That's my belief. At my company we don't have them (or I would be applying to those roles). It's seems most companies know they can save money by combining that with the developer role. I don't see postings for them.
To be honest engineers's earn so much because they're doing multiple jobs. They're also usually doing project management if there's no dedicated project manager.
All too often, the "spec" a BizAn tries to hand over is nothing resembling a "spec", and instead just a bunch of word vomit I have to take back to the original source(s) and ask them to explain everything they wasted hours explaining to the "analyst" because the "analyst" didn't analyze anything - they just reformatted what the enduser(s) said into a standardized form