for smartphones increased as people have begun using digital payments as a result of social distancing norms which further propelled the growth of application-specific analogs. Moreover, entertainment devices such as smart television sets witnessed an increase as people watched online shows and movies to pass time during the pandemic. Additionally, demand for laptops increased due to work from home, online education, and media consumption among the population.
North America witnessed an increase in the demand for the global application specific analog market. The demand for application-specific analog increased due to rising demand for smartphones, tablets, laptops, and smart TVs as a result of emerging technologies such as 5G connectivity, AI, the Internet of things, smart cameras, sensors, and others.
Further, the drivers of the Asia-Pacific industry are the rising adoption of smartphones and vehicle automation as a result of urbanization and the rising population. By 2025, smartphones will account for more than 4 out of 5 connections, predicts the GSM Association. The use of analog integrated circuits (Analog IC) in smartphones in this region is anticipated to rise as a result of this trend. Moreover, 5G connectivity and infrastructure are increasing in China owing to its benefits in the telecom and internet sector which is further increasing the demand for application-specific analog. Analog IC development prospects in this sector are being boosted by the growing emphasis on IoT platforms. Governments of these emerging nations are concentrating on accessing various public and commercial IoT platforms as a result of countries like China, India, and South Korea actively seeking to enhance them.
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