Growing Emphasis on Industrial Automation to Provide Growth Opportunities for Amplifier and Comparator Market During 2023–2030
According to our latest market study on "Amplifier and Comparator Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type and Application," the market is expected to grow from US$ 12.41 billion in 2023 to US$ 19.03 billion by 2030; it is estimated to register a CAGR of 6.3% from 2023 to 2030.
Optical amplifiers are important in optical communication and laser applications as they amplify optical signals without converting them into electrical signals. This property minimizes signal degradation and improves the overall system performance. The main applications of optical amplifiers include long-haul and metro networks, fiber-to-the-home (FTTH), dense wavelength duplication, coherent optical systems, and optical fiber testing. A semiconductor optical amplifier is a low-cost option used to provide a high-performance in long-distance wavelength division multiplexing (WDM) networks; due to this characteristic, the optical fibers are used in in-line amplification, an optical network, general purpose tests and measurements, and fiber sensing.
Amplifier and Comparator Market – by Region, 2022
Amplifier and Comparator Market Forecast to 2030 - Global Analysis by Type (Amplifier and Comparator), Application (Industrial Sector, Communications Sector, Computing Devices, Consumer Electronics Devices, Automotive, Military & Aerospace, and Others)
Amplifier and Comparator Market Analysis Report 2023-2030
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Source: The Insight Partners Analysis
Businesses, processes, and organizations are undergoing rapid digital transformations, leading to the increasing adoption of optical fiber globally. Thus, various governments are taking several initiatives to develop the optical fiber infrastructure in their countries. In April 2023, the Indian Ministry of Road Transport & Highways announced that the National Highways Authority of India (NHAI) plans to build ~10,000 km of optical fiber cable (OFC) infrastructure nationwide by 2024–2025. Optical amplifiers act as optical repeaters in long-distance, fiber-optic communications. Thus, the increasing demand for optical amplifiers with the rise in the implementation of various modern network types bolsters the amplifier and comparator market growth.
Europe is likely to be at the forefront of the manufacturing and sales of amplifiers and comparators in the coming years. This is mainly due to the increase in demand for setting up MEMS foundries across the region, wherein several companies along with governments of different countries have been collaboratively working to establish a strong electronics and semiconductor manufacturing setup. The presence of a strong industrial and automotive sector is another major factor propelling the amplifier and comparator market growth, as electronic components are deployed in large volumes in industrial and automotive products.
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 are among the key amplifier and comparator market players profiled during this market study. Several other major amplifier and comparator market players were also studied and analyzed to get a holistic view of the market and its ecosystem. The amplifier and comparator market report provides detailed market insights, which helps key market players strategize their growth.
Based on type, the amplifier and comparator market is bifurcated into amplifier and comparator. The amplifier segment held a larger amplifier and comparator market share in 2022. Amplifiers are essential building components in sensing, communication, and control systems as they magnify weak signals. The increasing demand for compact and low-power devices, the need for high-speed data communication, and an upsurge in the Internet of Things (IoT) applications are among the factors propelling the use of amplifiers. In December 2021, the Ministry of Communications, India, exempted the use of very-low-power radio frequency devices or equipment for inductive applications from licensing requirements. According to India Cellular and Electronics Associations (ICEA), the exemption of licensing for very-low-power devices would benefit the telecommunications, electronics, and allied sectors in the medium to long term by encouraging the use of these devices. Such initiatives by governments boost the demand for amplifiers and propel the amplifier and comparator market growth.
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