In 2021, China and the United States will enter the post-epidemic era. Markets including communications, automobiles, industry, and consumer electronics will continue to grow. There will be strong demand for analog chips. The overall scale will grow to US$67.95 billion, an annual increase of 22.1%. Among them, the automobile industry has passed the low base period affected by the COVID-19 epidemic in the second quarter of 2020. The overall automobile market has recovered and the electrification process has continued. ADAS, electric vehicles and automotive electronics business opportunities have entered a period of rapid growth. Automotive analog chip shipments Volume reached 4.9 billion units in the second quarter of 2021, an annual growth rate of 80%.
Analog chips are widely used
Major IDM manufacturers are focusing on automotive analog chip technology in order to meet the needs of car manufacturers and the market. In Infineon (Inf. Driven by manufacturers such as ineon), NXP (NXP), Renesas, Texas Instruments (TI), and STMicroelectronics (STM), TrendForce estimates that the automotive analog chip market will grow by 24.6% in 2021 .
Analog chips are indispensable components in electronic equipment. They are classified based on function and can be divided into general purpose analog chips (General Purpose Analog IC) and application specific analog chips (Application Specific Analog IC).
Universal analog chips include amplifiers/Comparators (Signal Conditioning), signal conversion chips (Signal Conversion), interface chips (Interface), and universal power management chips (Power Management; General Purpose), as the name suggests, is oriented towards low-cost, single-function, general-purpose products; dedicated analog chips are distinguished by application fields, including consumer electronics, computing, communications, automobiles, industry and others, referring to specific customer requirements. Analog chips are designed and produced for specific circuit system needs. Compared with digital chips, analog chips have the characteristics of diverse product types, low but stable prices, and long product life cycles.
According to WSTS data, the global semiconductor industry size in 2020 was US$440.4 billion, of which the chip market size was US$361.2 billion; and then split into analog chips, accounting for 15.4% of the overall chip market size, reaching US$55.66 billion. The demand for
analog chips has been stable over the years due to their irreplaceability. However, the COVID-19 epidemic in 2020 has brought about the stay-at-home economy effect, which has led to the rise of home office and distance teaching models, increasing the demand for notebook computers, Chromebooks, and tablets. In addition, 5G applications, electric cars, base The booming development of infrastructure construction and other plans has led to a large-scale increase in the demand for analog chips. Currently, the demand for analog chips, led by power management (PMIC) chips, continues to remain high. It is expected that the analog chip market will reach US$67.95 billion in 2021, which will be optimized. The chip market has an average annual growth rate of 20.9%.
manufacturers are mainly IDMs.
Major analog chip manufacturers are almost all IDM manufacturers and have a long history of development. In the 2020 analog chip market, ranked by overall revenue of manufacturers, Texas Instruments has long been at the top, providing a total of more than 80,000 analog chips, with a market share of 19%. In terms of its product diversity, market acceptance, and active customer ordering In terms of degree, it will maintain its leading position in 2021.
Ranked second is Infineon. Due to the expansion of automotive and power supply products, there will be an annual growth rate of up to 19% in 2020. Judging from the development in the first to second quarter of 2021, it is expected to maintain the growth trend this year; ranking The third is STMicroelectronics. In 2020, it can mainly be attributed to the sales growth of its product portfolio of analog, MEMS and sensors (Analog, MEMS and Sensors (AMS)), and its performance this year is expected.
TrendForce pointed out that it is worth mentioning that if we look purely at the total sales value of analog chips, Analog Devices will rank second.
Automotive analog chips have the greatest growth potential
In 2020, analog chips accounted for 41.7% of the general market and 58.3% of the dedicated market. Due to various CPUs, G The advent of new series of products such as PU and memory, and the evolution of various products have made analog chips more customized to improve the overall system. Therefore, manufacturers are gradually focusing on dedicated analog chip architectures. It is expected that the dedicated market share will increase in 2021. It improved slightly to 59%.
Looking at the overall general-purpose and specialized analog chips, the application fields can be further summarized, including communications, automotive, industrial, consumer, and other markets. Communications, industrial, and automotive applications account for the highest proportions, accounting for 26.9% each in 2020. , 25.9%, 25.5%. From a development perspective, benefiting from the recovery of the global auto market, the demand for automotive analog chips will increase significantly in 2021. In addition, the first half of 2020 is a low base period. It is estimated that the automotive analog chip market will grow by 24.6%.
In terms of automotive analog chips, the application proportion will reach 26.0% in 2021. It can be used in the two major systems of body electronics (Body Electronics) and automotive infotainment (Infotainment), mainly used in braking systems, engine transmission and GPS. /Navigation, instrument panel system, etc.
Automotive PMIC (power management chip) is also an important part of automotive analog chips. It requires a higher quality level to ensure that the failure rate is close to zero during a use period of more than 10 years, which involves the design, certification, testing, etc. of the PMIC. factors, so the automotive PMIC market is still dominated by major IDM manufacturers, including Infineon, NXP, Texas Instruments, Renesas Electronics, and STMicroelectronics as the top five manufacturers, most of which will be integrated with automotive MCUs into overall solutions. Sale.
Under this trend, electric vehicles (EVs) and new energy vehicles (NEVs) in the automotive market are growing rapidly, and the circuit structure in the vehicle continues to become complex. Current, voltage and system control are the main factors affecting vehicle performance, and PMIC becomes more and more prominent. Importantly, as the overall automobile market recovers and the electrification process continues, the overall automotive PMIC market size will continue to grow.
Analog chips for communication are developing the fastest
Taking analog chips for communication as an example, the application proportion will reach 26.5% in 2021. With the rapid development of the communications industry, 5G technology continues to mature. Compared with 4G, 5G technology can make full use of high-frequency spectrum resources to provide higher efficiency, larger capacity, lower delay, and lower energy consumption communication services, including wireless Communications, data communications, telecommunications infrastructure, and radio frequency components all require the use of analog chips.
Manufacturers famous for analog chips for communications include Analog Devices and Skyworks. Analog Devices completed the acquisition of Maxim on August 26 this year. In the future, Analog Devices will be able to combine Maxim’s strengths in the automotive, power management, and data center markets with its own market resources in communications, industry, and even digital health to strengthen its ADI product portfolio.
Silicon Labs completed the acquisition of the infrastructure and automotive departments of Silicon Labs on July 26 this year, accelerating Silicon Labs’ development in electric and hybrid vehicles, industrial and motor control, power supply, and 5G wireless infrastructure. Expansion in construction, fiber optic data transmission, data centers, automobiles, smart homes and other fields.
Consumer electronics analog chips have the strongest demand
In terms of consumer electronics chips, they refer to electronic products used by consumers in their daily lives, including smartphones, laptops, tablets, wearable devices, TVs, etc. All require the use of a large number of analog chips, and it is estimated that the application proportion in this field will be 12.9% this year. Taking the most shipped smartphones as an example, consumer demand for smartphones is currently stabilizing, and production is estimated to be about 1.35 billion units in 2021; among which, the penetration rate of 5G mobile phones will rise to 37%, because 5G mobile phones need to use There are more than ten analog chips, which is about 50% more than 4G mobile phones. Therefore, the demand for analog chips is structurally growing.
Industrial analog chips are widely used
Taking industrial analog chips as an example, they will account for 26.4% of the overall market in 2021. Not only are dedicated analog chips widely used, but some applications also use general-purpose chips in order to achieve consistent specifications. Mainly Used in industrial transportation, industrial automation, power grids, smart cities, smart buildings, etc. The top two players in this field are Texas Instruments and Analog Devices. The former attaches great importance to the development of high-voltage products; the latter includes products such as analog chips for aviation, aerospace, and national defense, which are the best tools for consolidating its technical strength.
In addition, the current infrastructure construction plan promoted by the U.S. government focuses on the fields of transportation, network communications, and power facilities, all of which require the use of a large number of communications and industrial analog chips. IDM manufacturers in the United States are affected by geographical advantages, including Texas Instruments and Analog Devices. , ON Semi, and Microchip will benefit first.
The largest market is in China
According to a TrendForce survey, China's analog chip market accounts for about 42% of the world's and is a battleground for major analog chip manufacturers. With the growth of China's home appliances, consumer electronics, and communications markets, as well as the development of industry, automobiles, and even electric vehicles, in addition to the entry of major international analog chip manufacturers, China's local analog chip manufacturers include Jingfeng Mingyuan, Silan Micro, and Shengbang Microelectronics, Fumman Electronics, Xinpeng Micro, Ming Microelectronics, Serip, Weir Semiconductor, Chipsea Technology, Shanghai Belling, Quanzhi Technology, etc. have also launched analog chips based on PMIC, which are first used in home appliances and Consumer electronics and other markets.
China's analog chips will still account for the highest proportion in 2021, and as the COVID-19 epidemic is under control first, the terminal market demand is strong, and analog chip sales will also perform well; as the COVID-19 epidemic eases in the United States, including consumer The consumer market, automobile market and infrastructure are expanding. In the first quarter of 2021, analog chip sales increased by nearly 50% year-on-year. With the economic situation in line, purchasing power has remained stable. It is estimated that there will be a growth rate of more than 25% in 2021, reaching 10.6 billion Dollar.
