Digital Potentiometer IC Market Size, Industry Analysis Report By product (8-bit, 6-bit, 7-bit, 10-bit), By application (Home appliances, Communication products, Instrumentation, Automotive products) & Region - Forecasts By 2033
- PUBLISHED ON
- 2022-10-08
- NO OF PAGES
- 222
- CATEGORY
- Electronics & Communication
Market Overview
The Global Digital Potentiometer IC Market is presently worth USD 360.93 million and is poised to amplify at a CAGR of 4.9% over 2023-2033, thereby amassing a valuation of USD 529.21 million by end of the assessment timeline.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 360.93 Million |
Market Forecast in 2033 | USD 529.21 Million |
CAGR % 2023-2033 | 4.9% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product type, end-user industry, company share, company heatmap, company Material Technology Vehicle type capacity, growth factors and more |
Segments Covered | product, application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Parallax Inc, Microchip Technology Inc, Renesas Electronics Corporation, Texas Instruments, Freescale semiconductor, Maxim Integrated, ON Semiconductor, Analog Device, and Vsi Electronics Pvt Ltd. |
Digital Potentiometer IC Market: Description
A variable resistor under the control of a digital signal is the digital potentiometer. Unlike traditional potentiometers, which employ mechanical motions, digital potentiometers use digital signals. Most often, a resistive ladder—a set of connected resistors in series—is used to do this. A protocol like I2C or SPI, as well as up and down signals, are used to regulate this digital resistor.
Integrated circuits called digital potentiometers are available with volatile memory and non-volatile memory. A mixed signal device is the digital potentiometer. Three terminal potentiometer components make up the device's analogue portion. The registers, interface, and controls that work with the potentiometer make up the digital portion of the device.
The serial bus is mostly used to control digital potentiometers. However, certain potentiometers are made to be operated via front panel switches and control logic. IC design parameters must be taken into account while creating a digital potentiometer. The digital potentiometer's pins with a limited voltage range, linearity, differential and integral functions, temperature coefficients, isolation resistance, noise, and potentiometer capacitances are a few examples.
One sort of electronic device is a digital potentiometer, which is typically found in the form of an integrated circuit. Digital potentiometers can also be used to replace mechanical potentiometers. They demonstrate their programmability by demonstrating this. Electronic circuits, such as analogue filter circuits, utilise them. They are subject to closed-loop control.
The internal memory, digital interface, performance, and resolution of the suitable digital potentiometer are some of its limitations. The programming, consistency, speed, and weight of digital potentiometers are superior to those of a mechanical potentiometer. Because they may fit in compact IC packages and are smaller than mechanical potentiometers, digital potentiometers are portable. The compact size and the variety of potentiometers that can be put on a single IC with up to 6 channels are the primary reasons that positively affect the growth of the digital potentiometer IC market.
Because digital potentiometers are smaller than mechanical ones, carrying the digital potentiometer IC is simple. The digital potentiometer can fit in compact IC packages because of its reduced size. The use of digital potentiometers grows as a result of lower size, which boosts demand for the digital potentiometer IC industry. It is predicted that less exposure to vibration and manipulation will raise demand for digital potentiometer ICs
Due to its features, digital potentiometer IC are less susceptible to physical interference and vibration. Because it is an integrated circuit, a digital potentiometer has more features than a mechanical one. The high resolution, stability, and dependability of digital potentiometers are bolstering the overall industry expansion.
Digital Potentiometer IC Market- Segmental Analysis:
Product Insights
The 8-bit segment led the global Digital Potentiometer IC market, in 2022 and is anticipated to grow at a significant CAGR by 2033.
Application Insights
Home appliances segment registered the highest growth in the market, in 2022 and is anticipated to grow at a significant CAGR by 2033.
Regional Insights
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share, due to the region's accelerating technical development as well as the evolving economies in South Korea, Australia, Indonesia, Malaysia, Vietnam, China, India, and the rest of Asia, which are followed by North America.
Competitive Analysis
The prominent companies defining the competitive terrain of this marketplace are Parallax Inc, Microchip Technology Inc, Renesas Electronics Corporation, Texas Instruments, Freescale semiconductor, Maxim Integrated, ON Semiconductor, Analog Device, and Vsi Electronics Pvt Ltd.
Digital Potentiometer IC Market- Segmental Analysis
By product
· 8-bit
· 6-bit
· 7-bit
· 10-bit
· Others
By application
· Home appliances
· Communication products
· Instrumentation
· Automotive products
· Others
1. Global Digital Potentiometer IC Market Introduction and Market
Overview
1.1.
Objectives of the Study
1.2.
Global Digital Potentiometer IC
Market Scope and Market Estimation
1.2.1.Global Digital
Potentiometer IC Overall Market Size, Revenue (US$ Mn) and Volume (Units),
Market CAGR (%), Market forecast (2023 - 2033)
1.2.2.Global Digital
Potentiometer IC Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3.
Market Segmentation
1.3.1.Product of
Global Digital Potentiometer IC Market
1.3.2.Application
of Global Digital Potentiometer IC Market
1.3.3.Region
of Global Digital Potentiometer IC Market
2. Executive Summary
3. Market Factor Analysis
3.1. Global Digital
Potentiometer IC Market Application Trends under COVID-19 Outbreak
3.1.1.Global
COVID-19 Status Overview
3.1.2.Influence
of COVID-19 Outbreak on Global Digital Potentiometer IC Market Application
Development
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact
Analysis of Drivers and Restraints
3.3. Value Chain/ Ecosystem
Analysis
3.3.1.Manufacturers
/ Vendors
3.3.2.Distributors
3.3.3.Buyers /
End-users
3.3.4.Forward Integration
& Backward Integration of Key Stakeholders
3.4. Global Digital
Potentiometer IC Market - Pricing Trends Analysis & Average Selling Prices
(ASPs)
3.5. Porter’s Five Forces
Analysis
3.5.1.Bargaining
Power of Suppliers
3.5.2.Bargaining
Power of Buyers
3.5.3.Threat
of Substitutes
3.5.4.Threat
of New Entrants
3.5.5.Competitive
Rivalry
3.6. PEST Analysis
3.6.1.Political
Factors
3.6.2.Economic
Factors
3.6.3.Social
Factors
3.6.4.Technological
Factors
3.7. Impact of Russia Ukraine
War on Digital Potentiometer IC Market
3.8. Impact of Economic
Downturn on Digital Potentiometer IC Market
3.9. Digital Potentiometer IC Production
Capacity, by Major Countries
3.10. Market Investment
Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4. Global Digital
Potentiometer IC Market Estimates & Forecast Trend Analysis, by Product
4.1.
Global Digital Potentiometer IC
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Product,
2019 to 2033
4.1.1.8-bit
4.1.2.6-bit
4.1.3.7-bit
4.1.4.10-bit
4.1.5.Others
5. Global Digital
Potentiometer IC Market Estimates & Forecast Trend Analysis, by Application
5.1.
Global Digital Potentiometer IC
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Application,
2019 to 2033
5.1.1.Home
appliances
5.1.2.Communication
products
5.1.3.Instrumentation
5.1.4.Automotive
products
5.1.5.Others
6. Global Digital
Potentiometer IC Market Estimates & Forecast Trend Analysis, by Region
6.1.
Global Digital Potentiometer IC
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region,
2019 to 2033
6.1.1.North
America
6.1.2.Europe
6.1.3.Asia
Pacific
6.1.4.Middle East & Africa
6.1.5.South
America
7. North America Digital Potentiometer IC Market: Estimates & Forecast Trend Analysis
7.1. North America Digital Potentiometer IC Market Assessments & Key
Findings
7.1.1.Digital
Potentiometer IC Market Introduction
7.1.2.Digital
Potentiometer IC Market Size Estimates and Forecast (US$ Million & Units) (2019
– 2033)
7.1.2.1.
By Product
7.1.2.2.
By Application
7.1.2.3.
By Country
7.1.2.3.1.
The U.S.
7.1.2.3.2.
Canada
7.1.2.3.3.
Mexico
8. Europe Digital Potentiometer IC Market: Estimates & Forecast Trend Analysis
8.1.
Europe Digital Potentiometer IC
Market Assessments & Key Findings
8.1.1.Digital
Potentiometer IC Market Introduction
8.1.2.Digital
Potentiometer IC Market Size Estimates and Forecast (US$ Million & Units) (2019
– 2033)
8.1.2.1.
By Product
8.1.2.2.
By Application
8.1.2.3.
By Country
8.1.2.3.1.
Italy
8.1.2.3.2.
Germany
8.1.2.3.3.
U.K.
8.1.2.3.4.
France
8.1.2.3.5.
Spain
8.1.2.3.6.
Rest of Europe
9. Asia Pacific Digital Potentiometer IC Market: Estimates & Forecast Trend Analysis
9.1.
Asia Pacific Market Assessments
& Key Findings
9.1.1.Digital
Potentiometer IC Market Introduction
9.1.2.Digital
Potentiometer IC Market Size and Volume Estimates and Forecast (US$ Million
& Units) (2019 – 2033)
9.1.2.1.
By Product
9.1.2.2.
By Application
9.1.2.3.
By Country
9.1.2.3.1.
China
9.1.2.3.2.
Japan
9.1.2.3.3.
India
9.1.2.3.4.
Australia
9.1.2.3.5.
South Korea
9.1.2.3.6.
ASEAN
9.1.2.3.7.
Rest of Asia Pacific
10. Middle East & Africa Digital Potentiometer IC Market: Estimates & Forecast Trend Analysis
10.1. Middle East & Africa Market Assessments & Key Findings
10.1.1.
Digital Potentiometer IC Market
Introduction
10.1.2.
Digital Potentiometer IC Market
Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
10.1.2.1.
By Product
10.1.2.2.
By Application
10.1.2.3.
By Country
10.1.2.3.1. U.A.E.
10.1.2.3.2. Saudi Arabia
10.1.2.3.3. Egypt
10.1.2.3.4. South Africa
10.1.2.3.5. Rest of Middle East & Africa
11. South America Digital Potentiometer IC Market: Estimates & Forecast Trend Analysis
11.1. South America Market Assessments & Key Findings
11.1.1.
Digital Potentiometer IC Market
Introduction
11.1.2.
Digital Potentiometer IC Market
Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
11.1.2.1.
By Product
11.1.2.2.
By Application
11.1.2.3.
By Country
11.1.2.3.1. Brazil
11.1.2.3.2. Argentina
11.1.2.3.3. Colombia
11.1.2.3.4. Rest of South America
12.
Competition Landscape
12.1. Digital Potentiometer IC Market Competition Matrix &
Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants
12.2. Digital Potentiometer IC Market Competition White Space Analysis, By
End-user
12.3. Digital Potentiometer IC Market Competition Regional Intensity Map
Analysis, By Geographies Served
12.4. Digital Potentiometer IC Market Concentration & Company Market
Shares (%) Analysis, 2022
13.
Company Profiles
13.1.Parallax Inc
13.1.1.
Company Overview & Key
Stats
13.1.2.
Financial Performance &
KPIs
13.1.3.
Product Portfolio
13.1.4.
Business Strategy & Recent
Developments
* Similar details would be provided for all the players
mentioned below
13.2.Microchip Technology Inc,
13.3.Renesas Electronics Corporation,
13.4.Texas Instruments,
13.5.Freescale semiconductor,
13.6.Maxim Integrated,
13.7.ON Semiconductor,
13.8.Analog Device,
13.9.Vsi Electronics Pvt Ltd
13.10.
Others**
14.
Research Methodology
14.1.
External Power
Outputs / Databases
14.2.
Internal
Proprietary Database
14.3.
Primary Research
14.4.
Secondary
Research
14.5.
Assumptions
14.6.
Limitations
14.7.
Report
FAQs
15.
Research Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The Global Digital Potentiometer IC Market is presently worth USD 360.93 million and is poised to amplify at a CAGR of 4.9% over 2023-2033, thereby amassing a valuation of USD 529.21 million by end of the assessment timeline.
What are the drivers shaping various markets?
The compact size and the variety of potentiometers that can be put on a single IC with up to 6 channels are the primary reasons that positively affect the growth of the digital potentiometer IC market.
Who are the key competitors of market Players?
Some of the major players operating within the market are Parallax Inc, Microchip Technology Inc, Renesas Electronics Corporation, Texas Instruments, Freescale semiconductor, Maxim Integrated, ON Semiconductor, Analog Device, and Vsi Electronics Pvt Ltd.
What are the top performing segments, and countries / regions of each of the markets?
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share, due to the region's accelerating technical development as well as the evolving economies in South Korea, Australia, Indonesia, Malaysia, Vietnam, China, India, and the rest of Asia, which are followed by North America.
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