Operational Amplifier Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Operational Amplifier Market Size

Operational Amplifier Market size is anticipated to register substantial growth throughout 2024 and 2032, driven by the rise of automation across various industries. The automotive sector, particularly, utilizes op-amps extensively, especially in battery-powered cars and plug-in hybrids, which are witnessing a strong demand in recent years.
 

In fact, as per the IEA, more than 2 million EVs were sold globally in the first quarter of 2022 alone, a 75% rise year-on-year. Demand for EVs have doubled and tripled in nations such as the US and China, over the past couple of years, showing an upward trend, creating more impetus for market growth.
 

Operational Amplifier Market Trends 

One prominent trend is the increasing integration of Op-Amps in various electronic applications, driven by the growing demand for compact and energy-efficient devices. There is a shift towards low-power and high-performance Op-Amps to meet the demands of modern electronic systems. The rise of Internet of Things (IoT) applications has also contributed to the surge in demand for Op-Amps, especially those designed for sensor interfaces. Additionally, manufacturers are focusing on innovations such as rail-to-rail input and output capabilities to enhance the operational range of Op-Amps, catering to diverse application requirements.
 

Operational Amplifier Market Analysis

Based on product, high precision operational amplifiers are expected to record considerable growth through 2032. These types of op-amps are well-suited for high-performance applications such as aerospace and automation as they feature low offset, drift, and ultra-low noise. Driven by the reinvigoration of the global space race and the electrification of the aviation sector, high precision op-amps are likely to see a strong demand.
 

In September 2022, an electric airplane, named Alice made by Eviation, took flight in the U.S. for eight minutes. The plane was powered by two electric motors and 8,000 pounds of batteries. Although the technology is still under development, it is slated to unlock lucrative growth opportunities for market players.
 

With respect to application, the automotive segment is projected to generate notable revenues by 2032, owing to new innovations in the sector and the rising adoption of electric vehicles across the globe. According to CleanTechnica, approximately 13% of all new vehicle sales across the globe are made up of fully electric vehicles, while 18% are plug-in hybrids.
 

Asia Pacific operational amplifier market is set to witness remarkable growth between 2024 to 2032, owing to the presence of major carmakers and semiconductor firms in the region. Chinese EV firms such as BYD and Wuling among the best-selling EVs and PHEVs makers globally, while Taiwan-based TSMC is the global leader of chipmaking, reporting 50% growth year-over-year in November 2022.
 

Operational Amplifier Market Share

The list of global operational amplifier industry players includes names such as:

• Cirrus Logic, Inc.
• Texas Instruments Inc.
• STMicroelectronics
• NXP Semiconductors NV
• ON Semiconductor
• Analog Devices, Inc.
   

Industry leaders are increasingly focusing on product innovations to develop high performing products that can be used in industrial applications.
 

Operational Amplifier Industry News

• In December 2022, STMicroelectronics unveiled three 6MHz rail-to-rail operational amplifiers with robust all-around parameters, including a wide operating voltage range and low noise, for utilization in the industrial and automotive sectors. 
   

The operational amplifier market has been severely affected by the Russia-Ukraine war, due to the ongoing disruptions to the global supply chain. The two countries are major providers of raw materials that are used in the production of semiconductors. Ukraine supplies nearly 70% of world’s neon while Russia supplies 44% of the world’s palladium, both essential components for chip production.

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