Analog IC Market to Progress at a Robust CAGR of 8.5% over the Next ten Years

Persistence Market Research's most recent analysis of the global analogue IC market predicts that over the next ten years, the industry will expand at a high CAGR of 8.5%. A market worth over US$ 63 billion in 2021 and a 1.4X increase by the end of the decade are also predicted by the intelligence investigation.

By 2031, it is expected that North America will have a third of the global market share.

Get a Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/4799

AI, IoT, Automation to Boost Market Potential

Increasing use of technology and digitization of almost all aspects of life is majorly changing the semiconductor and chip industry. The world has been facing a major shortage of chips and semiconductors in recent times as production and supply chains were deeply impacted by the onset of the COVID-19 pandemic in 2020.

The automotive industry is seeing some major reforms in terms of automation, and implementation of IoT and has seen a major increase in demand for IC and semiconductor products. Demand has not been fulfilled and is expected to be catered to as production and supply chains get back on track in late 2021.

As demand has increased, innovations and new chip launches have also seen a substantial rise in recent times.

Mythic, a startup building analog AI chips, recently raised US$ 70 Mn and launched a new smaller chip based on the previous architecture. These chips are based on compute-in-memory technology using arrays of flash transistors. The company is expected to invest the money raised in accelerating plans for the volume production of its chips.
ROHM Semiconductor, a leading name in the semiconductor industry, on June 17, 2021, introduced the industry's first AC/DC Converter ICs, which come with a built-in 1700V SiC MOSFET (BM2SC12xFP2-LBZ) in the TO263-7L package. These ICs are optimized for industrial applications that utilize auxiliary power supplies such as general-purpose inverters, AC servo drives, etc.
With ROHM and Mythic launching new ICs, other key market players are also expected to follow the trend and capitalize on the AI and IoT trends that are fueling the analog IC industry all over the globe.

Ask for Customization @ https://www.persistencemarketresearch.com/request-customization/4799

Automotive Application Segment to Register Robust CAGR

Automotive application segment is expected to register relatively higher growth rates during the forecast period, due to developments in the field of automotive safety and driver information systems. In terms of revenue, the automotive application segment is estimated to register a healthy CAGR during the forecast period.

Several advanced automotive technologies that go beyond touchscreens controller, satellite radio, and voice-activated GPS commands are being continuously tested and improved, and are expected to be adopted in new car models, resulting in solid growth for the global analog IC market during the forecast period.

Additionally, industrial, energy, and defense sectors are growing in terms of IC adoption in applications such as factory automation, solar energy, and electronic warfare systems.

Buy Report Now @ https://www.persistencemarketresearch.com/checkout/4799

Market Segmentation:

By Product Type
Application Specific ICs
General Purpose ICs

By Application Type
Communication
Consumer Electronics
Automotive
Industrial
Medical and Healthcare
Others

By Region
North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

This release was published on openPR.