The analog to digital converter market size is projected to reach US$ 6.29 billion by 2030 from US$ 3.87 billion in 2022. The market is expected to register a CAGR of 6.3% during 2022–2030. Low power consumption and integration with SOCs are likely to remain a key trend in the market.
Data converters play a critical role in the enablement of high-resolution content for ultra-high-quality playback music experience. These converters filter unwanted noises and ensure low power consumption to maximize the battery life of devices such as headphones. The manufacturer witnessed increasing demands for faster conversion speed and higher resolution. Several developments are underway in the analog to digital converter market to attain higher accuracy, wider dynamic range, and effective compatibility. Advancements in new oversampling techniques have prominently helped in the cost reduction of converters. According to many manufacturers, the demand for higher resolution among data acquisition system designers is attributed to their aim to utilize each bit of the resolution. Higher-resolution converters provide critical and additional details about the data.
Advancements in communications, such as the rollout of 5G, are predicted to open up new application areas for analog to digital converters. The analog to digital converter (ADC) is integrated into 5G base stations for converting analog values into digital values for users’ benefit. Countries such as India, China, the US, Germany, and Brazil are experiencing a rise in the 5G trials. Further, ADCs are also used in the automotive sector and have applications in telematics systems and LiDAR. ADCs are required in myriad industries, such as semiconductor, automotive, telecommunication, and industrial. They are also used for imaging charge-coupled devices (CCD), including scanners, digital cameras, camcorders, and test instrumentation.
Analog-to-digital converters (ADCs) help convert data from analog signals received from environmental phenomena into digital signals. The entire conversion includes several steps, such as sampling, quantization, and coding. ADCs are the essential components as analog values must be converted to digital values for further processing. Various types of ADCs present in the market include simultaneous or flash ADCs, tracking-type ADCs, counter-type ADCs, successive approximation type ADCs, sigma-delta ADCs, and single-, dual-, and multi-slope ADCs. These converters find applications in digital signal processing (microcontrollers, TV tuner cards, digital storage oscilloscopes), scientific instruments (digital imaging systems, temperature sensors, radar systems), and digital audio (sound recording, digital audio workstations, and pulse-code modulation).
The growing urbanization and rising disposable income have been the major enablers of the proliferation of the electronics industry. According to the US Bureau of Economic Analysis, in March 2023, disposable personal income (DPI) in the US rose by 0.5% in February 2023 compared to January 2023. The growth in people's disposable income contributes to the strong purchasing power, which bolsters the sales of television sets, microwaves, and other consumer electronics. Further, a rise in government initiatives to boost domestic production output plays a crucial role in boosting the electronic industry in different countries. According to the Ministry of Electronics & IT, in March 2023, Indian electronics manufacturing is expected to reach US$ 300 billion by 2025–2026. The government's strategic steps and initiatives favor the progress of the electronics industry. Under India’s National Policy on Electronics 2019 (NPE 2019), special schemes are introduced for large-scale electronics manufacturing.
The ever-increasing demand for consumer electronic devices such as smartphones, tablets, smart TVs, gaming devices, AR/VR devices, and smart speakers is propelling the consumer electronics industry. ADCs are deployed in the most advanced electronics and applications. It helps convert the real-world input to a digital signal for processing and storage. The surging demand for audio ADCs in the manufacturing of consumer audio and home theatre systems is proliferating the analog to digital converter market growth.
Sensors emerge as indispensable agents in the complex ecosystem of the Internet of Things (IoT), monitoring a wide range of physical properties such as temperature, humidity, pressure, light, motion, and many more. Most sensors provide analog signals that correlate to the physical phenomena they are supposed to measure. However, in order to effectively collect, analyze, and transmit sensor data over IoT networks, an analog signal must be converted into a digital format. This critical job is filled by Analog to digital converters (ADCs).
Key segments that contributed to the derivation of the analog to digital converter market analysis are sensing type, current direction, and end user.
The geographic scope of the Analog to Digital Converter market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America dominated the analog to digital converter market share in 2022. The North American market is segmented into the US, Canada, and Mexico. The US held the largest share of the North American analog to digital converter market in 2022. The country is home to major market players such as Analog Devices, Inc.; Cirrus Logic, Inc.; Microchip Technology, Inc.; and Texas Instruments Incorporated. The US is a manufacturing, IT, and automotive hub, among other sectors that require technologically advanced solutions for precision and accuracy in production and other processes. The Bipartisan Infrastructure Law, signed by US President Biden, is a once-in-a-generation investment in the infrastructure of the US. The projected rise in the telecom infrastructure with such initiatives further fuels the adoption of ADCs in North America.
The regional trends and factors influencing the Analog to Digital Converter Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Analog to Digital Converter Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 3.87 Billion |
| Market Size by 2030 | US$ 6.29 Billion |
| Global CAGR (2022 - 2030) | 6.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Analog to Digital Converter Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Analog to Digital Converter Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The analog to digital converter market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the analog to digital converter market are listed below:
The “Analog to Digital Converter Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - Analog to Digital Converter Market
The analog to digital converter market is expected to register a CAGR of 6.3% during 2022–2030
The analog to digital converter market size is projected to reach US$ 6.29 billion by 2030
The rise in demand for consumer electronics and energy efficiency requirements are expected to drive the analog to digital converter market.
Asia Pacific dominated the analog to digital converter market in 2022.
Low power consumption and integration with SOCs are likely to remain key trends in the market.
Asahi Kasei Microdevices Corporation, Analog Devices, Inc., Cirrus Logic, Inc., Microchip Technology Inc., Semiconductor Components Industries, LLC, ROHM CO., LTD., Renesas Electronics Corporation., STMicroelectronics, Texas Instruments Incorporated, and Teledyne Technologies Inc are among the leading payers operating in the analog to digital converter market.