The popularization of smart phones, automotive automation, and the medical industry's demand for portable and energy-efficient medical devices has driven the growth of the analog integrated circuit market. However, the product life cycle is short, analog IC design complexity increases, analog IC miniaturization, supply and demand imbalance, etc. Factors are inhibiting market growth.
In addition, with the development of new technologies and the increasing demand for high-efficiency devices, the market for analog integrated circuits will continue to grow until the end of 2022.
It is reported that the analog IC market includes general-purpose integrated circuits and application-specific integrated circuits. The share of general-purpose ICs in 2016 accounted for about 41%, and the report predicts that by 2024, the revenue of application-specific IC products and services will advance to 52 billion US dollars. The simulated IC market environment is further divided into commercial ICs and small IC manufacturing companies. The application-oriented market is subdivided into consumer electronics, automotive, IT and telecommunications, medical and healthcare.