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| Global Analog IC Market Size |
Analog ICs are integral electronic components that process real-world
continuous signals like sound, power, temperature and speed for a variety of
electronic devices. They play a vital role in signal processing and converting
analog signals into digital signals. With the proliferation of IoT devices and
advances in autonomous vehicles, medical devices and additive manufacturing,
the demand for Analog ICs has surged significantly.
The global
Analog IC Market is estimated to be valued at US$ 72.56 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends: The rising adoption of Analog ICs across different
industries like consumer electronics, healthcare, industrial and automotive is
the major trend fueling the growth of the Analog IC market. Analog ICs find
wide usage in infotainment systems, navigation control units, battery
management systems and ADAS in automotive. In industrial applications, they are
used in motor drives, generators, power supplies and networking equipment.
Furthermore, increasing penetration of IoT and emergence of autonomous vehicles
requiring precise signal processing is also driving the demand of
high-performance Analog ICs during the forecast period.
Segment
Analysis
The global analog IC market is dominated by the operational amplifier
sub-segment. Operational amplifiers are an integral part of numerous industrial
and consumer electronics circuits such as filters, amplifiers and signal
processors. They act as a building block for many electronics circuits and
hence demand for operational amplifiers is consistently high across various
end-use industries. This ensures the dominance of the operational amplifier
sub-segment in the analog IC market.
Key Takeaways
Global
Analog IC Market Size is expected to witness high growth. APAC is
expected to be the fastest growing region for the analog IC market during the
forecast period. Strong electronic ecosystem, low-cost manufacturing, and
growing presence of key analog IC manufacturers in the region are factors
driving the market growth.
Regional analysis: The analog IC market in the APAC region is expected to grow
at a high CAGR during the forecast period. This can be attributed to the strong
presence of consumer electronics and automotive manufacturers in countries such
as China, Japan, South Korea and India. APAC is a major hub for low-cost
electronic manufacturing and it houses headquarters of many analog IC
manufacturers such as Texas Instruments and Analog Devices. These factors
ensure robust demand for analog ICs from the industrial and consumer goods
sector.
Key players
operating in the analog IC market are Illumina, Inc., Thermo Fisher Scientific,
Inc., Qiagen N.V., F. Hoffmann-La Roche Ltd., Foundation Medicine, Inc.
(Roche), Invitae Corporation, NeoGenomics Laboratories, Inc., Myriad Genetics,
Inc., Genomic Health, Inc. (Exact Sciences Corporation), Caris Life Sciences,
ArcherDX, Inc. (Invitae Corporation), Guardant Health, Inc., Personal Genome
Diagnostics Inc., Biocept, Inc., Tempus Labs, Inc.
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