Global Amplifier and Comparator IC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Amplifier and Comparator IC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Amplifier and Comparator IC Market is expected to register a CAGR of 4.3% during the forecast period. The electronics industry is one of the major consumers of comparator IC. The pandemic has disrupted the supply chain and hindered the equilibrium of the market; steadily escalating electronics, automobile, and health care sectors will supplement the growth of the comparator IC market over the forecast period. The end-use industry of comparator IC is presumed to emphasize the demand-supply equilibrium.

Key Highlights

• The rising demand for compact electronic devices, such as smartphones, has resulted in a high level of integration on a single integrated circuit (IC). The frequent releases of new smartphones with advanced features compel vendors to modify the manufacturing process and design new products that have increased the growth of amplifiers and comparators for electronic devices.
• Many industries, such as food processing, automotive assembly, oil refining, and manufacturing, are increasingly adopting process control techniques to ensure smooth process flow and higher throughput. The increasing number of sensors being integrated to facilitate industrial automation will drive the demand for amplifiers and comparators IC in the industrial sector during the forecast period.
• The global proliferation of electronic gadgets among millennials, health-care appliances, and upcoming HEVs and EVs in the automotive sector is a strong indication for the comparator IC industry. The growth of the comparator IC market will be aided by rising technical advancement and a steady stream of innovative technologies. Over the forecasted period, comparator IC has a lot of potential to support the exponentially growing electronics and vehicle industries.

Key Market TrendsAutomotive Expected to Witness Significant Market Share

• The increasing demand for electric vehicles worldwide and to keep drivers safe, amplifiers and comparator integrated circuits are used in vehicles. Comparator ICs improve connectivity driving and safety innovation among drivers, which is expected to fuel market demand. The rapid electrification of vehicles is driving the growth of the automotive amplifiers and comparator IC market.
• The growing adoption of advanced driver-assistance systems (ADAS) and increasing government regulations globally mandating ADAS are also expanding the scope of this segment. Also, the growing adoption of infotainment in vehicles is expected to provide growth opportunities. The growing complexity of automotive digital applications requires the constant evolution of amplifiers and comparator IC and technologies.
• The factors driving the global amplifier and comparator market's growth include increased vehicle production and rising demand for electric vehicles. Additionally, several technological advancements such as the implementation of IoT and favorable government standards for the production of autonomous, connected, and low emission vehicles are further fuelling the market growth of the automotive integrated circuit during the forecast period.

Asia Pacific Expected to Witness Significant Market Growth

• The Asia-Pacific is projected to account for the highest market growth in the amplifier and comparator IC market. The highest growth in the market is attributed to the growing disposable income of consumers in the region, increasing adoption of consumer electronics devices, booming infrastructure, and rising technological advancement in the region.
• The Thai government launched an EV action plan in 2016 to encourage the production of BEVs and PHEVs to have 1.2 million such vehicles on the road by 2036. As a result, 13 companies have benefited from preferential tax treatment for electric vehicles. Thailand announced an EV roadmap in March 2020 to produce 250,000 EVs by 2025 and establish an ASEAN EV hub, which will drive market growth.
• Japan holds a significant position in the market as it is home to some of the significant amplifier and comparator IC manufacturers and the electronics industry. The country focuses on luring semiconductor companies and engaging in partnerships with other nations to boost its semiconductor industry.
• Further, in October 2021, Harman, a car audio and electronics company, announced two new accessories in India. The Reference 7005A amplifier and Alpha 100 automobile multimedia player are available for INR 32,990 and INR 5,490, respectively, as an introductory offer.

Competitive Landscape

The Global Amplifier and Comparator IC Market is significantly consolidated as changing consumer demands are driving companies to innovate, focus on R&D, and advancement of electronic devices to attract more consumers. The players are adopting strategies such as collaboration, partnership, and agreement as their key developmental strategies.

• December 2021 - Renesas Electronics introduced the RA6T2 32-bit MCUs feature for next-generation motor control inverter appliances, including comparators that detect abnormal voltage input and over current.
• November 2021 - Broadcom Inc announced Industry's First 100/G lane Optical PAM-4 DSP PHY families with an integrated trans-impedance amplifier (TIA) and laser driver, which will deliver extremely low power, high performance, and cost-effective solution for optical connectivity.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.