Asia Pacific Analog Semiconductor Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2025-2034)

The Asia Pacific analog semiconductor market size reached around USD 53.61 Billion in 2024. The market is projected to grow at a CAGR of 6.80% between 2025 and 2034 to reach nearly USD 103.50 Billion by 2034. The market growth can be attributed to rapid technological advancements and the growing demand for electric vehicles across the region. Moreover, the rising production of solar power inverters and the expansion of renewable energy projects are favourably influencing the market dynamics.

Asia Pacific Analog Semiconductor Market Report Summary

Market Size 2024

• USD Billion 53.61

Market Size 2034

• USD Billion 103.50
• CAGR 2025-2034
• 6.80%

CAGR 2025-2034- Market by Country

• India
• 7.8%

CAGR 2025-2034 - Market by Country

• ASEAN
• 7.3%

CAGR 2025-2034 - Market by Type

• Application Specific
• 7.4%

CAGR 2025-2034 - Market by Components

• Sensors
• 7.7%

Market Share by Country 2024

• Australia
• 4.7%

Asia Pacific Analog Semiconductor Market Growth

The increasing adoption of smart manufacturing technologies by Asia Pacific-based organisations is contributing to the market expansion. Over 90% of organisations perceive industrial automation as a crucial part of their future success. This is much higher than organisations based in Europe, Middle East, and Africa (75%) and North America (84%). This is favourably shaping the Asia Pacific analog semiconductor market dynamics. In 2021, the adoption of smart manufacturing solutions surged by 50% worldwide, driven by the rising pressure of product planning and process optimisation to drive business growth. This has further augmented the market growth in the region, as analog semiconductors play a crucial role in power regulation and accurate sensor interfacing.

With the implementation of the 14 th FYP for Energy Storage in China, the Asia Pacific analog semiconductor market size is expected to surge. By 2030, the nation aims to become self-sufficient in power generation and storage and boost energy affordability by reducing the per unit cost of energy storage by 30% by the end of 2025. It aims to create 100 GW of battery energy storage capacity by 2030 and nurture the development of sodium-ion, lead-carbon, and novel lithium-ion batteries. Analog semiconductors are extensively used in such power management systems to ensure the effective conversion and distribution of electricity.

Key Trends and Developments

Growing demand for electric vehicles; expansion of 5G infrastructure; increasing industrial automation; and rising adoption of renewable energy solutions are the major factors driving the Asia Pacific analog semiconductor market growth.

December 2024

Ningbo Deye Technology, a leading Chinese manufacturer of power inverters, announced its plans to invest nearly USD 150 million in establishing a new subsidiary in Malaysia to increase the production of different solar equipment and energy storage products. This can increase the demand for analog chips for the effective conversion of electricity for residential and commercial applications.

October 2024

Vodafone Idea, a joint venture between Aditya Birla Group and the United Kingdom’s Vodafone Group, announced its plans to launch commercial 5G services across 17 major Indian cities by March 2025. This is expected to directly impact the Asia Pacific analog semiconductor market as analog ICs are used for ensuring efficient power conversion and signal filtering to provide a smooth telecom connection.

August 2024

China emerged as the world’s largest exporter of solar power inverters, with a market share of over 50%. The steady growth in popularity of utility-scale inverters manufactured by Huawei and Sungrow made it a global leader in PV shipments globally, thereby increasing the domestic consumption of analog semiconductors for their effective functioning.

May 2022

Toshiba and Japan Semiconductor developed a new analog platform with built-in memory for automotive uses. This platform combines high performance, reliability, and cost efficiency, supporting motor driver chips and other circuits needed in electric vehicles and advanced driver systems. This innovation is favourably shaping the market dynamics by meeting the region’s rising demand for reliable, high-performance analog chips in electric and automated vehicles.

Growing demand for electric vehicles

With Asia Pacific being a major hub for EV manufacturing, the need for analog semiconductors to support power management, battery monitoring, and motor control systems is rapidly increasing. Favourable government incentives and growing consumer adoption of EVs further drive this demand.

Expansion of 5G infrastructure

The region’s ongoing rollout of 5G networks has led to a surge in demand for analog chips that enable RF amplification, signal filtering, and efficient power conversion. These semiconductors are crucial for maintaining stable connections and high-speed data transmission in 5G base stations and devices. Thus, the development of 5G infrastructure across the region has emerged as one of the Asia Pacific analog semiconductor market trends.

Increasing trend of industrial automation

The Asia Pacific manufacturing sector is embracing Industry 4.0 technologies, which rely heavily on analog components for precise sensor interfacing, motor drives, and power regulation. As industries automate further, the demand for robust, reliable analog semiconductors continues to grow.

Rising adoption of renewable energy solutions

Countries in the region are expanding renewable energy projects, including solar and wind farms. Analog semiconductors are vital for power inverters, energy storage systems, and grid management, ensuring efficient energy conversion and reliable power distribution.

Asia Pacific Analog Semiconductor Market Trends

Growing demand for electric vehicles

Over half of all Indian automotive owners residing in Tier I cities plan to take an EV, driven by considerations like cutting-edge technology in-vehicle, better performance, and technology-enabled safety. This has led to an increased demand for analog semiconductors from EV manufacturing companies to create reliable battery systems and sophisticated automotive designs. Rising consumer concerns surrounding electric vehicle fires are also expected to favourably shape the Indian market, thereby influencing the Asia Pacific analog semiconductor market dynamics favourably in the coming years.

Expansion of 5G infrastructure

5G was initially launched in India on October 1, 2022. Over time, the government has successfully installed over 4.6 lakh 5G Base Transceiver Stations (BTSs) to enhance people’s accessibility to 5G services at cost-effective rates. As of December 2024, 5G services can be accessed by individuals in 779 (out of 783) districts across the country. This is expected to sustain the demand for analog semiconductors in the coming years.

Asia Pacific Analog Semiconductor Industry Segmentation

The report titled “Asia Pacific Analog Semiconductor Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Type

• General Purpose
• Application Specific

Breakup by Components

• Data Converters
• Amplifiers
• Power Management ICs
• Interface ICs
• Sensors
• Others

Breakup by Form Factor

• Integrated Circuits (ICs)
• Discrete Components

Breakup by End Use

• Aerospace and Defence
• Automotive
• Consumer Electronics
• Healthcare
• Industrial
• Others

Breakup by Country

• China
• Japan
• India
• ASEAN
• Australia
• Others

Asia Pacific Analog Semiconductor Market Share

Based on country, the market is segmented into India, China, Japan, ASEAN, and Australia, among others. Over the forecast period of 2025-2034, India is expected to grow at a CAGR of 7.8% due to the growing adoption of electric vehicles, the increasing indigenous manufacturing of consumer electronics such as laptops, wearables, and smartphones, and favourable government initiatives aimed at encouraging local manufacturing of semiconductors.

As per the Asia Pacific analog semiconductor market analysis, the ASEAN region, meanwhile, is estimated to grow at a CAGR of 7.3% between 2025 and 2034 amid the expansion of telecommunication infrastructure, increasing adoption of renewable energy sources, and the growing trend of Industry 4.0.

CAGR 2025-2034 - Market by

• Country
• India
• 7.8%
• ASEAN
• 7.3%
• China
• Australia
• Japan
• Others

Leading Companies in the Asia Pacific Analog Semiconductor Market

Major companies are focusing on expanding their Asia Pacific analog semiconductor market share by investing in local manufacturing facilities and research centres. They are creating innovative analog semiconductors tailored for key regional growth areas, such as electric vehicles, renewable energy, and industrial automation. By collaborating with regional manufacturers and aligning with government initiatives, these players are driving advancements in power management, energy efficiency, and sensor technologies, thereby driving the market growth.

Microchip Technology Inc.

Microchip Technology Inc. was founded in 1987 and is headquartered in Arizona, United States. It is a semiconductor manufacturing company that serves over 125,000 customers across various industrial segments, including automotive, consumer goods, communications, and aerospace and defence, among others.

Skyworks Solutions Inc.

Skyworks Solutions Inc. was founded in 1962 and is headquartered in California, United States. It specialises in producing RF/analog semiconductors and other high performance engineering solutions.

Qorvo Inc.

Qorvo Inc. was founded in 1991 and is headquartered in North Carolina, United States. It specialises in developing power amplifiers, antenna control solutions, antenna switch modules, and power management ICs, among other products.

Texas Instruments Inc.

Texas Instruments Inc. was founded in 1930 and is headquartered in Texas, United States. It specialises in producing microcontrollers, power management solutions, and analog semiconductors, among other items.

Other players included in the Asia Pacific analog semiconductor market report are Infineon Technologies AG, Analog Devices, Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., and MediaTek Inc., among others.