Electric Vehicle Adoption Fuels Growth In Power Management IC Market: Powering Innovation and Expansion in the Analog integrated circuit (IC) Market by 2025

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What Is the Expected CAGR for the Analog integrated circuit (IC) Market Through 2025?
In recent times, there has been significant expansion in the analog integrated circuit (IC) market. The market value, anticipated to rise from $85.78 billion in 2024 to $90.11 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 5.0%. This growth trend during the historical period can be credited to various factors such as the surge in consumer electronics, the increased need for analog ICs in audio amplifiers and noise cancellation technologies, as well as the use of analog ICs in power electronics, security, and surveillance systems.

What's the Projected Size of the Global Analog integrated circuit (IC) Market by 2029?
Anticipations are high for considerable expansion in the analog integrated circuit (IC) market in the forthcoming years. It is projected to balloon to $114.11 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. The surge during this forecasted time frame can be credited to the rise in electric vehicles, the implementation of smart grids, the progress in quantum computing, developments in edge AI and machine learning, and the growing number of autonomous vehicles. The period to 2029 is also predicted to witness trends such as the embracement of digital twin technology, a boost in the use of wireless communications, technological progression, advancements in cloud-based infrastructure, and the growth of semi-autonomous vehicle technologies.

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Top Growth Drivers in the Analog integrated circuit (IC) Industry: What's Accelerating the Market?
The surge in electric vehicle (EV) utilization is anticipated to fuel the expansion of the analog integrated circuit (ICs) market in the future. These EVs are vehicles fueled by electric motors and utilize energy preserved in rechargeable batteries, presenting a green substitute to conventional internal combustion engine vehicles. The rise in electric vehicle (EVs) utilization can be attributed to their ecological benefits, technological advancements, and an expanding infrastructure for charging stations. In EVs, Analog ICs help optimize battery efficiency, regulate power distribution, and augment the overall energy efficiency. They also process signals from radar and lidar systems for functionalities like collision evasion and adaptive cruise control. For example, as per the International Energy Agency, an autonomous intergovernmental organization based in France, over 2.3 million electric cars were sold in the first quarter of July 2023 alone, marking a 25% surge from the previous year. Furthermore, sales are projected to hit 14 million by the end of 2023, showcasing a 35% year-on-year rise, with momentum expected to pick up in the latter half of the year. Therefore, the surge in electric vehicle (EVs) utilization is propelling the growth of the analog IC market.

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What Are the Key Trends Driving Analog integrated circuit (IC) Market Growth?
Leading enterprises in the analog integrated circuit (IC) industry are focusing on the creation of novel items like low-dropout regulators to enhance the power efficacy and provide smaller, more dependable electronics. A low dropout regulator (LDO) is a form of voltage regulator that can function even with a small discrepancy between input and output voltage, guaranteeing consistent power consumption. This device is widely utilized in power-sensitive scenarios where room and performance are essential factors. For example, High Power Integrated, a manufacturing firm based in the US, introduced HL8743, a new type of automotive low-dropout regulator, in June 2024. The product was designed to address the increasing needs of the automotive sector, especially in power control and current detection. The HL8743 supports both single and double-channel configurations, has an expansive input voltage spectrum from 4.5V to 40V, and offers protection against 45V load dumps. Each channel provides a modifiable output voltage from 1.5V to 20V and precise current detection capabilities for load condition tracking. This makes it perfect for automotive applications, like active antenna power supplies and infotainment systems.

What Are the Main Segments in the Analog integrated circuit (IC) Market?
The analog integrated circuit (IC) market covered in this report is segmented -

1) By Type: Application Specific Integrated Circuit (IC), General Purpose Integrated Circuit (IC)
2) By Application: Amplifiers Or Comparators, Data Convertors, Voltage Regulators, Interface Integrated Circuit (IC), Other Applications
3) By End-User: Consumer Electronics, Communication, Automotive, Industrial, Other End Users

Subsegments:
1) By Application-Specific Integrated Circuit (ASIC): Power Management ICs, Sensor ICs, Interface ICs, Motor Driver ICs, Automotive ASICs, Communications ASICs
2) By General Purpose Integrated Circuit (IC): Operational Amplifiers, Voltage Regulators, Analog-To-Digital Converters (ADCs), Digital-To-Analog Converters (DACs), Comparators, Analog Switches And Multiplexers

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Which Top Companies are Driving Growth in the Analog integrated circuit (IC) Market?
Major companies operating in the analog integrated circuit (ICs) market are Avnet Inc., Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor, Micrel Semiconductor Inc., Microchip Technology Inc., Skyworks Solutions Inc., Marvell Technology Inc., Diodes Incorporated, Cirrus Logic Inc., Microsemi Corporation, Integrated Device Technology Inc., Semtech Corporation, Exar Corporation, Pericom Semiconductor Corporation, Richtek Technology Corporation

Which Regions Will Dominate the Analog integrated circuit (IC) Market Through 2029?
Asia-Pacific was the largest region in the analog integrated circuit (ICs) market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the analog integrated circuit (ICs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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