Consumer Analog Integrated Circuits Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 11.27 Billion |
| Market Size (2029) | USD 15.09 Billion |
| CAGR (2024 - 2029) | 6.01 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Consumer Analog Integrated Circuits Market Analysis
The Consumer Analog Integrated Circuits Market size is estimated at USD 11.27 billion in 2024, and is expected to reach USD 15.09 billion by 2029, growing at a CAGR of 6.01% during the forecast period (2024-2029).
- Analog integrated circuits deal with the design and analysis of modem analog circuits using integrated bipolar and field-effect transistor technologies. The analog integrated circuit (IC) operates over an entire range of continuous signal amplitude values, which are used for various functions that require variable output signals for radiofrequency and audio-frequency amplifiers.
- The proliferation of consumer electronics is driving the growth of analog integrated circuits in the consumer electronics industry. The increasing demand for consumer electronics, particularly smartphones, tablets, and wearables, is a significant driver of the analog IC market. As these devices become more prevalent, the need for efficient power management and signal processing capabilities provided by analog IC is surging.
- The increasing adoption of smartphones, feature phones, and tablets is driving the market’s growth. Analog ICs are utilized in various applications, including 3G and 4G radio base stations and batteries for portable devices. RFICs, or radio frequency integrated circuits, typically operate within the 3 kHz to 2.4 GHz frequency range, with some circuits being developed to function at approximately 1 THz (1 trillion hertz). These circuits are essential for cell phones and numerous wireless devices. As development continues, the analog IC market in this segment is expected to expand.
- The ongoing technological advancements in consumer electronics are enhancing the functionality and performance of devices. Innovations in areas such as audio and video processing, battery management, and sensor integration are heavily reliant on analog ICs. For instance, analog ICs are crucial for optimizing battery life and energy efficiency in portable devices.
- The integration of analog IP onto a complex silicon chip is a time-consuming process that is exacerbated by the variable quality of currently available analog IP products. Analog circuits are sensitive to their on-chip surroundings, so issues during integration and testing can lead to reliability problems during the manufacture and mass production of such chips. Finally, waiting until the end of analog IP delivery can both slow down chip planning work and mean that critical customer feedback is not available until it is too late.
- Geopolitical challenges, including the Russian invasion of Ukraine, competition between the United States and China, elections, and the war in Israel, significantly impact the global supply chain, especially in the case of critical raw materials vital for traditional industries, defense, high-tech sectors, aerospace, and green energy. The Russia-Ukraine war and economic slowdown caused significant disruptions in the semiconductor industry. The increased inflation and interest rates reduced consumer spending, hampered the industry’s demand, and led to slow growth in the analog integrated circuit market.
Consumer Analog Integrated Circuits Market Trends
General-purpose ICs Expected to Witness Significant Growth
- The rising penetration of smartphones, tablets, and other consumer electronics devices is a significant driver for general-purpose analog ICs. These devices require various analog components for functions such as audio amplification, signal conversion, and power management, leading to increased demand for general-purpose ICs across the consumer electronics sector.
- Smartphones have become an irreplaceable commodity as every task in some way or another is related to these devices. These smartphones are becoming more powerful each day to cater to increasing dependency. Consumers use a variety of applications that use different sensors and processing power from these devices. All these processes require a power source to operate, which is a battery in the case of mobile devices.
- These batteries must be charged from time to time to keep the processes up and running. Hence, longer battery life is another important criterion when selecting a smartphone. Technology related to battery-life optimization has not developed at the same pace as other verticals in the smartphone industry. Designing efficient power management units and power-efficient integrated circuits is a feasible solution. Studies have revealed that internet usage constitutes about 62% of the power consumption in an idle state. Moreover, 3G/4G consumes more battery than Wi-Fi when small packets of data are exchanged frequently.
- PMICs enable the 5G revolution and optimize power efficiency for advanced mobile experiences. The widespread adoption of 5G connectivity and the increasing demand for highly efficient power management solutions boost the need for PMICs. With the introduction of 5G technology, smartphones demand smarter and more efficient power management ICs to meet their intricate power requirements.
- Ericsson reports that global smartphone mobile network subscriptions nearly reached seven billion in 2023, with expectations to surpass 7.7 billion by 2028. China, India, and the United States lead in the number of smartphone mobile network subscriptions.
United States Expected to Hold Largest Market Share
- The United States holds a prominent position in the semiconductor industry and houses numerous primary analog IC manufacturers. This region commands a substantial market share owing to the widespread use of advanced electronic devices, the presence of leading technology firms, and the need for energy-efficient solutions across diverse industries. As per SIA, American semiconductor companies lead the global industry in chip design, with the United States contributing over 45% of the worldwide design workforce. Such capabilities are expected to create several opportunities for the market studied.
- The expanding consumer electronics industry in the region significantly drives market growth. Furthermore, emerging technologies like the Internet of Things (IoT) have spurred a new wave of innovation in the semiconductor industry. An increasing number of electronic devices, ranging from laptops to thermostats, are becoming connected each year in the region, allowing for more sophisticated communication and coordination between them and their users.
- The incorporation of health and fitness tracking features, such as sleep tracking, heart rate monitoring, and step counting, has appealed to health-conscious consumers, driving the adoption of this technology. The use of smartwatches aids in sharing health data with professionals and alerting emergency services in times of need because of an increase in the home healthcare approach among consumers.
- As per the Consumer Technology Association, based on the projected retail sales for 2024, consumer electronics retail sales in the United States will reach USD 512 billion. OLED TVs are forecast to generate USD 2.3 billion in revenue in 2023.
Consumer Analog Integrated Circuits Industry Overview
The consumer analog integrated circuit market is consolidated and features key players like Infineon Technologies AG, Microchip Technology, Analog Devices Inc., and STMicroelectronics NV, among others. Market participants strategically leverage partnerships and acquisitions to bolster their product portfolios and establish a sustainable competitive edge.
- April 2024: Advanced Micro Devices Inc. and Nvidia Corp. announced the launching of new processors for AI PCs. AMD unveiled a pair of new central processing units optimized for AI PCs to take on rivals such as Nvidia and Intel Corp., which both offer a range of silicon chips with embedded AI processing capabilities. According to AMD, the new chips will extend its leadership in AI PCs. They leverage a combination of CPUs, GPUs, and dedicated on-chip neural processing units or NPUs to provide dedicated AI processing power that is said to exceed the company’s earlier generation Ryzen chips. Nvidia also announced the launch of two new graphics processing units in its RTX family of Ampere-based desktop GPUs.
- April 2024: Triad Semiconductor Inc., a manufacturer of analog mixed-signal integrated circuit designs, announced the opening of its new design center located in Pocatello, Idaho. Nestled within The Sterling Building at 353 North Fourth Avenue, the facility began operations in early April, marking a significant stride in Triad’s ongoing pursuit of growth and cutting-edge innovation in the field of analog and mixed-signal engineering.
Consumer Analog Integrated Circuits Market Leaders
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Analog Devices Inc.
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Infineon Technologies AG
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Microchip Technology Inc.
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NXP Semiconductors NV
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ON Semiconductor
*Disclaimer: Major Players sorted in no particular order
Consumer Analog Integrated Circuits Market News
- June 2024: Asahi Kasei Microdevices launched a new line of integrated circuits (ICs) offering advanced capabilities in a more compact package than previous solutions. The CQ36 series of digital output coreless current sensor ICs caters to the growing robotics market. The series features a built-in Delta-Sigma (ΔΣ) modulator, enabling the IC to replace traditional shunt resistors and isolated analog-to-digital converters (ADCs) in a single package.
- February 2024: Analog Devices announced its partnership with TSMC, which is one of the leading semiconductor manufacturers, to advance Analog's future wafer capacity by leveraging Japan Advanced Semiconductor Manufacturing (JASM), which is TSMC’s majority-owned manufacturing subsidiary.
Consumer Analog Integrated Circuits Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Penetration of Smartphones, Tablets and Consumer Electronics
5.1.2 Rising Capital Spending by Fabs to Increase Production Capacities
5.2 Market Restraint
5.2.1 Increasing Design Complexity of Analog IC
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 General-purpose IC
6.1.1.1 Interface
6.1.1.2 Power Management
6.1.1.3 Signal Conversion
6.1.1.4 Amplifiers/Comparators (Signal Conditioning)
6.1.2 Application-specific IC
6.1.2.1 Audio/Video
6.1.2.2 Digital Still Camera and Camcorder
6.1.2.3 Other Consumer
6.2 By Geography***
6.2.1 United States
6.2.2 Europe
6.2.3 Japan
6.2.4 China
6.2.5 South Korea
6.2.6 Taiwan
6.2.7 Latin America
6.2.8 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Analog Devices Inc.
7.1.2 Infineon Technologies AG
7.1.3 Microchip Technology Inc.
7.1.4 NXP Semiconductors NV
7.1.5 ON Semiconductor
7.1.6 Richtek Technology Corporation (MediaTek Inc.)
7.1.7 Skyworks Solutions Inc.
7.1.8 STMicroelectronics NV
7.1.9 Renesas Electronics Corporation
7.1.10 Texas Instruments Inc.
7.1.11 Qorvo Inc.
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Consumer Analog Integrated Circuits Industry Segmentation
Analog ICs are electronic circuits that process analog signals that vary smoothly over time. Unlike digital ICs that deal with discrete values, analog ICs handle signals that represent real-world phenomena such as temperature, light, sound, and voltage. For market estimation, the revenue generated from sales of analog integrated circuits used in the consumer industry worldwide is being tracked. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The consumer analog integrated circuits market is segmented by type (general-purpose IC (interface, power management, signal conversion, amplifiers/comparators), application specific (audio/video, digital still camera and camcorder), and geography (United States, Europe, Japan, China, South Korea, Taiwan, Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
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| By Geography*** | |
| United States | |
| Europe | |
| Japan | |
| China | |
| South Korea | |
| Taiwan | |
| Latin America | |
| Middle East and Africa |
Consumer Analog Integrated Circuits Market Research FAQs
How big is the Consumer Analog Integrated Circuits Market?
The Consumer Analog Integrated Circuits Market size is expected to reach USD 11.27 billion in 2024 and grow at a CAGR of 6.01% to reach USD 15.09 billion by 2029.
What is the current Consumer Analog Integrated Circuits Market size?
In 2024, the Consumer Analog Integrated Circuits Market size is expected to reach USD 11.27 billion.
Who are the key players in Consumer Analog Integrated Circuits Market?
Analog Devices Inc., Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors NV and ON Semiconductor are the major companies operating in the Consumer Analog Integrated Circuits Market.
Which is the fastest growing region in Consumer Analog Integrated Circuits Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Consumer Analog Integrated Circuits Market?
In 2024, the Asia Pacific accounts for the largest market share in Consumer Analog Integrated Circuits Market.
What years does this Consumer Analog Integrated Circuits Market cover, and what was the market size in 2023?
In 2023, the Consumer Analog Integrated Circuits Market size was estimated at USD 10.59 billion. The report covers the Consumer Analog Integrated Circuits Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Consumer Analog Integrated Circuits Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Consumer Analog Integrated Circuits Industry Report
Statistics for the 2024 Consumer Analog Integrated Circuits market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Consumer Analog Integrated Circuits analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Consumer Analog Integrated Circuits Market Report Snapshots
