Improving Consumer Electronics Usage To Boost The Growth Of Global Analog Ic Market
Analog Ic Market The global Analog Ic Market is estimated to be valued at US$ 72.56 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Analog ICs are integrated circuits which can handle real-world signals like sound, temperature, pressure or light intensity etc. They are important components in consumer electronics like mobile phones, tablets, laptops etc. as they enable signal processing and conversion between analog and digital domains. With increasing usage of consumer electronics globally, demand for analog ICs is growing as they play a vital role in interfacing between electronics and the real world. Their key advantages include lower power consumption, versatility and ability to process continuously varying signals. Market key trends: One of the key trends spurring growth in the analog IC market is the increasing adoption of Internet of Things (IoT