Global Latch & switch ICs Market Growth 2025-2031

The global Latch & switch ICs market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Latches and switch chips are based on the principle of the Hall effect, converting information about the magnetic field strength of a magnet into a digital signal (1 or 0). Therefore, its output is On or Off, depending on the applied magnetic field. From the position of the magnet, the latch and switch chip can determine the actual position of the object.

The global market for semiconductor was estimated at US$ 579 billion in the year 2022, is projected to US$ 790 billion by 2029, growing at a CAGR of 6% during the forecast period. Although some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.76%, Sensor with 16.31%, and Logic with 14.46% growth, Memory declined with 12.64% year over year. The microprocessor (MPU) and microcontroller (MCU) segments will experience stagnant growth due to weak shipments and investment in notebooks, computers, and standard desktops. In the current market scenario, the growing popularity of IoT-based electronics is stimulating the need for powerful processors and controllers. Hybrid MPUs and MCUs provide real-time embedded processing and control for the topmost IoT-based applications, resulting in significant market growth. The Analog IC segment is expected to grow gradually, while demand from the networking and communications industries is limited. Few of the emerging trends in the growing demand for Analog integrated circuits include signal conversion, automotive-specific Analog applications, and power management. They drive the growing demand for discrete power devices.

LP Information, Inc. (LPI) ' newest research report, the “Latch & switch ICs Industry Forecast” looks at past sales and reviews total world Latch & switch ICs sales in 2024, providing a comprehensive analysis by region and market sector of projected Latch & switch ICs sales for 2025 through 2031. With Latch & switch ICs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Latch & switch ICs industry.

This Insight Report provides a comprehensive analysis of the global Latch & switch ICs landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Latch & switch ICs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Latch & switch ICs market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Latch & switch ICs and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Latch & switch ICs.

This report presents a comprehensive overview, market shares, and growth opportunities of Latch & switch ICs market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Unipolar Switch Chip
Bipolar Switch Chip
Omnipolar Switch Chip

Segmentation by Application:
Consumer Electronics
Automotive Electronics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Melexis
Allegro MicroSystems
Asahi Kasei Microdevices
Analog Devices
Nexperia
Diodes Incorporated
Texas Instruments
onsemi
ABLIC
Infineon Technologies
Honeywell
Unisonic Technology Co
Magn Tek
Vishay Intertechnology
ROHM
Microchip
Renesas Electronics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Latch & switch ICs market?

What factors are driving Latch & switch ICs market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Latch & switch ICs market opportunities vary by end market size?

How does Latch & switch ICs break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.