According to IMARC Group’s latest report, titled “Envelope Tracking Chips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How Big is the Envelope Tracking Chips Market?
The global envelope tracking chips market size reached US$ 2,019.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,498.5 Million by 2028, exhibiting a growth rate (CAGR) of 9.19% during 2023-2028.
What is Envelope Tracking Chips?
An envelope tracking (ET) chip enhances energy efficiency and reduces heat dissipation in radio frequency (RF) devices. Compared to conventional power management systems, these chips offer improved battery life, cost-effectiveness, and operational efficiency of signal amplifiers. As a result, they are widely utilized in tactical radios, wearables, tablets, smartphones, and global positioning system (GPS) tracking devices.
What are the growth prospects and trends in the envelope tracking industry?
The market is primarily driven by the significant growth in the electronics industry as ET chips are used in electronic devices for adjusting the power amplifier voltage to ensure optimal performance. In addition, the increasing popularity of wireless communication platforms is contributing to market growth. For instance, ET chips are widely employed in feature phones, and Wi-Fi and wireless network enable surveillance systems (WNESS).
Moreover, the rising demand for 4G services and the integration of connected devices with the Internet of Things (IoT) are other major growth-inducing factors. Moreover, the rising penetration of high-speed internet and the widespread adoption of advanced technologies in light and compact application devices are also anticipated to propel the market growth in the upcoming years.
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Who are the key players operating in the industry?
The report covers the major market players including:
- Analog Devices Inc.
- Broadcom Inc.
- Efficient Power Conversion Corporation
- Keysight Technologies Inc.
- MediaTek Inc.
- Qorvo Inc.
- Qualcomm Incorporated
- R2 Semiconductor Inc.
- Rohde & Schwarz GmbH & Co KG
- Samsung Electronics Co. Ltd.
- Skyworks Solutions Inc.
- Texas Instruments Incorporated.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Cellular Communications
- Wireless Communications
- Satellite Communications
Breakup by Application:
- Smart Phones
- Wearable Devices
- Others
Breakup by End User:
- Consumer Electronics
- Space and Aviation
- Automotive
- Telecommunications
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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