Market Size of Application Specific Analog IC Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Application Specific Analog IC Market Analysis
The Global Application Specific Analog IC Market is expected to register a CAGR of 6.10% during the forecast period (2022 - 2027). Factors such as rising factory automation, miniaturization of semiconductors, and advancements in the Internet of Things (IoT) and Artificial Intelligence (AI) are driving the growth of the studied market.
- Analog integrated circuits deal with the design and analysis of modem analog circuits using integrated bipolar and field-effect transistor technologies. The analog integrated circuit (IC) operates over an entire range of continuous signal amplitude values, which are used for various functions that require variable output signals for radio-frequency and audio-frequency amplifiers.
- The increasing usage of analog ICs in various applications, such as consumer electronics, automotive driver assistance systems (ADAS), and industrial sectors, has contributed to the growth of the analog IC market. The rising adoption of analog ICs in electric automotive is one of the major factors driving its demand. Analog ICs are essential for vehicle automation, as they provide accurate information for the inbuilt artificial intelligence (AI).
- Analog ICs play a key role in the automation of automobiles, especially in networked communications and driving automation, which are the primary requirements of driverless/autonomous cars. According to the NASDAQ, driverless vehicles will likely dominate the market by 2030.
- Due to the COVID-19 outbreak, the global supply chain and manufacturing sector have been disrupted. The COVID-19 pandemic and subsequent supply chain uncertainties significantly impacted the global economy in 2020 and 2021. This has disrupted the financial markets, negatively impacted the global supply chain, and increased the cost of materials and operations, particularly within the global automotive industry.
- The growing adoption of IoT in various industries is expected to propel the market's growth, owing to the benefits offered by analog ICs, across a considerable range of real-time connected devices and applications. Analog ICs have dynamic power consumption characteristics and signal-processing capabilities required to configure an ecosystem of automated devices.
