Operational Amplifier Market - Size, Share, Industry Trends, and Forecasts (2023 - 2031)

By Configuration Type :

Based on the configuration type, the market is bifurcated into open loop and closed loop. The open loop segment accounted for the largest revenue share in the year 2022 of the total operational amplifier market share. Open loop configuration systems have no feedback components, and their output does not influence their operation and inputs. The open-loop configuration enables input signals to be applied directly to the input of the transistor. The output signal from the transistor is further amplified and applied to the load. Moreover, open loop configuration offers various benefits including reduced distortion, smaller size, and reduced offset output voltage along with reductions in the effect of supply voltage and temperature variations on the output. Analysis shows that these amplifiers with open loop configurations are primarily used in electronics, automotive, and other industries.

For instance, Texas Instrument Incorporated provides OPA167x operational amplifiers with open loop configuration in its product portfolio. They feature low noise, and low distortion, and are primarily designed for application in the automotive and electronics industries among others. Thus, the rising availability of these amplifiers with open loop configurations for utilization in electronics, automotive, and other industries is a prime factor proliferating the segment trends.

The closed loop segment is anticipated to register the fastest CAGR during the forecast period. Closed-loop configuration systems are capable of connecting the system's inputs to its output through a feedback path. The feedback has either a constructive or degenerative effect on the output levels of the system. The response of these amplifiers is often characterized by a transfer function that represents a system's gain and the relation between inputs and output. Moreover, analysis depicts that the primary benefit of these amplifiers with a closed-loop configuration includes the ability to stabilize and regulate its operation through the feedback loop.

For instance, Analog Devices Inc. offers AD844 operational amplifiers with closed-loop configuration. They offer high bandwidth and faster large signal response with superior performance. Therefore, the increasing development of these amplifiers with closed-loop configurations for utilization in industrial applications is a vital factor expected to drive operational amplifier market trends.

By End-User :

Based on the end-user, the market is segregated into consumer electronics, automotive, aerospace & defense, healthcare, telecommunication, and others. The consumer electronics segment accounted for the largest revenue share of 34.4% in 2022 of the overall operational amplifier market share. Factors including advances in consumer electronics including the Internet of things and artificial intelligence, rising penetration of smartphones, television, and other consumer devices, and growing demand for smart energy-efficient devices are driving the growth of the consumer electronics segment.

For instance, according to the Brazilian Electrical and Electronics Industry Association, the electronics sector in Brazil was valued at USD 42.2 billion in 2022, representing an increase of almost 8% in contrast to USD 39.2 billion in 2021. Therefore, the growing consumer electronics sector is driving to amplify weak electrical current in circuits of consumer devices, in turn proliferating the market trends.

The automotive segment is expected to witness the fastest CAGR during the forecast period. The growth of the automotive segment is attributed to several factors including advancements in autonomous driving systems, increasing production of automobiles, and rising demand for enhanced automobile sensor solutions among others.

Operational amplifiers are used in the automotive industry for applications including automobile electronics involving sensors, infotainment systems, advanced driver assistance systems (ADAS), and others.

For instance, STMicroelectronics offers a range of amplifiers designed for automotive applications in its product portfolio. The automotive-grade amplifiers provide high reliability and quality along with compliance with the Automotive Electronics Council (AEC-Q100 and Q101). Additionally, Renesas Electronics Corporation offers a UPC842AMP operational amplifier that is optimized for a wide range of automobile sensor applications. This amplifier can achieve high-speed response time and high stability. Thus, the rising development for utilization in automotive applications is driving the operational amplifier market trends.

By Region :

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

North America accounted for the largest revenue share of USD 1,896.40 Million in 2022 and is expected to reach USD 2,821.04 Million by 2031, registering a CAGR of 4.7% during the forecast period. Also, the market is projected to garner revenue of USD 1,948.81 million in the year 2023. In addition, in the region, the U.S. accounted for the maximum revenue share of 58.65% in the same year. As per the operational amplifier market analysis, the adoption of these amplifiers in the North American region is mostly driven by its utilization in automotive, aerospace & defense, healthcare, and other sectors. Moreover, the rising automobile production and increasing utilization in automobile sensors, infotainment systems, and ADAS for driver assistance are among the significant factors driving the operational amplifier market demand and trends.

For instance, according to the International Organization of Motor Vehicle Manufacturers, the overall automobile production in the North American region reached 14,798,146 units in 2022, witnessing an increase of 10% in contrast to 13,467,065 units in 2021. Thus, the automotive industry is boosting the deployment of these amplifiers, in turn accelerating the market in the North American region. Additionally, increasing investments in electric vehicles and the healthcare sector are anticipated to promote lucrative growth aspects for the market in North America during the forecast period.

Asia-Pacific is expected to register the fastest CAGR of 4.9% during the forecast period. The growing pace of industrialization and development is creating lucrative growth aspects for the market in the region. Additionally, analysis shows that the factors including the expansion of various industries including consumer electronics, telecommunication, automotive, and others are driving the operational amplifier market demand in the Asia-Pacific region.

For instance, according to the India Brand Equity Foundation, the consumer electronics sector in India was valued at USD 9.84 billion in 2021, and it is estimated to grow at a significant rate to reach USD 21.18 billion by the end of 2025. Therefore, the growing consumer electronics sector is anticipated to drive the utilization of these amplifiers for amplifying weak electrical current in circuits of consumer devices, thereby, proliferating the market growth in the Asia-Pacific region during the forecast period.