At 2.7% CAGR, the South America Current Sense Amplifier Market is projected to be worth US$ 292.20 million by 2030, says Business Market Insights

According to Business Market Insights research, the South America Current sense amplifier market was valued at US$ 243.22 million in 2023 and is expected to reach US$ 292.20 million by 2030, registering a CAGR of 2.7% from 2023 to 2030. Growing Consumer Electronics Industry and growing use of current sensing amplifiers in telecommunication infrastructure are the critical factors attributed to the South America current sense amplifier market expansion.               

The demand for consumer electronics devices such as laptops, headphones, tablets, and smartphones continued to rise after the COVID-19 pandemic due to the flourishing work-from-home and learn-from-home trends and the increasing use of indoor entertainment devices. The need to closely monitor electronic devices has increased as energy efficiency and safety have become major concerns. In consumer electronics, current sense amplifiers are used extensively for power management. The amplifiers help to solve the problems of estimating the remaining battery life and implementing protection for the battery charging circuit. Due to the rising number of features continuously incorporated into electronic devices, their design is becoming complex. Here, current sense amplifiers help to solve the challenge by providing the space and power to accommodate each function. Moreover, the rising smartphone adoption worldwide pushes market players to boost smartphone production. In March 2023, Apple reported smartphone shipments growth of 65% year-on-year (YoY) in volume and around two times in value. This increase was mainly driven by the rise in the demand for premium phones. Thus, the growing adoption and shipment of smartphones are fueling the growth of the consumer electronic industry, driving the South America current sense amplifier market growth.  

On the contrary, shortage of skilled hurdles the growth of South America current sense amplifier market.

Based on sensing type, the South America current sense amplifier market is bifurcated into high-side sensing and low-side sensing. The high-side sensing segment held 64.4% share of South America current sense amplifier market in 2023, amassing US$ 156.52 million. It is projected to garner US$ 197.64 million by 2030 to expand at 3.4% CAGR during 2023–2030.

Based on current direction, the South America current sense amplifier market is bifurcated into unidirectional and bidirectional. The bidirectional segment held 55.3% share of South America current sense amplifier market in 2023, amassing US$ 134.42 million. It is projected to garner US$ 170.76 million by 2030 to expand at 3.5% CAGR during 2023–2030.

Based on end-use, the South America current sense amplifier market is segmented into electronics, automotive, telecommunications, industrial, and others. The electronics segment held 27.3% share of South America current sense amplifier market in 2023, amassing US$ 66.38 million. It is projected to garner US$ 86.50 million by 2030 to expand at 3.9% CAGR during 2023–2030.  

Based on country, the South America current sense amplifier market is segmented into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 65.9% share of South America current sense amplifier market in 2023. It was assessed at US$ 160.33 million in 2023 and is likely to hit US$ 198.20 million by 2030, exhibiting a CAGR of 3.1% during the forecast period.  

Key players profiles in the South America current sense amplifier market report Analog Devices Inc; Texas Instruments Inc; Microchip Technology Inc; Renesas Electronics Corp; ROHM Co Ltd; and STMicroelectronics NV, among others.

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