Market Size of Americas Analog IC Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.56 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Americas Analog IC Market Analysis
The Americas analog IC market was valued at USD 13.37 billion in the previous year. It is expected to reach USD 18.83 billion in the next five years, registering a CAGR of 5.56%.
- Throughout the region, consumer gadgets are in extremely high demand. Mobile phones, computers, televisions, and tablets are a few of the widely used consumer electronics items. Home equipment, including washing machines, air conditioners, refrigerators, dishwashing machines, and refrigerators, is becoming increasingly necessary. The increasing demand for consumer electronics products may drive growth during the forecast period.
- The development of new chips and the number of autonomous vehicles are rising. Each microcircuit requires an analog circuit to connect with the outside world while maintaining a digital identity. As newer models of cars are outfitted with electronic parts, systems, and software to enhance vehicle safety and control, it is anticipated that analog IC sales for automotive vehicles will rise in the future.
- The pandemic also aggravated the existing chip shortage in the industry. Manufacturers like Texas Instruments, Intel, and TSMC are investing in constructing new fabs to ramp up chip production. Many governments worldwide have joined forces to increase chip capacity. For instance, the CHIPS Act, which includes around USD 52 billion in government subsidies for semiconductor research and manufacture, was enacted by the US Senate and House of Representatives in July 2022.
- The basic goal of analog integrated circuit (IC) design is to develop circuits that function in continuous time-domain behavior and are optimized for it. Analog design serves as the basis for all IC design since all of an IC's fundamental devices respond to constant time stimuli.
- However, there needs to be more skilled personnel in the semiconductor industry. As per Cindi Harper, Human Resources, Talent Planning, and Acquisition at Intel, the demand for talent in the industry is greater than the supply. The United States anticipates a shortfall of 250,000 semiconductor engineers over the following five years, according to Ruchir Dixit, national manager at Siemens EDA. This can be a more significant challenge in the region's analog IC industry during the forecast period.
