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Exploring the Amplifiers and Mixers Market: Growth and Opportunities in 2024
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According to The Business Research Company's, The amplifiers market size has grown marginally in recent years. It will grow from $1.05 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 0.7%. The growth in the historic period can be attributed to audio and entertainment industry, telecommunications and networking, consumer electronics, automotive industry, aerospace and defense.
The amplifiers market size is expected to see marginal growth in the next few years. It will grow to $1.11 billion in 2028 at a compound annual growth rate (CAGR) of 1.3%. The growth in the forecast period can be attributed to 5g technology, iot and connectivity, electric vehicles, miniaturization and efficiency, home audio and smart speakers. Major trends in the forecast period include digital amplifiers, 5g and wireless communication, gan and gaas amplifiers, automotive amplifiers, iot and smart devices.
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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 by 1,500 million tons by 2030. Therefore, the rise in demand for energy-efficient electronic products is increasing the demand for amplifiers market.
The 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 October 2020, Taiwan-based consumer-electronics and computer ICs provider introduced new mono smart amplifier devices, NAU83G10 and NAU83G20, with integrated Controlled Sound (KCS) technology. In comparison to the older, linear model-based smart amplifiers, the NAU83G10 and NAU83G20 belong to a new class of smart amp devices that can produce maximum output at the greater sound quality from smaller speakers with precise speaker protection and real-time speaker diagnostic data.
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Major Key Players of the Market:
STMicroelectronics, Texas Instruments, NXP Semiconductors, Maxim Integrated Product Inc, Analog Devices, Toshiba Electronic Devices & Storage Corporation, Infineon Technologies, Yamaha Corporation, Qualcomm Incorporated, Renesas Electronics, Skyworks solutions, Quorvo, Peavy Electronics Corporation, Broadcom Limited, Dialog Semiconductors, Integrated Silicon Solutions Inc, Cirrus Logic, ON Semiconductor Corp, Fuji Electric Co. Ltd., Asea Brown Boveri (ABB) Ltd., IXYS Corporation, OSD Audio, Voice Booster, Kenwood Corporation, Foshan ShuangMuSanLin electronics, Onkyo & Pioneer Corporation, NobSound, Cambridge Audio, Macom, Bonn Elektronik, Samson Technologies Corp., Alesis, Alto Professional, AtlasIED, TOA Corporation, Bogen Communications Inc., Bosch Security Systems Inc., Biamp Systems, Ashly Audio Inc., Crown Audio Inc.
Amplifiers And Mixers Market 2024 Key Insights:
• The amplifiers market size is expected to see marginal growth in the next few years. It will grow to $1.11 billion in 2028 at a compound annual growth rate (CAGR) of 1.3%.
• Energy-Efficiency Drive Fuels Growth In The Amplifiers Market
• Smart Power Amplifiers Revolutionizing The Amplifier Market
• Asia Pacific was the largest region in the amplifiers market in 2023
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