Digital Comparators Market: - An Overview
A digital comparator or magnitude comparator is a hardware electronic device that takes two numbers as input in binary form and determines whether one number is greater than, less than or equal to the other number.
Comparators are used in central processing units (CPUs) and microcontrollers (MCUs). The analog equivalent of digital comparator is the voltage comparator.
Many microcontrollers have analog comparators on some of their inputs that can be read or trigger an interrupt. Additionally, the demand for digital comparators is increasing in applications of optical comparator in aerospace, & defense verticals, followed by rise in need for automation in automotive industry.
Impact of COVID-19 Pandemic Outbreak on Digital Comparators Market
The global economy is spiralling into one of the devastating economic consequences.
The semiconductor industry, which has historically been a major source of high-tech jobs, is among the many sectors that have had to adjust their production planning and operations as COVID-19 shifts demand for major semiconductor devices and applications.
Historically, the market for digital comparators has grown by almost 10% globally in the past 5 years. However, the demand for digital comparators estimated to decline by 5%-10% in Q2-Q3 2020, due to the rise in the imbalance in demand and supply for raw materials and production delays due to temporary shutdowns.
Digital Comparators Market: - Market Dynamics
Increase in Demand for Accuracy and Efficient Devices across Various Industry
The demand for accuracy and efficient devices across various industry verticals such as automotive, manufacturing, and others, is increasing for better operational performance.
Optical comparators are good in identifying errors in the manufacturing process, as it helps to correct the action on time before it passes on to the next stage of production and improves the products lifecycle.
It is one of the accurate way for the measurement of products during production.
The foremost advantages of using optical comparators are- light weight, has a smaller number of moving parts, exhibit accuracy, eliminate parallax errors, and provide high magnification, which in turn propel the demand for the digital comparators in the market.
Rise in Need for Automation in Automotive Industry
Industrial automation is pervading most industries these days, and these industries, including automotive, aren’t novice to automation technologies such as Artificial Intelligence (AI) or machine learning.
In addition, there is increase in advanced IC solution to pervading the automotive industry, robots are handling even the most complex manufacturing tasks, and completing them several times faster than human workers.
Thus, there is an increase in the demand for automation technologies, which significantly drives the growth of the global digital comparators market.
High Cost and Lack of Skilled Workforce to Hamper Growth
The demand is increasing for engineers and related technical fields in the IC industry, but companies are struggling to find enough skilled talent. The problem is even worse in hot new markets such as AI and 5G, where competition is fierce for experienced workers.
Compounding the shortages is a shift toward new technologies and automation. For example, machine learning requires new skills, but there is a shortfall of experts here. In addition, automation in the manufacturing sector is increasing, which means companies either have to retrain workers or replace them.
Hence, this factor imposes a great challenge in the in digital comparators market growth.
Digital Comparators Market: - Key Players
Key players in the digital comparators market are focusing on adopt collaboration, partnership, and agreement as their key developmental strategies for offering enhanced product for sustained business growth.
The major players offering digital comparators include
- Alpa Metrology
- Baker Gauges India Private Limited
- Bowers Group,
- Feinmess Suhl GmbH
- Frenco GmbH
- Kurt Manufacturing
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global digital comparators market.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with digital comparators market attractiveness as per segments
The report on digital comparators market also maps the qualitative impact of various factors on digital comparators market segments and geographies.
Digital Comparators Market- Report Highlights:
- A detailed overview of parent market of digital comparators market
- Changing digital comparators market dynamics in the industry
- In-depth segmentation of the digital comparators market
- Historical, current, and projected digital comparators market size by value
- Recent industry trends and developments in digital comparators market
- Competitive landscape of the digital comparators market
- Strategies for key players in digital comparators and solutions and services offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on digital comparators market performance
- Must-have information for digital comparators market players to sustain and enhance their market footprint
Digital Comparators Market Segmentation
- 1-Bit Magnitude Comparator
- 2-Bit Magnitude Comparator
- 4-Bit Magnitude Comparator
- Aerospace & Aeronautics
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.