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Amplifier And Comparator Integrated Circuits (ICs) Global Market Worth $5.2 Billion By 2028 Rapid Growth Predicted CAGR of 5.9%
Amplifier And Comparator Integrated Circuits (ICs) Market
According to The Business Research Company's, the amplifier and comparator integrated circuits (ICs) market size has grown strongly in recent years. It will grow from $3.90 billion in 2023 to $4.13 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to the growing adoption of infotainment, increasing consumer electronics production, the complexity of automotive digital applications, the rise of digital comparators, and the increasing number of sensors.
The amplifier and comparator integrated circuits (ICs) market size is expected to see strong growth in the next few years. It will grow to $5.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing demand for electric vehicles, increasing demands for support and service, rise in product miniaturization, rising demand for consumer electronics, and growing popularity of integrated amplifiers. Major trends in the forecast period include increasing demand for IoT devices, the growing trend towards miniaturization and integration of amplifier and comparator ICs, advancements in automotive electronics, advances in industrial automation, and development in 5G and wireless infrastructure support.
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Market Drivers and Trends:
The rising adoption of automation and robotics in the industrial sector is expected to propel the growth of the amplifier and comparator integrated circuit (IC) market going forward. Automation and robotics involve using cutting-edge technology to handle tasks once done by humans, boosting efficiency, accuracy, and productivity in industrial activities. Automation and robotics are on the rise in industries due to the need for higher productivity, lower labor costs, and better-quality control. Amplifier and comparator ICs are crucial in automation and robotics for processing signals. Amplifiers boost weak signals to operate motors or sensors, and comparators compare signals to make decisions, allowing precise control of robotic systems. For instance, in September 2023, according to a report published by the International Federation of Robotics, a Germany-based organization for robotics research, there were 553,052 industrial robot installations in factories worldwide in 2022, marking a 5% year-on-year growth rate. Therefore, the rising adoption of automation and robotics in the industrial sector drives the amplifier and comparator integrated circuit (IC) market.
Major companies operating in the amplifier and comparator integrated circuits (ICs) market are developing advanced products, such as next-generation smart audio amplifiers, to meet the increasing demand for high-quality audio solutions in consumer electronics and automotive applications. A next-generation smart audio amplifier is a high-tech audio amplifier device that is part of amplifier IC which improves sound quality and efficiency in electronics using advanced digital technology. For instance, in April 2024, Goodix Technology, a China-based semiconductor manufacturing company, launched the TFA9865 device. It is a smart amplifier designed for mobile audio applications. This compact device features a fully digital architecture, enhancing audio performance with higher power efficiency, increased sound volume, and reduced noise. It offers superior sound quality for mobile devices while minimizing power consumption.
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Major Key Players of the Market:
Qualcomm Technologies Inc., Broadcom Inc., Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, Onsemi, Microchip Technology Inc., Skyworks Solutions Inc., ROHM Co. Ltd., Diodes Incorporated, Cirrus Logic Inc., Linear Technology Corporation, Semtech Corporation, Unisonic Technologies Co. Ltd., ABLIC Inc., Apex Microtechnology
Amplifiers and comparator integrated circuits (ICs) Market 2024 Key Insights:
• The amplifier and comparator integrated circuits (ICs) market size is expected to see strong growth in the next few years. It will grow to $5.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
• Impact Of Automation And Robotics In The Industrial Sector On The Amplifier And Comparator IC Market
• Innovative Developments In Amplifier And Comparator IC Technologies
• North America was the largest region in the amplifiers and comparator integrated circuits (ICs) market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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