The Global Digital Potentiometer Market size is projected to grow at a CAGR of 6.3% during the forecast period from 2021 to 2028. The key factors that are driving the growth of the digital potentiometers market include increasing demand for non-volatile in automotive applications and growing adoption of low power consumption technologies such as I2C, SPI, and 1-Wire among others.
Digital Potentiometer is an electronic device that controls the flow of electric current by adjusting a voltage. It may be used, for example, to control the brightness or contrast on an LCD screen. In Digital Potentiometers quantized values are stored in memory registers; this technology uses lack of stability or precision over long periods which can affect accuracy at high frequencies.
Digital Potentiometers are used in digital circuits, such as LCDs. In a typical application of an Analog-to-digital converter with a Digital Potentiometer, the voltage at the input is converted to a number that represents the position on an analog scale by counting pulses from zero up to and including Vref/Vmax (or vice versa) both of which correspond to either 0 or 255 for each level respectively. The DIP package is usually fixed resistor values so it has no moving parts like switches - this reduces cost and power consumption but limits functionality significantly compared with other technologies where 1000's more variable resistors can be controlled simultaneously by software via switching transistors.
On the basis of Type, the market is segmented into Non-Volatile and Volatile.
Nonvolatile digital potentiometers are high-precision analog resistors that switch between two fixed values. They can be measured in a range of scales, from microohms to megaohms or gigaohm units.
The volatile digital potentiometer is used for applications where the output needs to maintain accuracy over long periods of use and need frequent recalibration. Volatile digital potentiometers have an error that increases with time as it relies on ICs to store its settings. This makes them unsuitable for applications where the output needs to maintain accuracy over long periods of use and they need frequent recalibration.
On basis of Application, the market is segmented into Home Appliances, Communication Products, Automotive, and Others. The use of digital potentiometers in the Communication Products segment was driven by increasing demand from applications such as smartphones and tablets which fueled growth among regional economies including China, Japan, South Korea.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America accounted for the largest share (over 27% in 2017) and is likely to continue this trend through 2028. The US emerged as the leading consumer with nearly 40% contribution followed by Canada and Mexico together contributing close to 12%.
The regional level analysis reveals Asia Pacific’s dominance due to low-cost production bases coupled with rapid economic expansion fueling demand among applications such as communication products, industrial products, automobiles, and others sectors. China was a major contributor to this growth due to its significant investments in infrastructure development such as Shanghai Free Trade Zone which increased demand among manufacturers for these components across various applications including communications & home appliances segments. Japan has been another major beneficiary from expansionary economic policies that have created a conducive environment for the growth of electronics & automotive segments that are major end-users of digital potentiometers.
Increasing demand from end-users such as manufacturers of home appliances, communication products, and automobiles owing to the growing penetration of electronics in these sectors. Consumers are demanding higher levels of functionality with respect to their electronic equipment which is fueling demand among suppliers that offer more advanced components such as digital potentiometers across various applications including communications & home appliances segments. This has contributed towards an increasing share of disposable income being allocated towards purchases of consumer durables, a factor that augurs well for industry participants who produce these devices.
Technological advancements coupled with rising investments by regional governments have been significant drivers across developing economies like China, Japan, and India. Governments play a key role in the deployment of digital potentiometers in public infrastructures such as roads, railways, and power plants to provide better service while fostering growth prospects.
On the other hand, developed economies like North America have comparatively lower adoption rates due to lesser exposure of these devices among consumers. However, this is expected to change with time given that advancements in technology are making products increasingly affordable for a wider pool of people than before. Improved access can also be attributed to increased investment by governments across countries including Canada who are betting on digitization as a key engine for economic development.
Up Market Research published a new report titled “Digital Potentiometer Market research report which is segmented by Types (Non-Volatile, Volatile), By Applications (Home Appliances, Communication Product, Automotive, Others), By Players/Companies Ti, MaximIntegrated, Microchip, DFRobot, ADI”.
|Report Attributes||Report Details|
|Report Title||Digital Potentiometer Market Research Report|
|By Type||Non-Volatile, Volatile|
|By Application||Home Appliances, Communication Product, Automotive, Others|
|By Companies||Ti, MaximIntegrated, Microchip, DFRobot, ADI|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||219|
|Number of Tables & Figures||154|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Non-Volatile, Volatile and By Application Home Appliances, Communication Product, Automotive, Others.
Some of the companies that are profiled in this report are:
Digital Potentiometer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Digital Potentiometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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