DATA CONVERTERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global data converters market is estimated to be valued at US$ 6.13 Bn in 2024 and is expected to reach  US$ 9.94 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.

Data converters play a crucial role in facilitating communication between analog and digital systems. These allow real-world signals like temperature, light, pressure, and others to be measured and transmitted in digital form for processing. Global data converter market has witnessed growth over the years due to increasing digitization across various industries like electronics, healthcare, automotive, and others. Various types of data converters are available in the market based on their operational characteristics and speed such as analog to digital converters (ADC), digital to analog converters (DAC), sampling rates, and others. Advancements in IC fabrication technology have enabled development of more compact and efficient converter ICs capable of higher speeds and resolutions. This factor along with growth in applications like IoT is expected drive the data converters market growth.

Market Dynamics:

Global data converters market growth is driven by rapid growth in digitization and connectivity across many industries. Growing adoption of smart devices, industrial automation, self-driving cars, and others necessitates data conversion for various sensors and control processes. However, high development costs of advanced converter ICs limits its mass adoption and hampers the market growth. The ongoing shift towards more connected systems and technologies like 5G communication presents significant opportunities in applications like mobile and wireless networks. Advancements in technologies like AI also offer scope for increasing integration of data converters.

Key features of the study:

- This report provides in-depth analysis of the global data converters market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global data converters market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Analog Devices, Inc., Caelus Technology, Digikey, GlobalSpec, Infineon Technologies AG, Microchip Technology Inc., Omni Design, Renesas, ROHM CO., LTD., STMicroelectronics, Synopsis, Teledyne Technologies Incorporated, Texas Instruments, Faraday Technology Corporation, Asahi Kasei Microdevices, Cirrus Logic

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- Global data converters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global data converters market

Market Segmentation

• By Type
  • Analog to Digital Converter
  • Digital to Analog Converter
• By Application
  • Communications
  • Automotive
  • Consumer Electronics
  • Industrial Process Control and Automation
  • Medical
  • Testing and Measurement
  • Others
• By Regional
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Key Players
  • Analog Devices, Inc.
  • Caelus Technology
  • Digikey
  • GlobalSpec
  • Infineon Technologies AG
  • Microchip Technology Inc.
  • Omni Design
  • Renesas
  • ROHM CO., LTD.
  • STMicroelectronics
  • Synopsis
  • Teledyne Technologies Incorporated
  • Texas Instruments
  • Faraday Technology Corporation
  • Asahi Kasei Microdevices
  • Cirrus Logic