The signal transformer is expected to grow at a significant rate over the forecast timeframe from 2020 to 2027.
Signal transformers are used in electronic devices as a step-up/step-down, isolating, or impedance matching component. Signal transformers are used in typical electronics applications like telecommunications, radio frequency (RF), audio, video, and general-purpose uses. Signal transformers can also be used in traditional power transformer applications like signal isolation and stepping signals up or down. Moreover, the signal transformers can be classified on the basis of signal they carry like audio, baluns, digital, electronics, RF, and Telecom / LAN transformers.
The rapidly growing demand for electronic devices across the globe is supporting market growth. The increasing use of these transformers in voice and data transmissions with receivers, amplifiers, speakers, and audio cables is accelerating the growth. The use of electronic signal transformers to test electronic devices across the electronic sector is driving growth. The changing customer lifestyle and increasing focus towards the entertainment industry where the use of an audio/video device is very common is the factor bolstering the demand for audio signal transformers in the market. The property like audio transformers improve sound quality by removing interference from audio signals is further supporting the growth. In addition, the increasing investment for the advancement in the military and aerospace sector is further projected to boost the growth of the signal transformer market. Furthermore, the ongoing technological advancement along with the increasing investments in research and development activities by the major players is anticipated to create potential opportunities throughout the forecast timeframe from 2020 to 2027.
The signal transformer market is segmented on the basis of type, signal type, end-use, and geography. Based on type, market segments include single-phase transformer and three-phase transformer. By signal type, the market is divided into the audio transformer, digital transformer, electronic transformer, RF transformer, and others. By end-use, the market is bifurcated into military use, aerospace use, industry use, civil use, and others. By geography, the market is divided across North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Additionally, the aforementioned regions are further segregated into the major countries of the respective regions.
Asia Pacific is estimated to experience fastest growth over the forecast period
Asia Pacific is anticipated to exhibit the fastest growth throughout the forecast timeframe from 2020 to 2027. The region is projected to experience a maximum CAGR (%) in the forecast period. The emerging economies of the region are likely to contribute to the regional market growth. The increasing investment planning by the major players in the region owing to the increasing demand for electronic products is further supporting the regional market value. The rapid industrialization, changing customer preferences, increasing disposable income, rapid urbanization are some of the other supporting factors driving market growth.
Key Market Players
The players profiled in the report include TOKO, Bel, Eaton Bussmann, Murata, Pulse Electronics Corporation, Shenyang Railway, API Technologies, Digi-Key Electronics, RCD Components Inc., Allied Electronics Inc., Coilcraft CPS, MilesTek Corporation, Premier Magnetics Inc., and Vishay Dale. The major market players were involved in mergers and acquisitions, partnerships & collaborations, and new product development for the expansion of market share. For instance, a Bel Group company, Signal Transformer has launched EcoTrans Standard Series Transformers in 2018 for stepping up or stepping down voltage, while maintaining isolation of the mains and output circuits. With the new launch, Signal Transformer has redesigned the small, linear transformer to make it compatible with 21st-century functionality. Signal Transformer has also announced the latest product innovation for power over Ethernet (PoE) applications, the SPoE surface mount transformer series in August 2020. Moreover, the company is a global manufacturer of custom and standard transformers, high-frequency chokes and inductors, chassis and PCB mount, SMD inductors, and wireless charging coils.
Market By Type
Market By Signal Type
Market By End Use
Market By Geography
Middle East & Africa