Data Converter Market Report, Analysis, Opportunities by 2030
The data converter market size is projected to reach US$ 10.06 billion by 2030 from US$ 5.36 billion in 2022. The market is expected to register a CAGR of 8.2% during 2022–2030. Miniaturization of Temperature Sensors is likely to remain a key trend in the market.
Data Converter Market Analysis
Over the past few years, the data converter market has grown rapidly due to factors such as increasing demand for testing and measurement by end users, rising demand for data converters in wireless communications, and increasing product launches. The potential use of IoT devices and data consumption and the growing use of data converters in developing advanced 5G infrastructure are some of the factors providing growth opportunities for the data converter market.
Data Converter Market Overview
A data converter is an electronic circuit; it converts data from one form to another, i.e., a digital-to-analog converter (ADC) or analog-to-digital converter (DAC). The circuits operating with analog signals are analog, while circuits operating with digital signals are digital circuits. The high-speed ADCs are appropriate for industrial instrumentation, infrastructure, communications systems, industrial process control, data acquisition, measurement and control systems, and other sensory-based systems. Further, DACs are suitable for medical/test instrumentation and equipment, communication systems, and video applications.
Communication and protocol conversion; industrial control and measurement; 5G, wireless communications, wireline communications, LiDAR, and RADAR; automotive ethernet; and image sensors are among the major applications in which data converters are used. With an increasing demand for real-time information in these applications, the requirement for data converters will continue to grow in the coming years. Data converters have the potential to support high-speed operations with great precision and ease, which bolsters their demand in industrial, communication, consumer electronics, and medical applications. They also simplify system design while enhancing accuracy, lowering power, boosting bandwidth, and decreasing costs.
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Data Converter Market: Strategic Insights
Data Converter Market
-
CAGR (2022 - 2030)
8.2%
-
Market Size 2022
US$ 5.36 Billion
-
Market Size 2030
US$ 10.06 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Demand for Testing and Measurement by End Users
- Rising Demand for Data Converters in Wireless Communications
- Increasing Product Launches
FUTURE TRENDS
- Rise of High-Speed Data Converters
OPPORTUNITIES
- Potential Use of IoT Devices and Data Consumption and Growing Use of Data Converters in Developing Advanced 5G Infrastructure
Key Players
- Texas Instruments Inc
- Siemens AG
- TE Connectivity Ltd
- Amphenol Corp
- Analog Devices Inc
- Emerson Electric Co
- Microchip Technology Inc
- Panasonic Holdings Corp
- Honeywell International Inc
- NXP Semiconductors NV
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- ADC and DAC
Resolution
- 10 Bit
- 12 Bit
- 14 Bit
- 16 Bit
Rate of Converter
- Upto 50 Msps
- 51 to 100 Msps
- 101 to 200 Msps
- 201 to 500 Msps
- 501 Msps to 1 Gsps
- Above 1 Gsps
End User
- Automotive
- Communications
- Consumer Electronics
- Industrial
- Medical
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Data Converter Market: Strategic Insights
-
CAGR (2022 - 2030)8.2% -
Market Size 2022
US$ 5.36 Billion -
Market Size 2030
US$ 10.06 Billion
Market Dynamics
- Increasing Demand for Testing and Measurement by End Users
- Rising Demand for Data Converters in Wireless Communications
- Increasing Product Launches
- Rise of High-Speed Data Converters
- Potential Use of IoT Devices and Data Consumption and Growing Use of Data Converters in Developing Advanced 5G Infrastructure
Key Players
- Texas Instruments Inc
- Siemens AG
- TE Connectivity Ltd
- Amphenol Corp
- Analog Devices Inc
- Emerson Electric Co
- Microchip Technology Inc
- Panasonic Holdings Corp
- Honeywell International Inc
- NXP Semiconductors NV
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- ADC and DAC
- 10 Bit
- 12 Bit
- 14 Bit
- 16 Bit
- Upto 50 Msps
- 51 to 100 Msps
- 101 to 200 Msps
- 201 to 500 Msps
- 501 Msps to 1 Gsps
- Above 1 Gsps
- Automotive
- Communications
- Consumer Electronics
- Industrial
- Medical
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Data Converter Market Drivers and Opportunities
Increasing Demand for Testing and Measurement by End Users to Favor Market
Ensuring product quality, compliance, and efficiency remains a top priority for businesses across the world. The test and measurement (T&M) solution is a vital part of the electronic systems design & manufacturing (ESDM) sector, as it ensures the quality and performance of numerous electronic products. In the communications industry, enhanced voice quality and data services are the result of advanced modulation and antenna techniques. Radiofrequency (RF) signal analysis equipment, logic analyzers, signal generators, cable testers, network analyzers, and other test and measurement tools are needed to comprehensively test various networking components, including routers, repeaters, and connections. Analog-to-digital converters (ADC) and digital-to-analog converters (DAC) are frequently used in equipment for signal conversion. The growing use of ADCs and DACs in communication testing equipment propels the data converter market growth.
Growing Use of Data Converters in Developing Advanced 5G Infrastructure
Governments of many countries are taking initiatives to increase their 5G infrastructure. In September 2023, the US National Science Foundation Directorate for Technology, Innovation and Partnerships (TIP) announced that it is tackling 5G communication infrastructure and operational challenges through a US$ 25 million investment to advance five convergent teams from Phase 1 to Phase 2 of NSF Convergence. NSF selected 16 teams for Phase 1 of Track G. Over the next two years, the Phase 2 teams will take part in an innovation and entrepreneurial curriculum that includes technology development, intellectual property, financial management and planning, sustainability planning, and communications and outreach. In April 2023, US Secretary of Commerce Gina M. Raimondo announced the launch of the Public Wireless Supply Chain Innovation Fund, which aimed to invest US$ 1.5 billion in the development of open and interoperable networks. Funded by the CHIPS and Science Act of 2022, this investment is part of the Biden-Harris Administration’s Investing in America agenda, aiming to drive wireless innovation, foster competition, and strengthen supply chain resilience. Thus, the growing use of data converters in developing 5G infrastructure and increasing government initiatives are expected to offer significant opportunities for the data converter market in the coming years.
Data Converter Market Report Segmentation Analysis
Key segments that contributed to the derivation of the data converter market analysis are type, resolution, rate of converter, and end user.
- Based on the type, the data converter market is divided into ADC and DAC. The ADC segment will hold a significant market share in 2022.
- By resolution, the market is segmented into 10 Bit, 12 Bit, 14 Bit, 16 Bit, and Others. The others segment held the largest market share in 2022.
- In terms of the rate of converter, the market is segmented into up to 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1 Gsps, and Above 1 Gsps. The 501 Msps to 1 Gsps segment held the largest market share in 2022.
- In terms of end user, the market is segmented into automotive, communications, consumer electronics, industrial, medical, and others. The communications segment held the largest market share in 2022.
Data Converter Market Share Analysis by Geography
The geographic scope of the data converter market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
In terms of revenue, North America dominated the market in 2022. The North America data converter market is segmented into the US, Canada, and Mexico. The market growth in the region is attributed to the rising demand for high-resolution images in healthcare applications. The improved image quality can enable quick diagnosis and treatment of any disease, enhancing physicians' productivity. The rising adoption of data converters in technologically advanced data acquisition systems further drives the market growth in North America. The electronics industry is shifting toward a trend that combines flexible software and modular hardware. Moreover, North America has a significant presence of major data converter manufacturers driving the growth of the market in the region. Some of the data converter manufacturers in North America are Texas Instruments Incorporated, Analog Devices, Inc., Omni Design Technologies, Inc., Synopsys, Inc., Microchip Technology, Inc., and others.
Data Converter Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 5.36 Billion |
Market Size by 2030 | US$ 10.06 Billion |
Global CAGR (2022 - 2030) | 8.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Data Converter Market News and Recent Developments
The data 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 data converter market are listed below:
- STMicroelectronics introduced a new line of radiation-hardened power, analog, and logic ICs in low-cost plastic packages that perform critical duties for satellite electronic circuits. The first nine devices in this series were introduced, and they include a data converter, voltage regulator, line driver, LVDS transceiver, and five logic gates that are used in a variety of systems such as power generation and distribution, telemetry star trackers, on-board computers, and transceivers. (Source: STMicroelectronics, Press Release, March 2022)
- Renesas Electronics Corp added a new RX device for high-end industrial sensor systems to its lineup of 32-bit microcontrollers. The new MCU incorporates a 24-bit Delta-Sigma A/D converter with a maximum conversion speed of 125 kSPS (125,000 samples/second), and it is eight times quicker than the RX23E-A. (Source: Renesas Electronics Corp, Press Release, November 2023)
Data Converter Market Report Coverage and Deliverables
The “Data Converter Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Data converter market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Data converter market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Data converter market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the data converter market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Resolution, Rate of Converter, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The data converter market size is projected to reach US$ 10.06 billion by 2030.
North America is expected to dominate the data converter market with the highest market share in 2022.
The leading players operating in the data converter market are Texas Instruments Inc., Siemens AG, TE Connectivity Ltd, Amphenol Corp, Analog Devices Inc, Emerson Electric Co, Microchip Technology Inc, Panasonic Holdings Corp, Honeywell International Inc, and NXP Semiconductors NV.
The global data converter market is expected to grow at a CAGR of 8.2% during the forecast period 2023 - 2030.
Increasing demand for testing and measurement by end users, rising demand for data converters in wireless communications and increasing product launches are the major factors driving the data converter market.
The rising adoption of high-speed data converters is anticipated to play a significant role in the global data converter market in the coming years.
The List of Companies - Data Converter Market
- Texas Instruments Inc
- STMicroelectronics NV
- Renesas Electronics Corp
- ROHM Co Ltd
- Analog Devices Inc
- Cirrus Logic Inc
- Asahi Kasei Microdevices Corp
- Microchip Technology Inc
- On Semiconductor Corp
- Teledyne Technologies Inc