Report : North America Amplifier and Comparator Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Type (Amplifier and Comparator) and Application (Industrial Sector, Communications Sector, Computing Devices, Consumer Electronics Devices, Automotive, Military & Aerospace, and Others)
At 6.8% CAGR, the North America Amplifier and Comparator Market is speculated to be worth US$ 4,015.93 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the North America amplifier and comparator market is expected to grow from US$ 2,532.58 million in 2023 to US$ 4,015.93 million by 2030, registering a CAGR of 6.8% from 2023 to 2030. Increasing demand for optical amplifiers and adoption of advanced driver-assistance systems are the critical factors attributed to the North America amplifier and comparator market expansion.
Optical amplifiers are important in optical communication and laser applications as they amplify optical signals without converting them into electrical signals. This property minimizes signal degradation and improves the overall system performance. The main applications of optical amplifiers include long-haul and metro networks, fiber-to-the-home (FTTH), dense wavelength duplication, coherent optical systems, and optical fiber testing. A semiconductor optical amplifier is a low-cost option used to provide a high-performance in long-distance wavelength division multiplexing (WDM) networks; due to this characteristic, the optical fibers are used in in-line amplification, an optical network, general purpose tests and measurements, and fiber sensing. Businesses, processes, and organizations are undergoing rapid digital transformations, leading to the increasing adoption of optical fiber in the region. Thus, various governments are taking several initiatives to develop the optical fiber infrastructure in their countries. Thus, the increasing demand for optical amplifiers with the rise in the implementation of various modern network types bolsters the amplifier and comparator market growth. This is expected to drive the North America amplifier and comparator market during the forecast period.
On the contrary, physical limitations of operational amplifiers hurdles the growth of North America amplifier and comparator market.
Based on type, the North America amplifier and comparator market is bifurcated into amplifier and comparator. The amplifier segment held 66.8% market share in 2023, amassing US$ 1,692.33 million. It is projected to garner US$ 2,758.78 million by 2030 to expand at 7.2% CAGR during 2023–2030.
Based on application, the North America amplifier and comparator market is categorized into industrial sector, communications sector, computing devices, consumer electronics devices, automotive, military & aerospace, and others. The industrial sector segment held 30.0% share of North America amplifier and comparator market in 2023, amassing US$ 760.39 million. It is projected to garner US$ 1,142.92 million by 2030 to expand at 6.0% CAGR during 2023–2030.
Based on country, the North America amplifier and comparator market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.2% share of North America amplifier and comparator market in 2023. It was assessed at US$ 1,879.27 million in 2023 and is likely to hit US$ 3,076.20 million by 2030, exhibiting a CAGR of 7.3% during the forecast period.
Key players dominating the North America amplifier and comparator market are ABLIC Inc; Analog Devices Inc; Broadcom Inc; Microchip Technology Inc; NXP Semiconductors; On Semiconductor; Renesas Electronics Corporation; Skyworks Solutions Inc; STMicroelectronics NV; and Texas Instruments Inc among others.
- In Aug 2021, Analog Devices Completed the Acquisition of Maxim Integrated.
- In Nov 2021, Broadcom announced the industry's first 100G/lane optical PAM-4 DSP PHYs with Integrated TIA and laser driver..
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