The global analog integrated circuits market has garnered wide spread acclaim due to its diverse functionality, small size, and dynamic applicability, such as utility in automotive application, LED lighting, healthcare monitoring, and collision prevention. Owing to their inherent contraction and flexibility, analog integrated circuits have been incorporated in several sectors such as consumer electronics products, automotive products, biomedical products, and wearable sensor-based devices. Analog ICs are expected to have widespread applications in computing and storage, automotives, communications, consumer electronics, industrial, and medical sectors over the forecast period.
Augmenting demand for electronic devices with sophisticated functionality and technological advancement is anticipated to drive the analog integrated circuits market. Analog integrated circuits play a key role in the functioning of electronic medical equipment, handheld electronic devices, and cars that offer advanced features. Energy-yielding capabilities and dynamic application areas of analog integrated circuits are expected to serve as key drivers for the analog integrated circuits market augmentation. Analog ICs are capable of replacing several humanly sensory functions by serving their core functionality in varied sensors, also to emerge a major driver of analog integrated circuits in biomedical applications field. Recent innovative trends involve integration of multiple application functions onto specific modules by embedding dynamic analog functionality on a single chip. Analog ICs’ use in LED lighting applications is gradually progressing owing to their power-efficient functions. LED lighting systems’ demand is growing as they provide more brightness and consume less power. LEDs are widely deployed in commercial, industrial, and domestic lighting solutions. LEDs are also favored in the automotive sector; consequently, the demand for power-efficient LEDs is leading to increasing applicability of analog ICs in these diodes.
Market fragmentation increases competition and restrains revenue, slowdown in the economy retards growth, and intense competition continues to abridge prices impacting revenues. Lack of product innovation in specific sectors is expected to hinder revenue growth. Discrete circuit preference over ICs owing to non-space constraints reduces revenues. This is foreseen to act as a major factor to hamper the analog integrated circuits market expansion. Physical and economic limits to sensor integration are anticipated to be a major challenge to analog integrated circuits industry.
The analog integrated circuits market can be segmented by category into application-specific and general purpose analog integrated circuits. Application-specific analog circuits are confined to function in stipulated domains such as consumer electronics, computing devices, automotive, and industrial domains. General purpose analog ICs, function in multiple domains such as amplifiers & comparators, voltage regulators, and data converters. Further, based on vertical sector applicability the analog ICs can be segregated into industrial, administrative, automotive, communications, and consumer electronic sectors. Automotive and industrial sectors are poised to emerge as major application sectors for analog ICs.
Europe is foreseen to emerge as a global analog integrated circuits market leader as several major automobile manufacturers have their production units in Europe. Use of analog ICs in avionic, infrastructural, and industrial applications would drive the analog integrated circuits market growth in North America. In Asia Pacific, China is anticipated to maintain a course of high growth on account of heaving rate of consumer electronics by the tech-savvy population. Automotive leaders such as Toyota, Volkswagen, Renault, Ford, and BMW have largely encouraged the analog integrated circuits market growth in Europe.
Analog IC’s vendor market can be bifurcated into merchant analog IC companies and small-scale analog IC fabrication companies. Merchant analog vendors deploy a specific set of strategies to lead the market such as, special product design skills, extensive breadth of product-sets, extensive worldwide distribution and support network, and competitive price. Smaller companies focus only on the specific product-domain they deal in. For example, Sitronix (LCD drivers), Silicon Mitus (power management), GMT (power management, audio, switches), Asia-Leadtrend (power management), Taiwan Semiconductor (voltage regulators, discretes, and opamps), and Richtek (LED drivers, power management) are some of the market players focusing on specific domains.
The global analog integrated circuits industry is expected to be dominated by few top players such as Analog Devices Inc., Texas Instruments Inc., STMicroelectronics NV, Infineon Technologies AG, and Qualcomm Inc.
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