Mobile Digital ICs Market Set to Surpass $36.84 Billion by 2032: Exploring the Latest Breakthroughs in Edge AI, Neuromorphic Chips, and IC Verification

The global Mobile Digital Integrated Circuits (ICs) market is on a transformative trajectory. Valued at US$ 23.67 billion in 2024, it is projected to reach US$ 36.84 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period (2025–2032). This robust growth is being fueled by escalating demand for edge computing, power-efficient devices, AI-based verification, and advanced SoC (System-on-Chip) integration in smartphones, wearables, and IoT applications.

In this blog, we’ll break down the latest breakthroughs and strategic industry shifts driving the mobile digital ICs industry forward in 2025 and beyond.

1. AI-Driven IC Verification: Siemens Unveils ‘Questa One’

A groundbreaking development in chip design came from Siemens, which launched Questa One—an AI-powered verification suite. This tool drastically accelerates and simplifies the IC verification process, cutting time by up to 50x in some applications.

Key Features:

  • Uses generative AI to create and optimize test benches.
  • Capable of functional, fault, and DFT (Design-for-Test) verification.
  • Designed for 3D-ICs, heterogeneous SoCs, and advanced mobile chips.

Impact: With more complex mobile chips entering the market, this development is a game-changer. It enables faster time-to-market, fewer errors, and lower design costs—a crucial advantage in the competitive mobile IC space.

2. Neuromorphic MCUs for Edge Devices: Innatera Leads the Way

Innatera, a deep-tech semiconductor startup, has launched a revolutionary neuromorphic microcontroller (MCU). Unlike traditional digital ICs, neuromorphic chips mimic the way the human brain processes information.

Highlights:

  • Offers 100x lower latency and 500x less energy consumption than standard MCUs.
  • Ideal for always-on sensing, speech recognition, and gesture control.
  • Targets smartphones, wearables, and smart home ecosystems.

Strategic Significance: As mobile devices increasingly rely on on-device AI and ultra-low-power processing, neuromorphic ICs could become the next big evolution, enabling smarter and longer-lasting devices.

3. High-Speed Digital IC Innovation: The 2 GHz Leap

A major technical milestone was announced by Mixed-Signal Devices, which introduced a 2 GHz high-speed timing IC. Built on scalable CMOS technology, this chip brings a new level of performance and integration to mobile IC platforms.

Technical Advantages:

  • Supports faster data synchronization and communication in mobile SoCs.
  • Enables real-time processing for multimedia and AI features.
  • Reduces footprint while improving accuracy and power management.

This innovation is expected to power future 5G smartphones, AR/VR platforms, and autonomous edge devices, providing the timing precision required for latency-sensitive tasks.

4. Strategic Acquisitions: Qualcomm’s Move to Acquire Alphawave

In a bold move, Qualcomm has announced its intent to acquire Alphawave Semiconductor, a key player in chiplet interconnects and high-speed IPs. This acquisition positions Qualcomm to lead in modular chip architectures critical for mobile platforms.

Why It Matters:

  • Strengthens Qualcomm’s chiplet and SoC interconnect portfolio.
  • Enhances design flexibility and power efficiency for mobile chipsets.
  • Could catalyze faster innovation cycles in next-gen Snapdragon platforms.

This M&A signals a future where modular IC design will become mainstream, supporting high-performance mobile applications with lower production overhead.

5. Digital Power Management ICs: The Quiet Backbone of Mobile Devices

While not as flashy as AI or neuromorphic breakthroughs, digital power management ICs (PMICs) continue to evolve steadily. Reports show the PMIC market was valued at USD 2.48 billion in 2024, and continues to grow steadily at 2.7% CAGR.

These ICs are pivotal in optimizing:

  • Battery life
  • Thermal performance
  • Dynamic power scaling

Mobile device makers are increasingly integrating intelligent PMICs that adapt in real-time to usage patterns, enabling better energy efficiency without sacrificing performance.

6. Market Outlook (2025–2032): What’s Next for Mobile Digital ICs?

MetricValue (2024)Projected (2032)CAGR (2025–2032)
Market SizeUS$ 23.67 BillionUS$ 36.84 Billion6.5%

Key Growth Drivers:

  • Soaring demand for edge AI and machine learning on mobile platforms.
  • Widespread adoption of 5G and future 6G network infrastructures.
  • Emerging trends in modular IC design and chiplet-based architectures.
  • IoT proliferation across wearables, healthcare, and smart cities.

Top Application Areas:

  • Mobile Phones (Flagship & Mid-range)
  • Wearables (Smartwatches, Fitness Trackers)
  • AR/VR Headsets
  • IoT Sensors and Hubs
  • Automotive Infotainment and Navigation

The mobile digital IC industry is entering a new era marked by AI-enhanced development, neuromorphic efficiency, and strategic convergence across design and manufacturing. With the market forecasted to grow from US$ 23.67 billion in 2024 to US$ 36.84 billion by 2032, the industry is poised for technological and economic acceleration.

Companies like Siemens, Qualcomm, Innatera, and Mixed-Signal Devices are not just shaping the future—they’re redefining what’s possible in a mobile-first world.

Stay tuned as we continue to track the evolution of digital ICs, where every nanometer matters and innovation is measured in microseconds.

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