Report : Europe Amplifier and Comparator Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - by Type (Amplifier and Comparator) and Application (Industrial Sector, Communications Sector, Computing Devices, Consumer Electronics Devices, Automotive, Military & Aerospace, and Others)
At 7.4% CAGR, the Europe Amplifier and Comparator Market is projected to be worth US$ 6,014.38 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Europe amplifier and comparator market is expected to grow from US$ 3,649.11 million in 2023 to US$ 6,014.38 million by 2030, registering a CAGR of 7.4% from 2023 to 2030. Increasing demand for optical amplifiers and adoption of advanced driver-assistance systems are the critical factors attributed to the Europe amplifier and comparator market expansion.
Industrial automation is increasing with the need for lower production costs, better quality, and more productivity. Further, advanced robotics, the Internet of Things (IoT), and artificial intelligence are the leading technologies diverting toward industrial automation to automate the overall process without human interference. Automation is essential in industries such as aerospace, automotive, and electronics. Automating several processes helps electronics industries to standardize products as they are produced in bulk. Amplifiers and comparators play a vital role in industrial automation, as high-speed comparators aid in differential line receiver applications, low propagation in variation, and test and measurement systems. Comparators also increase the data through output and optimize the power consumption. Further, the low variation in propagation delays due to input overdrive and its ability to detect narrow pulses make the amplifier and comparator a good option for time-of-flight (ToF) applications such as industrial automation. Thus, the rising popularity of automation in the industrial sector is creating opportunities for the amplifier and comparator market growth. This is expected to drive the Europe amplifier and comparator market during the forecast period.
On the contrary, physical limitations of operational amplifiers hurdles the growth of Europe amplifier and comparator market.
Based on type, the Europe amplifier and comparator market is bifurcated into amplifier and comparator. The amplifier segment held 69.4% market share in 2023, amassing US$ 2531.19 million. It is projected to garner US$ 4246.40 million by 2030 to expand at 7.7% CAGR during 2023–2030.
Based on application, the Europe amplifier and comparator market is categorized into industrial sector, communications sector, computing devices, consumer electronics devices, automotive, military & aerospace, and others. The industrial sector segment held 29.6% share of Europe amplifier and comparator market in 2023, amassing US$ 1,081.84 million. It is projected to garner US$ 1,682.62 million by 2030 to expand at 6.5% CAGR during 2023–2030.
Based on country, the Europe amplifier and comparator market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 28.6% share of Europe amplifier and comparator market in 2023. It was assessed at US$ 1,043.32 million in 2023 and is likely to hit US$ 1,649.59 million by 2030, exhibiting a CAGR of 6.8% during the forecast period.
Key players dominating the Europe amplifier and comparator market are ABLIC Inc; Analog Devices Inc; Broadcom Inc; Microchip Technology Inc; NXP Semiconductors; On Semiconductor; Renesas Electronics Corporation; Skyworks Solutions Inc; STMicroelectronics NV; and Texas Instruments Inc among others.
- In Dec 2020, with 2nd generation R.F. multi-chip modules that amplify frequency, Power, and efficiency, NXP continues to lead in 5G infrastructure.
- In May 2023, Renesas added more than 35 new MCUs to its market-leading motor control embedded processing portfolio.
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