Digital Attenuators Market Forecast and CAGR
The Digital Attenuators market is estimated to reach around US$ 11 Bn by 2031 with an expected CAGR of 9%, during the forecast period 2024-2031. Attenuator is an electronic device which is used to reduce the power of a signal without distorting its waveform. Attenuator is a passive device that is made from simple voltage divider network. Attenuator adapters are used for measuring the signal and for lowering the amplitude of a signal.
Digital attenuators consist digital control circuitry that is integrated with RF attenuator core and used for controlling the amplitude of analog signal or RF signal. Digital attenuators are used in transmitters and receivers of communication devices for gaining signal control.
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What is Driving Demand for Digital Attenuators Market
In last couple of years, the telecommunication and automotive industries have introduced a number of technological advancements. The telecommunication industry is moving towards next-generation LTE network worldwide. In addition, the telecommunication industry is expected to witness the first commercial deployment of next-generation 5G networks. These technological advancements are creating new avenues for innovations and R&D for digital attenuators manufacturers.
Furthermore, automotive OEMs are focusing on building autonomous cars and connected cars that can would not only communicate with each other, but also with a city’s smart infrastructure, mobile phones and the entire Internet of Things ecosystem. Connectivity in automotive world is a key competitive differentiator and as the automotive industry is adopting technologies like V2P (vehicle-to-pedestrian), V2I (vehicle-to infrastructure), V2V (vehicle-to-vehicle), and V2D (vehicle-to-device). Also, manufacturers are implementing various features like wireless charging, voice control, blind-spot awareness and back-up cameras.
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Electronic instruments manufacturers, automotive OEMs, IT service providers and telecom service providers are coming together for implementing these next-generation technologies with vehicles. Moreover, the automotive brands are increasingly adopting collaborative ways of working towards innovated connected car technology. Thus, the manufacturers of digital attenuators can target automotive OEMs that manufacture automated driving cars and connected vehicles.
How Defense Sector Is Boosting the Sales of Digital Attenuators
The aerospace and defense sector is playing an important role in driving the digital attenuator market in various economies. RF attenuators are used in the aerospace and defense applications to operate in harsh environment and deliver high-transmission capabilities with high efficiency. Moreover, an increase in the number of communication satellites and telecom base stations in corresponding sectors is fueling digital attenuators sales.
APAC Demand Outlook for Digital Attenuators
The semiconductor market in the APAC region is growing swiftly, due to the huge local demand for electronic products. Lots of OEMs are focusing on domestic manufacturing like that in India, to serve the local demand as well as other global markets. The APAC semiconductor industry is expanding very fast, and the development of new materials and devices is ultimately fueling the growth of the digital attenuators in the region.
Who are the Key Providers of Digital Attenuators?
Some of the leading Digital Attenuators providers include Analog Devices, NXP Semiconductor, Qorvo, Skywork Solution, MACOM, IDT, Vaunix Technology, Honeywell International, Finisar, Peregrine Semiconductor, Renesas Electronics, Ranatec, among others. These vendors have adopted various key strategies, to increase their customer base via direct and in-direct sales channels. They are also spending dollars into product innovation to fulfill the unmet demands of their customers for digital attenuators.
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