September 27, 2023 07:36 ET | Source: Emergen Research Emergen Research
vancouver, Sept. 27, 2023 (GLOBE NEWSWIRE) -- The global Power Amplifier Market size was USD 28.70 Billion in 2022 and is expected to register a steady revenue CAGR of 6.5% during the forecast period, according to latest analysis by Emergen Research. Increasing consumer preference for consumer electronics including smartphones, smart Television (TVs), smartwatches, tablets, and smart home devices, as well as rapid development of wireless connectivity and technological advancements such as Augmented Reality (AR) and Virtual Reality (VR) are key factors driving market revenue growth. A power amplifier is an electronic device that can increase the power of a signal by varying voltage or current. These amplifiers extract power from supplier source and control the output signal with a larger amplitude. According to Indian Brand Equity Foundation (IBEF), the average volume of consumer electronics sold per person is expected to reach 1.08 pieces globally in 2023, which would have a favorable effect on the demand for power amplifiers owing to their effectiveness in improving signal strength of any transmitting system. Radio Frequency Power Amplifier
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In addition, technical developments in the field of wireless communication as well as improvements in materials, such as silicon Germanium (SiGe) and Gallium Arsenide (GaAs), utilized in the manufacture of Radiofrequency (RF) components are other key factors driving revenue growth of the market. The advancement of RF technology has also made products with a greater dynamic power range, higher frequencies, and lower noise parameters available, enabling the construction of next-generation electronic components. Moreover, rapid expansion of the semiconductor industry and need of consumers for more energy-efficient products are also expected to drive market revenue growth. For instance, on 09 March 2023, Keysight Technologies, Inc. announced introduction of the new Iterative Learning Control (ILC) test approach that greatly reduces the length of time required to test power amplifiers for Digital Pre-Distortion (DPD).
However, high production cost of GaAs wafers is a key afctor, which could restrain market revenue growth. GaAs-based devices are only used in special applications, which require special functions and are also high cost. Most smartphones rely on GaAs chips rather than silicon chips, which are cost-effective.
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Major Companies and Competitive Landscape
The global power amplifier market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective power amplifier solutions. Some major players included in the global power amplifier market report are:
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Some Key Highlights From the Report
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/power-amplifier-market Emergen Research has segmented the global power amplifier market on the basis of product type, technology, class, industry vertical, and region:
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