A power amplifier is designed to increase the power of a given input signal. A power amplifier includes several ICs such as pre amp, voltage amp, and power amp. This report provides the qualitative and quantitative analyses of power amplifier ICs. The increase in power through amplifiers will help attain signal to a level high enough to drive loads of output devices, such as speakers, RF transmitters, and headphones, among others. Several industry incumbents are currently focusing on developing new use cases for power amplifiers with upcoming technologies in the automotive and telecom sector; this might increase the demand for power amplifiers during the forecast period.
The power amplifier market is expected to grow from USD 21.4 billion in 2018 to USD 30.6 billion by 2023, at a CAGR of 7.4% from 2018 to 2023. Texas Insytruments (US), Infineon Technologies (Germnay), NXP Semiconductor (Netherland), Broadcom (US), and Qorvo (US) are a few major players contributing to the growth of the power amplifier market.
Among all classes, the market for class C power amplifiers is likely to grow at the highest CAGR during the forecast period. The class C power amplifier is highly efficient and has poor linearity. The high efficiency factor is the key to build quality communication product and is highly used in niche applications in telecommunication and military & defense verticals. The non-linearity factor creates a lot of distortion at the output side, which makes this class type irrelevant in audio applications. The recent growth in LTE and upcoming 5G technology is expected to be the key growth factor for class C power amplifiers.
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Among all verticals, the power amplifier market for the industrial vertical is expected to grow at the highest CAGR during the forecast period owing to the proliferation of industrial automation in several countries with major manufacturing sector. There has been a new trend of connection/communication between machines, called machine-to machine (M2M) communication, or, more in general, IoT. The industrial vertical is making use of mobile and wireless communications to connect machines and equipment together, which is expected to be the key factor for high growth.
Among all regions, the power amplifier market in APAC is expected to grow at the highest CAGR during the forecast period. In APAC, there has been a paradigm shift of users from 3G to 4G technology in this region. This has instigated a major telecom equipment overhaul, which is contributing to the high growth in this region. Further, APAC includes countries/regions such as China, Japan, South Korea, and Southeast Asia, which is expected to be a key factor contributing to the growth of the power amplifier market in this region.
Several key players in the power amplifier market are already trying to tap these opportunities by increasing the R&D budget to focus more on providing better performance and reducing the power requirement of power amplifiers. The growing traction of industrial IoT devices and equipment has also instigated many power amplifier manufacturers to develop products specific to this application area.
