Comparator IC Market: Overview and Dynamics
The flashing wave of electronic gadgets among millennials, health care appliances and emerging HEV’s and EV’s in the automobile sector all across the globe is an evident sign for the comparator IC market. Rising technological advancement and flowing innovative products will aid in the growth of the comparator IC market. Comparator IC has a great potential to bolster on the back of exponentially bloating electronics and automobile sector over the assessment period. Moreover, the intention to deploy comparator IC is to compare two different analog signals and deliver a single binary signal at the output, a function of which input voltage is higher or lower as per the requirement.
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For instance, Comparator IC is an electronic decision-making device that chooses adequate data from multiple inputs as per the requirement of the end-user. In the view of future expansion in the end-use industry along with the widening consumer base, often expected to incline the demand for comparator IC. The potential of emergence in a wide range of portfolio from electronic gadgets to health care appliances will aid in a brisk penetration over the forecast period.
The electronics industry is one of the leading industries among others and expands exponentially with a higher growth rate over the last two decade. The electronics industry is one of the biggest consumers of comparator IC and the industry is on a growth trajectory for the last two decades, which is expected to emphasize the demand for comparator IC during the assessment period.
An operational amplifier (op amp) is a potential substitute for comparator IC, high voltage gain in op amp enables to justify very minute input voltage difference. But, on the other hand, it comparatively takes more time than comparator IC. Comparator IC has some additional offering than op amp such as hysteresis and internal references which gives an upper edge to the comparator IC than op amp.
COVID-19 Impact Insights
Covid-19 pandemic has affected almost all the sectors adversely resulting in flattening of the global economy curve. The pandemic has disrupted the supply chain and hinder the equilibrium of the market. This unprecedented event tends to impose lockdown and strict social distancing measures. Manufacturing plants across the globe was muted leaned to adversely impact the overall revenue bar of the companies.
Further, the covid-19 wave 2.0 has been initiated and the conditions across the globe are looking more deliberate than ever. Regional governments have taken several initiatives and numerous international flights are shut. Although this time the condition is comparatively worse but regional governments have set up their covid-19 infrastructure to tackle the surging cases.
However, steadily escalating electronics, automobile and health care sector will supplement the growth of the comparator IC market over the forecast period. The end-use industry of comparator IC is presumed to emphasize on the demand-supply equilibrium and expected to outbreak the growth curve by the end of 2031 with a higher CAGR.
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Segmentation Analysis of Comparator IC
The global comparator IC market is bifurcated into four segments: Type, End-use industry, Application and region.
On the basis of type, comparator IC market has been segmented as follows:
- Inverting
- Non-inverting
On the basis of end-use industry, comparator IC market has been segmented as follows:
- Automotive
- Healthcare
- Electronics
- Aviation
- Manufacturing
- Others
On the basis of application, comparator IC market has been segmented as follows:
- Current detection
- voltage detection
- Temperature sensing
On the basis of region, comparator IC market has been segmented as follows:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Comparator IC Market: Regional Outlook
Considering the regional classification the report “Comparator IC market” throws light on six prominent regions including North America, Latin America, Europe, East-Asia, South-Asia and Middle-East & Africa. Among all of them, North America holds a dominant position capturing a larger chunk of market share in the comparator IC market over the assessment period. Elevating demand for electronic devices, escalating consumption of automobiles in response to amplified infrastructure has become the guiding path in the penetration of Comparator IC.
The North America Comparator IC market is expected to outperform and witness immense growth over the next decade. The region is expected to steer over the Comparator IC market and presumed to corner a comparatively larger chunk of market share. U.S is the most prominent country owing to robust infrastructure and high disposable income of millennials. Apart from U.S, Canada is expected to be in a growth trajectory attributed to electronic devices and automobiles
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Comparator IC Market: Key Players
In a moderately fragmented market of Comparator IC, players are spread over all across the globe with an intense competition level. Some the prominent players of
- Comparator IC market are NXP Semiconductors
- Texas Instruments Inc.
- Renesas Electronics Corporation
- NXP Semiconductors
- ROHM Semiconductor
- Jameco Electronics
- Shenzhen Sparta technology Co.Ltd
- Kurt Manufacturing
- Dialog Semiconductor PLC
- Fairchild Semiconductor Corp.
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