About Digital Potentiometers
A digital potentiometer (digiPOT) is a digitally controlled device, which can be used to adjust current or voltage and provides the same analog functions as a mechanical potentiometer or rheostat. This allows an automatic calibration process that is more robust, more accurate, and faster, with smaller voltage glitches. Furthermore, the digital potentiometers are often used for digital trimming and calibration of analog signals and are typically controlled by digital protocols, such as SPI and I2 C, and more basic up/down as well as push-button protocols.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is highly competitive owing to the availability of several key players within the industry. Some of the prominent players are adopting some organic and inorganic strategies such as merger, acquisition, expansion, and product launches in order to gain leading share as well as to serve the growing demand for the digital potentiometers from end-user industries. Moreover, the demand for digital potentiometers is rapidly growing as replacements of mechanical potentiometers and thereby, there are significant opportunities for the existing as well as new players within the market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Digital Potentiometers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microchip Technology (United States), Analog Devices (United States), Renesas Electronics Corporation (Japan), ON Semiconductor (United States), Intersil (United States), ELCIS ENCODER (Italy), Electro-Sensors (United States), Hohner Automaticos (Spain), Mantracourt Electronics Ltd (United Kingdom) and Megacon (Norway) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are MICRONOR Inc. (United States), Nidec Copal Electronics (United States), OPKON Optik Electronic (Turkey), PR ELECTRONICS (Denmark) and P L Tandon & Co (India).
Segmentation Overview
AMA Research has segmented the market of Global Digital Potentiometers market by , Application (Computer and Network Equipment, LCD Displays, Industrial and Instrumentation, Automotive and Others {Consumer Applications, General Purpose Applications, RF Communications, Optical Communications, and Others}) and Region.
On the basis of geography, the market of Digital Potentiometers 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 Configuration, the sub-segment i.e. Single will boost the Digital Potentiometers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Digital Potentiometers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Manual will boost the Digital Potentiometers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Digital Potentiometer
Market Growth Drivers:
The Low Cost of Digital Potentiometers as compared to Mechanical, The Capability of Digital Potentiometers to fit into smaller spaces with multiple potentiometers possible in a single package and The Rising Demand for Digital Potentiometers from Automotive Industry
Restraints:
Its Internal Resistance Is Affected Due To Variation in Temperature
Opportunities:
The Replacement of Mechanical Potentiometers and The Emerging Demand from Developing Countries
Market Leaders and their expansionary development strategies
In November 2023, ON Semiconductor and STMicroelectronics Collaboration to develop next-generation ICs with integrated security features, addressing cybersecurity concerns in connected devices.
In October 2023, Analog Devices' MAX11663 Low-power single-channel IC with integrated ESD protection, ideal for battery-powered applications due to 250nA typical consumption and 1024 steps resolution.
Key Target Audience
Digital Potentiometer Manufacturers, Digital Potentiometer Traders/Distributors, Digital Potentiometer Importer/Exporter, Regulatory & Government Bodies, End Users and Others
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.