Europe Analog IC Market Size (2024 - 2029)

Europe Analog IC Market Analysis

The Europe Analog IC Market size is estimated at USD 11.40 billion in 2024, and is expected to reach USD 14.98 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

The European countries have been experiencing increased demand for electric vehicles, clean energy, expanding data centers, 5G, and automated manufacturing, which requires electronic components, thus driving the market.

• The advent of IoT and changing consumer preferences toward purchasing various gadgets and wearables capable of operating and performing a plethora of functions with internet connectivity are also set to propel the growth of routers and modems in the market over the forecast period. Such changes in consumer preferences, coupled with the increasing adoption of routers and modems post the COVID-19 pandemic, are expected to fuel the demand for analog ICs.
• Such trends significantly contribute to the growth of the consumer electronics and computing device industry. This is evident because many consumer electronics and computing device manufacturers are reporting stable growth in the European region. For instance, Apple Inc., a leading provider of smartphones, tablets, and PCs, reported a net sales revenue of USD 95.12 million in 2022 from the European market. Compared to its regional income in 2016, the company revenue increased by USD 45.17 million.
• Another factor is Europe's push to be carbon neutral by 2050. The EU's European Green Deal, a set of policy directives unveiled in December 2019, pushed the demand for more advanced chips to achieve energy efficiency.
• According to GSMA, the number of IoT connections in the European region is also expected to reach 4.3 billion by 2025, which may support the market's growth in the region.
• Designing analog IC is a major challenge faced by leading manufacturers as design for various types of analog ICs is unpredictable due to various innovations and technological advancements in the devices. Managing the quality of the product while cost-effectively upgrading analog ICs is another challenge faced by market players.

Europe Analog IC Industry Segmentation

Analog IC was primarily designed using hand calculations and process kit parts before microprocessors and other software-dependent design tools were invented. It involves an output signal that follows a continuous input signal. Analog IC is used for designing linear regulators, active filters, oscillators, operational amplifiers, and phased-locked loops.

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 use. 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 study further analyzes the overall impact of COVID-19 on the ecosystem. The report's scope encompasses market sizing and forecast for segmentation by type and geography. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.