MarketsandMarkets’ “Power Amplifier Market by Product, Class, Technology, Vertical, and Region - Global Forecast to 2023” report sees the power amplifier market growing from $21.4 billion in 2018 to $30.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. Major factors driving the market include the increasing use of the LTE technology and the need for high-quality audio.
- The RF power amplifier segment is expected to grow at the highest CAGR in the global power amplifier market during the forecast period.
- Consumer electronics vertical is expected to continue hold the largest share in the global power amplifier market during the forecast period.
- Asia Pacific is expected to hold the largest share of the power amplifier market during the forecast period
- Key players in the power amplifier ecosystem include Infineon Technologies (Germany), Texas Instruments (US), Broadcom (US), Toshiba (Japan), STMicroelectronics (Switzerland), Maxim Integrated (US), Yamaha (Japan), Qorvo (US), NXP Semiconductors (Netherlands), Analog Devices (US), Skyworks Solutions (US), QSC Audio Products (US), Peavey Electronics (US), Qualcomm (US), MACOM (US), BONN Elektronik (Germany), Renesas Electronics (Japan), ETL Systems (UK), Aemulus (Malaysia), and OPHIR RF (US).