ANALOG IC MARKET ANALYSIS

Analog Ic MarketSize and Trends

Global Analog IC market is estimated to be valued at US$ 120 Bn by 2030.

Global Analog IC Market- Trends

The sluggish growth of the global economy has impeded the progress of the semiconductor industry.

The growth of the global semiconductor market is closely tied to the state of the global economy. This means that strong growth in the semiconductor market cannot occur without robust economic growth worldwide. Recently, many local economies in various parts of the world have experienced significant slowdowns. In 2016, China, a leader in consumer electronics such as personal computers, smartphones, digital TVs, aircraft, and automobiles, lost its economic momentum, according to Coherent Market Insight's analysis. Additionally, the worldwide economy is expected to be negatively impacted by the Brexit vote in the near future. However, at present, since the United Kingdom is unlikely to officially leave the European Union (EU) for several more years, the main negative effect on economic growth is the uncertainty surrounding the entire situation.

The demand for analog integrated circuits (IC) is anticipated to increase in the coming years due to technological advancements aimed at creating innovative products.

Major companies in the market are concentrating their efforts on research and development endeavors to create innovative products that can meet the increasing demand. As an example, in September 2016, Texas Instruments Inc. introduced an advanced wireless microcontroller with ultra-low power consumption. This microcontroller supports both Sub-1 GHz and Bluetooth low energy connectivity on a single chip, enabling developers to transition from a complex three-chip solution to a compact single chip. This transition reduces design complications, saves power, cuts costs, and requires less board space. Additionally, in April 2016, Technologies A.G.'s OPTIGA TPM chips were chosen to be integrated into Lenovo's ThinkPad notebooks. This decision was made to address the security risks associated with connectivity and networking, enhancing protection against potential hacker attacks.