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Global Level Shifters Market it is expected to reach more than US$ XX Mn by 2027
Level shifters are gaining prominence to be used in various applications like cellphones, wearable devices, and electronic appliances. This is often because level shifters enable the graceful and efficient operations of varied sub-systems performing at different voltage domains (for example, 3.4 V - 5 V). Key players operating within the global level shifters market are engaged find solutions to deal with the complexities related to level shifters and associated devices.
The global level shifters market is fairly fragmented, due to the presence of several established providers within the market. Moreover, the growing importance of level shifters in specific applications has encouraged major players to develop cost-effective solutions and create their position as key suppliers of level shifters within the market.
“The Level Shifter market was valued at US$ XX Mn in 2018 and it is expected to reach more than US$ XX Mn by 2027, Likely to Grow with a CAGR of 3.12% during the forecast period”
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Increasing demand for cell phones is predicted to market the expansion of the worldwide level shifters market within the next few years. Level shifters are increasingly getting used in cell phones, tablets, and other mobile devices. Different manufacturers are offering level shifters starting from 8 bits to 40 bits, and with an outsized number of input-output channels.
Asia Pacific is anticipated to be a lucrative marketplace for level shifters throughout the forecast period, due to the growing popularity of level shifters and rising demand for smartphones and consumer appliances, wherein, level shifters are extensively used. Lucrativeness of the market in Asia Pacific is anticipated to extend within the next few years, due to the rising use of wearable devices within the region. Furthermore, key players are engaged within the development of level shifters that are capable of generating custom timing and logic so as to eliminate external components while bridging voltage domains and signal requirements.
For instance, in March 2018, Microchip Technology Incorporated signed an agreement to accumulate Microchip, a prominent semiconductor company, for an equity value of US$ 8.35 Bn, and an enterprise value of US$ 10.15 Bn. Many companies also are getting into this segment thanks to the rise in demand for the Level Shifter, a number of the main companies into Level Shifter are Key manufacturers like Texas Instruments, Analog Devices, Inc., NXP Semiconductors, Diodes Incorporated, Toshiba Corporation, Microchip Technology Inc., and Lattice Semiconductors., among others.
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