Global Analog Integrated Circuits (ICs) Market is Set for a Rapid Growth and is Expected to Reach around USD 68.97 Billion by 2022

Sarasota, FL -- (SBWire) -- 09/07/2018 --Zion Market Research has published a new report titled "Analog integrated circuits Market by Product Type (General Purpose ICs, Application-Specific ICs and other) for Consumer Electronics, Automotive, IT & Telecommunications, Medical & Healthcare and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022''. According to the report, global analog integrated circuits market was valued at around USD 48.90 billion in 2016 and is expected to reach approximately USD 68.97 billion in 2022, growing at a CAGR of slightly above 5.9% between 2017 and 2022.

Analog ICs are used for numerous functions that need variable output signal for radio-frequency and audio-frequency amplifiers. The predominantly used linear IC is an operational amplifier, which is made up of the conventional analog circuit consisting of resistors, transistors, and diodes. The interconnected components of analog IC work over a continuous range of input signals as compared to their counterpart digital circuits having only two levels of input and output voltages called binary signals. This circuit processes, receive and generate various levels of energy output during the operation of the device.

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Increased adoption of smartphones, vehicle automation, demand for portable and energy-efficient medical equipment in the healthcare sector are driving the growth of analog integrated circuits market. However, short product life cycle, increasing, design complexity of analog ICs, miniaturization and supply-demand imbalance of analog ICs are restraining market growth. Moreover, with the emanation of new technologies and the growing demand for efficient devices, the market growth of analog ICs will have a positive outlook until the end of 2022.

Analog ICs market is segmented on the basis of types, environment, application, and region. Type-based segmentation includes general purpose ICs and application-specific ICs. General purpose ICs are accounted for around 41% revenue share in 2016 and the report has projected that by 2024, revenues of app-specific IC products and services will be moving towards the USD 52 billion yardstick. Analog ICs market environment is further bifurcated to merchant IC and small-scale IC fabrication companies. Application wise market is subdivided into consumer electronics, automotive, IT & telecommunication, medical & healthcare. In terms of revenue, the automotive application segment is estimated to register a CAGR of around 7.7% during the forecast period. Geographically analog ICs market has been divided into five regions North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

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The major players operating in analog integrated circuits market are STMicroelectronics NV, Analog Devices Inc., Richtek Technology Corporation, Maxim Integrated Products Inc., Texas Instruments Inc., Qualcomm Inc., Infineon Technologies AG, Global Mixed-mode Technology Inc., Taiwan Semiconductor and others. Texas Instruments, Inc. is observed to be the major manufacturer of analog IC products in the world. Along with Infineon Technologies AG, Analog Devices Inc., STMicroelectronics NV, and Skywork Solutions, Inc., will account for around 40% share of global analog IC market revenues by 2024.

Analog Integrated Circuits ICs Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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