IC Insights has divided the IC market into four major product categories: analog, logic, memory, and microcomponents. The projected total IC market annual growth rate, and therefore the average of these four, is 5.1 percent over the five-year period.

Annual revenues for analog ICs – including both general purpose and application-specific devices – are set to go from $54.5 billion in 2017 to $74.8 billion, a compound annual growth rate (CAGR) of 6.6 percent, the market researcher said. The broad adoption of power management and automotive-specific analog ICs is set to drive the expansion.

The power management market on its own is forecast to grow 8 percent in 2018 after increasing 12 percent in 2017.

In 2018, the automotive application-specific analog market is forecast to increase 15 percent the third-fastest growing of 33 IC product categories classified by World Semiconductor trade Statistics organization. The growth of autonomous and electric vehicles and more electronic systems on board all new cars are expected to keep demand robust for automotive analog devices.

After a 58 percent sales spike in 2017, the memory market is forecast to return to more normal growth through the forecast. Additional manufacturing capacity now coming online will allows ASPs to stabilize. The Microcomponents market has cooled due to weak shipments of standard PCs and tablet computers

Following the 22 percent increase in 2017, the total IC market is forecast to grow 8 percent in 2018 to $393.9 billion and then continue on an upward trend to reach $466.8 billion in 2022, the final year of the forecast.

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