The digital potentiometer offers benefits such as temperature extremes, freedom from shock or vibration, and the ability to withstand oil, dust, and moisture over a mechanical potentiometer. The major advantage of the digital potentiometer is that they can be controlled in a closed loop. The digital potentiometers are superior to mechanical potentiometer in terms of programming, digitally controlled, reliability, fast and light weight. The major parameters that drives the growth of the digital potentiometer IC market are the compact size and multiple potentiometer can be integrated on a single IC with up to 6 channels. One of the major factor that restricts the digital potentiometer IC is the current limit. However, due to the availability of the potentiometer with a tolerance of 1%, the growth of the digital potentiometers is anticipated.
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The global digital potentiometer IC market is segmented into type, memory, application, end use, and geography. On the basis of types, the digital potentiometer IC market is segmented into 5 bits, 6 bits, 7 bits, 8 bits and 10 bits. Based on the memory, the global digital potentiometer IC is further segmented into volatile memory and non-volatile memory. Based on the application, the global digital potentiometer IC market is segmented into volume control and panning, automatic gain control, power supply adjustment, LCD contrast control, programmable filters, wheatstone meter bridge, digital to analog converters and others. On the basis of the end use, the digital potentiometer IC market is further segmented into instrumentation, communication, home appliances, automotive products and others.
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Geographically, global feeder cable market can be segmented into North America, Europe, Middle East & Africa, Asia Pacific and South America. Asia Pacific has significant market share in digital potentiometer IC market due to the growing technological growth in the region, the significant presence of the key market players, and due to the emerging economies such as China India and Japan followed by North America.
Worldwide the market for digital potentiometer IC is extremely competing and varied due to the presence of a number of regional and international manufacturers. Some of the key players operating in the global digital potentiometer IC market are Parallax Inc, Microchip Technology Inc, Renesas Electronics Corporation, Texas Instruments, Freescale semiconductor, Maxim Integrated, ON Semiconductor, Analog Device, and Vsi Electronics Pvt Ltd. among others.