Global Data Converter Market Expected to Reach $8.28 Billion by 2028

    The Global Data Converter Market is Expected to Witness Strong Growth

    Pune, India., Nov. 10, 2023 – The global data converter market is projected to experience a steady growth rate with a CAGR of 8.4% from 2022 to 2028. This forecast is based on a comprehensive report published by The Insight Partners, titled “Data Converter Market Size and Forecast (2022–2028), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Type, Sampling Rates, Application, Resolution, Rate of Converter, and Geography.”

    According to the report, the revenue of the data converter market was estimated to be worth $5.10 billion in 2022 and is poised to reach $8.28 billion by 2028. This growth is primarily driven by the increasing demand for data converters in wireless communications and the surge in product launches.

    One of the emerging trends in the industry is the rising demand for high-resolution images in the medical sector. This trend is expected to drive further growth in the data converter market.

    Key Findings from the Report:

    – The market size value is expected to reach USD 8.28 billion by 2028, growing at a CAGR of 8.4% from 2022 to 2028.
    – The report covers various segments, including type (DAC and ADC), sampling rates (high-speed converters and general/low-speed converters), application (medical, industrial, communications, consumer electronics, automotive, and others), resolution (10–14 bit, above 14-20 bit, and above 20 bit), rate of converter (Below 100Msps, 100-500Msps, Above 500Msps-1Gsps, and Above 1Gsps-3Gsps), and geography.
    – The market size value in 2022 was estimated to be USD 5.10 billion.
    – The forecast period for the market is from 2022 to 2028, with the base year being 2022.
    – The report covers revenue forecast, company analysis, industry landscape, growth factors, and trends.

    Regional Insights:

    – Europe is witnessing significant growth in the data converter market, driven by the proliferating automotive sector. The automotive industry in Europe represents over 7% of the region’s GDP. The increasing development and sales of electric vehicles, along with the presence of established car manufacturers and suppliers, are expected to boost the market growth in the coming years. However, the Russia and Ukraine conflict has raised the raw material and logistics costs to some extent, negatively impacting the automotive industry in the region.

    – Germany leads the data converter market in Europe. The country is renowned for its outstanding automotive industry, with a significant number of passenger and commercial vehicles being manufactured and exported globally. Additionally, the growing telecommunications and aerospace industries in Germany present significant opportunities for data converter market players.

    Segmental Overview:

    – The market is segmented based on type, sampling rate, application, and geography.
    – Based on type, the market is divided into DAC and ADC.
    – The sampling rate segment is further segmented into high-speed converters and general/low-speed converters.
    – The resolution segment includes 10–14 bit, above 14-20 bit, and above 20 bit.
    – The rate of converter segment is categorized into Below 100Msps, 100-500Msps, Above 500Msps-1Gsps, and Above 1Gsps-3Gsps.
    – Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

    Competitive Landscape:

    The data converter market includes key players such as Analog Devices, Inc., Texas Instruments Incorporated, NXP Semiconductors, STMicroelectronics, and ROHM CO., LTD. The report also covers other companies, including Microchip Technology, Omni Design Technologies, Inc., On Semiconductor, Renesas Electronics Corporation, and Synopsys, Inc.

    Recent Developments:

    – In 2022, ROHM launched the D/A converter IC (DAC chip) BD34352EKV and the corresponding evaluation board BD34352EKV-EVK-001. These products support the playback of high-resolution sound sources in high-fidelity audio equipment.
    – In 2021, Texas Instruments expanded its portfolio of high-speed data converters with a new family of successive-approximation register (SAR) analog-to-digital converters (ADCs). These ADCs enable high-precision data acquisition in industrial designs, offering improved signal resolution, extended battery life, and strengthened system protection.

    In conclusion, the global data converter market is expected to witness significant growth in the coming years. The increasing demand for data converters in wireless communications and the rise in product launches are key factors driving this growth. Furthermore, the emerging trend of high-resolution imaging in the medical sector is expected to fuel the market’s expansion. With the increasing emphasis on automotive, telecommunications, and industrial sectors, the data converter market holds immense potential for future growth.

    About The Insight Partners:
    The Insight Partners is a leading industry research provider of actionable intelligence. They specialize in various industries, including Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals, and Materials.

    For further information, inquiries, or to purchase the full report, please contact:

    Contact Person: Ankit Mathur
    Phone: +1-646-491-9876

    To read more research published by The Insight Partners, please visit their website.

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