The GPIO Expanders Market was valued atUS$xx billion in the year 2020, and is projected to reach $xx billion by the year 2026, growing at a CAGR of almost xx% during the forecast period.
The report covers a detailed analysis of the Global GPIO Expanders Market with the classifications of the market on the basis of Components, Deployment Mode, Organization Size, End-User Industry, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
A GPIO expander is a device that enables designers to implement additional inputs and outputs (I/O) on a microprocessor (MPU) or microcontroller (MCU) system. They have an efficient data bus interface to reduce the I/O requirements of the MPU or MCU. This is usually an asynchronous serial interface, such as SPI or I2C. They enable designers to incorporate more I/O in a system than the capacity available on the processor device the designer is using. They also enable the I/O to be physically located in a system separate from the processor, facilitating printed circuit board layout and improving signal integrity.
Increase in Mobile device demand:
General-purpose input/output (GPIO)expanders are extensively used in smartphones, tablets, and other mobile devices. GPIO expanders ranging from 8 bits to 40 bits and with a large number of input/output channels are provided by different manufacturers, which are compatible with microcontrollers that consume less current i.e. current of up to some microamperes.Increasing sales of smart phones and other mobile devices are likely to drive the global market for GPIO expanders during the forecast period. Sales of smart phones have been increasing at a rapid pace in developing countries such as India, Indonesia, Malaysia, and Brazil. Thus, increasing demand for smart phones and other mobile devices is expected to boost the global GPIO expanders market during the forecast period. The quick growth in the electronic devices industry is another factor driving the growth of the GPIO expanders market.
Introduction of Technologically Advanced Products: A Key Trend in GPIO Expanders Market
Major manufacturers are introducing new technologies in GPIO expanders in order to serve applications such as small, wearable mobile devices and cloud servers. In addition, manufacturers are focusing on the development of GPIO expanders with new features in terms of design. Moreover, manufacturers are constantly trying to reduce operating voltages to lower battery drain and lengthen the time between two battery charging. Leading market players are looking for new opportunities for growth and are manufacturing new GPIO extenders with low power consumption. This factor is expected to drive the global GPIO extenders market during the forecast period.
Decline in Demand for Consumer Electronics Products
There is a slowdown in the consumer electronics industry currently, due to a decrease in the sale of products such as personal computers, cameras, TV sets, MP3 players, and e-book readers. The decline in import duties by governments is likely to result in increased domestic production of consumer electronics products in the near future. This would have an adverse effect on exports of consumer electronics products. The impact of this restraint is low at present and is expected to reduce in the near future.
Scope of GPIO Expander market: Inquire before Buying
The market is divided into 2 major segments to forecast the market size by value.
GPIO Expander, By Product
1. Totem Pole GPIO
2. Quasi Bi-directional GPO
3. LED PWM Open-Drain GPIO
GPIO Expanders Market
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Totem Pole GPIO is mostly used and would have dominance in market, during the forecast period for GPIO Expander.
GPIO Expander, By Application
1. Cell Phones
2. Home Appliances
3. Cameras and Video Equipments
4. Portable Game Devices
5. Laptops and PC
GPIO Expanders Market1
Cell Phones would have dominance in GPIO Expander market with the share of XX% in 2019.Sales of smart phones have been increasing at a rapid pace in developing countries such as India, Indonesia, Malaysia, and Brazil and it leads to use of GPIO expander.
Global GPIO Market, By Region
1. North America
3. Asia Pacific
4. Middle East and Africa
5. South America
GPIO Expanders Market2
Asia Pacific and North America would dominate the GPIO Expanders market with share of XX%, XX% respectively during the forecast period as Companies are assertive for business expansions in North America and Asia Pacific, since the two regions have the potential for rapid market growth.
The objective of the report is to present a comprehensive analysis of the GPIO Expanders Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global GPIO Expanders Market dynamics, structure by analyzing the market segments and projects the Global GPIOExpanders Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global GPIO Expanders Market make the report investor’s guide.
Key players operating in GPIO Expanders Market:
• NXP Semiconductors
• Maxim Integrated
• Microchip Technology Inc.
• Maxlinear, Inc.
• Texas Instrument
• Lattice Semiconductor
• Analog Devices, Inc.
• Silicon Laboratories
• On Semiconductor
• Semtech Corp.
• Diodes Incorporated SA
• Cypress Semiconductor Corporation
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