Global General Purpose Analog Semiconductor Market - Forecasts from 2024 to 2029

Global General Purpose Analog Semiconductor Market - Forecasts from 2024 to 2029

The global general purpose analog semiconductor market is projected to rise at a compound annual growth rate (CAGR) of 3.32% to reach a market valuation of US$32.642 billion by 2029, from US$25.979 billion in 2022.

General purpose analog integrated circuits (IC) mainly consist of amplifiers, data converters, voltage regulators, and comparators. These are mainly used in general electronic devices. The market is expected to propel at a moderate pace owing to the growing consumer electronics industry. Furthermore, the growing penetration of autonomous vehicles with increased investment is providing an opportunity for the market to grow in the upcoming years.

Increasing use of PVC Adhesive in the construction industry propels the market.

Growing environmental consciousness is also propelling the sector, resulting in cities that are built with cutting-edge grid systems as standard features. Power management analog IC systems that can manage both wired and non-wired connections are, therefore, in greater demand. Moreover, market expansion is being propelled by the automotive industry's growing automation. Power management analog ICs are used by automakers to control excessive voltage fluctuations in batteries, extend their lifespan, and operate security systems.

Further, developing economies are witnessing a rise in consumer disposable income due to rising rates of urbanization. This trend is leading to higher salaries and better education, which in turn gives consumers more purchasing power for sophisticated electronics. Additionally, this is promoting the worldwide consumer electronics market expansion. Furthermore, the demand for general-purpose analog semiconductors is expected to rise during the forecast period due to the high rate of adoption of cutting-edge electronic products like tablets, smartphones, LED TVs, and smartwatches. In consumer electronics, general-purpose analog semiconductors are utilized for a variety of applications that require variable output signals for radio-frequency and audio-frequency amplifiers. These applications include data converters, comparators, voltage regulators, and amplifiers.

The market is projected to grow in the North American region.

The Asia Pacific region is anticipated to grow at a significant rate in the forecast period due to the increasing consumption of consumer electronics products worldwide. This is attributed to the rising demand for high-end technology-based devices, which are coupled with minimum electronic prices. North America and European regions are also expected to have subsequent market shares. India, a well-known center for manufacturing, increased its domestic electronics output from US$ 29 billion in 2014–15 to US$ 101 billion in 2022–2023. Approximately 3.4% of India's GDP is derived from the country's electronics industry.

Key Market Developments:

July 2023, leading global semiconductor manufacturer Analog Devices, Inc. celebrated investing more than $1 billion to expand its semiconductor wafer fab in Beaverton, Oregon. By investing in the facility, cleanroom space is increased to approximately 118,000 square feet, and internal manufacturing of products operating on the 180-nanometer technology node and above is almost doubled. In addition, it is anticipated to generate hundreds of new, long-term job opportunities, a substantial rise over ADI's current workforce of about 950 people in Oregon. Moreover, the U.S. semiconductor industry invested $58.8 billion in research and development in total in 2022, representing a compound annual growth rate of roughly 6.7 percent.

Key Players:

Texas Instruments Incorporated is a leading provider of analog products globally. The company has expertise in creating general-purpose and innovative product solutions that deliver excellent results for various end-user industries.
Qualcomm Technologies Inc. is a key market player, providing innovative and cutting-edge solutions, including chipsets, processors, and platforms. In 2022, the company started its mentorship program for semiconductor startups to develop innovative products with Analog IP.
STMicroelectronics is a major company delivering high-performance analog solutions such as the category of automotive analog and power worldwide. The company is building new strategic partnerships to deliver unique technological insights and solutions.

Segmentation:

By Type:

Power Management
Data Convertors
Amplifiers
Interface
By Industry Vertical:

Consumer Electronics
Communication and Technology
Automotive
Manufacturing
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
UK
Spain
Others
Middle East and Africa
UAE
Saudi Arabia
Others
Asia Pacific
China
Japan
India
Taiwan
Others