Analog-to-Digital Converter Market accounted to US$ 2.30 Bn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 4.09 Bn by 2027.
Geographically, the analog-to-digital converter market is segmented into North America, APAC, Europe, MEA, and SAM regions. North America led the analog-to-digital converter market in 2018 with a significant market share; whereas Asia pacific is anticipated to be the fastest-growing region during the forecast period. In the US, the transformation of mobile customers from connected to digital has been one of the fastest in the world. By the time of commercialization of 5G within the region, use of related products such as 5G chipset, ADC, and others are expected to gain high momentum in the future.
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The Asia pacific is the second-largest market in the analog-to-digital converter market. Apart from North America and Asia Pacific, Europe remains at the third-largest geographic segment in the analog-to-digital converter market. In Europe, On the back of its high growth, the European automotive sector has been contributing heavily toward the GDP of the region. The governments, along with the automotive industry manufactures, have taken initiatives to enhance skillsets of the automotive workforce. The leading car OEMs in the region are focused on security technologies and connected cars. Thus, the booming automotive sector would proliferate the analog-to-digital converter market in Europe.
Some of The Major Players In Global Market:
1. Asahi Kasei Microdevices Corporation
2. Analog Devices Inc.
3. Cirrus Logic Inc.
4. Maxim Integrated
5. Microchip Technology Inc.
6. ON Semiconductor
7. ROHM Semiconductor
8. Renesas Electronics Corporation
9. Sony Corporation
10. Texas Instruments Incorporated
Upsurge in the demand for enhanced data acquisition systems
The data acquisition solutions aid in measuring voltage, current, temperature, and other parameters. It processes the data for display and analysis. Advancements in the data acquisition arena including the inclusion of network connectivity, data analysis & reporting software, and remote control & monitoring options is steering the market demand for analog-to-digital converters market growth during the forecast period
Continuous evolution in the economies
As soon as 5G was announced and its potential benefits were showcased at global level, numerous countries have put their hand forward in ensuring a healthy evolution of this technology. A large number of global players have also ventured into developing, research and innovations for the 5G technology globally. 5G is proven to be a technological evolution that will have the potential to bridge a consumers physical, virtual and social worlds. The government has laid enhanced focus on the development of 5G technologies to meet the country’s plan for building a prominent economy as per the VISION 2030. Aforesaid factors are expected to provide huge opportunities for A/D conveter manufacturers and thus, positively impacting the Analog-to-digital converter market.
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Product Type Insights
The global analog-to-digital converter market by product type is segmented into integrating ADC, delta-sigma ADC, succesive approximation ADC, ramp ADC, and others. succesive approximation ADC segment dominates the analog-to-digital converter market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. Successive approximation is an advanced version of digital ramp ADC which was designed for increasing the operation speed. In SAR, the normal counter is substituted with a successive approximation register.