The analog integrated circuit (IC) market is set to improve on its 2012 market value of $20.41 billion, by increasing at a compound annual growth rate (CAGR) of approximately 9% to reach a total value of $31.35 billion by the end of 2016.
Growth within the analog IC market looks set to be driven by the fact that all the latest smartphones and tablets run through essential IC technology meaning the industry is guaranteed expansion over the up coming years.
Analog ICs are used in a wide range of applications including third and forth generation (3G/4G) radio base stations and portable device batteries, as well as medical imaging scanners and electric cars.
Smartphone sales look set to play a major role in the expansion of the overall analog IC market. Last year the number of smartphones in existence was over 417 million, a staggering figure that is expected to grow further to just under 1 billion by 2016.
The Asia Pacific region will play a big part in this growth due to increases in both consumption and manufacturing.
Key players within the analog IC market include; Texas Instruments, a global analog and digital semiconductor IC design and manufacturing company. STMicroelectronics, a producer of a diverse range of devices, ranging from single transistors to microprocessors. Analog Devices, an American multinational semiconductor company specialising in data conversion and signal conditioning technology, and Infineon, a company offering semiconductors and system solutions for automotive and industrial electronics.
For more information on the analog IC market, see the latest research: Analog IC Circuit Market Report
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