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Dual Voltage Comparator Market size is set to gain significant traction from 2023 to 2032, driven by the escalating usage of comparator circuits in applications including analog to digital converters, limit comparators, time-delay generators, and battery-powered electrical systems. Likewise, advancements in IoT technology and the rising adoption of data communication devices will drive industry demand, as high-speed voltage regulators can address applications that require a fast response time.
A voltage comparator refers to an electronic device that compares a known reference voltage with an input voltage and changes the output state depending on whether the input is below or above the reference. This device is designed to meet the need to detect nulls, threshold crossings, and spinal amplitudes outside or within an amplitude range. A dual voltage comparator circuit is designed to operate from a power supply over a range of voltages.
Rapid technological advancements and the escalating demand for smart electronic devices are some of the key factors characterizing the dual voltage comparator market trends over 2023-2032. The mounting production of advanced electronic devices will contribute to the growth of the market share in the coming years since dual voltage comparators can help these devices better track voltage fluctuations. Furthermore, the rising popularity of EDA (electronic design automation) tools will further amplify industry expansion, given the use of these tools by microchip manufacturers to develop top-notch electronic products.
However, the global inflation wave has impacted several industries, including the dual voltage comparator market as the costs of production and raw material are expected to rise until macroeconomic conditions improve which may slow down the sector growth.
In terms of type, the market is classified into single power supply and double power supply. Among these, the double power supply segment is projected to grow significantly through 2032. A dual power supply offers two separate voltages which can be used for a variety of things, including vehicles, industrial gear, and electrical devices. For instance, the dual voltage comparator employs twin power supplies to convert input voltage from one source to two separate output voltages appropriate for powering electronic devices such as LEDs and LCDs which is estimated to propel the segment expansion.
Based on application, the telecommunication segment is poised to emerge as a key application segment in the dual voltage comparator market by 2032. This can be credited to the increasing usage of analog to digital converters in the burgeoning telecom industry, especially in developing countries.
The Europe dual voltage comparator market is estimated to record exponential growth by 2032 on account of the rapid increase in in-store smartphone sales in major countries like the UK, France, and Italy. A commendable increase in new car registrations, owing to the gradual relaxation of coronavirus-induced lockdowns, will also boost regional demand, since these devices are used extensively in varied automotive electronic applications to maintain power flow.
The competitive landscape of the global market comprises companies, such as Microchip Technology Inc., AVNET, Renesas Electronics Corporation, Jameco Electronics, NTE Electronics, HTC Korea, Texas Instruments, NXP Semiconductors, Austin Semiconductor Inc., STMicroelectronics, RS Components (Electrocomponents), among others. These industry players are focusing on new product launches, partnerships, and acquisitions, among other strategies to strengthen their presence and product portfolio across the global market.