Press release
Growing End-use Adoption to Fuel Sales of Analog Ics Market During the Forecast Period
Texas Instruments, Inc. is being observed as the largest manufacturer of analog IC products in the world. Along with Infineon Technologies AG, STMicroelectronics NV, Analog Devices Inc., and Skywork Solutions, Inc., these companies will continue to communally account for 40% share of global analog IC market revenues through 2024. NXP Semiconductors NV is also known for offering performance-based analog IC products. US-based ON Semiconductor Corporation is also a leading player in the global analog IC market, owing to its credibility for catering to applications such as power management and logic & timing. Qualcomm Technologies, Inc., Maxim Integrated Products, Inc., and Renesas Electronics Corporation are also prominent manufacturers of analog IC products, profiled in this report.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/4799
Asia-Pacific – Fastest-Growing Analog IC Market
In terms of regional growth, global analog IC market will witness utmost dominance from Asia-Pacific (APAC) countries. By the end of 2024, revenue from every other analog IC product that will be sold in the world will be accounted by the APAC region. In the projected period, the APAC analog IC market is anticipated to surpass US$ 40 billion valuation. North America will be the second-most dominant region, but is likely to incur revenue growth at less than 5% CAGR. In 2017 & beyond, Latin America, Europe and the Middle East & Africa will collectively account for less than 25% of global analog IC revenues.
General purpose IC products & services are presently in demand from multiple industrial verticals. With time, analog IC will be designed according to the application it serves. While general purpose IC products accounted for 40% revenue share in 2016, global analog IC revenues emanating from sales of such products are ordained to experience decline. Corresponding to the dip in sales of general purpose IC products, industrial demands for analog IC products will be veering towards application-specific IC products. The report has projected that by 2024-end, revenues originating from global sales of app-specific IC products & services will be moving towards the US$ 50 billion yardstick. Soaring at nearly 7% CAGR, application-specific IC products will be accounting over 60% value share of global analog IC market by the end of assessment period.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/4799
Higher Demand for Analog IC in Automotive Applications
Application of analog IC products will continue to spanned across industries such as communications, healthcare, manufacturing, consumer electronics, and automotive, among others. Analog IC products are gaining adoption in communication industry by playing an integral role in multiple device connectivity. Considering higher use of analog IC products in production of multimedia devices, global consumer electronics industry is projected to account for more than one-third of global market revenues over the forecast period. Key findings from the report indicate that automotive applications of analog IC products are expected to gain traction. Throughout the projection tenure, automotive applications are estimated to account for global revenues worth over US$ 12 billion
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing End-use Adoption to Fuel Sales of Analog Ics Market During the Forecast Period here
News-ID: 1542937 • Views: …
More Releases for Persistence
Persistence Innovation To Replenish The Security Analytics Market
Security Analytics Market 2022-2031
New Study Reports "Security Analytics Market 2022 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2031" has been Added on PMR.
Market Overview
In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of…
Persistence Innovation To Replenish The Guacamole Market
The global guacamole market is set to rise at a CAGR of around 7% through 2031, to be valued at US$ 2.3 Bn, with demand for organic guacamole rising faster across geographies. Rising awareness about environmentally stable cultivation practices and the need for natural and nutritious foods are steadily creating demand for organic-labeled foods. Guacamole is no exception to this, even though the market share is less as compared to…
Persistence Innovation To Replenish The Bulgur Market
Persistence Market Research has analyzed various facts associated with bulgur market from a global standpoint and has skilfully presented them in its new research publication titled "Bulgur Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)". The comprehensive research report on bulgur market covers several trends, opportunities, drivers as well as challenges or restraints that have a direct influence on the growth of the global market for bulgur. All these…
Persistence Innovation To Replenish The Emulsifiers Market
The demand for processed food has increased owing to the rise in urbanization, this is thus driving the demand for various food ingredients. An emulsifier with one oil-friendly and one water-friendly end is known to improve the appearance of the food. Emulsifier manufacturers are witnessing increased demand from the food industry, in order to preserve taste, offer safety and maintain the texture of the processed foods. Increasing number of food…
Persistence Innovation To Replenish The Foodservice Packaging Market
A gradual shift from the tradition of cooking food at home toward buying ready-to-eat food has increased the rate of online food ordering, globally. Foodservice packaging processes require much less energy, owing to the recycled material used for manufacturing. Studies have concluded that packed solutions come at a low price and occupy 35% less space in any retail sector. Furthermore, packaging solutions come with various striking graphics, which, in turn,…
Persistence Innovation To Replenish The Banana Flour Market
Celiac disease is a chronic digestive disorder that originates from a reaction to gliadin, a gluten protein found in wheat, barley, rye, and oats. It results in inflammation and destruction of the inner lining of the small intestine, and can also lead to malabsorption of minerals and nutrients. A gluten-free diet helps in the treatment of celiac disease. With a growing market for gluten-free foods and ingredients, proliferation of new…
