The global data converter market size reached US$ 5.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028, according to a new report by IMARC Group.
A data converter stands for an electronic circuit that converts analog data to digital formats and vice versa. Computers or PCs employ analog-to-digital data converters for converting the signals into a readable format. However, modems turn digital signals to analog for communications through telephone lines. Based on this, data converters are widely used across various industries, including telecommunications, automotive, medical, and consumer electronics.
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Market Trends:
Rapid digitalization across several industries, along with the development of technologically advanced data acquisition systems, is augmenting the growth of the data converter market. Additionally, the rising adoption of data converters in the aerospace and defense sectors is also proliferating the market growth. Data converters are widely used in electronic warfare and communication systems, weapons, and defense vehicles for signals conversion and transmission. Moreover, the growing integration of data converters with smart devices for video calling, network signal processing, improve touch sensitivity, and image processing, is also catalyzing the market growth. The rising popularity of wireless communication networks, such as 4G, 5G, and long-term evolution (LTE), along with emergence of the Internet-of-Things (IoT) based devices, is also expected to propel the growth of data convertor market.
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Breakup by Type:
Analog-to-Digital Converters
Digital-to-Analog Converters
Breakup by Sampling Rate:
High-Speed Data Converters
General-Purpose Data Converters
Breakup by Application:
Communications
Automotive
Consumer Electronics
Industrial Process Control and Automation
Medical
Testing and Measurement
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Analog Devices Inc., Asahi Kasei Microdevices Corporation, Datel Inc. (Murata Manufacturing), Fujitsu Ltd., IQ-Analog Corporation, Maxim Integrated, Microchip Technology Inc., NXP Semiconductors N.V., ON Semiconductor, Renesas Electronics Corporation, STMicroelectronics, Synopsys Inc., Texas Instruments Incorporated, etc.
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