The mixed signal IC market comprises a broad range of ICs which have both analog and digital circuitry components on the same chip. Mixed signal ICs are commonly used in control and communication systems where analog signals need to be sampled, stored and converted into digital data for processing. The rising demand for automation across various industries has driven the need for advanced mixed signal ICs that can control and monitor equipment efficiently and accurately. Mixed signal ICs provide an optimal solution by facilitating signal conversion and management of complex systems.
The Global mixed signal IC market is estimated to be valued at US$ 213.42 Bn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the mixed signal IC market include AMS OSRAM AG, Analog Devices Inc., Broadcom Inc., Cirrus Logic Inc., Diodes Inc., EnSilica Ltd., Infineon Technologies AG, Lattice Semiconductor Corp., Marvell Technology Inc., MaxLinear Inc., Microchip Technology Inc., Mixed Signal Integration, National Instruments Corp., NXP Semiconductors NV, Renesas Electronics Corp., Semtech Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Telephonics Corp., and Texas Instruments Inc.
The growing adoption of industrial automation and internet of things (IoT) devices is providing numerous opportunities for Mixed Signal IC market Demand manufacturers to develop specialized ICs for continuous monitoring, process control and machine vision applications. Advancements in 5G networks and infrastructure are also driving demand for mixed signal ICs for baseband processing, back-end RF management and power amplifiers.
The rising investments by global mixed signal IC players in emerging economies of Asia Pacific and Latin America are helping expand market presence. Key players are focusing on strategic partnerships with local players to cater to the specific requirements of regional automation and manufacturing sectors. Countries with strong manufacturing sectors such as China, India, South Korea and Taiwan are expected to witness fastest market growth during the forecast period.
Market Drivers
The growing adoption of automation solutions across process and discrete industries is a major market driver for mixed signal ICs. Automation equipment such as robots, machines, process controllers widely use mixed signal ICs for motor control, motion control, sensor interfaces, closed-loop control applications. Furthermore, the demand for mixed signal ICs is increasing from various consumer electronics, automotive, healthcare and networking sectors as they help process both analog and digital signals in applications such as infotainment, driver assistance systems, medical equipment and data transfer. Hence, the rising demand for automation solutions is expected to significantly contribute to the growth of the mixed signal IC market during the forecast period from 2024 to 2031.
PEST Analysis
Political: The mixed signal IC market is influenced by policies and regulations related to electronics and semiconductor industry. Regulations related to RoHS and WEEE impact component design and manufacturing processes.
Economic: The economic conditions influence spending on electronic products which incorporate mixed signal ICs. A growth in the global economy results in higher spending on consumer electronics and automotive electronics boosting demand.
Social:Rising affluence and changing consumer preferences drive demand for more sophisticated electronic products. Consumers spending more on connectivity devices, infotainment and luxury automotive features creating opportunities.
Technological: Advancements in process technologies allow fabricating complex mixed signal circuits on a single chip. New applications are emerging in areas like autonomous vehicles, Internet of Things devices utilizing technologies like 5G connectivity and edge computing.
The mixed signal IC market in terms of value is concentrated in regions with strong electronics manufacturing base and large domestic markets for consumer electronics. North America and Asia Pacific account for more than 70% share of the global mixed signal IC market currently led by the US, China, Japan, South Korea and Taiwan. These regions are home to leading semiconductor companies as well as OEMs manufacturing wide range of electronic products. The automotive industry clusters in Germany, UK and rest of Europe also contribute to mixed signal IC demand from the region.
The fastest growing region for mixed signal IC market between 2024-2031 will be Asia Pacific mainly driven by China and India. With rising disposable incomes, the consumer electronics market in these countries is expanding rapidly driving demand for devices across various price points utilising mixed signal chips. The Asia Pacific region is also a major hub for electronics manufacturing attracting investments. This along with homegrown brands establishes Asia Pacific as the growth engine for mixed signal IC market in the coming years.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
About Author - Ravina Pandya
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