Title: Data converter market forecast to witness phenomenal growth opportunities by 2024
1Data Converter Market Global Industry Analysis
Report, Share, Growth, Price Trends and Forecast,
2017 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2Application Analysis of Data Converter Market
- Data Converter Market is anticipated to grow
substantially over the forecast time span owing
to the rising demand for high-resolution images
in healthcare applications, growing demand for
test and measurement solutions, and the rising
adoption of innovative data acquisition systems.
These systems are being majorly used in
industrial, automotive, medical imaging, and
telecom applications. The adoption of IoT,
penetration of connected devices, and the growing
digitization in the industrial sectors will
globally provide an impetus for the data
converter market. - The penetration of these products in the
aerospace defense sector is gaining momentum.
These converters are used in several
applications, which range from electronic warfare
systems, communication systems, defense vehicles,
and weapons to condition and convert digital
signal to analog signal and vice versa. The
implementation of these converters helps in
improving the process control capabilities, data
processing, and transmission of signals.
3Continue
- The substantial growth of data converter market
can also be attributed to the high demand and
integration of smart devices such as tablets and
smartphones. These devices are implementing these
converters for video calling, network signal
processing, touch sensitivity, call signal, and
image processing uses. Leading companies, such as
Apple, Inc., LG Corporation, Nokia Corporation,
Samsung Electronics, Co., Ltd., and Sony
Corporation, are using these converters in their
Test Measurement (TM) applications. - An enhanced demand for high-speed data converter
market will be witnessed in the coming years
owing to the ongoing developments in the wireless
communication networks such as the 5G technology.
To develop innovative high-performance
communication applications, several network
infrastructure manufacturers are investing in
high-speed solutions, which have enhanced the
demand for the converters. The rise in the
network penetration in several regions and the
high rate of 4G compatibility in smart devices
will fuel the data converter market.
4Continue
- A key factor hampering the data converter market
growth is the restrictions on latency. Advanced
solutions perform computing at high precision and
speed and it is difficult to implement the System
on Chips (SOC) owing to the technical limitations
in the manufacturing processes. The final circuit
of the system will always have the latency in
comparison to the theoretical design and will
hamper the performance. Moreover, the
manufacturing sector is not using these SOCs
owing to the lack of knowledge about the
placement of converter in smart devices. - The data converter market is segmented by type
and end-use industry. The industry is classified
into Analog to Digital Converter (ADC) and
Digital to Analog Converter (DAC). The ADC
converter helps in converting audio signals from
audio equipment and makes them perceptible for
the listeners while the DAC converts digital
signals into analog signals. DAC is mainly
implemented in audio output equipment such as
speakers. To meet the rising demand for data
consumption, and high-speed internet, the
converters are being used in several products
such as multiplexers, base stations, microwave
radios, servers, routers, and switches.
5Regional Analysis of Data Converter Market
- The Asia Pacific data converter market is
anticipated to witness a substantial growth
during the forecast timeline. Countries, such as
China, Japan, Taiwan, and South Korea, will
contribute majorly to the growth as it is a key
manufacturing hub for smart devices, computers,
and laptops. - In addition, the presence of several
semiconductor companies in the region has
stimulated the data converter market growth. In
the last few years, China and India have
witnessed a rise in demand for these advanced
products owing to the growth in 3G/4G
subscriptions.
6Competitive Market Share of Data Converter
Market
- Analog Devices, Inc.
- Asahi Kasei Microdevices Corporation
- Avia Semiconductor (Xiamen) Co., Ltd.
- Cirrus Logic, Inc.
- Datel
- Faraday Technology Corporation
- Honeywell International, Inc.
- Intersil
- IQ-Analog Corporation
- Maxim Integrated
- MaxLinear
- Micro Analog, Inc.
- Microchip Technology, Inc.
- Microsemi Corporation
- National Instruments Corporation
- NXP Semiconductors N.V.,
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