The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Power Amplifier Market. The growth sectors of the Power Amplifier Market are identified with precision for a better growth perspective.
Power amplifiers are subcategory of general amplifier systems used for amplifying wireless signals. They are one of the most advanced forms of amplifying technology that currently exist. Power amplifiers find application in a wide range of consumer electronics manufacturing. Advances in amplifier technology and strong smartphone penetration across the globe are two major factors driving the global market for power amplifier. The latest report published by Market Research Future (MRFR) projects that the global market for power amplifier will soar at a double-digit CAGR of 16% from 2016 to 2022, reaching a valuation of more than 2 Bn.
Development of technologically advanced and robust wireless networks has been instrumental in driving the global market for power amplifier. The boom in popularity of mobile communication and the subsequent arrival of high-speed networks (3G, LTE or 4G and 5G) has led to a greater demand for power amplifier to overcome the issues of network traffic. Over the years, the number of internet users has increased manifolds, in turn, imparting a greater pressure on wireless network systems. Incessant improvement network standard has resulted in development of wide range of frequency bands that are capable of receiving and transmitting high-density signals at super-fast speeds. The aforementioned factors are likely to support the sales of power amplifiers during the forecast period.
Manufacturers are actively focusing of product improvement and releasing updated products that are compatible with other electronics devices such as smartphones, audio system, laptop, PCs etc. Having a robust and reliable connectivity system is a must-have feature for modern electronic devices. Nonetheless, several performance issues associated with power amplifiers continue pose a major challenge to manufacturers.
Latest Industry Trend and News:
- KLA-Tencor, a leading vendor of chip equipment is plotting to acquire Orbotech, a technology company based in Israel for around $3.4 billion. The move is expected to help KLA-Tencor to diversify its business and delve into $2.5 billion of addressable market opportunity in semiconductor, printed circuit boards and packaging among others.
- Broadcast Electronics reportedly set to merge with a pair of companies based in Italy. The merger will allow the company to explore new growth avenues.
Global Market for Power Amplifier – Segmental Analysis
MRFR in its report has offered a detailed segmental analysis of the market based on technology, application and type. By technology, the market has been segmented into GaN RF Power Amplifiers and GaAs RF Power Amplifiers, By application, the market has been segmented into tablets, audio equipment, smartphone and PCs & laptops. By type, the market has been segmented into radio-power amplifiers and audio-power amplifiers.
Asia-Pacific (APAC) is expected to stay at the forefront of the global market for power amplifier over 2022. Currently, the region commands for nearly 63% share of the global market. A fast growing economy and presence of high number of power amplifier manufacturers is providing an impetus to the market in APAC. Moreover, rapid development of telecommunication infrastructure and increasing internet penetration in countries such India and China is also reflecting favourably on the region’s market.
Power Amplifier Market has been valued at USD 976 million in the year 2015, growing with CAGR of…
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