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 valued at USD 23 billion in the year 2019 and is expected to grow with a CAGR of 7.5% between 2020 and 2027.
 

For the record, a power amplifier is an electronic device which is majorly utilized to elevate the magnitude of power input as well as to provide adequate power to the output load devices namely, speakers, headphones, and RF transmitters. The product is widely adopted as a component of amplification chain to drive the loads.
 

Rising adoption of power amplifiers in transmission of FM broadcasting and cellular signals since they help in increasing data transmission rates is a major factor driving the market growth. Power amplifiers are highly durable and efficient, hence are extensively employed in home theatre systems, microwaves, televisions, smartphones, and other audio systems.
 

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Increasing penetration of smartphone & consumer electronics along with shifting preference towards LTE technology are further aiding the market expansion. According to Statista, worldwide smartphone shipments were recorded at 1.3 billion units in the year 2014, which increased by 7.17% and reached 1.6 billion units in the year 2017. Likewise, International Data Corp. stated that smartphone vendors distributed around 369.8 million units across the globe in the fourth quarter of 2019.
 

Inclination for high quality audio is also fostering the demand for power amplifiers. However, the unexpected outbreak of COVID-19 has resulted in temporary shutdown of manufacturing operations in order to reduce the spread of the disease, which is negatively impacting the overall market outlook. Additionally, high costs associated with power amplifiers and rising concerns regarding performance issues including breakdown and current leakage may also act as restrain the expansion of the market.
 

Regionally, Asia-Pacific power amplifier industry is expected to register appreciable growth during the forecast duration. Rapid expansion of automotive and consumer electronics sectors along with proliferating smartphone sales are complementing the business outlook in Asia-Pacific. Surging investments in LTE and 5G technology is also augmenting the regional demand for power amplifiers.
 

The prominent companies operating in global power amplifier market are Maxim Integrated, STMicroelectronics, IXYS Corporation, ABB Ltd., Fuji Electric Co. Ltd., Toshiba Corporation, Mitsubishi Electric Corporation, Broadcom Limited, Texas Instruments Inc., and Infineon Technologies AG among others.