Analog ICs are integral electronic components that process real-world continuous signals like sound, power, temperature and speed for a variety of electronic devices. They play a vital role in signal processing and converting analog signals into digital signals. With the proliferation of IoT devices and advances in autonomous vehicles, medical devices and additive manufacturing, the demand for Analog ICs has surged significantly.
Market key trends: The rising adoption of Analog ICs across different industries like consumer electronics, healthcare, industrial and automotive is the major trend fueling the growth of the Analog IC market. Analog ICs find wide usage in infotainment systems, navigation control units, battery management systems and ADAS in automotive. In industrial applications, they are used in motor drives, generators, power supplies and networking equipment. Furthermore, increasing penetration of IoT and emergence of autonomous vehicles requiring precise signal processing is also driving the demand of high-performance Analog ICs during the forecast period.
Segment Analysis
The global analog IC market is dominated by the operational amplifier sub-segment. Operational amplifiers are an integral part of numerous industrial and consumer electronics circuits such as filters, amplifiers and signal processors. They act as a building block for many electronics circuits and hence demand for operational amplifiers is consistently high across various end-use industries. This ensures the dominance of the operational amplifier sub-segment in the analog IC market.
Key Takeaways
Global Analog IC Market Size is expected to witness high growth. APAC is expected to be the fastest growing region for the analog IC market during the forecast period. Strong electronic ecosystem, low-cost manufacturing, and growing presence of key analog IC manufacturers in the region are factors driving the market growth.
Regional analysis: The analog IC market in the APAC region is expected to grow at a high CAGR during the forecast period. This can be attributed to the strong presence of consumer electronics and automotive manufacturers in countries such as China, Japan, South Korea and India. APAC is a major hub for low-cost electronic manufacturing and it houses headquarters of many analog IC manufacturers such as Texas Instruments and Analog Devices. These factors ensure robust demand for analog ICs from the industrial and consumer goods sector.
Key players operating in the analog IC market are Illumina, Inc., Thermo Fisher Scientific, Inc., Qiagen N.V., F. Hoffmann-La Roche Ltd., Foundation Medicine, Inc. (Roche), Invitae Corporation, NeoGenomics Laboratories, Inc., Myriad Genetics, Inc., Genomic Health, Inc. (Exact Sciences Corporation), Caris Life Sciences, ArcherDX, Inc. (Invitae Corporation), Guardant Health, Inc., Personal Genome Diagnostics Inc., Biocept, Inc., Tempus Labs, Inc.
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