Analog IC for Automotive Market Outlook - 2030
An analog integrated circuit (IC) for automotive is a network of interconnected components fabricated on a single wafer of semiconductor material. Analog IC for automotive in contrast to digital circuits works with a continuous range of input signals. Analog IC for automotive offers low power consumption and signal processing capabilities necessary to build an ecosystem of automated devices.
The advantages of using analog IC for automotive across a wide range of real-time applications and the introduction and expansion of ideas such as the Internet of Things (IoT) are projected to grow the analog IC for automotive market. The analog IC for automotive finds its applications in diverse sectors such as consumer electronics, automotive, information technology, and many others.
The global analog IC for automotive market is segmented on the basis of type, application, industry vertical, and region. Based on type, the market is divided into general-purpose IC and application-specific IC. In terms of application, the market is categorized into Op-AMP, linear regulators, oscillators, active filters, and phase locked loops. On the basis of industry vertical, the market is divided into information technology, consumer electronics, automotive, and communication. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global analog IC for automotive industry include Infineon Technologies AG, Maxim Integrated Products Inc., Microchip Technology Inc., NXP Semiconductors NV, Qualcomm Inc., Richtek Technology Corporation, Skywork Solutions Inc., STMicroelectronics NV, Taiwan Semiconductor Co., Ltd., and Texas Instruments Inc. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global analog IC for automotive market.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has severely affected the business of almost all industries. While the COVID-19 pandemic crisis unfolds, regulatory bodies all over the world are in the compulsion to impose strict lockdown and travel bans. Moreover, this has drastically affected the Analog IC for Automotive Industry.
Due to the COVID-19 pandemic, supply chain systems were disrupted and strict instruction of the governing bodies to follow social distancing norms forced the industries to work with minimal workforce, which led to the decrease in the production rate of the industries. Thus, all these factors negatively contribute to the growth of the analog IC for automotive market share.
However, after the COVID-19 pandemic, the diversified and innovative applications of analog IC for automotive, such as consumer electronics, automotive, information technology, will drive the growth of the industry.
Top Impacting Factors
The number of self-driving cars increases, so does the demand for new chip designs. To communicate between the real world and the digital world, each microcircuit needs an analog circuit. It is expected that the sales of analog IC for automotive vehicles will increase in the future as next-generation vehicles equipped with electronic components, systems, and software to improve vehicle safety and control systems.
Advance fabrication technique, increase in advanced fabrication technique, and increase in functionality, such as connecting with IOT provide analog IC for automotive wireless and low power consumption fabrication technique, which help the analog IC for automotive to penetrate more in the market and also drive the growth of the analog IC for automotive market.
Texas Instruments has introduced a series of single-chip millimetre wave (80 GHz) sensors with integrated standard CMOS, which can provide a range of distance measurement functions for automotive vehicles. It can also integrate a full analog interface, with good signal processing and accurate detection at distances, which help in the growth of analog IC for automotive market.
The rapid electrification of automobiles and use of IOT in the analog IC for automotive increases the complexity of analog IC for automotive which requires skilled workforce. Thus, shortage of skilled workforce restraints the analog IC for automotive market.
Surge in Usage in Automotive Industry
The use of electronic products in complex safety and motor control systems, navigation, audio/video systems, hybrid drives, and LED lighting in the automotive industry may create analog IC for automotive opportunities. The advanced fabrication technique IOT used for automotive and low power consumption help to penetrate automotive industry more. Thus, growth of the automotive industry due to advanced technique drives the growth of the analog IC for automotive market.
Surge in Adoption of Automobiles in Healthcare and Commercial Industry
The use of analog IC for automotive in healthcare and commercial is driving the growth of the integrated circuit market. Analog IC for automotive provides low power consumption for analog IC for automotive with LED application in data communication and traffic light provides low power efficiency. Therefore, as per the analog IC for automotive market analysis, low power consumption with continuous supply of power drives the analog IC for automotive market.
Key Benefits of the Report
- This study presents the analytical depiction of the analog IC for automotive market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global analog IC for automotive market trends.
- The current market is quantitatively analyzed to highlight the analog IC for automotive market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global analog IC for automotive market analysis depending on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Analog IC for Automotive Market Research Report
- Which are the leading players active in the analog IC for automotive market size?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Analog IC for Automotive Market Report Highlights
By Industry Vertical
Key Market Players
Infineon Technologies, NXP Semiconductors, Renesas Electronics, Texas Instruments, ON Semiconductor, STMicroelectronics, ROHM Semiconductor, Maxim Integrated, Analog Devices, Mitsubishi Electric