Global Mixed Signal IC Market to Reach US$ 184.0 Billion by 2032, Accelerated by Increasing Demand for Electronic Devices

June 09, 2023 | Electronics and Semiconductors

As per the latest report by IMARC Group, titled "Mixed Signal IC Market Report by Type (Mixed Signal SoC, Microcontroller, Data Converter), End Use (Consumer Electronics, Medical and Healthcare, Telecommunication, Automotive, Military and Defense), and Region 2024-2032," the global mixed signal IC market size reached US$ 121.9 Billion in 2023. Mixed-signal integrated circuits (ICs) are integral to the modern world since they power various electronic devices. They combine analog and digital circuitry on a single chip, allowing for seamless integration of both types of signals. The manufacturing process of the IC involves creating a silicon wafer, which undergoes several layers of deposition, etching, and doping to produce transistors and interconnects. Mixed-signal ICs consist of various components, including amplifiers, filters, converters, oscillators, and digital logic blocks. The advantages of the products include reduced board space, lower power consumption, improved system performance, and cost-effectiveness. Currently, there are several types of mixed-signal ICs available, including data converters, sensor interfaces, power management ICs, and audio codecs.

Global Mixed Signal IC Market Trends:

The escalating demand for electronic devices, such as smartphones, tablets, and wearable devices, represents one of the key factors providing a thrust to the mixed signal IC market growth. Moreover, the rising adoption of the Internet of Things (IoT) devices and smart home technologies requiring efficient conversion and processing of analog and digital signals are accelerating the market growth. The rapidly expanding automotive industry and the growing popularity of high-speed data communication, such as 5G networks and data centers, are also providing an impetus to the market growth. Furthermore, the increasing focus on renewable energy sources, such as solar and wind power, has created opportunities for mixed-signal ICs in power management and energy harvesting applications, which, in turn, is fueling the market growth. Apart from this, favorable advancements in medical devices and healthcare technology, including wearable health monitors and implantable devices, and the growth of industrial automation, robotics, and artificial intelligence (AI) are propelling the market growth. Additionally, the need for higher energy efficiency and extended battery life in consumer electronics has led to the development of power management ICs that incorporate mixed-signal capabilities, which is creating a positive outlook for the market. Besides this, the rapid adoption of advanced manufacturing techniques, including IoT and Industry 4.0, has further boosted product demand in the industrial sector, which, in turn, is impelling the market growth. In line with this, the surging emphasis on miniaturization and integration of electronic components has driven the development of mixed-signal ICs with smaller form factors and higher levels of integration, which is supporting the market growth. Apart from this, burgeoning investments in research and development (R&D) activities by semiconductor manufacturers to advance manufacturing processes are contributing to the market growth. Looking forward, the market value is projected to reach US$ 184.0 Billion by 2032, expanding at a CAGR of 4.6% during 2024-2032.

Market Summary: 

  • By the type, the market is segmented into mixed signal SoC, microcontroller, and data converter.
  • Based on the end use, the market is segregated into consumer electronics, medical and healthcare, telecommunication, automotive, and military and defense.
  • By the region, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. 
  • The competitive landscape of the industry has also been examined with some of the key players being Analog Devices Inc., Cirrus Logic Inc., Dialog Semiconductor PLC (Renesas Electronics Corporation), EnSilica Limited, Infineon Technologies AG, Intel Corporation, Microchip Technology Inc., National Instruments Corporation, Renesas Electronics Corporation, STMicroelectronics, Telephonics Corporation (Griffon Corporation) and Texas Instruments Incorporated.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Analog Devices Inc., Cirrus Logic Inc., Dialog Semiconductor PLC (Renesas Electronics Corporation), EnSilica Limited, Infineon Technologies AG, Intel Corporation, Microchip Technology Inc., National Instruments Corporation, Renesas Electronics Corporation, STMicroelectronics, Telephonics Corporation (Griffon Corporation) and Texas Instruments Incorporated
Customization Scope 10% Free Customization
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Global Mixed Signal IC Market to Reach US$ 184.0 Billion by 2032, Accelerated by Increasing Demand for Electronic Devices
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