Global Digital Potentiometer IC Market was valued US$ 270 million in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 4.9% during the forecast period.
Global Digital Potentiometer IC Market
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Definition:
A Digital Potentiometer is a digitally controlled device and to adjust the voltage or current it is used mostly. It offers similar analog functions like a mechanical potentiometer.
Market Overview:
Digital potentiometers are one type of electronic device and mainly they are present in the form of integrated circuits, and also Digital potentiometers are used as substitutes for the mechanical potentiometers. They show the recompense that they are programmable. They are used in electronic circuits, for example in analog filter circuits. They can be controlled in the closed-loop.
There are some limits for use of correct digital potentiometer, these are internal memory, Digital interface, Performance, and Resolution. The digital potentiometers are better than a mechanical potentiometer in programming, consistency, speed, and it has less weight. Digital potentiometers are small in size as compared to mechanical potentiometers so it can fit in small IC packages due to this it is easy to carry.
The main factors which create a positive impact on the growth of the digital potentiometer IC market are the compact size and various potentiometer can be combined on a single IC with up to 6 channels.
Market Segmentation:
By end-users, the maximum use of digital Potentiometer IC is in home appliances. Furthermore, in communication products, instrumentation, automotive products, and other digital Potentiometer IC is used.
Global Digital Potentiometer IC Market1
Regional Analysis:
Region-wise, Global Digital Potentiometer IC Market is divided into North America, Europe, Middle East & Africa, Asia Pacific, and South America. The Asia Pacific has a significant market share in the digital potentiometer IC market due to the rising technological growth in the region and due to the developing economies, such as China, India and Japan, South Korea, Australia, Indonesia, Malaysia, Vietnam, and the rest of Asia followed by North America. Also, Europe is expected to record a high growth rate in the Global Digital Potentiometer IC Market due to an increase in technology in countries namely U.K., Germany, France, Russia, Spain, Italy, and Sweden.
The objective of the report is to present a comprehensive analysis of the Global Digital Potentiometer IC Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Digital Potentiometer IC Market dynamics, structure by analyzing the market segments and project the Global Digital Potentiometer IC Market size. Clear representation of competitive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Digital Potentiometer IC Market make the report investor’s guide.
Scope of the Global Digital Potentiometer IC Market
Global Digital Potentiometer IC Market, By Types
• 5 bits
• 6 bits
• 7 bits
• 8 bits
• 10 bits
Global Digital Potentiometer IC Market, By End User
• Instrumentation
• Communication
• Home appliances
• Automotive products
• Others
Global Digital Potentiometer IC Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Digital Potentiometer IC Market
• Parallax Inc
• Microchip Technology Inc
• Renesas Electronics Corporation
• Texas Instruments
• Freescale semiconductor
• Maxim Integrated
• ON Semiconductor
• Analog Device
• Vsi Electronics Pvt Ltd.
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