Press release
Envelope Tracking Chip Market 2022| Drivers, Opportunities, Trends, and Forecast by 2027
According to a new report published by Allied Market Research, titled, Envelope Tracking Chip Market By Technology, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027The global envelope tracking chip market size was valued at $1.57 billion in 2019, and is projected to reach $3.15 billion by 2027, growing at a CAGR of 9.6%. Asia-Pacific region is expected to be the leading contributor to the global envelope tracking chip market during the forecast period, followed by Europe and North America.
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An envelope tracking chip is a device that is used to enhance the efficiency of RF power amplifiers. It provides some noteworthy advantages on battery life by minimizing the power used in Radio Frequency amplifiers. Generally, it finds applications in several fields where Radio Frequency power amplifier efficiency is a problem. It is widely used in AM broadcast transmitters to fields such as cellular communications network and in electronic devices. In this technique power dissipation is reduced by supply the required voltage to the RF power amplifier.
The global envelope tracking chip market is anticipated to witness significant growth over the forecast period. Factors such as better signal coverage, reduced heat dissipation, and increased battery life drive the growth of market. However, requirement of high bandwidth and complex architecture for designing ET module is a major restraint to global envelope tracking chip industry. In addition, increase in adoption of advance technologies in the field of telecom sector is expected to create opportunities for envelope tracking chip industry.
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Moreover, developing nations tend to witness high penetration of envelope tracking chips products specially in consumer electronics segments. Factors such as surge in usage of tablets, smartphone, laptops, 4G, 5G, and IoT, across the globe boost the demand for the market.
The global envelope tracking chip market is segmented into technology, application, end user, and region. By technology, the market is segmented into cellular communications, wireless communications, and satellite communications. Based on application, the market is classified into smart phones, wearable devices, and others. Depending on end user, the market is segregated into consumer electronics, space and aviation, automotive, telecommunications, and others.
Region wise, the envelope tracking chip market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed maximum revenue in 2019. However, between 2019 and 2027, the envelope tracking chip market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from the emerging economical countries such as India, China, Japan and south Korea.
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The companies such as Analog Devices, Inc., Efficient Power Conversion Corporation, Maxim Integrated, MediaTek, Qorvo, Qualcomm, Inc., R2 Semiconductor, Inc., Samsung, Skyworks Solutions, Inc., and Texas Instruments are considered as key players in envelope tracking chip market analysis. These players have adopted various strategies such as product launch, acquisition, and collaboration to expand their foothold in the industry.
Key Findings Of The Study
• The consumer electronics segment is projected to be the major application over the forecast period followed by telecommunication. The rising demand for laptops, smartphones, and wearable devices is anticipated to drive demand in the future.
• Asia-Pacific and North America collectively accounted for more than 70% of the envelope tracking chip market share in 2019.
• India is anticipated to witness the highest growth rate during the forecast period.
• U.S. was the major shareholder in the North America envelope tracking chip market, accounting for approximately 61% share in 2019.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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