Data Converter Market by Type (Analog-To-Digital Converters, Digital-To-Analog Converters), Sampling Rate (General-Purpose Data Converters, High-Speed Data Converters), Resolution, Industry - Global Forecast 2024-2030

Data Converter Market by Type (Analog-To-Digital Converters, Digital-To-Analog Converters), Sampling Rate (General-Purpose Data Converters, High-Speed Data Converters), Resolution, Industry - Global Forecast 2024-2030

The Data Converter Market size was estimated at USD 6.48 billion in 2023 and expected to reach USD 6.95 billion in 2024, at a CAGR 7.67% to reach USD 10.88 billion by 2030.

Data converters are electronic devices and circuits that convert data from one form to another and are utilized across various applications ranging from consumer electronics to industrial equipment. Data converters come as single and multi-channel units. Single-channel data converters handle one data stream, translating it from digital to analog or vice versa. Multi-channel data converters process multiple streams simultaneously, which is particularly beneficial in systems where various sensors or signals must be processed in parallel. Data converters are available as integrated circuits (ICs), which contain the necessary components to perform the conversion encapsulated within a single chip. Standalone data converters are discrete components or modules that perform data conversion outside of an integrated circuit. Embedded IP (Intellectual Property) data converters refer to data conversion functionalities designed and licensed as a core to be implemented within a larger system-on-chip (SoC) or a field-programmable gate array (FPGA). The rising growth of wireless communication networks, increasing usage of high-resolution images, and proliferating development of digital technology have expanded the market scope in recent years. However, associated risk factors of the data conversion process and the limited availability of skilled and experienced workforce may hamper the market development. Nevertheless, the surging establishment of 5G infrastructure and the introduction of low-power consumption data converters create enormous prospects for market development in the coming years.

Regional Insights

The American data converter market is well developed owing to the significant growth of communication channels and the strong presence of market players. The proliferating development of 5G infrastructure, rapid adoption of IIoT, and connected devices on an industrial scale have expanded the data converters market scope in the region. Moreover, European countries are strengthening their digital economy through rising technologies, which have raised the demand for data converters in the EMEA region. Moreover, the surging adoption of 5G technology in the United Arab Emirates (UAE) and African countries have raised the demand for wireless devices, augmenting the deployment of data converters. The Asia-Pacific region is also witnessing significant growth prospects in the forecast period due to favorable regulatory policies for semiconductor production. The escalating adoption of advanced digital technologies and devices has widened the scope for data converters in Asian countries.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Data Converter Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising penetration of wireless communication network owing to exponential growth of smart gadgets and smart cities
Surging demand for high-resolution images in scientific and medical applications
Increased adoption of technologically advanced data acquisition systems

Market Restraints

Risk of errors during data conversion process owing to huge amount of data being stored in multiple formats

Market Opportunities

Potential use of data converter in developing advanced 5G infrastructure
Shifting focus towards development of low-power consumption data converters

Market Challenges

Lack of skilled personnel for handling data converters

Market Segmentation Analysis

Sampling Rate: Rising usage of high-speed data converters for specialized, high-performance use cases that require precision
Type: Growing preference for analog-to-digital converters across telecommunication and automotive industries
Resolution: Increasing usage of data converters with 20 bits for highly precise applications
Industry: High potential of data conversion in the automotive industry to improve safety features and reduce environmental impact

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Data Converter Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Data Converter Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Renesas Introduces 32-bit RX MCU with High-Speed, High-Precision Analog Front End for High-End Industrial Sensor Systems

Renesas Electronics Corporation launched their new RX23E-B microcontroller, a high-performance addition to their RX Family aimed at sophisticated industrial sensor systems. Engineered with a state-of-the-art analog front end (AFE), this 32-bit MCU significantly boosts precision and speed in analog signal measurements.This enhancement caters to a wide spectrum of applications, from industrial robots requiring quick force sensor readings to measuring instruments and test equipment demanding superior accuracy.

Ams-OSRAM AG Introduces AS5911, a 256-Channel Analog-To-Digital Converter for Digitizing Signals from Photodiode Arrays in High-Performance Computed Tomography Scanners

Analog Devices, Inc. (ADI) unveiled the Apollo MxFE platform, a trailblazing integrated radio system engineered for the stringent needs of Aerospace & Defense, Instrumentation, and emerging Wireless Communications such as 6G. This cutting-edge solution boasts software-defined direct RF sampling that presents unprecedented bandwidths up to 10GHz and direct sampling capabilities up to 18GHz, enabling it to address the escalating demand for expansive bandwidths and swift data processing at the network's edge.

Remarkable direct conversion microwave RF sampler works up to beyond 35 GHz

Teledyne e2v launched the EV10AS940, its latest innovation in the form of a 10-bit broadband data converter that signifies a pivotal development in the realm of microwave radio technology. This cutting-edge device is a key aspect of the company's sustained endeavor to lead in the arena of software-defined microwave technologies, further advancing their prior groundbreaking research.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Data Converter Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Data Converter Market, highlighting leading vendors and their innovative profiles. These include ADSANTEC, Advanced Linear Devices, Inc., Agile Analog Ltd., ams-OSRAM AG, Analog Devices, Inc., Antelope Audio, Asahi Kasei Microdevices Corporation, Avia Semiconductor (Xiamen) Ltd., Cirrus Logic, Inc., Data Device Corporation, DATEL, Inc., Faraday Technology Corporation, Infineon Technologies AG, Intel Corporation, IQ-Analog, iSine, Inc., Lansdale Semiconductor, Inc., MaxLinear Inc., Microchip Technology Inc., Mouser Electronics, Inc., NXP Semiconductors N.V., Qorvo, Inc, Renesas Electronics Corporation, ROHM CO., LTD., Semiconductor Components Industries, LLC, Skyworks Solutions, Inc., STMicroelectronics International N.V., Synopsys, Inc., Teledyne Technologies Inc., and Texas Instruments Incorporated.

Market Segmentation & Coverage

This research report categorizes the Data Converter Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Analog-To-Digital Converters
Digital-To-Analog Converters
Sampling Rate
General-Purpose Data Converters
High-Speed Data Converters
Resolution
20 Bit above
Below 10 Bit
Up to 20 Bit
Industry
Automotive
Communications
Consumer Electronics
Industrial
Medical
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year