December 11, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Analog-to-Digital Converter Market to 2027 - Global Analysis and Forecasts by Product Type (Integrating ADC, Delta- Sigma ADC, Successive Approximation ADC, Ramp ADC, Others); Resolution (8-bit, 10-bit, 12-bit, 14-bit, 16-bit, Others); Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, Others)’, the worldwide analog-to-digital converter market is anticipated to amass US $4.09 billion by the year 2027.
Analog-to-digital or A/D converter market is growing due to increasing demand for energy effective network infrastructure for communication to attain network efficiency. Constant developments in automotive industry and global deployment of 5G will further boost the growth of A/D converter market. Moreover, government support, digitalization, and rapid economic development, and widespread adoption of IoT-based applications are presumed to propel the market demand.
As per the research, analog-to-digital converter market was worth US $2.3 billion in 2018 and is anticipated to grow with a CAGR of 6.7% through the year 2027, hence reaching US $4.09 billion.
The worldwide A/D converter market is analyzed on the basis of type, application, and regional landscape. Based on type, the industry is segmented as successive approximation ADC, integrating ADC, ramp ADC, delta-sigma ADC, and others. While speaking of application spectrum, the market is fragmented as telecommunication, industrial, healthcare, automotive, consumer electronics, and others.
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Considering the regional landscape, the global A/D converter market is bifurcated into regions namely North America, Asia Pacific, South America, Europe, and Middle East & Africa. The report cites that North America is expected to mark its dominance in analog-to-digital converter market in over the forecast period, owing to leading R&D developments, positive economy and business environment, and operator investment in fiber and LTE networks upgrades.
The prominent companies operating in analog-to-digital converter market include Maxim Integrated Inc., Analog devices Inc., Cirrus Logic Inc., Texas Instruments Incorporated, STMicroelectronics N.V., Semiconductor Components Industries, LLC, ROHM Semiconductor, Renesas Electronics Corp., Microchip Technology, Inc., and Asahi Kasei Corp. among others.
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