The aerospace industry has been witnessing tremendous growth. The commercial aviation sector is experiencing a significant increase in passenger traffic as commercial flights are the fastest way of transport. According to Boeing, passenger traffic is expected to grow by 3.8% during 2022–2041. Furthermore, as per the International Air Transport Association (IATA), global air traffic grew by 67.0% in January 2023 as compared to January 2022; it also increased by 84.2% in January 2023 as compared to January 2019. A rise in air traffic leads to a higher number of flight operations worldwide, which will raise the need for more aircraft. To cater to this rising demand, various aircraft manufacturers are increasing their production annually. For instance, in January 2024, Airbus announced that they delivered 735 commercial aircraft in 2023, which is an 11% increase compared to 2022. Similarly, in 2023, Boeing delivered 528 aircraft, which is an increase of 10% compared to 2022. Thus, the rise in the production of aircraft will boost the demand for analog signal conditioners, as these conditioners are used for various sensitive applications. They are used in navigation systems, flight controls, communication systems, and other systems to increase the strength of the signals as well as provide optimal performance and accuracy. Thus, the growing production of aircraft will raise the need for analog signal conditioners, which is anticipated to create an opportunity for the analog signal conditioners market growth during the forecast period.

Furthermore, governments of various emerging economies recognize the importance of digital transformation and are actively seeking ways to streamline their operations, boost efficiency, and improve service delivery. One of the key aspects of digitization is the conversion of analog data into a digital format, which requires the use of analog signal conditioners. These devices play a major role in capturing analog signals and converting them into digital data that can be easily stored, analyzed, and processed to achieve desired outcomes. The digitization process involves automating work processes to meet customer expectations by streamlining task completion. Governments of various emerging nations are actively promoting the digitization of their operations. For instance, the Government of Singapore introduced a grant program that offers up to 50% funding for eligible projects, with a maximum capital of US$ 1 million, to facilitate the implementation of automation initiatives and drive scalability and project rollouts. Thus, the adoption of digitization in work processes by governments of emerging economies is anticipated to fuel the analog signal conditioners market in the coming years.

US Holds Largest Analog Signal Conditioners Market Share in North America

Analog signal conditioners found applications in consumer electronics, automotive, and medical devices. The automotive sector in the US is growing rapidly with increasing capital growth and rising exports. Increasing automotive sales in the US propel the demand for analog signal conditioners. Major automakers announced several investment plans for electric vehicles (EVs) and autonomous vehicles (AVs). In June 2021, GM announced an investment of US$ 35 billion in the automotive industry by 2025. In addition, Dataforth Corporation, Omega Engineering Inc, Red Lion Controls Inc, Texas Instruments Inc, and other market players in the US are continuously working on developing new products. For instance, in October 2023, Dataforth Corporation introduced the next generation of its Signal Conditioning Modular High Voltage Attenuator System (SCMHVAS). This new SCMHVAS is an analog signal conditioning system that is designed to safely monitor and measure voltage potentials up to 1414 VAC (4,000V peak-to-peak) accurately. Thus, the growing automotive industry and increasing product development by the key players fuel the analog signal conditioners market growth in the US.

Analog Signal Conditioners Market Analysis: Segmental Overview

Based on type, the market is categorized into single channel, dual channel, and multi channel. The single channel segment held the largest analog signal conditioners market share in 2023, whereas the multi channel segment is anticipated to record the highest CAGR during 2023–2031. In terms of application, the market is categorized into consumer electronics, automotive, healthcare, aerospace and defense, and others. The consumer electronics segment held the largest market share in 2023. However, the healthcare segment is anticipated to record a higher CAGR during 2023–2031.  

Analog Signal Conditioners Market: Competitive Landscape and Key Developments

Pepperl+Fuchs SE; Dataforth Corporation; OMEGA Engineering, Inc; Epoch Instruments & Controls Pvt. Ltd.; Phoenix Contact GmbH & Co. KG; Red Lion Controls Inc; Texas Instruments Inc; Weidmuller Interface GmbH & Co KG; Yokogawa Electric Corp; and Analog Devices Inc are among the key players profiled in the analog signal conditioners market report. Several other major players were also studied and analyzed in the analog signal conditioners market report to get a holistic view of the market and its ecosystem. The report provides detailed market insights to help major players strategize their growth. As per the company press releases, below are a few recent key developments:

• In 2023, Phoenix Contact GmbH & Co. KG received a “Milestone in Miniaturization” and “Best of Industry Award” from The Vogel Communications Group for developing highly compact MINI Analog Pro Ex i signal conditioners with SIL 3.
• Dataforth Corporation issued an updated Declaration of Conformity on June 3, 2021, stating that their product family of DSCA Isolated Analog Signal Conditioners (except for modules DSCA33-04x and DSCA33-05x) is in conformance with the latest 2019 EN60079-15 standard, and therefore continues to be ATEX compliant for use in hazardous locations. The DSCA series is designed for data acquisition, test/measurement, and control system applications.