Monday, May 13, 2019
Texas Instruments further distanced itself from rivals in the analog IC market last year, holding nearly twice the market share of its closest competitor, Analog Devices Inc. (ADI), according to market research firm IC Insights.
TI’s analog chip sales grew by $900 million to reach $10.8 billion in 2018, giving the company 18% of the total analog IC market, according to the firm. ADI, meanwhile, increased its analog IC sales by 7% to reach $5.5 billion last year, good for 9% of the market.
TI’s analog IC sales came in at more than 10 times that of the 10th ranked vendor last year, Renesas Electronics.
Its dominance of the analog market has grown substantially in recent years, in part because of TI’s target markets. The company’s primary analog markets — industrial applications (36% of TI’s 2018 analog revenue), personal electronics (23% of analog revenue), and automotive (20% of analog revenue) — are highly profitable areas that TI’s management believes afford the company the best opportunities for future growth, IC Insights noted.
The combination of industrial and automotive applications represented 56% of TI’s 2018 analog revenue, up from 42% five years ago, said the firm.
Cumulatively, the top 10 analog IC vendors logged $36.1 billion in sales last year, good for 60% of the total market. The top 10’s cumulative market share declined slightly from 61% in 2017, according to IC Insights.
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