The global general-purpose analog semiconductor market is predicted to grow during the forecast period. It was valued at US$18.566 billion in 2020 and is projected to reach up to US$26.199 billion in 2027 to grow at the Compound Annual Growth Rate of 5.04%.
The growth is attributed to the rising demand for devices such as voltage regulators worldwide to avoid the huge investments in data centers.
The general-purpose analog semiconductor is mainly used in general electronic devices. It comprises amplifiers, voltage regulators, comparators, and data converters. The analog semiconductors specifically regulate and condition the temperature, sound, electric current, and speed. General-purpose analog semiconductors are preferred due to their applicability in many areas, unlike the application of analog semiconductors. The general-purpose analog semiconductor is preferred over the digital semiconductor due to its longer product life cycle. It is also preferred by the manufacturer as it requires lower capital investments. The general-purpose analog semiconductors are used in the automotive industry, communication sector, consumer electronics, and other manufacturing.
Rising demand for general purpose analog semiconductors from the communication sector
The growth in the general-purpose analog semiconductor market is mainly attributed due to the growing demand from the communication sector. As the production of the smartphone is on its high with the growing demand for the same, the communication industry is already growing at lightning speed. The growth in communication speed for the next few years is estimated to drive the general-purpose analog semiconductor market rapidly during the forecast period. Additionally, to remain in the competitive market and maintain its growing speed, the smartphone industry heavily invests in research and development to bring state-of-the-art technology. At the same time, the number of data centers worldwide is rising significantly. Hence the snowballing demand for the general-purpose analog semiconductor from the smartphone sector is predicted to grow its market size during the forecast period.
In addition to the smartphone industry, the automotive industry is also expected to hold a significant figure in the general-purpose analog semiconductor market. On account of the proliferation of hybrid and electric vehicles, the automotive segment is estimated to rise in the general-purpose analog semiconductor market. With the increasing production of conventional cars, the demand for semiconductors is also rising. This will lead to growth in the general-purpose analog semiconductor market during the forecast period.
Growing investments in semiconductor production
The inclination towards the production of general-purpose analog semiconductors from the manufacturers is due to its lower investment capital than digital production. The increasing demand for electronic devices has led many investors to adopt semiconductor manufacturing. Many budding industrialists are also inclining towards the same. Growing investments in automotive are also expected to increase the demand for general-purpose analog semiconductors from this sector. Moreover, the rising demand for advanced semiconductor chips is also projected to drive the global general-purpose analog semiconductor market in the upcoming period.
Asia-Pacific to witness rapid growth in the market
The Asia-Pacific region is expected to grow and hold a significant market share in the general-purpose analog semiconductor market during the next five years. The increasing consumption of consumer electronics is the driving force for the market. This is attributed to the rising demand for high-end technology-based devices, which are coupled with minimum electronic prices. Owing to the rising number of local component manufacturers in the countries like China, Japan, and others, the general-purpose analog semiconductor market is expected to boost in the Asia-Pacific region.
Whereas rising investments in the research and developments in the countries like the United States and Canada, the North Aerica region is also expected to grow dynamically in the production of the general-purpose analog semiconductor market. Similarly, due to developments in the telecom and automotive industry in Europe, the general-purpose analog semiconductor market is expected to grow in this region as well. The growth in demand and production in this region is estimated to contribute to the general-purpose analog semiconductor market growth in the upcoming years.
Latest developments
| Report Metric | Details |
| Market size value in 2020 | US$18.566 billion |
| Market size value in 2027 | US$26.199 billion |
| Growth Rate | CAGR of 5.04% from 2020 to 2027 |
| Base year | 2020 |
| Forecast period | 2022–2027 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Industry Vertical, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Himax Technologies Inc., Texas Instruments Incorporated, Qualcomm Technologies Inc., STMicroelectronics, Skyworks Solutions Inc., Infineon Technologies AG, NXP Semiconductors, Microchip Technology Inc. |
| Customization scope | Free report customization with purchase |
Segmentation
Frequently Asked Questions (FAQs)
Q1. What will be the general-purpose analog semiconductor market size by 2027?
A1. The global general-purpose analog semiconductor market is predicted to reach a market size of US$26.199 billion by 2027.
Q2. What is the size of the global general-purpose analog semiconductor market?
A2. General Purpose Analog Semiconductor Market was valued at US$18.566 billion in 2020.
Q3. What are the growth prospects for the general-purpose analog semiconductor market?
A3. The general-purpose analog semiconductor market is predicted to grow at a CAGR of 5.04% during the forecast period.
Q4. What factors are anticipated to drive the general-purpose analog semiconductor market growth?
A4. The growth in communication speed for the next few years is estimated to drive the general-purpose analog semiconductor market,
Q5. Which region holds the largest market share in the general-purpose analog semiconductor market?
A5. The Asia-Pacific region is expected to grow and hold a significant market share in the general-purpose analog semiconductor market.
Himax Technologies Inc.
Texas Instruments Incorporated
Qualcomm Technologies Inc.
STMicroelectronics
Skyworks Solutions Inc.
Infineon Technologies AG
NXP Semiconductors
Microchip Technology Inc.
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