The North America Data Converter Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
The market is driven by the rising usage of technologically sophisticated data-collecting systems. Due to the high rates of encoded information in numerous signals, data acquisition (DAQ) systems had to change from research tools to cutting-edge engineering procedures. As a result, the market is heading toward a trend combining modular hardware and flexible software.
These more recent modular systems have suitable signal conditioning or analog-to-digital conversion (ADC) with various interfacing sensors that support various data acquisition requirements. The most problematic area that medical imaging presents to electronics design in terms of necessary dynamic range, accuracy, resolution, linearity, and noise is with data converters.
To produce crisper, sharper images, the ADC (analog to digital) must have a high resolution of at least 24 bits and a quick sampling rate to digitize detector readings, which in a CT (computed tomography) solution can be as brief as 100 s. In addition, the ADC sampling rate must also be sufficient to leverage multiplexing and reduce the number of converters needed, as well as the size and power of the complete system.
The 3DEP program of the United States Geological Survey makes use of LiDAR technology for mapping tasks. For example, the National Map's 3DEP program, which stands for 3D Elevation Program, uses LiDAR mapping to produce elevation maps of the highest caliber for the whole nation, such as the contiguous United States, U.S. territories, and Hawaii. Another notable instance of the usage of LiDAR in the Denver region is the security preparations for the Democratic National Convention. In cooperation with many member states, the U.S. Geological Survey is now collecting LiDAR data for the National Geospatial-Intelligence Agency (NGA). The NGA used LiDAR to identify line-of-sight and other tactical vantage points as they prepared their surveillance and response strategies to ensure that everyone attending the event was secure.
The US market dominated the North America Data Converter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,494.7 million by 2028. The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.6% during (2022 - 2028).
Based on Sampling Rate, the market is segmented into High-speed Data Converters and General-purpose Data Converters. Based on Type, the market is segmented into Analog-to-Digital Converters (ADCs) and Digital-to-Analog Converters (DACs). Based on Application, the market is segmented into Communications, Consumer Electronics, Industrial, Medical, Test & Measurement and Automotive. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Data Converter Market is Predict to reach $7.2 billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., NXP Semiconductors N.V., Texas Instruments, Inc., ON Semiconductor Corporation, Rohm Co., Ltd., Skyworks Solutions, Inc., Infineon Technologies AG, Microchip Technology Incorporated, Qorvo, Inc., and Renesas Electronics Corporation.
By Sampling Rate
By Type
By Application
By Country
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