Global Amplifier and Comparator IC Market Size

Amplifier & Comparator IC Market Analysis

The Amplifier and Comparator IC Market is expected to register a CAGR of 4.3% during the forecast period. The electronics industry is one of the major consumers of comparator IC. The pandemic has disrupted the supply chain and hindered the equilibrium of the market; steadily escalating electronics, automobile, and health care sectors will supplement the growth of the comparator IC market over the forecast period. The end-use industry of comparator IC is presumed to emphasize the demand-supply equilibrium.

• The rising demand for compact electronic devices, such as smartphones, has resulted in a high level of integration on a single integrated circuit (IC). The frequent releases of new smartphones with advanced features compel vendors to modify the manufacturing process and design new products that have increased the growth of amplifiers and comparators for electronic devices.
• Many industries, such as food processing, automotive assembly, oil refining, and manufacturing, are increasingly adopting process control techniques to ensure smooth process flow and higher throughput. The increasing number of sensors being integrated to facilitate industrial automation will drive the demand for amplifiers and comparators IC in the industrial sector during the forecast period.
• The global proliferation of electronic gadgets among millennials, health-care appliances, and upcoming HEVs and EVs in the automotive sector is a strong indication for the comparator IC industry. The growth of the comparator IC market will be aided by rising technical advancement and a steady stream of innovative technologies. Over the forecasted period, comparator IC has a lot of potential to support the exponentially growing electronics and vehicle industries.