Published Date: 9-Mar-2021
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According to a new report Global Mixed Signal IC Market, published by KBV research, The Global Mixed Signal IC Market size is expected to reach $141.5 billion by 2026, rising at a market growth of 7.6% CAGR during the forecast period.
There is a high impact of COVID-19 on end-use and economy. In order to contain the spread of COVID-19, electronics manufacturing hubs have been close down on a temporary basis. The COVID-19 caused shortages of components and finished goods, significantly impacted the supply chain of the mixed-signal IC market. The absence of business continuity has adversely impacted shareholder returns and revenue, which are anticipated to create financial constraints in the mixed-signal IC market.
The Mixed Signal SoC market dominated the Global Mixed Signal IC Market by Type in 2019. Data converters would exhibit a promising growth rate during the forecast period. For conversion of signals analog and digital) into one another, data converters are utilized. Data transmission can be accelerated by using data converters, which enhances the devices’ performance. Moreover, data converters possess control abilities and can improve processing, which increases the adoption of data converters in various applications like consumer electronics, communication network infrastructure, and automotive.
The Consumer Electronics market dominated the Global Mixed Signal IC Market by End User in 2019, growing at a CAGR of 6.2 % during the forecast period. The Medical & Healthcare market is exhibiting a CAGR of 6.8% during (2020 - 2026). The Telecommunication market is experiencing a CAGR of 8.7% during (2020 - 2026). Additionally, The Automotive market is expected to witness a CAGR of 8.8% during (2020 - 2026).
The Asia Pacific market dominated the Global Mixed Signal IC Market by Region in 2019, and would continue to be a dominant market till 2026. The Europe market is showcasing a CAGR of 7.5% during (2020 - 2026). Additionally, The North America market is estimated to grow at a CAGR of 7.4% during (2020 - 2026).
Processors brought a transformation in the mixed-signal IC market. The present business scenarios have been observing high demand for mixed-signal ICs across several industry verticals, specifically in the developed regions like the U.S., Asia-Pacific, and Europe. Companies are increasingly introducing innovative products on the basis of mixed-signal ICs and their need, due to their high application in end-use sectors like medical & healthcare, automotive, consumer electronics, telecommunication, and military & defense. Owing to this aspect, the global mixed-signal IC market is expected to witness high growth in the next few years.
Full Report: https://www.kbvresearch.com/mixed-signal-ic-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Analog Devices, Inc., Broadcom, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments, Inc., Intel Corporation, Telephonics Corporation (Griffon Corporation), and Ensilica Limited.
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