About Digital Potentiometer IC
Digital potentiometer IC is an integrated chip (IC) which accepts signal input. It avoids physical movement of a shaft for adjustment. Digital potentiometer is mainly used to control electrical devices like audio equipment. They are mainly control volume of audio equipments. Digital potentiometers provides excellent performance for several range of industrial temperatures. They are encapsulated hence they are mostly preferred over mechanical potentiometer. Thus, superior unique feature over mechanical potentiometer and ability of customization has impacted on the demand for digital potentiometer IC in positive manner.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market of digital potentiometer IC is expected to grow with rising demand over mechanical potentiometer. Several companies are operating in the market to provide advanced digital potentiometer. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand. They are taking certain strategic initiatives with new entrants to expand their existing portfolio. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Analog Devices, Inc (United States), Mouser Electronics, Inc. (United States), Parallax Inc (United States), Microchip Technology Inc. (United States), ON Semiconductor (United States), Maxim Integrated (United States), Texas Instruments (United States), Renesas Electronics Corporation. (Japan), Rantle (China), SEMIKART (India), Vsi Electronics Pvt Ltd (India), Thingbits Ltd. (India) and IBS Electronics Inc. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Potentiometer IC market by Type (Volatile Memory Digital Potentiometer, Non Volatile Memory Digital Potentiometer, One-time programmable, Multitime Programmable Memory (MTP) and EEPROM), Application (Home Appliances, Communication Products, Instrumentation, Automotive Products and Others) and Region.
On the basis of geography, the market of Digital Potentiometer IC has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Supply Range , the sub-segment i.e. Single Supply will boost the Digital Potentiometer IC market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Online will boost the Digital Potentiometer IC market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Encapsulated Potentiometer
Market Growth Drivers:
Rising Demand with Augmenting Electrical Instrumentation Activities and Superior Properties over Mechanical Pot
Challenges:
Availability of Substitutes and Limited Applicability for High Magnitude of Current
Restraints:
Less Internal Resistance owing to Temperature Variation
Opportunities:
Preference for Customized, Reliable and Encapsulated Potentiometers had Created Growth Opportunities for Market
Market Leaders and their expansionary development strategies
In November 2023, ON Semiconductor and STMicroelectronics announce a collaboration to develop next-generation digital potentiometer ICs with integrated security features. This partnership aims to address growing concerns about cybersecurity in connected devices.
In October 2023, Analog Devices introduces the MAX11663, a low-power, single-channel digital potentiometer with integrated ESD protection. It boasts low power consumption (250nA typical) and high resolution (1024 steps), making it ideal for battery-powered applications.
Key Target Audience
Digital Potentiometer IC Manufacturers, Digital Potentiometer IC Supplier/Distributor, Research Organizations, New Entrants/Investors, Strategic Business Planners, Government Regulatory and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.