The growth of the telecommunications sector, accompanied by the growth of the automotive sector and technological advances, is driving the growth of the data converter market.
global Data converter market It is estimated to reach $ 5.1 billion by 2026 and will grow at a CAGR of 5.4% from 2021 to 2026. Data converters convert voltage values between two different domains: continuously changing analog and discrete digital signals. Increasing adoption of technologically advanced data acquisition systems and demand for high-resolution images in scientific and medical applications are driving market growth.
In addition, the evolution of wireless communication networks and connected devices, such as 5G wireless communication networks, has also helped the market grow. Demand for improved voice and data services, data acquisition systems, and quality due to 4th generation networks with advanced modulation and antenna technology. For these reasons, the demand for data converters is likely to be high as they provide flexible and accurate conversions along with important details about the dataset.
Data Converter Market Segment Analysis-By Type
Depending on the type, the market is divided into analog-to-digital converters and digital-to-analog converters. Analog-to-digital converters will grow significantly by 6.6% throughout the market forecast period 2021-2026 due to the growth of connected devices and appliances, and the growth of the medical sector in which these analog-to-digital converters and data acquisition systems are used. I am witnessing. Medical equipment used in scientific equipment. According to Intelligence Node, the number of smartphone users in the United States exceeded 260 million in April 2020, and smartphone shipments reached $ 161 million in 2019. Players such as 2 Movistar and Digitel are planning to invest as competition intensifies to improve networks and reach new technologies and expand capabilities. These investments give analog-to-digital converters the opportunity to grow in the market, ensuring good communication.
Data Converter Market Segment Analysis-By Industry
The Industrial Vertical segment categorizes the market into aerospace and defense, automotive, telecommunications, consumer electronics, industry, medical, testing and measurement, and more. The telecommunications sector will dominate the market with a 19.2% share in 2020 due to its widespread use of data converters for wireless communications and its use in smartphones and other electronic devices. Fixed wireless broadband is increasingly being adopted because it uses base stations to transfer signals between buildings. It’s like satellite communication. Fixed wireless broadband has lower latency and is faster than 4G cellular networks. Because of these advantages, it is mainly preferred for public security purposes. Fixed wireless broadband connects fiber optics, cables, or DSL Internet between two fixed locations via wireless and receiver. Due to its high speed and very high bandwidth, this technology has been adopted worldwide and is driving the growth of the market. Advanced broadband technologies such as 3G, 4G and 5G provide incentives for the successful user sector of optical cables, ensuring better penetration and reliable data. As the demand for electronic warfare systems, radar, and other such solutions drives the data converter market, the aerospace and defense segments are also showing increasing growth.
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Data Converter Market Segment Analysis-By Geographical Conditions
According to geography, the data converter market will be dominated by North America in 2020 with a market share of 37.5%. North America dominates the market with growth in the telecommunications, consumer electronics and automotive sectors. In the United States, consumers are increasingly concerned about the long-term growth of human wealth. This factor has reduced living densities and increased the number of households, leading to demand for connected devices and appliances as consumers use smartphones, TVs and personal computers. These electronic devices require a good internet connection. The high demand for household appliances is driving the growth of the market in the region. Devices connected to the IoT are widely used in the Canadian market because the use of this technology has made it much easier to track and monitor critical assets. In addition, connected sensors that transmit the position of the vehicle are used to track the condition of machines and containers. All of these applications are run using active optical cables, which are responsible for maximum data transmission. These factors are driving the growth of the market.
The driving force of the data converter market
Growth of the telecommunications industry
The UK Government provided $ 5 billion in rural areas in 2020. This investment is to strengthen communications channels in rural areas of the United Kingdom. In addition, by using electronic devices such as smartphones and tablets for a long time, we are using the high-speed Internet along with local area networks and wide area networks. These networks use data acquisition systems and converters to improve the transmission of audio and video communications over long distances and high bandwidth. Further growth in the telecommunications sector, consumer electronics, aerospace and industrial sectors is expected to boost market growth during the forecast period.
Growth of the automobile industry due to technological progress
Since the data converter consists of a wireless transceiver, it can communicate with fixed networks and other vehicles. Some car giants are looking to expand their business in the country. For example, General Motors and its suppliers will invest a total of $ 500 million in Argentina’s operations by 2019 to prepare for the production of high-end self-driving cars by 2020. Innovation and funding in the automotive industry has led to the manufacture of automobiles. The front of the car is equipped with radar distance control, voice activation control, and a Bluetooth connection between a smartphone and a CD player that facilitates communication. These state-of-the-art technologies are driving market growth due to the widespread use of data converters for these applications in the automotive industry. In addition, Fiat Chrysler will invest $ 500 million in its Argentine plant to produce advanced vehicles. These production investments in the automotive sector provide opportunities for data converters during the forecast period.
Data Converter Market: Challenges
Challenges associated with complex data converter integration
Data converters are finding applications in major industrial sectors, but integrating RF data converters into FPGAs and system-on-chip is a complex task. Using FPGAs and system-on-chip on smart devices requires a lot of knowledge. These factors are hindering market growth.
Data converter market outlook
The data converter market is dominated by leading companies such as Analog Devices, Inc., Microchip, Inc., Maxim Integrated, Texas Instruments, Avia Semiconductor, DATEL, Asahi Kasei MicroDevices, IQ-Analog, Cirrus and Renesas Corporation.
Acquisition / Technology Announcement
June 2019-Analog Devices, Inc. Announced a platform that helps combine high-performance analog and digital signal processing for a variety of wireless devices, such as 4G LTE and 5G millimeter-wave (mmWave) radios.Platform is mixed signal front end RF data converter
The growth of the telecommunications sector, accompanied by the growth of the automotive sector and technological advances, is driving the growth of the market.
Analog-to-digital converters are growing significantly in the market with a wide range of applications in oscilloscopes, scientific instruments, smartphones and other electronic devices.
In North America, the rise of the IT and telecommunications sectors is driving market growth with the development of wireless networks, image processing, network signal processing and more.
A. Analog-to-digital converter market
B. Analog integrated circuit market
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Data converter market size estimated to reach $ 5.1 billion by 2026
Source link Data converter market size estimated to reach $ 5.1 billion by 2026