IF Digital Attenuator Market Expected to Reach $849.7 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “IF Digital Attenuator Market by Type, Application, Industry Vertical, and Region: Global Opportunity Analysis and Industry Forecast, 2022–2031," The if digital attenuator market was valued at $483.32 million in 2021, and is estimated to reach $849.7 million by 2031, growing at a CAGR of 5.7% from 2022 to 2031.

An IF digital attenuator is an enhanced electronic component designed to adjust the amplitude of an intermediate frequency (IF) signal in radio frequency (RF) and microwave systems. The IF digital attenuators are highly useful in communication systems that require fine control over signal strength. They allow for the creation of systems with highly precise and repeatable attenuation characteristics, which is critical for reliable operation. In addition, the attenuators are able to operate over a wide frequency range, typically from a few kilohertz to several gigahertz, and are available in a range of form factors.  

The growth of global IF digital attenuators is majorly driven by the rapid advancement in technology coupled with growth in the telecommunications industry. Moreover, the rise in demand for wireless communication and IoT devices is expected to drive market growth. However, the high cost associated with the IF Digital attenuators paired with the technical complexity of IF digital attenuators is acting as a prime restraint of the global IF digital attenuator market growth. On the contrary, the rise in the adoption of 5G networks, satellite communication, and autonomous vehicles is anticipated to provide lucrative opportunities for the IF digital attenuator industry during the forecast period. 

According to IF digital attenuator market analysis, the fixed IF digital attenuators segment was the highest contributor to the market in 2021. Telecommunication and aerospace & defense collectively accounted for around 78.3% market share in 2021. The surge in prime players' initiatives to develop and deploy next-generation smart infrastructure, Internet of Things, and industrial automation solutions globally has led to the growth of the IF digital attenuators market growth.

The outbreak of COVID-19 has significantly impacted the growth of automotive and manufacturing solutions. The decline in growth in manufacturing solutions has significantly impacted the demand for IF digital attenuator solutions during the pandemic. Further, the lack of availability of a professional workforce due to the partial and complete lockdown implemented by governments across the globe has restrained the growth of the IF digital attenuator market during the pandemic. One of the significant factors driving the market growth is the increase in demand for wireless communication and satellite communication systems. The need for reliable and high-speed internet connectivity has increased, which has boosted the demand for wireless communication systems with the rise in remote working and online education. 

By type, the Fixed IF digital attenuators segment dominated the IF digital attenuator market share in 2021 and is expected to dominate the market during the forecast period. By application, the communication system segment accounted major share of global IF digital attenuators industry trends, owing to a surge in demand from emerging markets globally. By industry vertical, the market is analyzed across telecommunication, aerospace and defense, consumer electronics, healthcare, and others. The telecommunication segment accounted for a major share of the IF digital attenuator market trends and is expected to follow the same trends during the forecast period. Region-wise, Asia-Pacific holds a significant share of the global IF digital attenuator market, owing to prime players in this region. China dominated the IF digital attenuator market in the Asia-Pacific IF digital attenuator market in 2021. 

KEY FINDINGS OF THE STUDY

• In 2021, the fixed IF digital attenuators segment accounted for maximum revenue and is projected to grow at a notable CAGR of 4.9% during the forecast period.
• The communication system segment was the highest revenue contributor by application segment to the IF digital attenuators market size in 2021.
• Telecommunication and aerospace & defense segments collectively accounted for around 78.3% of IF digital attenuator market share in 2021.
• Asia-Pacific acquired a major share of the IF digital attenuator market with an industry share of 40.9% in 2021.

The key players profiled in the report include Analog Devices, Inc., Qorvo, Inc, NXP Semiconductors, MACOM Technology, Renesas Electronics, Keysight Technologies, Inc., Peregrine Semiconductor, Cobham plc, API Technologies Corp. and Mini-Circuits. Market players have adopted various strategies such as product launch, collaboration, partnership, joint venture, and acquisition to expand their foothold in the IF digital attenuator market size. In 2021, Keysight Technologies, Inc. announced the acquisition of SCALABLE Network Technologies, a leader in communications network simulation and modeling solutions for design, testing, and analysis, as well as cyber assessment and training. SCALABLE was providing accurate, digital models of heterogeneous communications networks including 5G, enterprise, IoT, and satellite networks to ascertain problems, risks, vulnerabilities, and gaps. In addition, In November 2022, Analog Devices HMC540S launched low-loss, highly accurate, fast-settling, IC digital attenuators operating from 0.1-8GHz. The HMC540S family uses off-chip AC ground capacitors for near-DC operation. The design makes HMC540S attenuators well-suited for a wide range of RF and IF applications.