Electric vehicles to boost analog IC demand
The market for semiconductors to be used in electric vehicles (EVs) and hybrid electric vehicles (HEVs) is expected to quadruple between 2011 and 2018, reaching $2 billion, according to market research firm Strategy Analytics Inc.

According to a recent report by (Boston), 92 percent of the chips used in EVs and HEVs are analog ICs. Between 2011 and 2018, the value of analog ICs for EVs and HEVs is expected to grow at a compound annual growth rate of 23 percent, well-above the projected CAGR of 7.2 percent for standard automotive analog and linear products, according to Strategy Analytics.

Strategy Analytics estimates that power and non-power analog circuits make up 78 percent and 14 percent, respectively, of the combined semiconductor market value from HEV and EV powertrain control produced today. High power IGBT used in AC traction motor inverters will continue to account for the majority of the power analog demand, the firm projects.