Consume Electronics Segment is Expected to Dominate the Global Power Amplifier Market
Growing Demand for Wireless
Communication and Rapid Expansion of 5G Technology Market are the factors
propelling the market growth.
According to
TechSci Research report, “Global Power Amplifier Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029”. Global Power Amplifier is
anticipated to project robust growth in the forecast period with a CAGR of 8.08%
through 2029. Wireless communications have been exploding in the last few
years, and their growth is expected to follow similar in the near future. While
the market demand is for higher throughput and lower power consumption, the
designers of wireless transmitters have to cope with even more stringent
demands on system bandwidth, linearity, and versatility. The power amplifier
(PA) is a crucial element of the transmitter since it greatly affects both
power efficiency and linearity. These amplifiers draw power from the source of
supply and control the output signal with a larger amplitude. Power amplifiers
are an update to the traditional amplifiers and are used in consumer electronic
devices, such as smartphones and tablets. In addition, to meet the demand of
harsh industrial environments, these amplifiers are designed to be extremely
robust, often capable of strengthening the low-power signal.
The expanding
adoption of power semiconductors in smartphones and usage of 5G is one of the
primary factor improving the demand. With the increment in the need for greater
data rates and larger spectral efficiency, the requirement for high-speed
mobile broadband internet is growing. This has driven to the implementation of
LTE, which is further anticipated to boost the expansion of the Power Amplifier
market. With the introduction of the Internet and its consequent migration to
mobile platforms, the need for high data rates over increasingly crowded radio
bands has prompted linearity standards to limits or extremes that are well
beyond the abilities of any known PA technology.
Class A
amplifiers held the most extensive share in the global power amplifier industry
in 2018, while the class D power amplifiers are supposed to be the
fastest-growing during the forecast period. In terms of vertical, the consumer
electronics vertical is forecasted to account for the bulk of the power
amplifier industry during the forecast period. The growing trend of
digitalization and progress in smart city projects in many countries across the
world is also generating potential possibilities for the growth of the power
amplifier semiconductor market. Moreover, progress in the usage of RF power
devices in several lighting applications is also encouraging growth in the
global power amplifier market.
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market data Figures spread through 188 Pages and an in-depth TOC on " Global Power Amplifier Market.”
Based on Industry
Vertival, Consumer Electronics is expected to hold the largest share of Power
Amplifier market for during the forecast period, Increasing adoption of
consumer electronics is witnessed globally, especially in smartphones, tablets,
smartwatch, smart television, and smart homes devices is anticipated to drive
the market over the forecast period. For instance, According to IBEF, 2019,
Indian appliance and consumer electronics (ACE) market reached Rs 2.05 trillion
(USD 31.48 billion) in 2017, India is one of the largest growing
electronics markets in the world and is expected to grow at 41% CAGR
between 2017-20 to reach USD 400 billion.
Consumer
Electronics being a major application industry of power amplifiers, would,
henceforth, drive the global Power Amplifiers market. Additionally,
proliferating penetration of 4G technology and the development of the
next-generation wireless network, such as 5G, would also drive the demand and
growth of power amplifiers market. Moreover, as 4G trends and new smartphones
become more common, users will demand more features with faster service.
Features like a large touchscreen, a powerful processor, a high powered
operating system, live TV feeds, GPS navigation and dual-mode 4G/5G service may
be standard in the near future.
Technological
evolution in the field of wireless communication and developments in materials
used for manufacturing RF components, such as Gallium Arsenide (GaAs) and
Silicon Germanium (SiGe), is also expected to augment market growth. Moreover,
the development of innovative RF technologies offer products with a dynamic
power range, higher frequencies, and lower noise parameters, enabling the
design of next-generation electronic components.
Based on Region, Asia
Pacific will dominate the market, Increasing penetration of smartphones and
related devices coupled with the expansion of 5G cellular networks is
anticipated to promote the growth of the power amplifier market in the Asia
Pacific region. Incessant rise of consumers of the electronic sector in
developing countries has further attributed to the growth of this market.
The power
amplifier market in the Asia Pacific is catalyzed by advancements in
semiconductor industry coupled with rising demand for energy-efficient
products. With IoT and next-gen wireless network taking over the technological
world, the power amplifier market is expected to witness a rampant growth in
the near future.
Presence of
prominent semiconductor industry in emerging economies of the Asia Pacific such
as China, Japan, and India is likely to bode well with the growth of power
amplifier market. Further, increasing investment into the development of
technologically advanced RF power amplifier has been envisaged to create
lucrative dimensions for manufacturers across the Asia Pacific.
Increasing
production of electric vehicles in Asia-Pacific is expected to drive the demand
for GaN, which in turn, may boost the market for RF power in the region. China
is the largest maker of electric vehicles. In 2018, it sold 28,081,000,
including buses and commercial vehicles, according to the China Association of
Automobile Manufacturers. China remains at the forefront of the market,
exhibiting a relatively high CAGR over the period of assessment from 2019-2029.
India and ASEAN countries are further likely to contribute to the growth of
Asia Pacific power amplifier market.
Key market
players in the Global Power Amplifier Market are following:
- Toshiba Corporation
- Stmicroelectronics NV
- NXP Semiconductor
- Analog Devices Inc.
- Broadcom Limited
- Texas Instruments Incorporated
- Mitsubishi Electric Corporation
- Maxim Integrated
- Fuji Electric Co. Ltd.
- Infineon Technologies AG
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“The global power
amplifier market is primarily driven by the rapid expansion of 5G technology,
growing demand for wireless communication, and the proliferation of the
Internet of Things (IoT). These drivers are increasing the need for advanced
power amplifiers in telecommunications, consumer electronics, and IoT devices.
Additionally, emerging markets, technological innovations, and a focus on
energy efficiency are contributing to the market's growth. Power amplifiers
play a vital role in enabling reliable, high-speed data transmission, which is
integral to modern communication and connectivity across industries, making
them essential components in a wide range of applications.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management
consulting firm.
Power Amplifier Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast Segmented by Product (Audio Power Amplifier, RF Power
Amplifier) by Industry Vertical (Consumer Electronics, Industrial,
Telecommunication, Automotive), By Region, By Competition 2019-2029 has evaluated the future growth potential of Global Power
Amplifier Market and provides statistics and information on market structure,
size, share, and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Power
Amplifier Market.
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