Digital Potentiometer Market is valued at USD 280.54 Million in 2018 and expected to reach USD 407.85 Million by 2025 with the a CAGR of 5.49% over the forecast period. Advancement in optical communication technology is the key driving factor for the growth of Global Digital Potentiometer Market.
A digital potentiometer is a digitally-controlled electronic component that simulates the analog functions of a potentiometer. Digital potentiometers are used to trim and scale the incoming analog signals. They provide an output resistance on digital inputs that is variable based and thus are sometimes referred to as resistive digital to analog converters. It deals like the same analog functions just as a rheostat or potentiometer but allows more accurate and robust calibration process. Digital potentiometer has various benefits over traditional one such as; high reliability, negligible resistance drift and very low power dissipation up to tens of mill watts. It is used in wide range of applications for factory adjustment and calibration of the equipment especially where the mechanical rheostat has some issues.
Global digital potentiometer market is segmented on the basis of by product type, application and by region. Based on product type the digital potentiometer market is segmented into 8-bit, 6-bit, 7-bit and 10-bit. Based upon application type the market is divided into home appliances, communication products, instrumentation and automotive products.
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The regions covered in this digital potentiometer market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Digital Potentiometer market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Digital Potentiometer Market Reports–
Key players of the security analytics market are Analog Device, Texas Instruments, Microchip, AMS, ON Semiconductor, Maxim, Intersil, Vishay, Parallax and others.
Growing automotive industry and consumer electronics boosts the growth of Global Digital Potentiometer Market.
Major factors driving the growth of digital potentiometer market are increasing consumer focus towards the electronic equipment where digital pots are building block of all electronic circuits for various active control applications like trimming or calibration of incoming signals and huge popularity in replacing traditional DACs in variety of applications. For example, in wireless base stations the threshold voltages of the RF power amplifiers are vary widely in the process of production, thus it requires digital pots is going to be another driving factor of this market. Digital potentiometer is not suitable for high power applications can be one of the restraining factors of this market. New digitization technologies in the field of consumer electronics are predicted to offer the great opportunities in near future.
North America is expected to dominate the Digital Potentiometer Market throughout the forecast period.
North America is largest market for digital potentiometer and expected to dominate the market throughout the forecast period due to the large availability of electronics manufacturers. Moreover, there are continuous innovations for automotive sector in developed countries especially in US to develop the large amount of digital pots. Europe holds the second largest market followed by Asia pacific. The United Kingdom is one of the leading digital nations in all over the world. Asia pacific grows exponentially all over the world due to the presence of highly developed digitization and advanced sensor technology. Latin America and middle east Africa are expected to show a steady growth rate in near future due to less awareness in advanced technology.
Key Benefits for Digital Potentiometer Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Digital Potentiometer Market Segmentation –
By Product Type (8-bit, 6-bit, 7-bit, 10-bit), By Application (Home Appliances, Communication Products, Instrumentation, Automotive Products)
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