Description

According to the Market Statsville Group (MSG), the global digital potentiometer IC market size is expected to grow from USD 322 million in 2021 to USD 462.2 million by 2030, at a CAGR of 4.1% from 2022 to 2030. The benefit of a digital potentiometer is that it can be operated in a closed loop and is not affected by dust, moisture, or dirt particles, which can damage the mechanical portion of it enters the system. The increasing number of technical advances in many sectors worldwide and the general digital revolution are propelling the global digital potentiometer IC market growth. One of the main drivers for big companies to spend heavily on digital innovation and change their traditional business models to automated ones is to grab value-generating possibilities, stay ahead of their competitors, and improve the continuity and reliability of their services.

Global Digital Potentiometer IC Market Definition

A digital potentiometer is a variable resistor that trims and scales analog signals using digital signals and switches rather than mechanical action. The conservative passive potentiometer is restored using a digital potentiometer, which is an electrical device. The IC parameters are taken into account when designing a digital potentiometer. The digital potentiometer is encased to protect it from the elements.

COVID-19 Impact on the Global Digital Potentiometer IC Market

During the COVID-19 outbreak, the industrial operations of several sectors were either temporarily halted or operated with a reduced staff due to government-imposed lockdowns and limitations. This, in turn, has impacted the global economy in several areas. This was no exception in the global digital potentiometer IC market, where a halt in operations significantly negatively influenced revenue growth. Furthermore, these devices require high installation and maintenance costs; however, the travel restrictions have further constrained its deployment. This, in turn, significantly hampered the revenue growth of the global digital potentiometer IC market throughout the forecast period.

Scope of the Global Digital Potentiometer IC Market

The study categorizes the digital potentiometer IC market based on type, application, and memory at the regional and global levels.

By Type (Revenue, USD Million, 2017-2030)

• 5 bits
• 6 bits
• 7 bits
• 8 bits
• 10 bits

By Application (Revenue, USD Million, 2017-2030)

• Instrumentation
• Communication
• Home Appliances
• Automotive Products
• Others

By Memory (Revenue, USD Million, 2017-2030)

• Volatile
• Non-Volatile

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Instrumentation segment is projected to account for the largest market share, by application

Based on application, the global digital potentiometer IC market is divided into instrumentation, communication, home appliances, automotive products, and others. In 2021, the instrumentation segment accounted for the largest market share in the global digital potentiometer IC market. Rising incidences of diabetes and new product launches are further expected to drive the instrumentation segment growth in the digital potentiometer IC market.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global digital potentiometer IC market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to project the highest CAGR in the global digital potentiometer IC market during the forecast period. The countries expected to witness considerable growth in the region include China, India, Japan, and Southeast Asia. The regional growth is fueled by the rising adoption of cellphones, computers, and vehicle automation. As smartphone usage rates rise, the region has become one of the world's largest mobile markets. The need for LCDs is likely to rise in response to the increased demand for such devices, influencing the digital potentiometer IC industry in the region.

Global Digital Potentiometer IC Market Players

The global digital potentiometer IC market is highly competitive, with key industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global digital potentiometer IC market are:

• Analog Device
• Texas Instruments
• Microchip
• AMS
• ON Semiconductor
• Maxim
• Intersil
• Vishay
• Parallax
• Renesas Electronics Corporation

Key Issues Addressed

• What is the market size by various segmentation of the digital potentiometer IC by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the digital potentiometer IC market?
• What are the key opportunities and trends for manufacturers involved in the digital potentiometer IC supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of digital potentiometer IC in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.