The global [FURL=https://www.industryarc.com/Report/18036/envelope-tracking-chips-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Envelope Tracking Chips Market[/FURL] is estimated to surpass $640 million mark by 2026 growing at an estimated CAGR of more than 10.5% during the forecast period 2021 to 2026. Envelope tracking is a power management technology for RF based device that assists in improving energy efficiency, enhancing battery life and minimizing power consumption. Globally demand for envelope tracking chips is being driven by growing demand for high end smartphones and tablet PCs and rising growth rate in the wireless platform market. In addition, hefty investments in power management technologies will create greater opportunities for the envelope tracking chips market. However, high band width requirement and complex architecture for designing ET module are key challenges faced by market.Key Takeaways
Smartphones and tablets have become ubiquitous devices during the past decade since their inception in the market. Almost every utility of the other electronic consumer devices have been merged into smartphones through synergistic integration of semiconductor devices and applications.
Rapid changing trends in the market are influencing various industries across the world to deploy IoT and smart devices. IoT & connected devices are put to use in home automation, logistics, manufacturing, oil & gas and other industry verticals.
Increase in adoption of new technologies such as cloud technologies has been significantly boosting the demand for envelope tracking chips as this has been found to be a solution to improve battery life of smart devices used in the above mentioned applications.
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Envelope Tracking Chips Market Segment Analysis - By Geography
Asia-Pacific is dominating the ET chips market due to high Internet penetration and rising demand for the consumer electronics products in this region.
Envelope Tracking Chips Market Drivers
Rising Demand from Automotive Sector
Due to emerging technologies, such as vehicle automation, the market is projected to expand at a significant pace during the forecast period. For an optimal operation, automobiles need dedicated semiconductor components to provide reliable details to the built-in artificial intelligence.
Adoption of Wearable Technology
The Envelope Tracking features embedded in the low power integrated circuits result in reduced costs, improved efficiency and increased amounts of front-end integration and consolidation.
Envelope Tracking Chips Market top 10 companies are Qualcomm, Samsung, RFMD, Texas Instruments, Efficient Power Conversion, Maxim Integrated, Analog Devices (Broadcom) and Qorvo.
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