Buzzer Driver Chip Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Buzzer Driver Chip Market Size

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.

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The high voltage type of the buzzer driver chip can adapt to a wide operating voltage range and maintain a constant volume for sound driving, which is used to drive the buzzer to sound.

The global Buzzer Driver Chip market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

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.

This report aims to provide a comprehensive presentation of the global market for Buzzer Driver Chip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Buzzer Driver Chip.

By Type
• Electromagnetic
• Piezoelectric

By Application
• Computer
• Alarm System
• Electric Toys

Key Companies
Magnachip, Infineon Technologies, Microchip Technology, NXP Semiconductors, Texas Instruments, Power Integrations, Fairchild Semiconductor, Cypress Semiconductor, Qingdao Topscomm Communication, Mornsun Guangzhou Science &Technology, Shenzhen SinOne Microelectronics

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This release was published on openPR.