Rising Demand for Advanced Data Acquisition Systems Drives Analog to Digital Converter Market Growth
According to our latest study on “Analog to Digital Converter Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Type, Resolution, and Application,” the analog to digital converter market size was worth US$ 3.87 billion in 2022 and is projected to reach US$ 6.29 billion by 2030. The analog to digital converter market is estimated to record a CAGR of 6.3% from 2022 to 2030.
Data acquisition (DAQ) solutions aid in the measurement of voltage, current, temperature, and other parameters. They process the data for display and analysis. Advanced data acquisition systems feature network connectivity, data analysis and reporting software, and remote control and monitoring components, which are steering the demand for analog to digital converters. Environmental data collected by analog to digital converter chips is converted into discrete levels that are interpreted by processors. These discrete levels resemble the smallest measurable change in the signal. The higher the number of bits in an analog to digital converter, the greater the number of discrete levels representing an analog signal and the resolution of the analog to digital converter. The resolution is fundamentally analogous to the ticks denoted on a measuring stick. Measuring sticks with millimeter (mm) ticks have more resolution than those with centimeter (cm) ticks.
Analog to Digital Converter Market – by Region, 2022 and 2030
Analog to Digital Converter Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others), and Geography
Analog to Digital Converter Market Growth Drivers by 2030
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Source: The Insight Partners Analysis
The global analog to digital converter market growth in terms of revenues is owing to the rising demand for 5G. These converters are required for GHz bandwidth applications such as 4G/5G multiband wireless communication base stations. In terms of geography, the analog to digital converter market is classified into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America dominates the global analog to digital converter market. Telecom operators such as Verizon, T-Mobile, Telus Mobility, and América Móvil are a few of the players engaged in 5G testing, either independently or through partnerships. North American countries are considered early adopters of technologies, which makes them distinct from countries in other regions. Therefore, they experience the roll-out of advanced technologies at a high pace.
The automotive industry in North America is also booming, with autonomous driving gaining massive importance in the region. People from major North American countries are highly inclined toward self-driving vehicles, and developments in these vehicles are heavily fueled by the presence of technology hubs in the US. Analog-to-digital converters are required in many electronic components of self-driving cars.
The analog to digital converter market is segmented on the basis of type, resolution, application, and geography. Based on type, the market is categorized into integrating converters, delta-sigma converters, successive approximation converters, ramp analog to digital converters, and others. Based on resolution, the analog to digital converter market is categorized into 8-bit, 10-bit, 12-bit, 14-bit, 16-bit, and others. By application, the analog to digital converter market is segmented into industrial, consumer electronics, automotive, healthcare, telecommunication, and others. In terms of geography, the analog to digital converter market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Asahi Kasei Microdevices Corporation; Analog Devices, Inc.; Cirrus Logic, Inc.; Microchip Technology Inc.; Semiconductor Components Industries, LLC; ROHM CO., LTD.; Renesas Electronics Corporation.; STMicroelectronics; Texas Instruments Incorporated; and Teledyne Technologies Inc. are among the key players operating in the analog to digital converter market.
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