Global dual voltage comparator market is set to gain significant traction from 2021 to 2027. This is given 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 2021-2027. The mounting production of advanced electronic devices will contribute to 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 growth, given the use of these tools by microchip manufacturers to develop top-notch electronic products.
Telecommunication is poised to emerge as a key application segment in the dual voltage comparator market by 2027. This can be credited to the increasing usage of analog to digital converters in the burgeoning telecom industry, especially in developing countries. According to the Telecom Regulatory Authority of India, the average wireless data usage per wireless data subscriber per month in India was 11 GB in FY2020.The increasing rate of data consumption worldwide will thus generate lucrative opportunities for industry expansion over the coming years.
Europe dual voltage comparator market will amass considerable gains by 2027, considering 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., Austin Semiconductor Inc., Jameco Electronics, Renesas Electronics Corporation, AVNET, Advanced Linear Devices, STMicroelectronics, NTE Electronics, RS Components (Electrocomponents), NXP Semiconductors, Texas Instruments, and HTC Korea, 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.
The ongoing coronavirus pandemic and its resulting economic impacts have created havoc across varied industries, including automotive. Auto retail sales in the United States, for example, are expected to further decline, due to the global semiconductor shortage and inventory disruptions caused by the fast-spreading Delta variant at dealerships. According to J.D. Power and LMC Automotive, retail sales of new vehicles were estimated to reduce by 14.3% in August 2021, as compared to a year prior. Given the important role of dual voltage comparator IC in automotive applications, the potential decline in vehicles sales may hinder the industry.
However, the growth of the e-Commerce sector and the robust demand for consumer electronics during the pandemic may aid the market recovery over the coming years. The virus outbreak has spurred the PC sector, with the device emerging as a versatile and dependable machine for the stay-at-home economy to perform a range of activities like learning. This, in turn, could create significant demand for efficient dual voltage comparator circuits, particularly from consumer electronics applications.
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