At 5.4% CAGR, Europe Analog Signal Conditioners Market is Projected to be Worth US$ 385.39 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe analog signal conditioners market was valued at US$ 252.90 million in 2023 and is expected to reach US$ 385.39 million by 2031, registering a CAGR of 5.4% from 2023 to 2031. Growth in aerospace industry and increasing demand for advanced data acquisition systems are among the critical factors attributed to drive the Europe analog signal conditioners market growth.

The aerospace industry has been witnessing tremendous growth. The domestic commercial aviation sector is experiencing a significant increase in passenger traffic as it is the fastest way of transport. According to Boeing, passenger traffic is expected to grow by 3.8% during 2022–2041. Furthermore, as per the International Air Transport Association (IATA), global air traffic rose by 67.0% in January 2023 as compared to January 2022. In addition, air traffic grew by 84.2% in January 2023 as compared to January 2019. More air traffic leads to a higher number of flight operations globally, which will raise the need for more aircraft worldwide. To cater to this rising demand, various aircraft manufacturers are increasing their production annually. For instance, in January 2024, Airbus announced that they delivered 735 commercial aircraft in 2023, which is an 11% increase compared to 2022. Similarly, in 2023, Boeing delivered 528 aircraft, which is an increase of 10% compared to 2022. Thus, the rise in the production of aircraft will boost the demand for analog signal conditioners, as these conditioners are used for various sensitive applications. They are used in navigation systems, flight controls, communication systems, and other systems to increase the strength of the signals as well as provide optimal performance and accuracy. Thus, the growing production of aircraft will raise the need for analog signal conditioners, which is anticipated to create an opportunity for the growth of the analog signal conditioners market during the forecast period.

On the contrary, complexity associated with analog signal conditioners hampers the growth of Europe analog signal conditioners market.

By type, the Europe analog signal conditioners market is segmented into single channel, dual channel, and multi-channel. The single channel segment held 40.2% share of Europe analog signal conditioners market share in 2023, amassing US$ 101.57 million. It is projected to garner US$ 146.95 million by 2031 to register 4.7% CAGR during 2023–2031.

In terms of application, the Europe analog signal conditioners market is segmented into consumer electronics, automotive, healthcare, aerospace and defense, and others. The consumer electronics segment held 29.5% share of Europe analog signal conditioners market share in 2023, amassing US$ 74.64 million. It is projected to garner US$ 120.34 million by 2031 to register 6.2% CAGR during 2023–2031.

Based on country, the Europe analog signal conditioners market is categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.4% share of Europe analog signal conditioners market in 2023. It was assessed at US$ 66.84 million in 2023 and is likely to hit US$ 112.95 million by 2031, registering a CAGR of 6.8% during 2023–2031.

Key players operating in the Europe analog signal conditioners market are Analog Devices Inc; Dataforth Corporation; OMEGA Engineering, Inc.; Pepperl+Fuchs SE; PHOENIX CONTACT GmbH & Co. KG; Red Lion Controls Inc; Texas Instruments Inc; Weidmuller Interface GmbH & Co KG; and Yokogawa Electric Corp, among others.

• In 2023: PHOENIX CONTACT GmbH & Co. KG received a ‘Milestone in Miniaturization’ and ‘Best of Industry Award’ from The Vogel Communications Group - PHOENIX CONTACT GmbH & Co. KG received a ‘Milestone in Miniaturization’ and ‘Best of Industry Award’ from The Vogel Communications Group to develop highly compact MINI Analog Pro Ex i signal conditioners with SIL 3.

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