Market Trends of Global Amplifier and Comparator IC Industry
This section covers the major market trends shaping the Amplifier & Comparator IC Market according to our research experts:
Automotive Expected to Witness Significant Market Share
- The increasing demand for electric vehicles worldwide and to keep drivers safe, amplifiers and comparator integrated circuits are used in vehicles. Comparator ICs improve connectivity driving and safety innovation among drivers, which is expected to fuel market demand. The rapid electrification of vehicles is driving the growth of the automotive amplifiers and comparator IC market.
- The growing adoption of advanced driver-assistance systems (ADAS) and increasing government regulations globally mandating ADAS are also expanding the scope of this segment. Also, the growing adoption of infotainment in vehicles is expected to provide growth opportunities. The growing complexity of automotive digital applications requires the constant evolution of amplifiers and comparator IC and technologies.
- The factors driving the global amplifier and comparator market's growth include increased vehicle production and rising demand for electric vehicles. Additionally, several technological advancements such as the implementation of IoT and favorable government standards for the production of autonomous, connected, and low emission vehicles are further fuelling the market growth of the automotive integrated circuit during the forecast period.
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Asia Pacific Expected to Witness Significant Market Growth
- The Asia-Pacific is projected to account for the highest market growth in the amplifier and comparator IC market. The highest growth in the market is attributed to the growing disposable income of consumers in the region, increasing adoption of consumer electronics devices, booming infrastructure, and rising technological advancement in the region.
- The Thai government launched an EV action plan in 2016 to encourage the production of BEVs and PHEVs to have 1.2 million such vehicles on the road by 2036. As a result, 13 companies have benefited from preferential tax treatment for electric vehicles. Thailand announced an EV roadmap in March 2020 to produce 250,000 EVs by 2025 and establish an ASEAN EV hub, which will drive market growth.
- Japan holds a significant position in the market as it is home to some of the significant amplifier and comparator IC manufacturers and the electronics industry. The country focuses on luring semiconductor companies and engaging in partnerships with other nations to boost its semiconductor industry.
- Further, in October 2021, Harman, a car audio and electronics company, announced two new accessories in India. The Reference 7005A amplifier and Alpha 100 automobile multimedia player are available for INR 32,990 and INR 5,490, respectively, as an introductory offer.
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