Data converters are essential electronic components used to convert signals between analog and digital formats, enabling seamless communication between digital processing systems and real-world analog signals. These devices are fundamental in various industries, ensuring accurate data representation, signal integrity and efficient processing.
The data converter market consists of sales, by entities (organizations, sole traders, or partnerships), of data converters that are used in various electronic circuits and systems, either as standalone components or embedded within integrated circuits (ICs). They are commonly found in microcontrollers, sensors, communication devices and medical imaging equipment. The production of data converters involves semiconductor fabrication processes, where integrated circuits are designed and manufactured using advanced lithography and wafer processing techniques. The manufacturing process requires high precision to ensure minimal signal distortion and noise interference.
The global data converter market was valued at $3,725.19 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Strong Economic Growth In Emerging Markets
During the historic period, strong economic growth in emerging markets supported the data converter market. As these economies rapidly grow, there is a rising demand for consumer electronics, automotive innovation, industrial automation and telecommunications infrastructure, all of which require high-performance data converters. For example, the expansion of 5G networks, smart grid systems and automotive electronics in emerging markets has driven the need for precise and efficient data conversion. According to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, in Brazil, gross domestic product (GDP) growth rate in 2022 was 2.90%, representing a change of $53.6 billion over 2021. Further, in India, GDP growth rate in 2022 was 7.00%, representing a change of $193.4 billion over 2021. Therefore, strong economic growth in emerging markets drove the data converter market.
High-Performance Ethernet Streaming For Avionics Data Conversion
Companies operating in the data converter market are focusing on high-performance Ethernet streaming for avionics data conversion. Ethernet streaming offers a reliable, scalable solution for transmitting large volumes of data across aircraft systems, which is crucial for processing sensor data, radar inputs and video feeds. Data converters, including high-speed analog-to-digital converters (ADCs) and digital-to-analog converters (DACs), are essential for transforming signals from various avionics components into digital data that can be efficiently transmitted over Ethernet networks. For instance, in June 2024, Astronics Corporation, an aerospace electronics corporation, introduced the Ballard NG1 Series Avionics I/O Converter, designed for rugged military use. This device simplifies the conversion and streaming of avionics data over Ethernet, making it suitable for distributed control and remote I/O applications. It features a compact design that meets military standards for durability and is capable of running custom application software. The NG1 features a rugged, low-SWaP (Size, Weight and Power) enclosure that meets military requirements for shock, vibration, temperature, humidity and pressure. It comes pre-validated with comprehensive MIL-STD-810/MIL-STD-704/DO-160 testing for rapid deployment.
The global data converter market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 34.52% of the total market in 2023.
Data Converter Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global data converter market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for data converter? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The data converter market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider data converter market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by sampling rate, by rate type, by power consumption and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the data converter market.
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by sampling rate, by rate type, by power consumption and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations This section includes recommendations for data converter providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Analog-To-Digital Converters; Digital-To-Analog Converters
- 2) By Sampling Rate: High-Speed Data Converters; General-Purpose Data Converters
- 3) By Application: Communications; Automotive; Consumer Electronics; Industrial Process Control; Automation; Medical; Testing And Measurement; Other Applications
- 4) By Rate Type: Upto 5Gsps; 5Gsps to 200Gsps
- 5) By Power Consumption: Low (<100 Mw); Medium (100 Mw-1 W); High (>1 W)
- Companies Mentioned: Analog Devices, Inc.; Texas Instruments Incorporated; STMicroelectronics NV; Infineon Technologies AG; Microchip Technology Inc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; data converter indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.