Press release
Mixed Signal IC Market size is projected to reach $149.80 billion by 2027
According to a recent report published by Report Ocean, titled, “Mixed Signal IC Market by Type and End Use: Opportunity Analysis and Industry Forecast, 2020–2027,” the global industry size was valued at $94.10 billion in 2019, and is projected to reach $149.80 billion by 2027, registering a CAGR of 6.6% from 2020 to 2027.GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1557
The mixed signal IC market is expected to register substantial growth in the future, owing to increase in demand from the consumer electronics and telecommunication industries. This is attributed to the fact that mixed signal ICs are integrated into most devices such as mobile phones, cameras, implantable devices, and modems routers, owing to their compact size and high productivity.
The mixed signal SoC segment was the largest revenue contributor in 2019, and is expected to grow at a CAGR of 6.9% from 2020 to 2027. This is attributed to the fact that mixed signal SoCs are widely used across number of end-use industries such as consumer electronics, medical & healthcare, IT & telecommunication, military & defense, and automotive. Moreover, low power consumption by mixed signal SoCs notably boosts their adoption, globally.
Region wise, the mixed signal IC market share has been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America garnered the highest revenue in 2019; however, the market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. Factors such as increase in adoption of 5G technology, low power consumption by mixed signal ICs, and rise in demand for consumer applications are expected to contribute toward the market growth in Asia-Pacific.
COVID-19 impact analysis
The COVID-19 pandemic has severely impacted the global mixed signal IC market revenue as production facilities have been halted, which significantly hampers the demand in industries. In addition, operations of production and manufacturing industries have been heavily impacted by the COVID-19 outbreak, which leads to the slowdown in the global mixed signal IC market growth.
Key findings of the study
By type, the mixed signal SoC segment generated the highest revenue in the in 2019.
Depending on end use, the consumer electronics segment was the highest revenue contributor in the global mixed signal IC market in 2019.
The mixed signal IC market leaders profiled in the report include Analog Devices, Broadcom Inc., Cypress Semiconductor Corporation, Dialog Semiconductor, Ensilica Ltd., NXP Semiconductor, Renesas Electronics Corporation, STMicroelectronics, Telephonics Corporation, and Texas Instrument. These players have adopted various strategies such as product development, business expansion, joint venture, collaboration, investment, and acquisition to strengthen their foothold in the global mixed signal IC market.
READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1557
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