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The data converter market size is estimated to grow at a CAGR of 5.8% between 2022 and 2027. The market size is forecast to increase by USD 1,661.41 million. The growth of the market depends on several factors, including the rising initiatives for digital transformation worldwide, the growing demand for consumer electronics, and the emergence of industrial automation and Industry 4.0. Data converters, also known as ADCs and DACs, are key electronic components used in digital electronics to convert analog and digital signals. They play a crucial role in enabling communication between the digital and analog worlds, allowing digital systems to process and interact with real-world analog signals
This data converter market report extensively covers market segmentation by type (analog to digital converter and digital to analog converter), usage (high-speed data converters and general-purpose data converters), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Rising initiatives for digital transformation worldwide is the key factor driving the growth of the market. Digital transformation initiatives need to collect and process large amounts of data from a variety of sources, including sensors, IoT devices, and industrial equipment. Data converters play a vital role in capturing and digitizing all this data accurately and efficiently. Data converters enable the transfer of information between devices, networks, and cloud-based platforms, facilitating real-time data exchange.
Additionally, digital transformation involves the implementation of security and surveillance systems. Data converters are used in video cameras and sensors to convert analog video and audio signals to digital formats for analysis and storage. Therefore, increasing efforts towards digital transformation globally will drive market growth during the forecast period.
Rising integration with digital signal processing (DSP) is the primary trend shaping the growth of the market. Integrated DSP allows the data converter to perform real-time signal processing, such as filtering, modulation, and error correction, directly within the converter itself. Integrated DSP can optimize power consumption by selectively processing signals of interest as well as adjusting clock speeds and voltage levels based on workload, helping the data converter save more energy.
Additionally, in IoT devices and edge computing applications, DSP-enabled data converters can pre-process data locally before transmission, thereby reducing latency and bandwidth usage, and improving data privacy. Therefore, increasing DSP integration in data converters will drive the growth of the market during the forecast period.
The presence of noise and interference is a challenge that affects the growth of the market. Noise and interference can cause errors and inaccuracies in the converted digital data. Maintaining signal integrity throughout the conversion process is essential, particularly in high-precision applications. Quantization noise occurs because of the discrete nature of number representation. Additionally, temperature changes can affect data converter performance, leading to thermal noise and drift. Heat management and compensation techniques are necessary.
Additionally, data converters may need calibration and compensation techniques to correct errors that cause noise over time and changes in operating conditions. Customizing data conversion solutions to specific noise and interference requirements can be resource-intensive and limit scalability. Therefore, the presence of noise and interference issues in data converters will impede the growth of the market during the forecast period.
The market share growth by the analog-to-digital converter segment will be significant during the forecast period. An analog-to-digital converter (ADC) is an important electronic component or system used to convert analog signals to digital signals. Analog signals are continuous and can take on any value within a certain range. ADCs play an essential role in modern communications systems, such as modems and wireless transceivers, where they convert analog voice or data signals into digital forms for transmission.
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The analog-to-digital converter segment showed a gradual increase in the market share of USD 2,608.35 million in 2017. ADCs are used in different industrial measurement devices and control systems to digitize sensor readings and monitor processes. Additionally, modern cars use ADCs in a variety of applications, including engine control, airbag sensors, and multimedia systems. Therefore, the growing demand for ADCs will contribute to the growth of the ADC segment, which will drive the growth of the market during the forecast period.
High-speed data converters are essential components in numerous electronic systems, including communications systems, imaging equipment, and test equipment. The development of advanced solid-state processors allows more features to be integrated into a single silicon chip, leading to higher performance and data conversion speeds. Additionally, manufacturers are working to enhance the durability and longevity of these components. Therefore, factors such as advancements in semiconductor technology and increased demand for high-resolution video will support the growth of the high-speed data conversion segment, which will drive the growth of the market throughout the forecast period.
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APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is home to several emerging economies, including China, India, and Southeast Asian countries. These economies have been experiencing a high economic growth rate, which has led to increased investments in infrastructure, telecommunications, and consumer electronics. These industries often make use of data converters, contributing to market growth. Many countries in APAC have large and increasingly affluent populations, which drives the demand for consumer electronics, such as smartphones, tablets, TVs, and gaming consoles. Data converters are critical components in all these devices, especially for audio, video, and communication applications.
Moreover, Data converters are essential for various smart city applications, such as traffic management, environmental monitoring, and public safety systems. Thus, factors such as growing demand for consumer electronics, rapid urbanization, and industrial automation will boost the growth of the market in focus during the forecast period.
The Data Converter Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Data Converter Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The data converter market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Data Converter Market Scope |
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Report Coverage |
Details |
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Page number |
161 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
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Market growth 2023-2027 |
USD 1,661.41 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.35 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 34% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ams OSRAM AG, Analog Devices Inc., Asahi Kasei Corp., Berkshire Hathaway Inc., Faraday Technology Corp., Infineon Technologies AG, IQ Analog, MediaTek Inc., Microchip Technology Inc., Monolithic Power Systems Inc., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Omni Design Technologies Inc., ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., STMicroelectronics International N.V., Synopsys Inc., Texas Instruments Inc., and TransDigm Group Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Usage
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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