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The power amplifier market size is projected to increase by USD 15.60 billion at a CAGR of 8.45% between 2023 and 2028. The growth rate of the market depends on several factors, including the availability of alternative manufacturing techniques instead of Gallium arsenide (GaAs), increasing Internet penetration, and the emergence of next-generation wireless networks.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including Analog Devices Inc., Anthem, BONN Elektronik GmbH, Broadcom Inc., CML Microcircuits UK Ltd., Infineon Technologies AG, MACOM Technology Solutions Inc., Microchip Technology Inc., NXP Semiconductors NV, Peavey Electronics Corp., Qorvo Inc., QSC LLC, Qualcomm Inc., Skyworks Solutions Inc., Spectrum Control Microelectronics Ltd., STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., Yamaha Corp., and Murata Manufacturing Co. Ltd. Additionally, Analog Devices Inc. distinguishes itself through key company offerings like the MCA GEN 2 Series power amplifier, showcasing an impressive delivery of 225 continuous watts per channel into 8 ohms.
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Increasing Internet penetration is notably driving market expansion. The rise in the number of Internet users has had a positive impact on the growth of the market, as smartphone users tend to access the Internet for various reasons, especially to access social networking sites such as Twitter and Facebook. As of January 2021, there were 4.66 billion active Internet users worldwide, or 59.5% of the global population. Consumers also use smartphones to stream videos or play games online. In 2023, there were nearly 6.8 billion smartphone users across the world, and is expected to reach 7.1 billion in 2024. And around 72% of internet users will use smartphones to access the internet by 2025.
As a result, companies are targeting developing countries because of the high growth potential. Smartphones provide consumers with faster processing capabilities and better software platforms to access video content, social media, online games, and web browsing on a single platform. Hence, such factors are expected to drive market growth during the forecast period.
The growing need for high-speed amplifiers in defense industry is an emerging trend shaping market expansion. Researchers across the globe are encouraging innovation and developments in fields such as electronic spectrum and high-capacity radio communications. Defense Advanced Research Projects Agency (DARPA) has made some progress with its Terahertz Electronics Program. Solid-state power amplifiers and the traveling wave tube amplifier are the only two products with terahertz (THz) frequency. Northrop Grumman, an aerospace and defense technology company, is developing solid-state and traveling wave tube amplifiers.
Moreover, THz frequency-based power amplifiers can be used in a lot of applications, such as high-resolution security imaging, high data rate communications, collision-avoidance radar, and remote detection systems for dangerous chemicals and explosives, where high-speed amplifiers are crucial for the faster function of these devices. Thus, the growing need for high-speed amplifiers in the defense sector will drive the growth of the power amplifier market during the forecast period.
Performance issues, such as current leakage and breakdown a significant challenge hindering market expansion. In any electrical installation, some current will flow through the protective ground conductor to the ground. This is usually called leakage current. Leakage current in power supplies may occur due to the electromagnetic compatibility (EMC) filters that utilize Y capacitors between the live and neutral conductors. This causes some leakage current to flow from the neutral or the live conductor to the power supply casing, which is normally connected to the earthing system or grounding system.
Moreover, leakage current can also cause unnecessary and intermittent tripping. In extreme cases, it can cause a rise in voltage on accessible conductive parts. Electrical stresses in the transistors of high-efficiency switching can lead to hot-electron-induced breakdown. Also, any breakdown can reduce the reliability and performance of the power amplifier as the transistor performance degrades. Hence, these factors can hinder market growth during the forecast period.
The market share by the CMOS segment will be significant during the forecast period. Complementary metal-oxide-semiconductor (CMOS) is the most popular technology used for the highly integrated baseband and transceiver die in mobile radios due to its ability to integrate a large number of transistors. The cost of production is lower than that of other technologies, such as GaAs or GaN. Earlier, transceiver and baseband ICs used to be two different dies, but now they both are merged on a single CMOS chip, which lowers the overall cost.
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The CMOS segment was the largest and was valued at USD 14.17 billion in 2018. In addition, packaging is another area where the needs of components such as transceivers differ substantially. These are typically packaged in laminate-based or low-temperature co-fired ceramic (LTCC)-based modules, whereas transceivers are packaged in a simpler plastic ball grid array (PBGA)-type package. These packages have only a few I/O ports; however, the module accommodates low-loss RF matching circuitry and a few surface-mount devices (SMDs), such as capacitors and inductors. PBGA packages are designed for large numbers (generally over 100) of I/O pins without external SMDs and RF circuitry. These factors are expected to boost the growth of the CMOS segment in the market during the forecast period.
Power amplifiers are used in almost all consumer electronic devices, ranging from microwave ovens, headphone drivers, televisions (TV), mobile phones, and home theatre systems to theatrical and concert reinforcement systems. As a result of technological advancements and the increasing discretionary spending capacity of the working population, smart appliances are becoming increasingly popular. Manufacturers are focusing their efforts on manufacturing products that are user-friendly and suit consumer demands. The huge rise in consumer electronics is due to the high demand for smart appliances that provide voice assistance, Wi-Fi and Bluetooth connectivity, and faster networks. Moreover, increasing surplus income is likely to increase the purchase volume of consumer electronics, which is expected to fuel the consumer electronics segment, thereby boosting demand and driving market expansion during the forecast period.
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APAC is estimated to contribute 66% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional market trends and analysis and drivers influencing the market's trajectory throughout the forecast period. China and Japan are the major revenue contributors in the region. Japan is a high-potential market for mobile hotspot companies because of the early deployment of 4G LTE networks. The wireless connectivity technology in APAC is expected to grow at the highest rate during the forecast period, owing to the rise in government initiatives for building smart cities and upcoming long-term investments in smart technologies, thereby driving the growth of the market. The penetration of the mobile Internet in APAC was 42% in 2020.
Furthermore, the amplifying penetration of smartphones and related devices, coupled with the expansion of 5G cellular networks, is anticipated to promote the growth of the market in APAC. The continuous growth of the consumer electronics industry in the region's developing countries has further contributed to the market's growth. With IoT and next-generation wireless networks slowly taking over the technological world, the market in the region is expected to witness accelerating growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Anthem - The company offers power amplifiers such as the MCA GEN 2 Series, which delivers 225 continuous watts per channel into 8 ohms.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028
The market is witnessing significant growth driven by the rising demand for R.F. power amplifier and wireless communications and wireless transmitters technologies. With a rise in demand for consumer electronics and modern smartphones, there's a corresponding surge in the need for power amplification devices, especially radio-frequency power amplifiers.
Further, silicon Germanium (SiGe) technology is gaining traction due to its efficiency, particularly in harsh environments. Strategic collaborations and the exploration of emerging markets are shaping market dynamics despite challenges like low profit margins and supply chain disruptions.
Additionally, the market is further fueled by the integration of advanced features in devices such as Bluetooth headphones and smart home devices. IoT growth with GaN technology and satellite Communications, and automotive applications are energy efficient. Power devices analyzers market, and power quality equipment markets. Further, as 5G networks and autonomous driving systems become widespread, the demand for high-frequency signals and power amplifiers continues to grow, promising opportunities across various sectors, including telecommunication equipment, medical equipment, and satellite communication systems.
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Power Amplifier Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Acecelerate at a CAGR of 8.45% |
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Market Growth 2024-2028 |
USD 15.60 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
10.77 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 66% |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Analog Devices Inc., Anthem, BONN Elektronik GmbH, Broadcom Inc., CML Microcircuits UK Ltd., Infineon Technologies AG, MACOM Technology Solutions Inc., Microchip Technology Inc., NXP Semiconductors NV, Peavey Electronics Corp., Qorvo Inc., QSC LLC, Qualcomm Inc., Skyworks Solutions Inc., Spectrum Control Microelectronics Ltd., STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., Yamaha Corp., and Murata Manufacturing Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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