Amplifiers Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

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Overview and Scope

An amplifier is an electronic device that is used to increase the voltage, current, and power of a signal to produce a proportionally greater amplitude signal at the output. Amplifiers are used in all kinds of audio equipment.

Sizing and Forecast

The amplifiers market size has grown marginally in recent years. It will grow from $1.05 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 0.7%. The growth in the historic period can be attributed to audio and entertainment industry, telecommunications and networking, consumer electronics, automotive industry, aerospace and defense.

The amplifiers market size is expected to see marginal growth in the next few years. It will grow to $1.11 billion in 2028 at a compound annual growth rate (CAGR) of 1.3%. The growth in the forecast period can be attributed to 5g technology, iot and connectivity, electric vehicles, miniaturization and efficiency, home audio and smart speakers. Major trends in the forecast period include digital amplifiers, 5g and wireless communication, gan and gaas amplifiers, automotive amplifiers, iot and smart devices.

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Segmentation & Regional Insights

The amplifiers market covered in this report is segmented –

1) By Type: Voltage Amplifier, Current Amplifier, Power Amplifier

2) By Phase: Inverting Amplifier, Non-Inverting Amplifier

3) By Channel: Mono Channel, Two Channel, Four Channel, Six Channel, Other Channels

4) By Application: Consumer Electronics, Automotive, Media And Entertainment, Other Applications

Asia Pacific was the largest region in the amplifiers market in 2023. The regions covered in the amplifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rise in demand for energy-efficient electronic products globally contributes to the growth of the amplifiers market. Energy-efficient products use less energy compared to other products and will enhance the level of energy conservation. Energy-saving power amplifiers are gaining increasing momentum due to their energy-conservative nature, and are highly efficient. These amplifiers are used in the manufacturing of electronic products. The primary demand for energy-efficient products in India is expected to grow by 1,500 million tons by 2030. Therefore, the rise in demand for energy-efficient electronic products is increasing the demand for amplifiers market.

Key Industry Players

Major companies operating in the amplifiers market include STMicroelectronics, Texas Instruments, NXP Semiconductors, Maxim Integrated Product Inc, Analog Devices, Toshiba Electronic Devices & Storage Corporation, Infineon Technologies, Yamaha Corporation, Qualcomm Incorporated, Renesas Electronics, Skyworks solutions, Quorvo, Peavy Electronics Corporation, Broadcom Limited, Dialog Semiconductors, Integrated Silicon Solutions Inc, Cirrus Logic, ON Semiconductor Corp, Fuji Electric Co. Ltd., Asea Brown Boveri (ABB) Ltd., IXYS Corporation, OSD Audio, Voice Booster, Kenwood Corporation, Foshan ShuangMuSanLin electronics, Onkyo & Pioneer Corporation, NobSound, Cambridge Audio, Macom, Bonn Elektronik, Samson Technologies Corp., Alesis, Alto Professional, AtlasIED, TOA Corporation, Bogen Communications Inc., Bosch Security Systems Inc., Biamp Systems, Ashly Audio Inc., Crown Audio Inc.

The amplifiers market report table of contents includes: