LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global amplifier and comparator market to grow at a CAGR of close to 3% during the forecast period, according to their latest report.
The market study covers the present scenario and growth prospects of the global amplifier and comparator market for 2017-2021. The report also lists the industrial sector, communications sector, computing devices, consumer electronic devices segment, and the military and aerospace segment as the five major end-user segments, of which the industrial and communications sector accounted for more than 71% of the market share.
According to Chetan Mohan, a lead analyst at Technavio for embedded systems research, “Industrial and automotive sectors will witness a high demand for amplifiers and comparators. The move toward the automation of industrial setups and processes along with the emergence of technologies, such as the Internet of things, will ensure consistent demand during the forecast period.”
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Technavio hardware and semiconductor analysts highlight the following three market drivers that are contributing to the growth of the global amplifier and comparator market:
- Proliferation of next-generation LTE wireless networks
- Rise in the number of applications of amplifiers and comparators
- Rise in Internet penetration
Proliferation of next-generation LTE wireless networks
The surge in data consumption has forced network carriers to adopt next-generation LTE networks such as 4G and 5G, making LTE the mobile technology of the future. LTE-based computing devices offer speeds that allow consumers to upload and download music and photographs. They can also play games and watch TV shows online on maximum frequency bands without any interference. This has created an opportunity in the market for amplifiers and comparators to address the requirement for faster and smoother access to mobile data.
“The deployment of amplifiers and comparators along with GaN RF devices will assist LTE wireless networks to provide better services, leading to revenue growth during the forecast period,” says Chetan.
Rise in the number of applications of amplifiers and comparators
Various new application areas have emerged for amplifiers and comparators, including battery-operated portable electronics, automotive electronics, solar and wind-power systems, automated manufacturing systems, wireless communications, and others.
An amplifier is used in these applications to enhance the voltage, current, or signal strength, thereby ensuring its efficiency. A comparator checks whether the voltage, current or signal has reached the predetermined value, achieving even higher efficiency during the power conversion process. This helps industries drastically reduce carbon dioxide emissions, material and electricity costs.
Rise in Internet penetration
The increase in the number of Internet users has a positive impact on the growth of the global amplifier and comparator market. The growing dependence on smartphones has increased Internet consumption drastically. This has significantly reduced the bandwidth availability as the number of users on the same bandwidth has also increased significantly.
Smartphones give consumers processing capabilities and software platforms to access video content, social media, online games, and web browsing on a single platform. The availability of different network standards on a smart device, such as GSM, CDMA, and LTE/4G, necessitates the use of amplifiers and comparators to ensure that the received signals are adjusted based on the requirements of the smart device.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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