Integrated Circuits Market Forecast highlights a strong annual growth for Analog IC through 2022
Power management, signal conversion, and automotive-specific analog markets drive analog IC expansion.
Sales of analog ICs are expected to show the strongest growth rate among major integrated circuit market categories during the next five years, according to IC Insights’ new 2018 McClean Report – A Complete Analysis and Forecast of the Integrated Circuit Industry. The McClean Report forecasts that revenues for analog products—including both general purpose and application-specific devices—will increase by a compound annual growth rate (CAGR) of 6.6% to $74.8 billion in 2022 from $54.5 billion in 2017.
The 2018 McClean Report separates the total IC market into four major product categories: analog, logic, memory, and microcomponents.
Analog IC, the fastest growing major product category in the forecast, are a necessity within both very advanced systems and low-budget applications. Components like power management analog devices help regulate power usage to keep devices running cooler and ultimately to help extend battery life in cellphones and other mobile/battery operated systems. The power management market is forecast to grow 8% in 2018 after increasing 12% in 2017.
“This comes to reaffirm that we have been working and developing new IPs, analog IC projects and services on the right path. The strong growth forecasted for Analog IC and the power management market growth itself reflects that Chipus has been betting well in efforts to supply an expanding and demanding market. Our committment remains strong as we are alinged with the market demands and our clients needs. The new IoT and Industry 4.0 applications, including battery-powered chips to implement deep learning, artificial intelligence and the huge amount of types of sensors are very dependent on featuring power management schemes to extend battery usage time. This is something we have been investing a lot in developing leading edge IPs for ultra-low-power applications and we will continue to invest.”
Murilo Pessatti, Chipus’ CEO.
Analog ICs is one of Chipus Microelectronics major expertise, where it drives a strong presence also in the power management market. Its ultra-low power IPs and design services are part of the company’s portfolio that aligns with the high demands and market needs. Lately, we have seen how important Analog expertise has become as the market continues to show and we see in this report by IC Insights. Within our core, Chipus has developed an article on this matter called Why is Analog increasingly important in the Digital Era?, which reflects this scenario and answers questions such as why new market trends and requirements have been shifting the course of microelectronics lately towards Mixed-Signal IC development focusing on analog expertise.
Source: Design & Reuse