Data Converter Market

Data Converter Market Size, Trends & Growth (2022 - 2027)

There are basically two forms of data, analog and digital in the communications and process sector. Some processes require digital data while others require analog data, the converter that converts digital data to analog is called a digital-to-analog converter (ADC) and the converter that converts analog data to digital is called an analog-to-digital converter (DAC).

The global data converter market is expanding due to high demand and the integration of smart devices. A particular operating system works in a particular way and with one or the other of two types of data, analog or digital, so that whenever the data variable is changed, the data is converted, depending on the operating system.

The global data converter market is expected to grow at a CAGR of 6.1% over the forecast period 2022 - 2027. High-performance electronic systems increasingly use high-performance data converters to improve and deliver shape the market architecture and open up new application perspectives. Emerging circuit and system techniques that are at the forefront of modulator technology improve performance and give rise to new generations of data converters. Also, the current and future trend depends on old and new factors, including the global economy, technological developments, and marketing.

Recent Developments:

• IQ-Analog Corporation announced that its proprietary roaming pulse wave quantization technology enables advanced data conversion into the recently announced Layerscape® Access family of fully programmable baseband products for 5G Access Edge systems from NXP® Semiconductors.
• Cirrus Logic, Inc. (Fremont) introduced its Delta-Sigma 16-bit and 20-bit analog-to-digital converters (ADCs) with an ultra-small size 8-pin package.
• Japanese semiconductor manufacturer Renesas Electronics Corporation released the industry's best performing 14-bit 1-MSPS analog-to-digital converter (ADC) for radiation-hardened space (radduro) applications.
• Faraday Technology Corporation (TWSE: 3035), a leading ASIC design department and IP provider, today introduced its full-featured, high-speed imaging and display interface IP on the UMC 40LP and 28HPC / HPC process nodes, including MIPI D-PHY (TX / RX, controller), V-by-One HS (TX / RX, controller) and LVDS (TX / RX, I / O).
• Faraday Technology Corporation (TWSE: 3035), a leading provider of ASIC and IP design services, today introduced the Uranus ™ 55nm ultra-low power SoC development platform for IoT applications.

IMPACT OF COVID-19 ON DATA CONVERTER MARKET:

Since the Coronavirus outbreak in December 2019, the disease has spread to almost every country in the world and the WHO has declared it a public health emergency. The global impacts of the disease are already beginning to be felt and are expected to significantly affect the global data converter market in 2020. Although governments have imposed lockdowns to contain the spread of the virus, all companies have connected for their operations, which is why many organizations are adopting data conversion software to increase their customer base, which is driving growth of the market. Overall, the pandemic is expected to have a positive impact on the global market for data converters.

Drivers and Restraints of Data Converter Market:

Drivers:

The main factors driving the global data converter market are the increasing use of smart devices, mergers and acquisitions, collaborations, launches and product developments, implemented by companies operating in the data converter market. Data converters, the increasing demand for test and measurement solutions by end users, and the increasing demand for high resolution images in scientific and medical applications. Radio Frequency (RF) sampling data converters are in high demand as they allow system designers to use applications that include communication systems.

Restraints:

Latency restrictions are a key factor hampering the growth of the global data converters market. Advanced solutions perform calculations with high precision and speed, and implementation of the system-on-a-chip (SOC) is difficult due to technical limitations in manufacturing processes. The final circuit of the system will still have the latency compared to the theoretical design and will hamper performance. Also, the manufacturing sector does not use these SOCs due to the lack of knowledge about the location of the converter in smart devices.

Data Converter Market Segmentation:

By Type

• Analog-to-Digital Converters
• Digital-to-Analog Converters

Among all types of data converters, the analog-to-digital converter (ADC) market is expected to grow at the highest CAGR between 2021 and 2026. The increasing demand for high-resolution imaging has led to the adoption of ADCs, which provide flexible and conversion, as well as additional and often critical details about a data set; the demand for ADC would continue to increase competitive situations in the market, which in turn is likely to lead to further innovations in data converter.

By Sampling Rate

• High-Speed Data Converters
• General-Purpose Data Converters

The market for high-speed data converters is supposed to grow at a high rate between 2021 and 2026. The demand for high-speed data converters is expected to be driven by the evolution of wireless communication networks. For example, 5G wireless communication technology is developing rapidly and is expected to start rolling out globally in 2020. For advanced high-performance communication applications, network infrastructure manufacturers must develop a wireless solution. High speed lag, creating a demand for high speed data converters.

By Industry

• Communications
• Automotive
• Consumer Electronics
• Industrial
• Medical
• Test and Measurement

Among the various applications, the communication application accounted for the majority of the overall industry-based data converters market in 2016. The growth is attributed to the transition to a fourth-generation (4G) network, with modulation techniques Advanced and antenna to improve voice and services and data quality.

Data Converter Market Region wise analysis:

Marked Segmentation based on the region:

1. North America
   1. U.S
   2. Canada
2. Europe
   1. Norway
   2. Germany
   3. Sweden
3. Asia Pacific
   1. China
   2. India
   3. Japan
4. Latin America
   1. Brazil
   2. Mexico
   3. Argentina
5. Middle East and Africa

a. Middle East

b. Africa

North America has the largest share due to the growth of the telecommunications sectors and the use of FPGAs (Field-Programmable Gate Array), the increasing demand for A2D converters in consumer electronics for high resolution images has become an essential element that drives the market. The demand for consumer electronics in the region grew at a rate of around 2-3% in 2019 according to the Consumer Technology Association. The Asia-Pacific data converter market is expected to see substantial growth over the forecast period. Countries like China, Japan, Taiwan, and South Korea will contribute greatly to growth as it is a key manufacturing hub for smart devices, computers, and laptops. Additionally, the presence of several semiconductor companies in the region has fueled the growth of the data converters market. In recent years, China and India have seen an increase in demand for these advanced products due to the growth of 3G / 4G subscriptions.

Key Players of Market:

Key players operating in the global data converter market include Asahi Kasei Microdevices, Avia Semiconductor (Xiamen), Cirrus Logic, Datel, Faraday Technology, Intersil (Renesas), IQ-Analog, Maxim Integrated, Microchip Technology, NXP Semiconductors, On Semiconductor, Rohm, and Texas Instruments.