Special Purpose A To D Converter Market Research, 2031
The global special purpose A/D converter market was valued at $403.8 million in 2021, and is projected to reach $724.5 million by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
Analog-to-digital converters (ADCs) are one of the fundamental building blocks of modern data acquisition systems (also known as DAQ or DAS systems). The primary purpose of A/D converters in data acquisition systems is to convert a conditioned analog signal into a stream of digital data that the data acquisition system can process for display, storage, and analysis. A special purpose analog-to-digital converter (ADC) performs dedicated functions such as dual slope conversion, voltage to frequency conversion, frequency to voltage conversion, and 3½ digit binary coded decimal (BCD) and binary conversion. These devices can be combined with other functions such as driving liquid crystal displays (LCDs) and light emitting diodes (LEDs). The ADC offers 50/60 Hz noise reduction and a flexible trade-off between conversion speed and resolution within the dual slope community. As a result, these devices are well suited for a wide variety of data acquisition systems, including precision analog signal processors, sensor interfaces, precision DC measurements, computer peripheral interfaces, and portable equipment.
The special purpose A/D converter market is segmented into Resolution and Application.
Based on the resolution, the special purpose A/D converter market is divided into 8-bit, 10-bit, 12-bit, 14-bit, 16-bit, and others. The 12-bit segment is the highest revenue contributor in special purpose A/D converter market analysis.
On the basis of application, the special purpose A/D converter industry is divided into consumer electronics, IT and telecommunication, automotive, and others. The IT and telecommunication segment was the highest revenue contributor to the market during the special purpose A/D converter market forecast.
Region-wise, the special purpose A/D converter market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically China, remains a significant participant in the global special purpose A/D converter market outlook. Major organizations and government institutions in the country are intensely putting resources into this industry.
ADCs are used in digital oscilloscopes. Digital oscilloscopes are widely used in the automotive industry to troubleshoot inconsistencies and potential problems in ignition systems, solenoids, sensors, actuators, and communication data streams. The demand for oscilloscopes and ADC is being fueled by this as well as the rising adoption of connected motorcycles due to the increased focus on driver safety and the growing desire for a comfortable and safe riding experience. Apart from this, it is incorporated into medical equipment, such as MRI and x-ray, to convert analog to digital images prior to modification. As a result of the rising incidence of chronic diseases, the application of ADC in the healthcare sector is being driven by the growing demand for medical imaging techniques. In addition, it is projected that the advent of the Fourth Industrial Revolution (Industry 4.0), together with the rising trend of precision manufacturing, will spur demand for ADC in industrial automation and create lucrative growth possibilities for market competitors.
Country-wise, the U.S. acquired a prime share in the special purpose A/D converter market share in the North American region and is expected to grow at a significant CAGR during the forecast period of 2019-2031. The U.S., holds a dominant position in the special purpose A/D converter market, owing to the rise in investment by prime vendors to boost the analog to digital data conversion for consumer electronics and IT & telecom applications.
In Europe, the rest of Europe region, dominated the special purpose A/D converter market growth, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, Germany is expected to emerge as the fastest-growing country in Europe's analog to digital converter with a notable CAGR, due to advancement in the automotive industry which drives the usage of microelectronics in the country which creates special purpose A/D converter market opportunity in Germany region.
In Asia-Pacific, China is expected to emerge as a significant market for the analog to digital converter industry, owing to a significant rise in investment by prime players and government institutions. For example, for the development of technology in preparation for the initial 5G deployments, the government has awarded contracts worth approximately US$72 million to technology giants ZTE and Huawei. By 2030, China's largest telecom providers intend to invest nearly $411 billion in the introduction of 5G.
In the LAMEA region, the Latin America country garner significant market share in 2021 due to the adoption of new technologies, digital transformation and connectivity are reshaping the future of the automotive and consumer electronics industry in Latin America. Moreover, the Middle East region is expected to grow at a significant CAGR from 2022 to 2031, owing to shifts in artificial intelligence, industry 4.0, and smart technological changes in recent years, which is expected to reshape the growth of the special purpose A/D converter in the Middle East
TOP IMPACTING FACTORS
Factors such as the increase in demand for data converters for wireless communications and the rise in digitalization of various industrial sectors, impact the growth of the special purpose A/D converter market globally. In addition, a major challenge associated with using analog to digital converters is their structural complexities. With respect to flash analog to digital converters, as the use of comparators increases, circuit complexity also rises. Furthermore, Government encouragement to digitize work processes in emerging markets and continued competitive pressure to develop powerful and efficient devices are expected to provide plenty of opportunities for market growth.
COMPETITIVE ANALYSIS
The global special purpose A/D converter market is highly competitive, owing to the strong presence of existing vendors. Vendors of the special purpose A/D converter market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies adopted by key vendors increase.
KEY DEVELOPMENTS/ STRATEGIES
Adafruit Industries, Analog Devices, Inc., Cirrus Logic, Inc., Infineon Technologies AG, Microchip, NTE Electronics, Inc., NXP Semiconductor, Power Integrations, Renesas, Texas Instruments Incorporated are the key players of the special purpose A/D converter market. Top market players have adopted various strategies, such as acquisition, agreement, business development, business expansion, collaboration, product launch, innovation, and product expansion to expand their foothold in the special purpose A/D converter market.
In August 2021, Analog Devices, Inc. announced the completion of the acquisition of Maxim Integrated Products, Inc. The combination further strengthened ADI’s position as a high-performance analog semiconductor company with a trailing twelve-month revenue of over $9 billion.
In July 2020, Renesas Electronics Corporation announced the RV1S9353A optically isolated delta-sigma modulator. The RV1S9353A delivers the industry’s highest accuracy compared to other 10MHz clock output optically isolated devices. It includes a precision analog-to-digital converter with ENOB of 13.8 bits (type) for converting an analog voltage input into a digital output.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises an analytical depiction of the special purpose A/D converter market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall special purpose A/D converter market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The special purpose A/D converter market forecast is quantitatively analyzed from 2022 to 2031 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
The report includes the share of key vendors and market trends.
Special Purpose A to D Converter Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 724.5 million |
 Growth Rate | CAGR of 6.5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 341 |
 By Resolution |
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 By Application |
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 By Region |
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 Key Market Players | Microchip Technology Inc., Renesas Electronics, Power Integrations Inc., Analog Devices, Inc, Adafruit Industries, Texas Instruments Incorporated, NTE Electronics, Inc., Cirrus Logic, Inc., NXP Semiconductor, Infineon Technologies AG |
Analyst Review
The special purpose A/D converter market is expected to grow at a significant rate owing to its rapid adoption in IT & telecommunication and consumer electronics industries. The current business scenario has witnessed an increase in demand for electronic gadgets, particularly in developing regions, owing to the rising adoption of special purpose A/D converters. Companies in this industry have adopted various innovative techniques such as mergers and acquisitions to strengthen their business position in the competitive matrix.
The special purpose A/D converter market has steadily gained traction, owing to rise in demand for enhanced technologies in telecommunication across industries and integration of IoT and AI in different industrial applications, including consumer electronics, IT and telecommunication, automotive, and others.
Apart from special purpose A/D converter manufacturing companies operating in the market, service providers are also key participants and contribute toward the growth of the overall special purpose A/D converter market. Service providers use different technologies and materials to provide customized special purpose A/D converter products. Key players profiled in the report include special purpose A/D converter market players, such as Adafruit Industries, Analog Devices, Inc., Cirrus Logic, Inc., Infineon Technologies AG, Microchip, NTE Electronics, Inc., NXP Semiconductor, Power Integrations, Renesas, Texas Instruments Incorporated.
The Special Purpose A/D Converter is expected to grow at a CAGR of 6.51% from 2022-2031.
IT and Telecommunication is the leading application of Special Purpose A/D Converter Market.
Asia-Pacific is the largest regional market for Special Purpose A/D Converter.
The industry size of the Special Purpose A/D Converter is estimated to be $403.76 million in 2021.
Texas Instruments Incorporated, Analog Devices, Inc., Microchip, NXP Semiconductor, and Renesas are the top companies to hold the market share in the Special Purpose A/D Converter Market.
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