Amplifier and Comparator Market Size, Share, Growth by 2030

The amplifier and comparator market is projected to expand from US$ 12.41 billion in 2023 to US$ 19.03 billion, with an anticipated compound annual growth rate (CAGR) of 6.3% from 2023 to 2030.

The shift towards electronic transportation is recognized for its environmental benefits and its potential to decrease fuel consumption. Numerous governments globally have adopted the Electric Vehicles Initiative (EVI), a collaborative policy forum led by the International Energy Agency (IEA) aimed at accelerating the global adoption of electric vehicles. Currently, 16 nations are involved in this initiative, including Canada, Chile, China, Finland, France, Germany, India, Japan, the Netherlands, New Zealand, Norway, Poland, Portugal, Sweden, the UK, and the US. A fundamental element of electric transportation is the electric battery, where the comparator's output signals a microcontroller about the battery's discharge or low power condition. Additionally, amplifiers play a crucial role in managing EV batteries, with the isolated amplifier offset being vital for the accuracy of current sensing. Consequently, the extensive use of amplifiers in batteries for electronic transportation is expected to significantly enhance the demand for amplifiers and comparators, thereby expanding the market size.

In terms of application segments, the amplifier and comparator market is categorized into various sectors, including industrial, communications, computing devices, consumer electronics, automotive, military & aerospace, and others. Amplifiers are integral to devices such as radios, mobile phones, internet modems, landline systems, optical fibers, and data centers, facilitating long-distance signal transmission. They enhance data transfer rates and functionality within the communication sector, making them essential for satellite communication systems. Comparators are commonly utilized in telecommunications to monitor or regulate physical parameters like voltage, current, and pressure. For example, the International Telecommunication Union (ITU) reported that approximately 5.3 billion individuals, or 66% of the global population, were internet users in 2022, marking a 6.1% increase from 2021. This rise in internet modem usage drives the demand for amplifiers, as they optimize the signals received by modems, further propelling the amplifier and comparator market.

Effects of the COVID-19 Pandemic on the Amplifier and Comparator Market

The automotive sector in North America significantly impacts the region's economy. However, the pandemic led to temporary halts in automotive operations, disrupting business dynamics in the first half of 2020. The United Nations Conference on Trade and Development (UNCTAD) reported a decline in auto exports from North America in 2020 compared to 2019. The COVID-19 crisis interrupted parts exports and large-scale manufacturing, leading to the shutdown of assembly plants in the US. A study by Wipro indicated that global passenger car sales plummeted to 60.5 million units in 2020, down from 79.6 million in 2017. This reduction in passenger car production adversely affected the manufacturing and supply of automotive electronics. Supply chain disruptions due to travel restrictions limited the production and supply of amplifiers and comparators during the pandemic, hindering market growth. However, since 2021, the automotive industry has been recovering swiftly, with factories and manufacturing plants nearing pre-pandemic production levels. The resurgence of automotive manufacturing has increased the demand for amplifiers and comparators, aiding the recovery of the market.

The rising adoption of the Internet of Things (IoT) and artificial intelligence (AI) is fostering growth among various technology firms in the country. Additionally, the presence of key market players such as Analog Devices Inc, Broadcom Inc, Microchip Technology Inc, and Skyworks Solutions Inc is driving the demand for amplifiers and comparators in the US market. The aerospace and defense sector in the US is also experiencing remarkable growth due to increased government investment in defense technologies. According to a report by the Aerospace Industries Association (AIA) in 2021, US exports in the air and defense industry rose by 11.2%, reaching a total value of US$ 100.4 billion. This sector generated US$ 391 billion in economic value, contributing 1.7% to the country's nominal GDP. The growth in the air and defense industry supports the development of various end-use sectors. Amplifiers and comparators are utilized in aerospace systems for signal conditioning, amplification, and comparison, thus the expanding aerospace industry in the US is propelling the growth of the amplifier and comparator market.

Key players in the amplifier and comparator market include Analog Devices Inc, Broadcom Inc, STMicroelectronics, Microchip Technology Inc, NXP Semiconductors, On Semiconductor, Renesas Electronics Corporation, Skyworks Solutions Inc, Texas Instruments Inc, and ABLIC Inc. These companies, along with several others, were analyzed during the market research study.