The data converter market is expected to grow from USD 3.52 Billion in 2017 to USD 5.08 Billion by 2023, at a CAGR of 6.3% between 2017 and 2023.
- Advertising -
According to the new market research report "Data Converter Market by Type (Analog-to-Digital Converter and Digital-to-Analog Converter), Sampling Rate (High-Speed Data Converter and General-Purpose Data Converter), Application, and Region - Global Forecast to 2023", the data converter market is expected to grow from USD 3.52 Billion in 2017 to USD 5.08 Billion by 2023, at a CAGR of 6.3%. The factors that are driving the growth of this market are the rising demand for test and measurement solutions by end users and growing demand for high-resolution images in scientific and medical applications.
Browse 64 Market Data Tables and 47 Figures spread through 127 Pages and in-depth TOC on "Data Converter Market - Global Forecast to 2023"
“Data converter market for ADCs expected to grow at the highest rate during the forecast period”
The market for analog-to-digital converters (ADCs) is expected to grow at the highest CAGR between 2017 and 2023.
- Advertising -
The growing adoption of industrial data acquisition (DAQ) systems and medical devices such as cardiac monitors, hemodynamic monitors, respiratory monitors, multi-parameters monitors, digital thermometers, endoscopes, and ophthalmoscopes are likely to drive the market for ADCs.
Access report @ www.marketsandmarkets.com/pdfdownload.asp?id=26991458
“The data converter market for the communications application to grow at a high rate between 2017 and 2023”
Among various applications, the communications application accounted for the highest CAGR of the overall data converter market between 2017 and 2023. The evolution of wireless communication networks, such as 3G, 4G, and long-term evolution (LTE), has resulted in the growth of base stations, optical communication devices, and other communications-based infrastructural products.
With all this development in the communications application, the demand for data converters would also rise.
“The Asia Pacific expected to lead the data converter market between 2017 and 2023”
The Asia Pacific is expected to hold the largest size of the data converter market during the forecast period. This growth is mainly attributed to the increasing demand for communications systems and consumer equipment in China, Japan, and India.
Furthermore, the growing adoption of industrial automation in the APAC would enable the requirement of data converters integrated into sensor-based systems.
Make an Inquiry @ www.marketsandmarkets.com/Enquiry_…g.asp?id=26991458
The major players operating in the data converter market are Analog Devices (US), Texas Instruments (US), Maxim Integrated (US), Cirrus Logic (US), Microchip Technology (US), Intersil (Renesas) (US), DATEL (US), Asahi Kasei Microdevices (US), Avia Semiconductor (Xiamen) (China), IQ-Analog (US).
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
For more information: