The global data converter market size to continue its moderate growth during the next five years.
According to IMARC Group’s latest report, titled “Data Converter Market Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global data converter market size to continue its moderate growth during the next five years.
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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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.
Data Converter Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
- Synopsys Inc.
- Texas Instruments Incorporated
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:
- Consumer Electronics
- Industrial Process Control and Automation
- Testing and Measurement
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Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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