Increase in the 5G technology adoption and requirement for devices that consume less power fuel the global mixed signal IC market growth.
Allied Market Research published a report, titled, “Mixed Signal IC Market by Type (Mixed Signal SoC, Microcontroller, and Data Converter) and End Use (Consumer Electronics, Medical & Healthcare, Telecommunication, Automotive, and Military & Defense): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report,the global mixed signal IC industry garnered $94.10 billion in 2019, and is projected to garner $149.80 billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027.
Prime determinants of growth
Increase in the 5G technology adoption and requirement for devices that consume less power fuel the global mixed signal IC market growth. However, the intricate integration process restrains the market growth. Contrarily, increase in applications in the automotive sector creates new opportunities in the coming years.
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Covid-19 Scenario
- Manufacturing activities have been stopped due to lockdown implemented in different countries. Furthermore, there have been disruptions in the supply chain and businesses have been slowed down. Trade barriers have limited the overall supply.
- The demand for mixed signal ICs lowered down from the automotive industry considerably as daily operations stopped in the industry. Production and sales of automotive vehicles have been either halted or lowered down.
- Owing to disruption in business operations in the semiconductor and electronics industry, the demand has been affected. However, the demand is expected to rise steadily during the post-lockdown.
The mixed signal SoC segment to maintain its leadership status throughout the forecast period
By type, the mixed signal SoC segment accounted for nearly four-fifths of the total share of the global mixed signal IC market in 2019, and is estimated to maintain its leadership status throughout the forecast period. In addition, this segment is projected to portray the highest CAGR of 6.9% from 2020 to 2027. This is due to increase in applications of mixed signal SoC in mobile phones. The report offers an extensive analysis of segments such as microcontroller and data converter.
The consumer electronics segment to maintain its lead position by 2027
By end-use industry, the consumer electronics segment held more than half of the total market share of the global mixed signal IC market in 2019, and is expected to maintain its lead position by 2027. Moreover, this segment would manifest the highest CAGR of 7.1% during the forecast period. This is attributed to the presence of the huge number of applications such as mobile phones along with adoption of 5G technology and low power consumption devices. The report also discusses the segments such as telecommunication, automotive, medical & healthcare, and military & defense.
North America to maintain its dominance in terms of revenue throughout the forecast period
By region, North America contributed to the highest market share in 2019, accounting for nearly two-fifths of total share, and will maintain its dominance in terms of revenue throughout the forecast period. This is due to early adoption of the emerging technologies and increase in applications of the mixed signal IC in the consumer electronics industry. However, Asia-Pacific is projected to witness the fastest CAGR of 7.7% from 2020 to 2027, owing to presence of large number of consumers and rise in applications of consumer electronics and telecommunication industry.
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Leading market players
- Analog Devices
- Cypress Semiconductor Corporation
- Broadcom Inc.
- Ensilica Ltd.
- Dialog Semiconductor
- Renesas Electronics Corporation
- NXP Semiconductor
- Telephonics Corporation
- STMicroelectronics
- Texas Instrument
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