The size of the world market for shunt voltage references is predicted to be US$ 3.6 billion in 2022 and US$ 7.1 billion in 2032. It is predicted to have astounding growth between 2022 and 2032, with a CAGR of 5.4%. Sales of shunt voltage references are projected to increase in the coming years as a result of the expanding development in the consumer electronics, communication technology, and automotive industries.
The two terminals on shunt voltage references are GND and OUT. They have far superior specifications yet operate on a similar principle as a zener diode. They work in parallel with the load, just like a zener diode, and demand an additional resistor. They can be thought of as a current source between the GND and OUT terminals that is voltage-controlled.
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The Shunt Voltage References Market refers to the market for electronic components used to generate a stable and precise reference voltage in electronic systems. Shunt voltage references are used in a wide range of applications such as power management, analog-to-digital converters (ADCs), and sensors.
Shunt voltage references are used to provide a stable voltage reference for the various components in an electronic system. These components require a stable and precise voltage reference to operate correctly and reliably. Shunt voltage references offer several advantages over other types of voltage references, such as low power consumption, low noise, and fast response times.
The market for shunt voltage references is driven by the increasing demand for electronic components with high precision and reliability in various industries such as automotive, aerospace, and healthcare. The adoption of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) is also contributing to the growth of the market.
The shunt voltage references market is segmented based on product type, application, and geography. Product types include precision shunt voltage references and high-temperature shunt voltage references. Application areas include power management, ADCs, sensors, and others.
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Market Competition
Some of the renowned companies present in the global shunt voltage references market include
- Amphenol,
- NXP Semiconductors,
- Rohm Semiconductors,
- Texas Instruments Inc.,
- Fairchild Semiconductor,
- Arrow Electronics, Inc.,
- Infineon Technologies,
- Intersil Corporation,
- Diodes Incorporated,
- Methode Electronics, Inc.,
- Analog Devices, Inc., and
- Maxim Integrated among others.
Leading companies are aiming to join hands with various prominent automotive and consumer electronics manufacturers across the globe. They are doing so to provide their in-house products to these manufacturers and gain a competitive edge. Meanwhile, a few other key players are increasingly focusing on acquisitions and new product developments to expand their portfolios and generate more shares in the global market.
Which are Some Prominent Drivers Spearheading Shunt Voltage References Market Growth
The increasing demand for shunt voltage references to accelerate efficient industrial automation in various end-use industries is a major factor that is set to bolster the global market. Factors, such as ease of use, minimized noise pollution, and low procurement cost are also expected to drive the growth in this market.
The ever-increasing integration of shunt voltage reference modules in various devices owing to their compact nature is another factor that is likely to bode well for the market. The rising usage of these references in battery-operated devices, wind- and solar-powered systems, automotive electronics, and portable electronics to ensure their optimal functionality and improve efficiency is also likely to augur well for the global market.
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Key Segments Profiled in the Shunt Voltage References Industry Survey
By Application:
- Electronics
- Isolated Power Supplies
- Adapters
- Automotive
- Other Applications
By Type:
- 1.25V
- 2.5V
- 4.096V
- 5.0V
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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