The power amplifier 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%. Major factors driving the power amplifier market include the need for high-quality audio and the increasing use of LTE technology.
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). Product launches and developments have been the key strategies adopted by the players to grow and stay competitive in the power amplifier market between January 2015 and March 2018. The ongoing R&D in the power amplifier space has encouraged companies to adopt these strategies. Besides product launches and developments, companies have adopted partnerships, collaborations, and strategic alliances to enhance their product portfolio. These strategies have significantly strengthened their position in the overall power amplifier market.
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Texas Instruments offers a wide portfolio of power amplifiers for a range of applications. The company is one of the pioneers in the audio power amplifier market. The company has adopted product launches as its key business strategy to expand its customer base and increase its revenue. For instance, in June 2018, Texas Instruments introduced three new digital-input Class-D audio amplifiers that enable engineers to deliver high-resolution audio in more smart-home and voice-enabled applications. These amplifiers are designed for personal electronics applications with any power level, including smart speakers, sound bars, TVs, notebooks, projectors and Internet-of-Things (IoT) applications.
Infineon Technologies mainly focuses on semiconductor solutions and microelectronics, which have been its key expertise areas. The recent penetration into the 5G cellular infrastructure with its innovative RF power technology is the key illustration depicting their growth strategy to diversify the application area in the power amplifier market. Further, the company focus on the inorganic growth strategy to increase their product offerings and penetrate in the new application area. For instance, in February 2018, the company acquired Merus Audio to increase product portfolio with Merus’ comprehensive and leading-edge Class-D Audio amplifier portfolio addressing the most demanding applications.
Power Amplifier Market by Product (Audio Power Amplifier, Radio Power Amplifier), Class (Class AB, Class C, Class D), Technology, Vertical (Consumer Electronics, Industrial, Telecommunication, Automotive) and Region - Global Forecast to 2023
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