Global Data Converter Market Size By Type (Digital-to-Analog Converters, Analog-to-Digital Converters), By Sampling Rate (General-Purpose, High-Speed), By End User (Medical, Test and Measurement), By Geographic Scope And Forecast

Data Converter Market Size And Forecast

Data Converter Market size was valued at USD 4.67 Billion in 2020 and is projected to reach USD 7.63 Billion by 2028, growing at a CAGR of 6.33% from 2021 to 2028.

The increasing telecommunication industry and expansion of the automotive industry with an increase in technological advancements are the factors driving the market growth of the Data Converter Market. The Global Data Converter Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Data Converter Market Definition

Data conversion is the modification of one data type into another data type. It is a specialized process mostly done through software, and also there is no human intervention required. The primary purpose of the data modification is to facilitate interoperability between different data types and maintain the data by embedding as much data as possible. Data conversion can be complex or straightforward, established on the environment and data formats involved.

Information is managed by the operating system and different applications in different manners to use data for various applications, and various system data need to be converted. Data conversion is feasible only if the needed format can support similar data features and constructs of the source data. In case the type specifications are unknown, reverse engineering can transform the data. Majorly, it would only direct to a close estimation of the original specification. In the process of data conversion, information can easily be removed by an application or conversion agent.

Nonetheless, adding the information is an uphill task. Data conversion is achieved in most circumstances in a regulation-based manner. The rules can be established by the operating system, application, programming language, or even the programmer. Successful data conversion helps in the smooth functioning of applications dependent on the concerned data. Yet, data conversion can be a meticulous task, specifically in the case of complicated data formats. If not done rightly, it could lead to loss of data.

Global Data Converter Market Overview

The primary factor driving the market growth is the increasing telecommunication industry. Increasing investment to improve the communication channels. With the increased usage of smartphones, tablets, and other electronic devices for extended hours, people utilize high-speed internet, local area networks, and wide-area networks. The networks use data acquisition systems and converters for more helpful audio and video communication transmission for long distances and increased bandwidths.

Also, rising telecommunication sectors, consumer electronics, aerospace, and industrial sectors are driving the market growth of the Data Converter Market. Another factor is increasing in advanced technology, and data converters consist of wireless transceivers that can be used with fixed networks or other vehicles. Many auto giants are looking to expand their business in the country.

The invention and funding of the automotive industry have produced vehicles with radar distance control in front of the vehicle, voice rules, Bluetooth connectivity with a smartphone for accessible communication, and a CD player. Yet, the rise of low power consumption data converters and the absence of knowledge regarding using smart devices are the factors hampering the market growth. Otherwise, an expansion in developing innovative high-performance communication applications and many network infrastructure manufacturers provide a lucrative opportunity for the Data Converter Market.

Global Data Converter MarketSegmentation Analysis

The Global Data Converter Market is segmented on the basis of Type, Sampling Rate, End-User, and Geography.

Data Converter Market, By Type

• Digital-to-Analog Converters
• Analog-to-Digital Converters

Based on Type, The market is segmented into Digital-to-Analog Converters and Analog-to-Digital Converters. The Analog-to-Digital Converters segment holds a large number of shares in the market because of the increase in the adoption ADCs, which increases the demand for high-resolution images and is the factor boosting the market growth of the Data Converter Market.

Data Converter Market, By Sampling Rate

• General-Purpose Data Converters
• High-Speed Data Converters

Based on Sampling Rate, The market is segmented into General-Purpose Data Converters and High-Speed Data Converters. The High-Speed Data Converters segment holds a large number of shares in the market because of increases in the demand for high-speed data converters and increasing advanced high-performance communication applications. Network infrastructure manufacturers’ need to design a high-speed lag-free solution is the factor boosting the market growth of the Data Converter Market.

Data Converter Market, By End User

• Medical
• Test and Measurement
• Consumer Electronics
• Telecommunications
• Automotive
• Industrial
• Others

Based on End User, The market is segmented into Medical, Test and Measurement, Consumer Electronics, Telecommunications, Automotive, Industrial, and Others. The Telecommunication segment holds a large number of shares in the market because of the rapidly use of data converters for wireless communications, use in smartphones and other electronic devices, increase in adoption of wireless broadband as it operates base stations to transfer signals from building to building are the factor boosting the market growth of the Data Converter Market.

Data Converter Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Data Converter Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region holds a large number of shares in the market because of the growing demand for communications systems and consumer equipment in the countries like China, Japan, and India. The increasing adoption of industrial automation in APAC would help integrate data converters into sensor-based systems, increasing the market growth of the Data Converter Market.

Key Players

The “Global Data Converter Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cirrus Logic, Intersil, Asahi Kasei Microdevices, Maxim Integrated, On Semiconductor, STMicroelectronics, Texas Instruments, Microchip Technology, NXP Semiconductors, and DATEL.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In June 2019, Analog Devices, Inc. introduced a mixed-signal front-end RF data converter platform that allows to combines of high-performance analog and digital signal processing for a range of wireless equipment like 4G LTE and 5G millimeter-wave radios.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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