General-Purpose Analog Integrated Circuit (IC) Market Report 2024

The general-purpose analog integrated circuit (IC) market size has grown strongly in recent years. It will grow from $28.66 billion in 2023 to $30.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth during the historic period can be attributed to several factors, including increasing demand in consumer electronics, advancements in automotive electronics, growth in industrial automation, rising adoption of IoT devices, expansion of wireless communication infrastructure, a need for efficient power management solutions, and continuous innovation in healthcare electronics.

The general-purpose analog integrated circuit (IC) market size is expected to see strong growth in the next few years. It will grow to $38.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth during the forecast period can be attributed to several factors, including advancements in automotive electronics, growing demand for consumer electronics, increasing industrial automation, rising adoption of IoT devices, expansion of telecommunications infrastructure, development of renewable energy solutions, and advancements in healthcare technologies. Major trends expected during this period include increased integration with AI applications, a higher demand for power-efficient designs, continued growth in automotive electronics, expanded IoT connectivity, advancements in sensor technologies, a shift towards miniaturization, and a heightened focus on cybersecurity features.

The rise in automation within the automotive industry is expected to drive growth in the general-purpose analog integrated circuits (ICs) market. Automation in this sector involves using advanced technologies and robotics to perform tasks traditionally handled by human operators, with the goal of improving efficiency, safety, and production capabilities. As artificial intelligence, machine learning, and robotics advance, the automotive industry benefits from higher precision, faster production rates, reduced labor costs, and enhanced vehicle quality and durability. General-purpose analog ICs play a crucial role in this automation by handling tasks such as processing sensor signals, managing power distribution, and controlling automated systems such as autonomous driving, adaptive cruise control, and advanced driver assistance systems (ADAS). For example, the International Federation of Robotics reported in July 2023 that global robot installations in the automotive sector rose from 84,000 units in 2020 to 119,000 units in 2021, with industrial robots making up 42% of this total. Thus, the growth of automation in the automotive industry is fueling the expansion of the general-purpose analog IC market.

Companies in the general-purpose analog IC market are focusing on developing advanced ICs, such as low-dropout (LDO) voltage regulators, to reduce power consumption and extend operational lifespan. LDO voltage regulators are linear regulators that maintain a stable output voltage with a minimal voltage drop between input and output, making them suitable for applications requiring precise voltage regulation, such as portable electronics and low-power devices. For instance, Nisshinbo Micro Devices Inc., a Japanese semiconductor company, introduced the NR1600 series in January 2023. These regulators are designed for consistent output voltages with minimal dropout, featuring configurable output voltage settings, soft-start time adjustments, power-good monitoring, and various trim packaging options to cater to different application needs.

In September 2021, Analog Devices Inc., a US-based semiconductor manufacturing firm, acquired Maxim Integrated for $20.8 billion. This acquisition aims to enhance Analog Devices' analog and mixed-signal portfolio, strengthening its market position across critical industries, including communications, automotive, and industrial applications. Maxim Integrated, a US-based company, designs and manufactures analog and mixed-signal ICs, including general-purpose ICs such as fixed LDO voltage regulators.

Major companies operating in the general-purpose analog integrated circuit (IC) market are Panasonic Corporation, Broadcom Inc., Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation (ON semi), Microchip Technology Incorporated, Skyworks Solutions Inc., ROHM Co. Ltd., Vishay Intertechnology Inc., Nexperia B.V., Diodes Incorporated, Sanken Electric Co. Ltd., MaxLinear Inc., Semtech Corporation, Exar Corporation, Toshiba Electronic Devices & Storage Corporation.

North America was the largest region in the general-purpose analog integrated circuit (IC) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the general-purpose analog integrated circuit (IC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the general-purpose analog integrated circuit (IC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

General-purpose analog integrated circuits (ICs) are versatile electronic components that manage analog signals in a broad range of devices without specific constraints. They are used for tasks such as amplifying, filtering, and converting signals in both consumer and industrial electronics.

The main types of general-purpose analog ICs include general-purpose components and application-specific analog ICs. General-purpose components are adaptable ICs designed to perform a wide variety of functions across different applications without needing specific customizations. These ICs are used in applications such as interfaces, power management, signal conversion, and amplifiers or comparators. They serve various industry sectors, including consumer electronics, telecom and communication, automotive, and healthcare.

The general-purpose analog integrated circuits (ICs) market research report is one of a series of new reports that provides general-purpose analog integrated circuits (ICs) market statistics, including general-purpose analog integrated circuits (ICs) industry global market size, regional shares, competitors with a general-purpose analog integrated circuits (ICs) market share, detailed general-purpose analog integrated circuits (ICs) market segments, market trends and opportunities, and any further data you may need to thrive in the general-purpose analog integrated circuits (ICs) industry. This general-purpose analog integrated circuits (ICs) market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The general-purpose analog integrated circuits (ICs) market consists of sales of fixed linear voltage regulators, fixed low dropout regulators, comparators, and operational amplifiers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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