(EMAILWIRE.COM, August 23, 2019 ) The power amplifiers market is expected to grow from USD 21.4 billion in 2018 to USD 30.6 billion by 2023, at a CAGR of 7.4% during the forecast period. The study involved 4 major activities to estimate the current market size for power amplifiers. Exhaustive secondary research was done to collect information about market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing, with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

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By class, class D power amplifier is expected to overtake class A and class B power amplifiers during the forecast period.

According to the circuit configuration and method of operation, power amplifiers can be distinguished into different classes. In 2018, Class A power amplifier is expected to hold the largest share owing to the high demand for low power consumer electronics. Class D power amplifier is expected to witness significant growth owing to its high clarity in loud voice and overtake class A and class B power amplifiers during the forecast period.

By technology, Silicon Germanium (GaAs)-based power amplifier is expected to register the highest growth during the forecast period.
The market for SiGe-based RF amplifier is expected to witness highest growth during the forecast period. This is because the devices based on the silicon germanium material deliver better performance in low-power, high-frequency applications than those based on other materials such as silicon and gallium arsenide. Better efficiency, combined with the lower cost of silicon manufacturing, has made SiGe a more popular material for RF power amplifiers in recent years.

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By vertical, industrial segment is expected to witness highest growth during the forecast period

The advent of industrial automation has seen several evolutionary stages, with significant advancement in ideas, design, and technology. There has been a new trend of connection/communication between machines, called machine-to machine (M2M) communication, or, more in general, IoT. The industrial vertical is making use of mobile and wireless communications to connect machines and equipment together. This is expected to be the key factor contributing to the highest growth of industrial vertical.

Asia Pacific is expected to hold the largest share of the power amplifier market during the forecast period

Asia Pacific is expected to account for the largest share in 2018. This is attributed to the presence of key electronics manufacturers such as Samsung, Hitachi, Nissan, Panasonic, and Honda. China, Japan, South Korea, and India offer some of the prolific electronics manufacturers in APAC. There has been a paradigm shift of users from 3G to 4G technology in this region. The markets in Asia are encouraging the development of 5G mobile technologies, with commercial deployments planned in South Korea in 2019, and Japan and China in 2020.

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Key players in the power amplifier ecosystem include Infineon Technologies (Germany), Texas Instruments (US), Broadcom (US), Toshiba (Japan), STMicroelectronics (Switzerland), Maxim Integrated (US), Yamaha (Japan), Qorvo (US), NXP Semiconductors (Netherlands), Analog Devices (US), Skyworks Solutions (US), QSC Audio Products (US), Peavey Electronics (US), Qualcomm (US), MACOM (US), BONN Elektronik (Germany), Renesas Electronics (Japan), ETL Systems (UK), and OPHIR RF (US).

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