Power management sector, Signal processing sector are segments than can be expected to have high growth. The power sector accounted for over 52% of Analog Integrated Circuit Consumption. This sector emphasizes on efficient utilization of power used by electronic devices. Analog ICs are majorly used in portable devices which are extensively used. Other major functionality includes reduction in the battery drain that indirectly reduce costs. Hence with the growth in the wireless communication market can lead to growth in the Analog IC market.
Increase in the usage of application specific Analog ICs can bring about a sales growth of these devices. They constitute for 60% of the Analog ICs Market. With the advent of new technologies in Sensor ASICs and Power Management ASICs, there are wide variety of applications in each of them which include consumer electronic devices such as digital cameras, LCD and LED screens, cell phones and other devices that work on battery.
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Market pertaining to analog and mixed signal devices have a diversified customer base. New product innovation and launch of sophisticated instruments can provide new avenues for growth in this industry. Health care industry has wide application of analog and mixed signal devices. They are used as monitoring equipment, medical instrumentation and diagnosis. Firms can differentiate their products by collaborating and integrating different functionalities of design tools and application support systems. Increasing usage of smart phone devices is also a major market for analog and mixed signal devices they are used as chips within smartphones.
New product Developments are expected to play a major role with the introduction of EDA tools that are specifically made for analog/mixed signal market. The Market is expected to grow at a rate of 5%. Costs associated with processes are usually balanced out with the new avenues in the various product developments in the market.
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