Report Code : A10605
The envelope tracking chip market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to enormous development of electronics products such as laptop, smartphones, and emerging 5G, & IoT technologies in developing economies. Moreover, economically developed nations tend to witness high penetration of envelope tracking chips technology in consumer electronics, telecommunications, and automotive segments, which is projected to significantly contribute toward the growth of the market.
Asavari Patil
Lead Analyst, Semiconductor and Electronics
According to a new report published by Allied Market Research, titled, “Envelope Tracking Chip Market by Technology, Application, and End User: Opportunity Analysis and Industry Forecast, 2020–2027” the global envelope tracking chip market size was valued at $1.57 billion in 2019, and is projected to reach $3.15 billion by 2027, growing at a CAGR of 9.6%. Asia-Pacific region is expected to be the leading contributor to the global envelope tracking chip market during the forecast period, followed by Europe and North America.
An envelope tracking chip is a device that is used to enhance the efficiency of RF power amplifiers. It provides some noteworthy advantages on battery life by minimizing the power used in Radio Frequency amplifiers. Generally, it finds applications in several fields where Radio Frequency power amplifier efficiency is a problem. It is widely used in AM broadcast transmitters to fields such as cellular communications network and in electronic devices. In this technique power dissipation is reduced by supply the required voltage to the RF power amplifier.
The global envelope tracking chip market is anticipated to witness significant growth over the forecast period. Factors such as better signal coverage, reduced heat dissipation, and increased battery life drive the growth of market. However, requirement of high bandwidth and complex architecture for designing ET module is a major restraint to global envelope tracking chip industry. In addition, increase in adoption of advance technologies in the field of telecom sector is expected to create opportunities for envelope tracking chip industry.
Moreover, developing nations tend to witness high penetration of envelope tracking chips products specially in consumer electronics segments. Factors such as surge in usage of tablets, smartphone, laptops, 4G, 5G, and IoT, across the globe boost the demand for the market.
The global envelope tracking chip market is segmented into technology, application, end user, and region. By technology, the market is segmented into cellular communications, wireless communications, and satellite communications. Based on application, the market is classified into smart phones, wearable devices, and others. Depending on end user, the market is segregated into consumer electronics, space and aviation, automotive, telecommunications, and others.
Region wise, the envelope tracking chip market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed maximum revenue in 2019. However, between 2019 and 2027, the envelope tracking chip market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from the emerging economical countries such as India, China, Japan and south Korea.
Covid-19 Impact Analysis
The arrival of COVID-19 has significantly affected the electronic and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are estimated to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufactures to reach customers. The overall production process is adversely affected, but owing to increase in digitalization, boost the overall envelope tracking chip market growth globally.
Key Findings Of The Study
The companies such as Analog Devices, Inc., Efficient Power Conversion Corporation, Maxim Integrated, MediaTek, Qorvo, Qualcomm, Inc., R2 Semiconductor, Inc., Samsung, Skyworks Solutions, Inc., and Texas Instruments are considered as key players in envelope tracking chip market analysis. These players have adopted various strategies such as product launch, acquisition, and collaboration to expand their foothold in the industry.
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Envelope Tracking Chip Market By Technology (Cellular Communications, Wireless Communications, and Satellite Communications), Application (Smart Phones, Wearable Devices, and Others), and End User (Consumer Electronics, Space and Aviation, Automotive, Telecommunications, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
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