Analog IC Market Is Expected To Witness CAGR Of 6.8% During The Forecast Period (2019-2027)

Analog electronic circuit includes an analog signal with constantly changing signal, which contradicting to digital electronics where signals usually signals take only two levels. Most of the fundamental electronic components such as inductors, resistors, capacitors, diodes, transistors, and operational amplifiers are characteristically analog. Generally, analog circuits are made of very elegant designs with many components though they can be simple similar to two resistors combining to make voltage providers. Analog ICs were initially comprised of a pair of matched transistors and soon expanded to include rudimentary Op-Amps, voltage regulators, comparators, and timers. Analog ICs are increasingly used in various applications due to smaller size, higher speeds, and lower power consumption.

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Market Driver

Growing adoption of analog IC in medical equipment is expected to drive growth of the global IC market during the forecast period
Increasing demand for advanced medical equipment in the healthcare industry has accelerated the demand for analog IC significantly. Medical equipment, especially implantable medical devices, are designed to offer therapy for pain management and psychological disorders have pre-installed analog ICs. Moreover, growing urbanization, global population, and technological advancements analog ICs are enhancing functionality of these healthcare equipment. Hence, these factors are expected to drive the global analog IC market growth over the forecast period.
Market Opportunity

Development semiconductors at economical price can provide lucrative business opportunity for market players

Key companies in the market can expand their revenue generation by providing semiconductors at economical price, especially to small- and mid-sized enterprises from emerging economies such as Brazil, India, and China. Moreover, manufacturers can offer high-quality products at affordable prices, in order to minimize if not eliminate the prevalence of counterfeit semiconductors. This, in turn, is expected to offer significant growth opportunity for market players over the forecast period.���

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Competitive Section

Key players operating in the global analog IC market are Texas Instruments Incorporated, Renesas Corporation, Infineon Technologies AG, Qualcomm Technologies, Inc., NXP Semiconductors, ON Semiconductor, STMicroelectronics, Skyworks Solutions, Inc., Analog Devices, Inc., and Maxim Integrated Products Inc.

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This release was published on openPR.