According to the research report titled ‘Global Power Amplifier Market Size study, by Product Audio Power Amplifier, Radio Power Amplifier), by Technology (Gallium Nitride (GaN), Gallium Arsenide (GaAs), Silicon Germanium (SiGe), Complementary Metal-Oxide Semiconductor (CMOS)), by Application (Audio Systems, Smartphones, Tablets and PCs & Laptops, Inverter & UPS, Industrial Systems, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global power amplifier market was remunerated at USD 23 billion in 2019 and is expected to record a y-o-y growth rate of 7.5% during 2020-2027.
 

Surging demand for quality audio, rising penetration of smartphones & consumer electronics, and growing use of LTE technology are the key factors stimulating global power amplifier market growth. As per Statista, smartphone unit shipments totaled around 1.6 billion in 2017 globally, reflecting a 7.17% rise from 2014, when 1.3 billion smartphone units were shipped.
 

For those unversed, a power amplifier is an electronic device usually utilized to increase the magnitude of the input power and provide output load devices, such as headphones, speakers, and RF transmitters, with adequate power.
 

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Power amplifier is used in the amplification chain block, primarily to drive the loads. Owing to its high performance and reliability, the device is also used in microwaves, audio devices, televisions, smartphones, and home theatre systems.
 

The ability to create high power, thereby adding to data transmission rate, and usage in the transmission of cellular and FM broadcasting of signals are further augmenting worldwide power amplifier industry share.
 

Speaking of the restraints, hefty cost of power amplifier and performance issues like current leakage and breakdown are anticipated to hamper industry remuneration over the study period. Moreover, as manufacturing activities are suspended due to the lockdown enforced by the government, owing to outbreak of COVID-19, has adversely affected global power amplifier industry, resulting in a major production slowdown.
 

Considering the geographical ambit, Asia Pacific presently accounts for a major portion of global power amplifier market revenue and is projected to expand further over the coming years, on account of soaring demand for smartphones, along with growing consumer electronics and automotive sector. In addition, rising initiatives for development 5G and LTE technology in economies like India and China is also contributing to the regional market outlook.
 

Established firms in worldwide power amplifier market sphere are Maxim Integrated, STMicroelectronics, IXYS Corporation, ABB Ltd., Fuji Electric Co. Ltd., Toshiba Corporation, Mitsubishi Electric Corporation, Broadcom Inc., Texas Instruments Inc., and Infineon Technologies AG.