Market Trends of Power Amplifier Industry
This section covers the major market trends shaping the Power Amplifier Market according to our research experts:
Consumer Electronics Sector to Offer Potential Growth Opportunities
- Increasing adoption of consumer electronics is witnessed globally, especially in smartphones, tablets, smartwatch, smart television, and smart homes devices is anticipated to drive the market over the forecast period. For instance, According to IBEF, 2019, Indian appliance and consumer electronics (ACE) market reached Rs 2.05 trillion (USD 31.48 billion) in 2017, India is one of the largest growing electronics markets in the world and is expected to grow at 41% CAGR between 2017-20 to reach USD 400 billion.
- Consumer Electronics being a major application industry of power amplifiers, would, henceforth, drive the global Power Amplifiers market. Additionally, proliferating penetration of 4G technology and the development of the next-generation wireless network, such as 5G, would also drive the demand and growth of power amplifiers market. Moreover, as 4G trends and new smartphones become more common, users will demand more features with faster service. Features like a large touchscreen, a powerful processor, a high powered operating system, live TV feeds, GPS navigation and dual-mode 4G/5G service may be standard in the near future.
- Technological evolution in the field of wireless communication and developments in materials used for manufacturing RF components, such as Gallium Arsenide (GaAs) and Silicon Germanium (SiGe), is also expected to augment market growth. Moreover, the development of innovative RF technologies offer products with a dynamic power range, higher frequencies, and lower noise parameters, enabling the design of next-generation electronic components.
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Asia-Pacific is Expected to Occupy a Significant Share in Power Amplifier Market
- Increasing penetration of smartphones and related devices coupled with the expansion of 5G cellular networks is anticipated to promote the growth of the power amplifier market in the Asia Pacific region. Incessant rise of consumers of the electronic sector in developing countries has further attributed to the growth of this market.
- The power amplifier market in the Asia Pacific is catalyzed by advancements in semiconductor industry coupled with rising demand for energy-efficient products. With IoT and next-gen wireless network taking over the technological world, the power amplifier market is expected to witness a rampant growth in the near future.
- Presence of prominent semiconductor industry in emerging economies of the Asia Pacific such as China, Japan, and India is likely to bode well with the growth of power amplifier market. Further, increasing investment into the development of technologically advanced RF power amplifier has been envisaged to create lucrative dimensions for manufacturers across the Asia Pacific.
- Increasing production of electric vehicles in Asia-Pacific is expected to drive the demand for GaN, which in turn, may boost the market for RF power in the region. China is the largest maker of electric vehicles. In 2018, it sold 28,081,000, including buses and commercial vehicles, according to the China Association of Automobile Manufacturers.
- China remains at the forefront of the market, exhibiting a relatively high CAGR over the period of assessment from 2018-2028. India and ASEAN countries are further likely to contribute to the growth of Asia Pacific power amplifier market.
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