Europe Analog Semiconductor Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)

The Europe analog semiconductor market size reached around USD 16.04 Billion in 2024. The market is projected to grow at a CAGR of 5.40% between 2025 and 2034 to reach nearly USD 27.14 Billion by 2034. The market growth can be attributed to the enforcement of stringent regulatory standards for the production of consumer electronics items and increasing automation of manufacturing and industrial operations.

Europe Analog Semiconductor Market Report Summary

Market Size 2024

• USD Billion 16.04

Market Size 2034

• USD Billion 27.14
• CAGR 2025-2034
• 5.40%

CAGR 2025-2034- Market by Country

• Germany
• 6.2%

CAGR 2025-2034 - Market by Country

• United Kingdom
• 5.8%

CAGR 2025-2034 - Market by Form Factor

Integrated Circuits (ICs)

• 5.9%

CAGR 2025-2034 - Market by End Use

• Automotive
• 6.3%

Market Share by Country 2024

• Germany
• 17.9%

Europe Analog Semiconductor Market Growth

In 2022, around 30% of all employed people aged 15-74 years reported using digital devices for all/most of their working time in the European Union. Based on industry analysis, Luxembourg (47%) and Sweden and the Netherlands (41%) boast the highest rates of usage of digital devices. Other countries witnessing a similar trend include France (31.7%), Germany (31.7%), Spain (33.2%), and Norway (36.4%). This is expected to favourably impact the Europe analog semiconductor market as analog chips play a crucial role in processing, converting and amplifying different signals.

Analog semiconductors are increasingly found in smart home technologies and Internet of things (IoT) devices, where they handle continuous real-world signals. These chips process sensor data, enable power-efficient operations, and ensure stable connectivity. As IoT adoption grows, the demand for advanced analog components is steadily rising in Europe, thereby contributing to the Europe analog semiconductor market growth.

Europe’s focus on renewable energy and green technologies drives demand for analog semiconductors. As governments and industries invest heavily in solar farms, wind turbines, and energy storage systems, analog chips play a critical role in power conversion, voltage regulation, and grid stability. These components ensure efficient energy harvesting, smooth integration into power grids, and reliable performance under variable conditions. The growing commitment to clean energy solutions continues to propel the market, reflecting Europe’s leadership in sustainability-focused innovation.

Key Trends and Developments

Growing demand for energy-efficient devices; increasing automotive applications of analog semiconductors; expansion of industrial IoT and automation; and emphasis on reliability and standards compliance are favouring the Europe analog semiconductor market growth.

August 2024

The European Commission approved EUR 5 billion for a semiconductor manufacturing plant in Dresden, Germany, led by TSMC, Bosch, Infineon, and NXP. The facility will produce high-performance 28/22nm and 16/12nm chips on 300mm silicon wafers and serve automotive and industrial demand. Scheduled to reach full capacity by 2029, it will produce 480,000 wafers annually.

June 2023

Toshiba Electronics Europe GmbH introduced three low drop-out (LDO) regulators in its TCR1HF series. These devices offer high input voltage, low quiescent current, and fixed output voltages of 1.8V, 3.3V, and 5.0V. With robust performance, compact SOT-25 packaging, and features like overcurrent protection and thermal shutdown, they cater to USB power delivery and automation equipment. This innovation reflects immense Europe analog semiconductor market growth, driven by increasing demand for efficient, reliable power management solutions in diverse electronic applications.

May 2023

Analog Devices announced an investment of EUR 630 million in a new R&D and manufacturing facility in Limerick, Ireland, boosting European wafer production capacity threefold. This aligns with the EU’s IPCEI initiative to advance microelectronics. The facility is aimed at enhancing innovation, supply chain resilience, and collaboration across automotive, industrial, and healthcare sectors, driving growth and technological advancements.

August 2022

Aeva Technologies partnered with Germany’s Sick AG to supply lidar sensors for industrial automation, enhancing efficiency in manufacturing, mining, and logistics. This collaboration, integrating hardware and software, is being driven by demand for advanced sensors in automation and industrial applications, reflecting increased adoption of innovative technologies across diverse sectors.

Growing demand for energy-efficient devices

Europe’s focus on sustainability is driving the demand for energy-efficient analog semiconductors. These chips are crucial in managing power consumption in electric vehicles, renewable energy systems, and consumer electronics. As governments and industries strive for greener solutions, the adoption of analog semiconductors that support energy savings and reliable performance continues to grow.

Growing automotive applications of analog semiconductors

Europe’s thriving automotive industry, especially electric and autonomous vehicles, is fueling the need for advanced analog chips. From battery management to motor control and sensor interfaces, analog semiconductors play a vital role in meeting safety, efficiency, and performance standards in modern vehicles.

Expansion of industrial IoT and automation

The region’s increasing adoption of Industry 4.0 technologies and IoT solutions relies on analog semiconductors for precise sensor data conversion, signal conditioning, and efficient power management. As European factories transition to smarter, automated systems, the demand for robust analog components continues to grow, thereby shaping the Europe analog semiconductor market dynamics favourably.

Emphasis on reliability and standards compliance

Europe’s stringent regulatory environment and focus on quality have encouraged the development of highly reliable analog semiconductors. Companies are innovating to meet safety and environmental standards, ensuring that these components perform consistently under varying conditions, particularly in critical sectors like automotive and renewable energy.

Europe Analog Semiconductor Market Trends

Around 10.9 million passenger vehicles were manufactured in the EU in 2022, thereby recording a year-on-year growth of 8.3%. In 2023, the total number of vehicle registrations in Europe surged by 14% year-on-year to reach 10.6 million car registrations. Sports Utility Vehicles (SUVs) dominated overall sales with a share of 48% in new registrations. Based on industry analysis, evolving customer expectations for in-cabin experience and vehicle driving are positively impacting the Europe analog semiconductor market development.

Analog chips handle continuous signals from temperature, pressure, and airflow sensors, helping regulate fuel injection, emission controls, and overall engine performance. For electric and hybrid vehicles, analog semiconductors monitor voltage, current, and temperature in battery packs, ensuring safety and extending battery life. Besides, analog components provide precise control over electric motors used in electric power steering, traction control, and other drive functions, improving efficiency and responsiveness. This is contributing to the Europe analog semiconductor market growth.

Europe Analog Semiconductor Industry Segmentation

The report titled “Europe Analog Semiconductor Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Type

• General Purpose
• Application Specific

Breakup by Components

• Data Converters
• Amplifiers
• Power Management ICs
• Interface ICs
• Sensors
• Others

Breakup by Form Factor

• Integrated Circuits (ICs)
• Discrete Components

Breakup by End Use

• Aerospace and Defence
• Automotive
• Consumer Electronics
• Healthcare
• Industrial
• Others

Breakup by Country

• United Kingdom
• Germany
• France
• Italy
• Others

Europe Analog Semiconductor Market Share

Based on form factor, the market is segmented into integrated circuits (ICs) and discrete components. Over the forecast period of 2025-2034, integrated circuits (ICs) are expected to grow at a CAGR of 5.9% amid the growing trend of miniaturisation and increasing complexity of analog signal processing. The cost-effectiveness of integrated circuits (ICs), along with their increasing use in telecommunications, consumer electronics, and automotive applications, is driving the Europe analog semiconductor market development. Meanwhile, discrete components are expected to witness a healthy growth in the coming years as they provide enhanced flexibility in circuit designs and offer customisation benefits.

CAGR 2025-2034 - Market by

• Form Factor

Integrated Circuits (ICs)

• 5.9%
• Discrete Components

Leading Companies in the Europe Analog Semiconductor Market

Major market players are expanding their presence in Europe through R&D investments and EU-backed initiatives like IPCEI. As per the Europe analog semiconductor market analysis, companies are enhancing local production, targeting applications in EVs, ADAS, and industrial automation while collaborating on innovations to strengthen Europe's position in the global semiconductor market.

Microchip Technology Inc.

Microchip Technology Inc. was founded in 1987 and is headquartered in Arizona, United States. It is a semiconductor manufacturing company that serves over 125,000 customers across various industrial segments, including automotive, consumer goods, communications, and aerospace and defence, among others.

Skyworks Solutions Inc.

Skyworks Solutions Inc. was founded in 1962 and is headquartered in California, United States. It specialises in producing RF/analog semiconductors and other high-performance engineering solutions.

Qorvo Inc.

Qorvo Inc. was founded in 1991 and is headquartered in North Carolina, United States. It specialises in developing power amplifiers, antenna control solutions, antenna switch modules, and power management ICs, among other products.

Texas Instruments Inc.

Texas Instruments Inc. was founded in 1930 and is headquartered in Dallas, United States. It specialises in producing microcontrollers, power management solutions, and analog semiconductors, among other items.

Other players included in the Europe analog semiconductor market report are Infineon Technologies AG, Analog Devices, Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., and MediaTek Inc., among others.