The global analog to digital converter market is poised to scale greater heights in this decade. As the name suggests, analog to digital converters (ADCs) help transform analog inputs such as light picked up by a camera or a soundwave by a microphone into a digital signal.
ADCs have gained tremendous traction over the years, and are now used in a variety of industries, including instrumentation, sensory-based systems, measurement and control systems, and communication systems.
The use of ADCs is rapidly increasing as industries attempt to streamline their processes through digitization and gain efficiency. This has given all industries a significant competitive advantage.
The volume of global trade of various goods and services is increasing exponentially as the world becomes increasingly interconnected. In light of this, industries have been pushed to expand their productive capacity, resulting in an increase in ADC use. The global analogue to digital converter market is expected to grow rapidly based on these factors.
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Pipelined ADCs to account for Significant Share in the Global ADC Market
Amongst all type, the pipelined ADCs are anticipated to constitute a substantial amount of the revenue pie until 2030. Growth is primarily being driven by extensive applications across 4G and 5G devices for providing superior data and services quality. The segment accounted for one-third market share in 2019.
As the industrial internet of things (IIoT) gradually takes over the entire manufacturing process, demand for fast data processing, accurate decision intelligence and large communication channels bandwidth have acquired critical precedence. Functional ADCs help achieve all these things by providing optimum speed, size, power, and resolution across machines, thus accelerating processes.
Telecommunications to Remain Principal Application Area, Usage to Accelerate in Automotive Sector
ADCs are experiencing immense fertile growth across the telecommunications sector. As the world hurtles towards rapid inter-connectedness, people demand faster and more efficient means of connectivity.
The advent of artificial intelligence has spurred deployment of 4G/5G data transmission systems, which extensively utilize data converters. The need for ensuring swift and prompt connectivity is driving market growth in the telecommunications sector.
The automotive industry is up-scaling the adoption of ADCs to ensure the functionality, reliability and safety of a variety of functions. A major application has been recorded in the automotive driver assistance systems (ADAS) and in wireless trans-receivers for communicating with other vehicles.
Additionally, ADCs are also used in child seat detection, remote keyless entry, immobilizers, passive keyless entry and tire pressure monitoring systems.
Analog To Digital Converter Market – Regional Insights
Based on the regional profiles, the analog to digital converter market has been segmented into: North America, Latin America, Asia-Pacific excluding Japan, Western Europe, Eastern Europe, Japan and Middle East & Africa (MEA). Amongst all regions, North America shall emerge as a key revenue generating region, expanding at steady CAGR.
Rising government initiatives to streamline manufacturing and production processes is prompting industry leaders to opt for ADC enabled devices, providing significant impetus to the market.
In addition, rising disposable incomes has accelerated investment in consumer electronics, an important end-use industry utilizing ADCs. Also, rapid penetration of 5G technologies shall accelerate uptake of ADCs in smartphones, tablets other connected devices.
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COVID-19’s Impact on the Analog to Digital Converter Market
The advent of the COVID-19 pandemic has ushered in a major degree of ambiguity in the global economy. Being extremely contagious, the pandemic has forced nations worldwide to impose tough lockdowns to enforce social distancing.
As a result, manufacturing industries have either reduced their operations or completely shut down production units, leading to restricted output and consequently lower revenue and profits.
The analog to digital converter market is anticipated to register a southward trend across the construction and automotive industrial verticals. Efforts to curb the pandemic have compelled countries to implement emergency protocols, including suspension of all construction and production activities.
As the number of on-site projects dwindle, uptake of analog to digital converters in the various stages of the production process has fallen. Moreover, declining revenue shares are rendering companies unable to invest money in enhancing processes.
Analog To Digital Converter Market – Competitive Landscape
The global analog to digital converter market is highly competitive, characterized by the presence of a plethora of vendors. These include, but are not limited to,
- Texas Instruments Incorporated
- ST Microelectronics
- Renesas Electronics Corporation
- Rohm Co, Ltd.
- Cirrus Logic Inc.
- Microchip Technology Inc.
- Analog Devices Inc.
- Diligent Inc.,
- National Instruments
- Sony Corporation
- Adafruit Industries.
Region/Country
- North America (U.S & Canada)
- Latin America (Mexico, Brazil & Rest of LATAM)
- Western Europe (EU-5, Nordic Countries, BENELUX, Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East & Africa (GCC, South Africa & Rest of MEA)
Analog To Digital Converter Market – Prominent Players
- Texas Instruments Incorporated
- ST Microelectronics
- Renesas Electronics Corporation
- ON Semiconductor Corporation
- Maxim Integrated, Inc.
- Asahi Kasei Microdevices Corporation
- Rohm Co., Ltd.
- Cirrus Logic Inc.
Analog To Digital Converter Market – Segmental Analysis
By Application
- Industrial
- Consumer Electronics
- Telecommunications
- Healthcare
- Automotive
- Others
By Product Type
- Delta-Sigma ADC
- Integrating ADC
- Ramp ADC
- Pipelined ADC
- Successive Approximation ADC
- Flash ADC
By Resolution
- 8-bit
- 10-bit
- 12-bit
- 14-bit
- 16-bit
- Others
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The post Demand And Growth for Analog to Digital Converter Market by Countries | North America (U.S & Canada), Latin America (Mexico, Brazil & Rest of LATAM) appeared first on Future Market Insights.
