Data Converter Market by Type (Analog-to-Digital Converter and Digital-to-Analog Converter), Sampling Rate (High-Speed Data Converter and General-Purpose Data Converter), Application, and Region - Global Forecast to 2023
“Data converter market expected to grow at a significant rate between 2017 and 2023”
The data converter market is expected to grow from USD 3.52 billion in 2017 to USD 5.08 billion by 2023, at a CAGR of 6.3% during 2017–2023. The key factors driving the growth of the data converter market are the development strategies, such as product launches and developments, mergers and acquisitions, agreements, partnerships, and collaborations, implemented by the players operating in the data converter market, rising demand for test and measurement solutions by end users, and growing demand for high-resolution images in scientific and medical applications. However, the major restraining factors for the growth of this market is the integration of RF data converters into FPGA and system-on-chip (SoC).
“ADC expected to hold the largest share of the data converter market based on types during the forecast period”
Analog-to-digital converters (ADCs) hold the largest share of the overall data converter market. The increasing adoption of technologically advanced data acquisition systems is likely to drive the market for ADCs. Moreover, the adoption of 5G technology for commercial applications, growing use of electronic components for automotive applications, and rising demand for fitness equipment led to rise the market for ADCs.
“Communications expected to hold the largest share of the overall data converter market in 2017”
The evolution of wireless communication networks, such as 3G, 4G, and long-term evolution (LTE), has resulted in the growth of base stations, optical communication devices, and other communications-based infrastructural products, which results in the increased demand for data converters. In addition, the 5G wireless communications technology is developing rapidly and is expected to start rolling out globally by 2020. Owing to these factors, the communications expected to hold the largest share of the overall data converter market.
“Data converter market in the Asia Pacific expected to grow at the fastest rate during the forecast period”
The data converter market in the Asia Pacific is expected to grow at the fastest rate between 2017 and 2023.
The growing digitization in the industrial sector, adoption of IIoT, and penetration of connected devices would create a need for data converters in the region. The emerging economies such as China and Japan are supporting the growth of the data converter market.
The break-up of the profiles of primary participants for the report has been given below.
• By Company: Tier 1 = 45%, Tier 2 = 30%, and Tier 3 = 25%
• By Designation: C-Level Executives = 40% and Managers = 60%
• By Region: Americas = 30%, APAC = 35%, Europe = 20%, RoW = 15%
The key players operating in the data converter market are Analog Devices (US), Texas Instruments (US), and Maxim Integrated (US), Cirrus Logic (US), Microchip Technology (US), and Intersil (Renesas) (US), Asahi Kasei Microdevices (US), Avia Semiconductor (Xiamen) (China), IQ-Analog (US), MaxLinear (US), Micro Analog (US), National Instruments (US), Nisshinbo (Japan), Nuvoton Technology (Taiwan), ROHM (Japan), Seamless Devices (Allied Minds Plc) (US), Semtech (US), Silicon Laboratories (US), ON Semiconductor (US), NXP (Netherlands), Honeywell (US), STMicroelectronics (Switzerland), Wavefront Semiconductor (US), DATEL (US), and Faraday Technology (Taiwan).
The research report on the data converter market covers the market segmented based on following segments: type, sampling rate, application, and geography. The market has been segmented based on types into analog-to-digital converters and digital-to-analog converters. Based on sampling rate, the industrial services market has been classified into high-speed data converters and general-purpose data converters. The market based on the application has been segmented into communications, automotive, industrial, test and measurement, consumer electronics, and medical.
Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on type, sampling rate, application, and geography have been conducted to give the overall view of the data converter market.
The value chain analysis is provided to provide an in-depth insight into the data converter market.
The major drivers, restraints, opportunities, and challenges for the data converter market have been detailed in this report.
The report includes a detailed competitive landscape, in-depth DIVE analysis, and revenue of the key players.