In 2022, the market for analogue to digital converters will likely be worth US$3,375.3 Million. By the end of 2032, it is anticipated that total sales of analogue to digital converters would have reached about US$ 5,762.2 Million, growing at a strong CAGR of 5.5% between 2022 and 2032.
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.
Over the years, ADCs have been gaining significant ground, being utilized across several industries, including instrumentation, sensory-based systems, measurement and control systems and communication systems.
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As industries strive towards streamlining their operations through digitization and achieve efficiency, usage of ADCs is phenomenally rising. This has provided all industries with a massive productive edge.
As the world becomes increasingly interconnected, the volume of global trade of several goods and services is rising exponentially. Against this backdrop, industries have been compelled to augment their productive capabilities, thus increasing adoption of ADCs. Based on these trends, the global analog to digital converter market is slated to enjoy a steep upward curve.
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.
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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.
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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
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.
Key Segments Covered in the Analog to Digital Converter Industry Report
Analog to Digital Converter Market by Product Type:
- Delta-Sigma ADC
- Integrating ADC
- Ramp ADC
- Pipelined ADC
- Successive Approximation ADC
- Flash ADC
Analog to Digital Converter Market by Application:
- Analog to Digital Converters for Industrial Applications
- Analog to Digital Converters for Consumer Electronics
- Analog to Digital Converters for Telecommunications
- Analog to Digital Converters for Healthcare
- Analog to Digital Converters for Automotive
- Analog to Digital Converters for Other Applications
Analog to Digital Converter Market by Region:
- North America Analog to Digital Converter Market
- Latin America Analog to Digital Converter Market
- Europe Analog to Digital Converter Market
- Asia Pacific Analog to Digital Converter Market
- Middle East and Africa Analog to Digital Converter Market
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