Global Data Converter Market (2021-2027) by Type, Sampling Rate, Application, and Geography. IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
The Global Data Converter Market is estimated to be USD 5.1 Bn in 2021 and is expected to reach USD 6.3 Bn by 2027, growing at a CAGR of 7.36%.The rising use of smart devices, inventions carried out by companies operating in the data converter industry, increasing demand by end-users for test and measurement solutions, and the demand for high-resolution images in science and medical applications are some of the major factors driving the growth of the data converters market. The market is driven by the growing adoption by end-users of technologically advanced data acquisition systems and the rising demand for test and measurement solutions. The use of data converters in emerging advanced 5G infrastructure is creating an opportunity for this market.
However, the incorporation of RF data converters into FPGA and system-on-chip (SoC) and a lack of awareness about how much and where they need to be used in smart devices are the main restraining factors for the industry. Due to less supply and a lack of awareness, manufacturing industries still do not use these converters.
- Increasing use of Smart Devices
- Inventions Carried out by Companies
- Increasing Demand by End-Users for Test and Measurement Solutions
- Increasing Demand for RF Sampling Data Converters
- Lack of Awareness about Usage
- Limited Supply
- Growing Adoption of Technologically Advanced Data Acquisition Systems
- Rising Demand for Test And Measurement Solutions
- Potential Use of Data Converters in Emerging advanced 5G Infrastructure
- Development of Low-Power Consumption Data Converters
Based on Type, the demand for Analog-To-Digital Converters (ADCs) is projected to rise during the forecast period. Growing demand for high-resolution images has led to the adoption of ADCs, which provide accurate and versatile conversion of crucial data set details.
Based on Sampling Rate, the demand for High-Speed Data Converters is projected to expand at a high pace. The evolution of wireless communication networks would boost the market for high-speed data converters. The 5G wireless communications technology, for instance, is rapidly evolving and is scheduled to start rolling out globally. Network infrastructure manufacturers need to build a high-speed, lag-free solution for advanced high-performance networking applications, resulting in an increased demand for high-speed data converters.
Based on Application, the Communications segment accounted for the largest share of the industry-based overall data converters market. The growth is due to the transition to the fourth generation (4G) network, with advanced voice and data facilities and quality modulation and antenna techniques improved.
Based on Geography, Asia Pacific is projected to hold the biggest share of the data converters market. This rise is primarily due to the rising demand in China, Japan, and India for communications systems and consumer appliances. Furthermore, the increasing implementation of industrial automation in APAC will raise the demand for data converters incorporated into sensor-based systems.
The Global Data Converters Market is segmented based on Type, Sampling Rate, Application, and Geography.Global Data Converters Market, By Type
Global Data Converters Market, By Sampling Rate
- Analog-To-Digital Converter (ADC)
- Digital-To-Analog Converter (DAC)
Global Data Converters Market, By Applications
- High-Speed Global Data Converter
- General-Purpose Global Data Converter
Global Data Converters Market, By Geography
- Consumer Electronics
- Test and Measurement (T&M)
- North America
- South America
- Asia Pacific
- The Middle East and Africa
Some of the companies covered in this report are Asahi Kasei Microdevices, Cirrus Logic, Intersil (Renesas), Maxim Integrated, Microchip Technology, NXP Semiconductors, On Semiconductor, STMicroelectronics, Texas Instruments, Avia Semiconductor (Xiamen) Co., Ltd., Cirrus Logic, Inc., Datel, Faraday Technology Corporation, Intersil, IQ-Analog Corporation.IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance Score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Why Buy This Report?
The report offers a comprehensive evaluation of the Global Data Converters Markets. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s Proprietary competitive positioning tool.Report Highlights
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market