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Amplifiers And Mixers Market Demand, Evolving Trends, Future Perspectives, Size, Share And ForecastTo2033
Amplifiers And Mixers Market Demand
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According to The Business Research Company's, The amplifiers and mixers market size has grown steadily in recent years. It will grow from $1.08 billion in 2023 to $1.12 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to audio recording and production, live sound reinforcement, consumer electronics, broadcasting and radio, professional and commercial av.
The amplifiers and mixers market size is expected to see steady growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to immersive audio and spatial sound, 5g and streaming services, home automation and smart speakers, live streaming and content creation, pro av and conferencing. Major trends in the forecast period include digital signal processing (dsp), networked audio and dante protocol, compact and portable amplifiers, analog warmth and tube emulation, remote control and monitoring.
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Market Drivers and Trends:
The rise in demand for energy-efficient electronic products globally contributes to the growth of the amplifiers market. Energy-efficient products use less energy compared to other products and will enhance the level of energy conservation. Energy-saving power amplifiers are gaining increasing momentum due to their energy-conservative nature, and are highly efficient. These amplifiers are used in the manufacturing of electronic products. The primary demand for energy-efficient products in India is expected to grow to 1,500 million tons by 2030. Therefore, the rise in demand for energy-efficient electronic products is increasing the demand for amplifiers.
A smart power amplifier (SPA) is a key trend driving the growth of the amplifier market. A smart power amplifier with voltage-tripling is designed to boost audio quality and also increase the efficiency of wireless speakers, watches, phones, and tablets. In June 2023, Bose Professional, a US-based audio equipment company, launched a new series of adaptable power amplifiers called PowerShareX in collaboration with Powersoft. The PowerShareX series includes three models such as PSX1204D, PSX2404D, and PSX4804D, offering 1200, 2400, and 4800 watts of rated power across four channels joined by Dante networking. The PowerShareX amplifiers are designed to integrate with the company's DSPs and loudspeakers as well as the entire ControlSpace ecosystem.
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Major Key Players of the Market:
STMicroelectronics NV, Texas Instruments Incorporated, NXP Semiconductors Inc., Maxim Integrated Product Inc., Analog Devices In., Toshiba Electronic Devices & Storage Corporation, Infineon Technologies AG, Yamaha Corporation, Qualcomm Incorporated, Renesas Electronics Corporation, Skyworks solutions Inc., Quorvo Inc., Peavy Electronics Corporation, Broadcom Inc., Dialog Semiconductors plc, Integrated Silicon Solutions Inc., Cirrus Logic Inc., ON Semiconductor Corp., Fuji Electric Co. Ltd., ABB Ltd., IXYS Corporation, Outdoor Speaker Depot Inc., Kenwood Corporation, SMSL Audio, Onkyo & Pioneer Corporation, Cambridge Audio Limited, MACOM Technology Solutions Holdings Inc., Bonn Elektronik GmbH, Ophir RF Inc., CML Microsystems plc, Analogic Corporation, ETS-Lindgren Inc., Murata Manufacturing Co. Ltd., TriQuint Semiconductor Inc.
Amplifiers Market 2024 Key Insights:
• The amplifiers and mixers market size is expected to see steady growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%.
• Elevated Demand For Energy-Efficient Electronic Products Drives Amplifiers Market Growth
• Smart Power Amplifiers Revolutionize The Amplifier Market
• Asia-Pacific was the largest region in the amplifiers and mixers market in 2023
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