According to a new report, published by KBV research, The Global Data Converter Market size is expected to reach $7.2 billion by 2028, rising at a market growth of 5.8% CAGR during the forecast period.
The General-purpose Data Converters segment is showcasing a CAGR of 7.2% during (2022 - 2028). General-purpose data converters operate with a sampling rate of up to 10 MSPS. Numerous industrial, medical, and automotive uses call for these converters. When converting data from analog to digital or vice versa, these data converters guarantee output dependability and correctness. Sensing technologies are now part of the industrial process due to Industry 4.0. Manufacturers use sensors to monitor, regulate, and automate operations while increasing safety.
The Analog-to-Digital Converters (ADCs) segment acquired maximum revenue share in the Global Data Converter Market by Type in 2021 thereby, achieving a market value of $5.1 billion by 2028. Temperature, acceleration, pressure, and speed are real-world signals that ADCs can measure and convert into digital signals. The ADC creates a digital representation of the analogue input after comparing the analogue input signal to a known reference input throughout the conversion process. Many systems use an ADC with a greater resolution to prevent data loss.
The Automotive segment has shown the growth rate of 5.7% during (2022 - 2028). The wireless transceivers in the data converters enable communication with fixed networks and other vehicles. Automobile manufacturers are now producing vehicles with features like CD players, voice-activated controls, Bluetooth connections with cell phones for easier communication, and radar distance control in front of the vehicle. Due to the widespread usage of data converters in the automobile industry for these applications, these most recent technologies have fueled market expansion.
The Asia Pacific market dominated the Global Data Converter Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.8 billion by 2028. The Europe market is exhibiting a CAGR of 5.5% during (2022 - 2028). Additionally, The North America market would display a CAGR of 5.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/data-converter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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