Global Analog IC market was valued at US$ 67.5 Bn in 2022. Global Analog IC market is expected to grow investments in 5G networks have significantly increased data transfer speeds and resulted in high internet penetration. For instance, as per GSMA, by 2025, 5G networks will likely cover one-third of the global population. In the 5G wireless cellular networks, smartphone battery efficiency, and optimal power utilization have emerged as important factors contributing to the growth of analog ICs for power management.
Global Analog IC Market: Drivers
Rising Penetration of Smartphones, Feature phones and Tablets Driving the Market Growth
Mobile devices such as smartphones and tablets have two significant restrictions from the design standpoint: thermal dissipation and battery power supply. Thermal dissipation restricts the power consumption of AP (Application Processor), which limits computational performance. Battery usage time is also determined by the power consumption of the mobile device. Due to these reasons, power management to improve electric power usage efficiency is a crucial part of mobile product design. For efficient power management, power management ICs (PMICs) are used. Many PMICs often incorporate analog IC components.
For instance, On May 26, 2023, The Global Analog Integrated Circuit (IC) Market Report for the years 2022-2023 and 2030 emphasizes its concentration on various sectors, including automotive, personal computing, consumer electronics, smartphones, communication infrastructure, and data centers.
Global Analog IC Market: Opportunities
The Analog Revolution: Empowering the Internet of Things (IoT) Through Connectivity, Sensors, and Data Acquisition"
In today's interconnected world, the Internet of Things (IoT) has emerged as a transformative force, revolutionizing the way we live, work, and interact with technology. The rapid proliferation of IoT devices across diverse sectors such as smart homes, industrial automation, healthcare, and transportation has opened up a plethora of opportunities.
Global Analog IC Market: Restraints
"Navigating Design Challenges in Analog ICs: Overcoming Complexity for Enhanced Performance"
Designing analog ICs requires a deep understanding of analog circuitry, noise analysis, and signal integrity. Analog designs are susceptible to various noise sources and signal degradation issues, making them more challenging to design and troubleshoot compared to digital ICs. These design complexities can lead to longer design cycles and increased development costs.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/analog-ic-market-3344
Key Takeaways:
Global Analog IC market was valued at US$ 67.5 Bn in 2022 and is estimated to reach a value of US$ 120 Bn by 2030 at a CAGR of 7.5% between 2023 and 2030.
Cable STB segment held dominant position in the Global Analog IC market in 2022, accounting for 6.10% share in terms of value, owing to increasing approvals and launch of new products.
Global Analog IC Market: Trends
The Role of Power Management ICs (PMICs) with Analog IC Integration"
From a design perspective, mobile devices like smartphones and tablets face two main limitations: thermal dissipation and battery power supply. Thermal dissipation restricts the power consumption of the Application Processor (AP), leading to limitations in computational performance. Additionally, the battery usage time of the mobile device depends on its power consumption. As a result, optimizing power management to improve electric power usage efficiency is essential in mobile product design. To achieve efficient power management, power management ICs (PMICs) are employed, which often integrate analog IC components.
Global Analog IC Market: Competitive Landscape
Key market player includes Texas Instruments Incorporated, Renesas Corporation, Infineon Technologies AG, Qualcomm Technologies, Inc., NXP Semiconductors, ON Semiconductor, STMicroelectronics, Skyworks Solutions, Inc., Analog Devices, Inc., and Maxim Integrated Products Inc.
Global Analog IC Market: Recent Developments
For instance, in July 2023, the power management integrated circuit (PMIC) market has experienced notable expansion due to the rising demand for energy-efficient devices and the widespread adoption of these circuits. PMICs are electronic components designed to regulate and manage power supply in diverse electronic systems, promoting efficient power consumption and prolonging battery life.
In July, 2023, with the increasing focus on sustainability and environmental conservation, consumers and businesses are seeking energy-efficient solutions to reduce power consumption. PMICs play a crucial role in optimizing power usage in electronic devices and reducing energy waste. This has to a growing demand for PMICs in smartphones, tablets, wearable devices, and other portable electronics.
