Press release
Digital Potentiometer IC Market 2022 Leading Competitors, Regional Trends And Growth Trends 2030
Digital Potentiometer IC Market
Digital potentiometer is an electronic device that is used to restore the conservative passive potentiometer.
To design the digital potentiometer IC parameters are considered. For protection from environmental factors digital potentiometer is encapsulated.
Digital potentiometer is used for audio level control, for sensor trimming, in optical networks, for level adjustment in filters and in automotive electronics.
Global Digital Potentiometer IC Market: Overview
This Market is presently worth USD 360.93 million and is poised to amplify at a CAGR of 4.9% over 2022-2030, thereby amassing a valuation of USD 529.21 million by end of the assessment timeline.
The major parameters that drives the growth of the digital potentiometer IC market are the compact size and multiple potentiometer can be integrated on a single IC with up to 6 channels.
One of the major factor that restricts the digital potentiometer IC is the current limit.
However, due to the availability of the potentiometer with a tolerance of 1%, the growth of the digital potentiometers is anticipated.
Key Trends: Growth Determinants and Challenges
• Increasing demand due to the small size of digital potentiometer IC
Digital potentiometers are smaller than mechanical potentiometer due to which it is easy to carry the digital potentiometer IC. As the size of the digital potentiometer is smaller, it can fit in tiny IC packages. Due to smaller size the usage of digital potentiometer increases which increases the demand for digital potentiometer IC market.
• Less exposure to tampering and vibration
Digital potentiometer IC are less vulnerable to physical tampering and vibration due to the features of digital potentiometer IC. Digital Potentiometer being an IC offers more features than mechanical potentiometer. Digital potentiometer offers high resolution, stability, and reliability which is driving the growth of digital potentiometer IC market.
Competitive Landscape:
• Microchip Technology Inc.
• Texas instruments
• Freescale semiconductors
• Maxim Integrated
• ON Semiconductor
• Analog Device
• Parallax Inc.
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Segmental Analysis of Global Digital Potentiometer IC Market:
Based on Product Type
• 5 Bits
• 6 Bits
• 7 Bits
• 8 Bits
• 10 Bits
Based on Application
• Communication Products
• Automotive
• Home Appliance
• Others
Based on Memory
• Volatile
• Non-volatile
Based on Region
North America (US, Canada), Europe (UK, France, Spain, Italy, Germany), Asia-pacific (India, China, Japan, South Korea, Australia), Latin America (Mexico, Brazil), Middle East and Africa (UAE, Saudi Arabia, South Africa)
North America and Europe holds significant market share due to presence of digital potentiometer manufacturers and solution providers in various countries in the region. Usage of sensor and digitization technology for tracking are the factors driving the growth of digital potentiometer IC market in these regions.
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Major Questions Answered In The Report:
• What are the major growth determinants, trends and challenges in this Market?
• Which top companies are contributing in the growth this Market?
• Which regional segment accounts for the largest revenue in this Market?
Key Takeaways From The Report:
• Deep insights on regional analysis coupled with other segmental analysis.
• Growth factors, trends, and challenges in the market.
• The Global Digital Potentiometer IC Market is presently worth USD 360.93 million and is poised to amplify at a CAGR of 4.9% over 2022-2030, thereby amassing a valuation of USD 529.21 million by end of the assessment timeline.
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WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
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