Global Application Specific Consumer Analog Integrated Circuit Market Size

Application Specific Consumer Analog Integrated Circuit Market Analysis

The global application-specific consumer analog integrated circuit market is expected to witness a CAGR of 5.6% during the forecast period (2022-2027). Miniaturization of semiconductors, which allows for creating more compact, lighter, and portable devices, is contributing to market growth.

• The advantages of application-specific analog integrated circuits include decreased BOM (bill-of-materials), enhanced performance, better functionality, lesser power consumption, improved security, reduced size and weight, better yields, enhanced IP protection, decreased test and assembly costs, and better reliability.
• The mass-production abilities of manufacturers are key to the evolution of the application-specific consumer analog integrated circuit market. Despite their encouraging applications, costs remain a fundamental barrier to growth for small players, as end-user industries continue to demand high-volume manufacturing.
• The players in the market are responding to this by shortening product cycles concerning product development of niche specialties. This nature of manufacturing is also anticipated to play a vital role in expanding the studied market.
• Further, in Q1 of 2020, the COVID-19 outbreak severely impacted the inventory levels for the consumer analog IC vendors and distribution channels. However, as the supply chain gradually recovered in the Q2 of 2020, and as various governments enabled fiscal policies to strengthen the economy, the IC sector also gained momentum. These factors, combined with the rise of the stay-at-home economy, led to an increased restocking demand from downstream clients, providing a boost to Consumer analog IC revenue. For instance, in 2020, mobile phones and semiconductor products exports from South Korea to China rose by 7.3% and 1.7%, while exports of Consumer Analog IC for computers and peripherals to the US rose by about 25.8% and 95.9%, respectively.
• Additionally, various technological breakthroughs, such as integrating connected devices with the Internet of Things (IoT), cloud computing, and artificial intelligence (AI), are also driving the market.