Another characteristic of any linear regulator is that it requires a finite amount of time to "correct" the output voltage after a change in load current demand. This "time lag" defines the characteristic called transient response, which is a measure of how fast the regulator returns to steady-state conditions after a load change.
The lower dropout voltage is the reason LDO regulators dominate battery-powered applications, since they maximize the utilization of the available input voltage and can operate with higher efficiency. The explosive growth of battery-powered consumer products in recent years has driven development in the LDO regulator product line.
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