ANALOG IC MARKET ANALYSIS
Global Analog IC Market: Regional Insights
In 2022, Asia Pacific had the highest market share of 44.1% and is predicted to maintain its leading position in the market for the foreseeable future. Meanwhile, in the same year, the demand for analog Integrated Circuits (ICs) in North America accounted for 25.3% of the global market.
From 2023 to 2030, North America is also projected to experience significant growth, with a notable compound annual growth rate (CAGR). The growing utilization of electronics in various aspects such as fuel efficiency, safety, emission reduction, navigation, and entertainment systems has resulted in a higher demand for analog integrated circuits. This can be attributed to the widespread adoption of semiconductor devices in automotive systems. Moreover, the automation systems of leading fully autonomous vehicles are further amplifying the overall integration of integrated circuits in each vehicle.
Analog Ic Market Report Snapshots
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