From GlobeNewswire: 2024-11-15 09:00:00

The Analog Integrated Circuit Market was valued at USD 79.33 Billion in 2023, set to reach USD 147.74 Billion by 2032 with a 7.16% CAGR. Demand is driven by consumer electronics like smartphones and IoT growth. Tower Semiconductor projects a revenue drop due to industry corrections and high inflation rates, but long-term outlook remains positive.

In 2023, ASICs dominated the market with 60% share due to tailored solutions for specific applications. Communication sector contributed 35% revenue, driven by 5G and IoT technologies. Asia-Pacific led the market with 35% revenue, while North America saw robust growth from 5G, AI, and IoT integration.

Future trends for the Analog Integrated Circuit Market include increased demand for IoT integration, AI and machine learning support, 5G network development, and growth in automotive electronics for ADAS and EVs. Key players in the market include Intel, Samsung, Qualcomm, NVIDIA, and more. The Analog Integrated Circuit Market Growth & Outlook Report for 2024-2032 includes Research Methodology, Market Dynamics Impact Analysis, Statistical Insights, and Trends Reporting. Key areas covered are Market Production and Sales Volumes, Emission Standards Compliance, Technology Adoption, Consumer Preferences, and Aftermarket Trends. The report also includes Competitive Landscape, Market Segmentation by Product Type and Application, Regional Analysis, Company Profiles, and Use Cases. For more information or customization, contact SNS Insider at [email protected]. SNS Insider is a leading global market research and consulting agency providing clients with up-to-date market data, consumer insights, and opinions to make confident decisions in changing circumstances using various research techniques worldwide.



Read more at GlobeNewswire: Analog Integrated Circuit Market Size to Reach USD 147.74