Thanks to IoT technology, the global analog integrated circuits market to reach $59 billion by 2020, says Technavio

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This market research report includes a detailed segmentation of the global analog integrated circuit (IC) market by end users (communication, consumer electronics, automotive, computer hardware, industrial, and others) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are Analog Devices, Infineon, STMicroelectronics, Skyworks Solutions, and Texas Instruments.

Technavio’s market research analysts estimate the global analog integrated circuits market, to grow at a CAGR of over 6% between 2016 and 2020. The demand for analog integrated circuits is increasing considerably owing to the increased pace of new product development, declining cost per function of ICs and their increasing functionality, and the shortened product replacement. APAC occupies 69% of the analog integrated circuits market, primarily due to the presence of major semiconductor and consumer electronics companies in the region.

The new market research report from Technavio provides a breakdown and analysis of the analog integrated circuits segments by technology.

“Emergence and proliferation of internet-of-things (IoT) is one of the latest trends gaining traction in this market. IoT requires analog ICs for efficient power consumption and signal processing needs to create an ecosystem of automated devices. Consequently, with the emergence of new technologies and the growing demand for efficient devices, the global market for analog integrated circuits will have a positive outlook until the end of 2020,” says Asif Ghani, Hardware & Semiconductor, Technavio Research

Communication is the largest end-user segment of analog integrated circuits, accounting for 33% of the total market share. The proliferation of mobile devices like smartphones and tablets will aid in the growth of this market segment. Furthermore, factors such as the anticipated fall in the ASP of these devices will fuel the prospects for growth in this market segment until the end of 2020.

Global analog IC market in communications 2015-2020

Source: Technavio, 2016

The leading vendors in the global analog integrated circuits market include Analog Devices, Infineon, STMicroelectronics, Skyworks Solutions, and Texas Instruments. This market is highly concentrated due to the presence of numerous prominent vendors. The providers in this market compete on the basis of product price, quality, reputation, and distribution. The high level of vendor competition has led to an increased number of mergers and acquisitions, wherein smaller entities are being acquired by or are being merged with, major players.

A more detailed analysis is available in the Technavio report, Global Analog Integrated Circuits Market 2016-2020.

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