PUBLISHER: Lucintel | PRODUCT CODE: 1356435
PUBLISHER: Lucintel | PRODUCT CODE: 1356435
The future of the global data converter market looks promising with opportunities in the communications, consumer electronics, industrial, medical, test & measurement, and automotive markets. The global data converter market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are Increasing end user demand for T&M solutions, Increasing demand for high resolution images in science and medicine ,and Adoption of high-tech data acquisition systems is on the rise.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global data converter market by end use industry, type, sampling rate, and region.
Data Converter Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Data Converter Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Data Converter Market by Sampling Rate [Shipment Analysis by Value from 2018 to 2030]:
Data Converter Market by Region [Shipment Analysis by Value from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies power electronics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power electronics companies profiled in this report include-
Lucintel forecast that medical applicationis expected to witness highest growth over the forecast period due to the need for personalized, user-friendly, and cutting-edge medical devices is growing.
Within this market, Analog-to-Digital Converters (ADCs) will remain the largest segment due to increase in adoption of industrial DAQ and medical devices, including cardiac monitors, hemodynamic monitors, respiratory monitors, multi-parameter monitors, digital thermometers, endoscopes, and ophthalmoscopes.
APAC is expected to witness highest growth over the forecast period due to Industrial digitization, IoT adoption, and connected device penetration in this region.
Market Size Estimates: Data Converter Market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Data Converter Market size by end use industry, type,sampling rate and region in terms of value ($B).
Regional Analysis: Data Converter Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, material, end use industry, product, end use industry Data Converter Market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the Data Converter Market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1. What is the Data Converter Market size?
Answer: the global data converter market is expected to reach an estimated $7.9 billion by 2030.
Q.2. What is the growth forecast for Data Converter Market?
Answer: the global data converter market is expected to grow with a cagr of 5.8% from 2024 to 2030
Q.3. What are the major drivers influencing the growth of the Data Converter Market?
Answer: the major drivers for this market are increasing end user demand for t&m solutions increasing demand for high resolution images in science and medicine adoption of high-tech data acquisition systems is on the rise
Q.4. What are the major segments for Data Converter Market?
Answer: the future of the data converter market looks promising with opportunities in the communications, consumer electronics, industrial, medical, test & measurement, and automotivemarkets.
Q.5. Who are the key Data Converter Market companies?
Answer: some of the key power electronics companies are as follows:
Q.6. Which Data Converter Market segment will be the largest in future?
Answer: lucintel forecast that medical applicationis expected to witness highest growth over the forecast period due to the need for personalized, user-friendly, and cutting-edge medical devices is growing.
Q.7. In Data Converter Market, which region is expected to be the largest in next 5 years?
Answer: apac is expected to witness highest growth over the forecast period due to industrial digitization, iot adoption, and connected device penetration in this region.
Q.8. Do we receive customization in this report?
Answer: yes, lucintel provides 10% customization without any additional cost.