According to the research report titled ‘Global Precision Operational Amplifiers Market Size study, by Type (1 Channel, 2 Channel Type, 4 Channel Type) by Application (Automatic Control System, test and Measurement Instruments, Medical Instruments, Vehicle electronics, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global precision operational amplifiers market is expected to register unprecedented growth during 2020-2027.
 

Rapid expansion of electronics sector along with rising R&D activities are major factors driving the growth of global precision operational amplifiers market. In fact, according to Statista, the consumer electronics sector in China generated revenues worth USD 128 billion in the year 2019 and is expected to reach USD 181 billion by 2023. Similarly, the semiconductors sector in Germany reached a valuation of USD 14.53 million in 2018, from USD 12.63 million in the year 2016.
 

For those unfamiliar, an operational amplifier is a voltage amplifying device which is used with an external feedback component including a capacitors and resistors. Rising adoption of measurement and testing equipment for better precision and accuracy is facilitating the business scenario.
 

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Precision amplifiers offer better specifications such as input bias current, lower internal noise, zero-drift over time, and precise offset, thereby stimulating the industry outlook. Booming automotive sector is also augmenting the demand for precision operational amplifiers. In addition to this, rapid digitalization of semiconductor vertical is aiding the market expansion.
 

As per type, the market is segmented into 4 channel type, 2 channel type, and 1 channel type. The application scope of global precision operational amplifiers market comprises of vehicle electronics, medical instruments, test & measurement instruments, automatic control systems, and others.
 

From the regional point of view, North America currently accounts for a significant market share and is estimated to showcase consistent growth in the ensuing years. Rising penetration of electronic devices and escalating investments towards development of advanced technologies are favoring the market outlook in North America.
 

Alternatively, Asia-Pacific precision operational amplifiers industry is predicted to witness substantial growth during the study period. India and China, being the major manufacturing hubs for electronics, will create lucrative growth opportunities for industry participants in the region.
 

New Japan Radio Co. Ltd., On Semiconductor, Intersil Corporation, Microchip Technology Inc., STMicroelectronics N.V., Maxim Integrated, Analog Devices Inc., and Texas Instruments Inc. are the major companies operating in worldwide precision operational amplifiers market.