China Analog IC Market Size (2024 - 2029)

China Analog IC Market Analysis

The China Analog IC Market size is estimated at USD 40.61 billion in 2024, and is expected to reach USD 60.56 billion by 2029, growing at a CAGR of 8.32% during the forecast period (2024-2029).

The rising cloud adoption, increasing availability of high-speed connectivity, and growing adoption of IoT devices have propelled the demand for analog IC in China.

• The growing urbanization and increasing population growth rate in China have significantly driven the demand for analog IC. According to the National Bureau of Statistics of China, about 64.72% of the population stays in urban areas, which the government plans to take beyond 65% by 2025. This factor is driving investment in smart cities, buildings, electronics, and advanced solutions, further leveraging the demand for the analog IC market.
• The country is also among the largest manufacturers and consumers of consumer electronic products. According to the data provided by China Customs, China exported approximately USD 3.36 trillion worth of goods in 2021, reporting a growth export value of about 30% compared to the previous year. As consumer electronics and other electrical products constitute a significant portion of the export value, the studied market is expected to witness sustained growth in the country.
• According to the National Bureau of Statistics of China, the total retail sale of consumer goods in the country increased from CNY 39.2(USD 5.41) trillion to CNY 44.1 (USD 6.08) trillion. Such trends also create a favorable market scenario for the growth of the market in China.
• The leading semiconductor manufacturers in the country are also taking the initiative to expand their footprint in the analog IC industry. For instance, in September 2022, Semiconductor Manufacturing International Corporation (SMIC) announced the official inauguration of Ningbo Semiconductor International Corporation, jointly established by China IC Capital (a wholly owned investment fund of SMIC), Hua Capital, and Ningbo SensonElectronics. The joint venture will focus on developing analog and specialty semiconductor technology platforms in high-voltage analog, optoelectronics, and radio frequency.
• The demand for analog IC in China will likely be hampered during the forecast period due to the increasing design complexity of analog IC. Analog design is more difficult than digital. It requires more knowledge and factors to consider, such as a deep understanding of efficient power, precision measurement, wireless connectivity, and reliable circuit protection, further impacting the market's growth.

China Analog IC Industry Segmentation

An analog IC is an essential component in most electronic devices. It involves an output signal that follows a continuous input signal. It is used when there is a need for higher power applications and wideband signals and typically enjoys a far longer useful life than digital devices.

The market study comprises two types, such as general-purpose IC and application-specific IC, providing end-user solutions for consumer electronics, automotive, communication, and industrial. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, supporting the market estimations and growth rates over the forecast period. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.