TechNavio recognizes the following companies as the key players in Global Analog IC Market: Analog Devices Inc., Infineon Technologies AG, Qualcomm Inc., STMicroelectronics NV, and Texas Instruments Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Analog ICs are being increasingly used in LED lighting applications because of their power-efficient functions. The demand for LED lighting systems is growing as they consume less power and provide more brightness. LEDs are widely deployed in industrial, commercial and household lighting solutions. LEDs are also preferred in the Automotive sector. Thus, the demand for power-efficient LEDs is leading to increasing usage of analog ICs in these diodes.”
According to the report, the growth of the Global Analog IC market is driven by several factors, including the need for smart power management in electronic products. Analog ICs are the perfect solution for smart power management in electronic products as they help electronic products consume less power while maintaining their functionality.
Further, the report states that the growth of the Global Analog IC market is limited by some serious challenges such as the demand and supply imbalance of analog ICs. The Global Analog IC market is witnessing a cyclic nature of demand where the demand will be high for a few years and then low for the next few years, leading to an imbalance in demand and supply.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-analog-ic-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Global Analog IC Market 2014-2018
