With the presence of a large pool of participants, the global analog integrated circuits market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). STMicroelectronics NV, Infineon Technologies AG, Skywork Solutions Incorporation, and Analog Devices Incorporation are some of the key vendors of analog integrated circuits across the world. These players across analog integrated circuits market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the analog integrated circuits market study.
In a major boost to analog integrated circuits industry, in August 2018, Foxconn Technology Group decided to team up with Chinese city Zhuhai to jointly construct a factory in Pearl River Delta. Individuals well-acquainted with the deal stated that Foxconn is entering a new product spectrum of semiconductors by collaborating with regional government. Reportedly, city of Zhuhai declared on its website that they will jointly work to design chip & semiconductor device. Analysts claim that the project will assist Foxconn to fulfill the escalating demand for integrated circuits that find wide applications in industrial internet.
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As estimated in this report, the global analog integrated circuits market stood at US$ 48.90 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this analog integrated circuits market is expected to reach US$ 68.97 billion by the end of the forecast period. The main types available in this analog integrated circuits market are application-specific integrated circuits and general-purpose integrated circuits. Among them, the demand for general-purpose integrated circuits is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
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Rising Preference For Automation In Telecom & Automobiles To Expand Market
“Large-scale acceptance of smartphones and vehicle automation is expected to proliferate the expansion of analog integrated circuits market in the coming years,” says the author of this study. Apart from this, enhanced demand for portable & power conserving medical device across the healthcare sector is likely to help analog integrated circuits market flourish over the years ahead.
Short product life cycle, design complexity, miniaturization, and fluctuations in demand & supply of products are anticipated to hinder the amplification of analog integrated circuits market in the ensuing years. Nonetheless, inception of new technologies along with high need for effective equipment will favorably leverage the growth of analog integrated circuits market in the upcoming years. This is going to normalize the impact of hindrances on the analog integrated circuits market, reports the study.
Immense Product Popularity To Support APAC’s Regional Dominance
Regionally, Asia Pacific has been leading the worldwide analog integrated circuits market and is anticipated to continue on the dominant position in the years to come, states the analog integrated circuits market study. The enlarged presence of electronic parts manufacturers and rise in the tech-savvy customer base is the main factor behind the dominance of the Asia Pacific analog integrated circuits market. The high number of market players being headquartered in Asia Pacific is another significant factor that is supporting this regional analog integrated circuits market.
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The global analog integrated circuits market is segmented as follows:
- General purpose ICs
- Application-specific ICs
- Merchant IC fabrication companies
- Small-scale IC fabrication companies
- Consumer electronics
- IT & telecommunications
- Medical & healthcare
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
This review is based on a report by Zion Market Research, titled “Analog Integrated Circuits Market for Consumer Electronics, Automotive, IT & Telecommunications, Medical & Healthcare and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022.”- Report at http://www.zionmarketresearch.com/report/analog-integrated-circuits-ics-market