Operational Amplifier Market size is slated to account for notable growth in the coming years, owing to rising demand for operational amplifiers driven by growing trend of automation across automotive and manufacturing industries. Additionally, a dynamic rise in the demand for battery-powered products has significantly bolstered the market demand to a much larger extent. Besides, an increase in demand for connected devices would further fuel the industry progression over 2021-2027.
Operational amplifiers boast high input impedance and are deemed to be the basic building blocks of analog electronic circuits. These devices are also used for filtering, signal conditioning, and other processing activities while being used to carry out mathematical operations such as differentiation, subtraction, addition, and subtraction. Besides, operational amplifier circuit is also being largely utilized in automation, control, and other electronic circuits for marine applications.
The operational amplifier market is projected to observe hinderance due to the growing customer demand for lower current consumption, restricting the use of operational amplifiers. Besides, the global financial uncertainty and macroeconomic situations are some other major factors restricting the market expansion during the forecast timeframe.
However, technological advancements in operational amplifiers would open up new growth opportunities for the overall market progression.
Based on the type, high precision operational amplifiers are gaining significant ground globally. The product is a specialized device that features extremely low voltage offset, input bias current, offset drift, and reduced noise and high-power dissipation performance. High precision operational amplifiers are generally used between sensors to capture their output signals without loading the transducer output. These are also being utilized in analog filters wherein they do not distort the signal of interest. Various companies have been coming up with high precision operational amplifiers to serve effectively to the consumer demands.
Operational amplifiers are being largely used in control systems for performing integration and differentiation of signals, amplifying signals in sensor circuits, and filters for signal compensation. The product also boasts innumerable applications in the medical field. Conventional op-amps are being widely used in pulse oximeters, while diverse contemporary Op-Amps including differential, instrumentation, and PGA and FGA amplifiers are being abundantly adopted for different medical operations.
Asia Pacific operational amplifier market would churn out significant growth over 2021-2027. This can be reasoned to the growing advancements in electronics industry and escalating demand for these devices across the thriving automotive and manufacturing industries. Besides, the increasing demand for cost efficiency and high-performance applications are some of the other pivotal factors impelling the demand for operational amplifiers in the region. Moreover, flourishing semiconductor industry in the APAC countries would open up new growth opportunities for the regional market.
The global operational amplifier market is highly consolidated and boasts of prominent companies including Texas Instruments Inc., ON Semiconductor, NXP Semiconductors NV, Cirrus Logic, Inc., STMicroelectronics, Fairchild Semiconductor (ON Semiconductor), and Analog Devices, Inc., amongst others.
These industry participants are consistently striving to produce innovative products in the business space to gain a significant position in the marketplace while being engaged in mergers and acquisitions, and partnerships.
Outbreak of the coronavirus pandemic has ruptured the semiconductor business, thus negatively influencing the market revenue. Acute shortages of semiconductor chips, movements restrictions, a temporary halt in production, and disruptions in the supply chains have indeed added to the sluggish growth rate of the industry during 2020.
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