Special Function Data Convertors Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

COVID-19 impact analysis

The COVID-19 pandemic has a significant international impact on supply-demand in the semiconductor industry when compared to domestic demand. ICs, resistors, capacitors, and other components are required for the development of a data converter. With the disruption in the distribution channel, the data converter market is expected to grow slowly. However, many central and local governments have recognized the strategic importance of the semiconductor industry and have prioritized the continued operation of their domestic companies and suppliers in the midst of mandated business closures. As government of different provinces have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Special Function Data Convertors market opportunity globally.

Top impacting factors

The market is being driven by the increasing adoption of technologically advanced data acquisition systems. The high rates of encoded information in multiple signals forced data acquisition (DAQ) systems to evolve from research work to modern engineering processes. The industry is moving toward a trend of modular hardware and flexible software, with newer modular systems having appropriate signal conditioning and analog-to-digital conversion (ADC) as well as various interfacing sensors that support multiple data acquisition requirements. Given today's requirements, the traditional approach to performing specific DAQ tasks is no longer viable. As a result, the market is shifting toward a more software-defined approach to DAQ, as well as the appearance of high-speed USB-enabled DAQs. Furthermore, the market is being driven by the growing demand for high-resolution images in scientific and medical applications. In terms of required dynamic range, resolution, accuracy, linearity, and noise, the data converter is one of the most demanding challenges imposed by medical imaging on electronics design. To achieve better and sharper images, the ADC (analogue to digital) must have a high resolution of at least 24 bits, as well as a fast-sampling rate to digitize detector readings that can be as short as 100 s in CT (Computed Tomography) solutions. The sampling rate of the ADC must also allow for multiplexing, which would allow for the use of fewer converters as well as a reduction in the size and power of the converter. Furthermore, the development of low-power consumption data converters poses a challenge to the market's growth. One of the primary design constraints in today's integrated circuits is power consumption. The conversion of low-frequency bioelectric signals requires an ultra-low-power operation rather than high speed. This combined with the required conversion accuracy makes designing such ADCs a significant challenge.

Market trends

New product launches to flourish the market

Analog Devices, Inc. (ADI), an American multinational semiconductor company specializing in data conversion, signal processing, announced a mixed-signal front-end (MxFE) RF data converter platform that combines high-performance analogue and digital signal processing for a variety of wireless equipment, including 4G LTE and 5G millimeter-wave (mmWave) radios. Its purpose is to help customers develop faster by providing reference RF signal chains, software architectures, power supply designs, and application example code. ADI also introduced a digitizing card to supplement the platform and facilitate system-level calibration algorithms and power-up phase determinism demonstrations.

Surge in usage in telecommunication sector

Because of the introduction of 4G communication and some aspects of 5G communication, telecommunication infrastructure is stimulating the market growth. Manufacturers of wireless infrastructure, particularly 4G and 5G, are constantly reducing the size and cost of newly installed wireless infrastructure while maintaining high performance, functionality, and service quality standards. In wireless infrastructure designs, the data conversion block is critical, and the analog-to-digital converter (ADC) is the key block that digitizes the incoming intermediate frequency (IF) signal and then passes the digital data to the digital downconverter. The 5G solution's high bandwidth requirements can be met by shifting frequency translation and filtering from the analogue to digital domains. Analog Devices' AD9081/AD9082 mixed-signal RF converters are two RF converters that are part of this digitization wave. They have been designed to install multi-band radios in the same footprint as single-band radios, allowing for a three-fold increase in call capacity over today's 4G LTE base stations. Furthermore, for a 5G solution to support small antenna deployments, the radio architecture core must be tightly integrated. One solution is to use multi-Giga sample ADCs and DACs in conjunction with a System-on-Chip (SoC). This approach enables the performance of embedded system design and to address the increased operating bandwidth requirements, wherein several data converters implement interfaces using JESD204B.

Key benefits of the report

• This study presents the analytical depiction of the special function data convertors market size along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the special function data convertors market share.
• The current market is quantitatively analyzed to highlight special function data convertors market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Special Function Data Convertors Industry. 
• The report provides a detailed special function data convertors market analysis based on competitive intensity and how the competition will take shape in coming years.
• The current Special Function Data Convertors market forecast is quantitatively analyzed to benchmark the financial competency.

Questions answered in special function data convertors market research report

• What are the leading market players active in the special function data convertors market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future would help in taking further strategic steps?
  • Upcoming report specific FAQs examples:  
    • Which niches should companies associated with recent improvements establish a presence in?
    • What are the key benefits of the special function data convertors market report?
    • Which technologies combine to make special function data convertors a critical organizational asset?
    • What does special function data convertors allow organizations to achieve?
    • What are special function data convertors?