Report : Middle East & Africa Current Sense Amplifier Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Sensing Type (High-side Sensing and Low-side Sensing), Current Direction (Unidirectional and Bidirectional), and End User (Electronics, Automotive, Telecommunications, Industrial, and Others)
At 3.7% CAGR, the Middle East & Africa Current Sense Amplifier Market is speculated to be worth US$ 173.89 million by 2030, says Business Market Insights
According to Business Market Insights research, the Middle East & Africa Current sense amplifier market was valued at US$ 134.63 million in 2023 and is expected to reach US$ 173.89 million by 2030, registering a CAGR of 3.7% from 2023 to 2030. Growing use of current sensing amplifiers in telecommunication infrastructure and growing consumer electronics industry are the critical factors attributed to the Middle East & Africa current sense amplifier market expansion.
The rising demand for strong connectivity across the world fuels the need for advanced telecommunication infrastructure. As telecom infrastructure serves as the foundation for modern digital economies, there is a growing need for its development. A strong telecom infrastructure can help governments of different countries at national and international levels to achieve economic growth, digital inclusion, social mobility, and environmental objectives. Thus, the demand for 5G is increasing worldwide for strong connectivity. According to GSMA, in 2022, there was 17% of 5G penetration across the world, which is expected to reach 54% by 2030. As 5G is the critical new-generation network technology that can enable innovation and support digital transformation, its demand is increasing across the world. Therefore, the governments of various countries are investing in 5G infrastructure. Thus, such growing investments in 5G infrastructure raise the demand for current sensing amplifiers as it is used in telecom infrastructure equipment such as networking devices, modems, routers, and others, where there is a need for current monitoring and current control loops. Thus, the growing telecom infrastructure is fueling the growth of the Middle East & Africa current sense amplifier market.
On the contrary, shortage of skilled labors hurdles the growth of Middle East & Africa Current sense amplifier market.
Based on sensing type, the Middle East & Africa current sense amplifier market is bifurcated into high-side sensing and low-side sensing. The high-side sensing segment held 63.9% share of Middle East & Africa current sense amplifier market in 2023, amassing US$ 86.03 million. It is projected to garner US$ 112.83 million by 2030 to expand at 3.9% CAGR during 2023–2030.
Based on current direction, the Middle East & Africa current sense amplifier market is bifurcated into unidirectional and bidirectional. The bidirectional segment held 53.5% share of Middle East & Africa current sense amplifier market in 2023, amassing US$ 72.09 million. It is projected to garner US$ 99.18 million by 2030 to expand at 4.7% CAGR during 2023–2030.
Based on end-use, the Middle East & Africa current sense amplifier market is segmented into electronics, automotive, telecommunications, industrial, and others. The electronics segment held 28.0% share of Middle East & Africa current sense amplifier market in 2023, amassing US$ 37.73 million. It is projected to garner US$ 53.30 million by 2030 to expand at 5.1% CAGR during 2023–2030.
Based on country, the Middle East & Africa current sense amplifier market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that South Africa captured 25.4% share of Middle East & Africa current sense amplifier market in 2023. It was assessed at US$ 34.20 million in 2023 and is likely to hit US$ 42.04 million by 2030, exhibiting a CAGR of 3.0% during the forecast period.
Key players profiles in the Middle East & Africa current sense amplifier market report Analog Devices Inc; Microchip Technology Inc; Renesas Electronics Corp; STMicroelectronics NV; and Texas Instruments Inc, among others.
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