Global Digital Potentiometer Market by Type (Non-Volatile, Volatile), By Application (Home Appliances, Communication Product, Automotive, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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.
Non- Volatile Digital Potentiometer:
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.
Volatile Digital Potentiometer:
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.
Growth Factors for Digital Potentiometers Market:
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 Scope
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 |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
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.
Global Digital Potentiometer Market Report Segments:
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:
- Ti
- MaximIntegrated
- Microchip
- DFRobot
- ADI
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:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Digital Potentiometer Market
Overview of the regional outlook of the Digital Potentiometer Market:
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.
Highlights of The Digital Potentiometer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Digital Potentiometer Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Non-Volatile
2. Volatile
7. By Application:1. Home Appliances
2. Communication Product
3. Automotive
4. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Digital Potentiometer Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Potentiometer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Potentiometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Potentiometer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Potentiometer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Potentiometer Market Size & Forecast, 2018-2028
4.5.1 Digital Potentiometer Market Size and Y-o-Y Growth
4.5.2 Digital Potentiometer Market Absolute $ Opportunity
Chapter 5 Global Digital Potentiometer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Potentiometer Market Size Forecast by Type
5.2.1 Non-Volatile
5.2.2 Volatile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Potentiometer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Potentiometer Market Size Forecast by Applications
6.2.1 Home Appliances
6.2.2 Communication Product
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Potentiometer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Potentiometer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Potentiometer Analysis and Forecast
9.1 Introduction
9.2 North America Digital Potentiometer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Potentiometer Market Size Forecast by Type
9.6.1 Non-Volatile
9.6.2 Volatile
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Potentiometer Market Size Forecast by Applications
9.10.1 Home Appliances
9.10.2 Communication Product
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Potentiometer Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Potentiometer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Potentiometer Market Size Forecast by Type
10.6.1 Non-Volatile
10.6.2 Volatile
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Potentiometer Market Size Forecast by Applications
10.10.1 Home Appliances
10.10.2 Communication Product
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Potentiometer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Potentiometer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Potentiometer Market Size Forecast by Type
11.6.1 Non-Volatile
11.6.2 Volatile
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Potentiometer Market Size Forecast by Applications
11.10.1 Home Appliances
11.10.2 Communication Product
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Potentiometer Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Potentiometer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Potentiometer Market Size Forecast by Type
12.6.1 Non-Volatile
12.6.2 Volatile
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Potentiometer Market Size Forecast by Applications
12.10.1 Home Appliances
12.10.2 Communication Product
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Potentiometer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Potentiometer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Potentiometer Market Size Forecast by Type
13.6.1 Non-Volatile
13.6.2 Volatile
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Potentiometer Market Size Forecast by Applications
13.10.1 Home Appliances
13.10.2 Communication Product
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Potentiometer Market: Competitive Dashboard
14.2 Global Digital Potentiometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ti
14.3.2 MaximIntegrated
14.3.3 Microchip
14.3.4 DFRobot
14.3.5 ADI