Global Data Converters Market | Application ,Business Share ,Competitive Landscape, Application and Growth Rate Report

Global Data Converters Market

The global Data converters market was valued at USD3,871.7 million in 2019 and is expected to reach USD 7,310.8 million by 2027, growing at a CAGR of 8.47% from 2020 to 2027.

The Communication application segment is estimated to be the highest share of the Data converters market in 2019. The telecommunication industry is seeing an upsurge in investments to meet the increasing need for high-speed internet from consumers & enterprises and mounting data consumption. Data center operators and telecommunication service providers are heavily investing their capital in setting up network infrastructure and data centers as converters are the important components of the manufactured products, fostering the market growth for data converters.

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Market Drivers: Increasing adoption of technologically advanced data acquisition system

• Rising adoption of technologically advanced data acquisition (DAQ) system is projected to spur the market growth of data converters. From modern engineering processes to research work, the high rates of programmed data in various signals forced data acquisition systems to progress.
• The industry is sprouting towards a unique trend of having an amalgamation of flexible hardware and modular software, where these innovative modular systems have proper analog-to-digital conversion and signal conditioning, with numerous interfacing sensors that benefit various data acquisition requirements.
• Ina addition, the traditional approach for performing definite advanced data acquisitiontasks is not practicable considering present day requirements. Thus, a market tends towards more software-defined approach to advanced data acquisition, as well as the development of high-speed Universal Serial Bus (USB)-enabled advanced data acquisitions.
• The DAQ solutions support in measuring current, voltage, temperature, and other parameters. It processes the information for analysis and display. Moreover, technological advancements in the DAQ arena including the data analysis & reporting software, inclusion of network connectivity, and remote control & monitoring options are pushing the market demand for data converters market growth during the analysis period.

Market Challenges: Limitations of data converters on latency

• A key factor hindering the data converter market growth is the limitations on latency.
• Advanced solutions carry out computing at high speed and precision and it is problematic to implement the SOC (System on Chips)owing to the technical restrictions in the manufacturing processes.
• Also, the final circuit of the system will constantly have the latency in contrast to the theoretic design and will restrict the performance.
•  Besides, the manufacturing sector is not using these Systems on Chips due to the dearth of knowledge regarding the placement of converter in smart devices.

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Market Opportunity: Potential Use of Data Converters in Developing Advanced 5g Infrastructure

• Telecommunication infrastructure is stimulating the market growth owing to the advent of 4G communication and some part of 5G communication.
• Operators of wireless infrastructure, particularly 4G and 5G, are continually decreasing the cost and size of recently introduced wireless infrastructure while adhering to essential standards of functionality, performance, and quality of service.
• The data transformation block is a significant function in radio infrastructure designs, and the digital converter is the fundamental block that digitizes the incoming intermediate frequency signal and then transfers the digital data to the digital down converter.
• Moreover, in March 2020, Renesas Electronics Company launched a next-generation wideband mm wave synthesizer with the most distinguished performance and unprecedented set of characteristics optimizing for 5G and broadband wireless applications.
• The company’s flagship device 8V97003 is absolute for a precision reference clock for the high-speed data converter in multiple applications such as data acquisition, tests and measurements, and many more. This product maximizes system performance by increasing spurious-free-dynamic-range through a reference clock for high-speed data converters

COVID-19 Impact Analysis

• The industry is expected to experience the impact of the coronavirus (COVID-19) pandemic from every direction. Just as supply chains are being interrupted by epidemics invarious regions, demand may fall owing to ambiguity in the global economy and capital markets. Workforces are facing the risk of infection & governments are beginning to enact restrictions on movement — and both add an unpredictable dimension to the crisis.

Market Segmentation

Depending upon the type, business is categorized into type such as Analog-To-Digital Converter (ADC) and Digital-To-Analog Converter (DAC). Among all, the global Digital-To-Analog Converter (DAC) market is expected to witness the largest market share over the forecast period.

On the basis of converter type market is segmented into High Speed D/A Converters, and High Speed A/D Converters. In terms of sampling rate, the market is categorized into High-Speed Data Converters, and General Purpose Data Converters.

In terms of rate type market is segmented into 1Gsps to 5Gsps, and 5Gsps to 20Gsps, by resolution market is segmented into 10 bit resolutions, 12 bit resolutions, and 14 bit resolutions.

In terms of application, the worldwide industry is categorized into Aerospace, Defense, Automotive, Communication, Test and Measurement, Consumer Electronics and Medical.

On the basis of region market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Regional Analysis

North America Data converters market is estimated to grow from US$ 282.97 million in 2019 to US$ 465.93 million by 2027, at a CAGR of 6.35% over the forecast period.

North America is occupied the lion’s share due to market growth in telecommunication sectors and the use of Field-Programmable Gate Array (FPGA) to increase the demand of analogue-to-digital converter in consumer electronics for high-resolution images has become an indispensable part which encourages the data converters market growth. The need for consumer electronics in North America increased at a rate of 3 to 4 % in 2019, according to the reports published by the Consumer Technology Association (CTA).

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