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 anticipated to experience astounding growth between 2022 and 2032, with a CAGR of 5.4%. Sales of shunt voltage references are likely 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. These have much better specifications but operate on a similar principle as a zener diode. These work in parallel with the load, just like a zener diode, and demand an external resistor.
Between the GND and OUT, these can be thought of as a voltage-controlled current source.
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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.
The shunt voltage references market refers to the market for components used in electronic circuits to provide a stable voltage reference. Shunt voltage references are used in a variety of electronic devices, including consumer electronics, telecommunications equipment, and industrial automation systems. They provide a stable voltage reference that is used to ensure the accurate operation of electronic circuits and systems.
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The shunt voltage references market is driven by several factors, including the growing demand for high-precision electronic devices, the increasing adoption of automation and control systems, and the need for stable and reliable voltage references. Additionally, the growing demand for energy-efficient electronic devices and the increasing adoption of renewable energy sources are expected to drive the growth of the shunt voltage references market in the coming years.
The shunt voltage references market includes several types of components, such as precision shunt regulators, low-dropout (LDO) voltage regulators, and voltage references. Precision shunt regulators are the largest segment of the market and are used in applications that require high-precision voltage references, such as instrumentation and control systems. LDO voltage regulators are used in applications that require low dropout voltage and high efficiency, such as battery-powered devices. Voltage references are used in a wide range of applications, including voltage regulators, amplifiers, and analog-to-digital converters.
The shunt voltage references market is highly competitive, with several players operating in the market, including Texas Instruments, Analog Devices, Maxim Integrated, and STMicroelectronics. These companies offer a range of shunt voltage reference solutions, including precision shunt regulators, LDO voltage regulators, and voltage references, and compete based on factors such as price, product features, and brand reputation.
Overall, the shunt voltage references market is expected to continue to grow in the coming years, driven by increasing demand for high-precision electronic devices and the adoption of renewable energy sources. The development of advanced shunt voltage reference technologies, such as low-noise and high-accuracy voltage references, is also expected to drive growth in the market by improving the performance and reliability of electronic devices and systems.
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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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