Data Converter Market Revolution: Paving the Way for High-Resolution Imaging
A thorough report titled "Data Converter Market by Type (Analog-to-Digital Converters, Digital-to-Analog Converters), Sampling Rate (High-Speed Data Converters, General-Purpose Data Converters), Application and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028" indicates that the global data converter market is expected to grow significantly. According to projections, the market size, which is now predicted to be worth USD 5.5 billion in 2023, will rise significantly to USD 7.4 billion by 2028, with a compound annual growth rate (CAGR) of 6.0% from 2023 to 2028. The increasing need for data converters—both analog-to-digital and digital-to-analog converters—across a range of applications and geographical areas worldwide is what is fueling this growth trajectory.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26991458
Numerous important variables that contribute to the growth of the Data Converter Market are the foundation of its robust expansion. One notable factor is the growing need for high-resolution photographs in scientific and medical applications. The need for data converters is increased by the increasing adoption of sophisticated and advanced systems, which are being redefined by technological breakthroughs. This pattern shows how adaptable the market is to changing technology demands, setting it up for long-term success.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=26991458
Digital-to-Analog Converters (DACS) is expected to hold the second-largest share during the forecast period
Digital-to-Analog Converters (DACs) are an essential part of many electronic devices, including computers, smartphones, and tablets. They convert digital signals into analogue signals. In particular, by transforming large amounts of digital data into analogue signals, it plays a crucial role in unlocking high-quality digital audio. As a digital sound source prior to integration into gadgets like CD or Blu-ray players, game consoles, digital TV boxes, and portable music players, DACs are crucial for contemporary products. The market for general-purpose DACs is expected to be driven by the rising demand for home entertainment systems, in-car infotainment systems, and professional audio equipment. This is due to the expanding significance of this technology in a variety of applications.
High-speed data converters to grow at a higher CAGR during the forecast period
In communications applications, a high-speed data converter is essential since it can operate at sample rates ranging from 10 MSPS to multi-GSPS. These converters show that they are capable of quickly and accurately converting analogue signals into digital formats or vice versa. It is expected that infrastructure-focused enterprises in the communications sector would strengthen their R&D departments in order to launch new devices designed specifically for high-speed communications. High-speed data converter manufacturers should find possibilities as a result of this trend, especially in applications linked to test and measurement (T&M) and communications. The market for high-speed data converters has a lot of room to grow as the telecommunications industry moves closer to deploying 5G technology on a large scale and meeting the changing demands of communication applications.
Communications application is expected to hold the largest share of the data converter market during the forecast period
One of the biggest and fastest-growing industries is communications, which means that goods need to be extremely scalable, technologically inventive, and reasonably priced. Base stations, optical communication devices, and other relevant infrastructure goods are in high demand due to the development of wireless communication networks, including 3G, 4G, and LTE. Global data converter demand is predicted to rise as 5G wireless communications technology develops quickly. Data converters are essential as the wireless industry moves from 4G to 5G infrastructure because they can handle increased spectral efficiency, greater sampling rates, and wider input bandwidth. Data converters are a crucial component of the communication system since 4G and 5G wireless networks encompass a wide range of signal bands. The need for high-speed data converters is being driven by manufacturers in the electronics and network infrastructure space who are under pressure to provide lag-free, high-speed solutions for sophisticated communication applications. The need for data converters is growing as more high-speed broadband communication devices are being adopted, especially in the wireless infrastructure market where they are used in applications like software-defined radio (SDR) and digital repeaters.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/data-converter-market-26991458.html
North America to hold the second-largest market share during the forecast period
Many manufacturers of automated testing equipment systems, including market titans like Teradyne (US) and Roos Instruments (US), are based in North America. Test and Measurement (T&M) solutions are critical to the region's end-user industries, especially the communications and industrial sectors, as they optimise the delivery of voice, data, and video services. The data converter market in North America is expected to grow significantly due in large part to the increasing need for T&M equipment. The Internet of Things (IoT) and connected solutions are finding new applications in a variety of industries thanks to continuous research and development efforts carried out at academic institutions and in business. The data converter market in North America is thriving because of the swift digitization of all sectors of the economy, the growing use of smart, connected devices, and ongoing technological developments.
The key players in this market are Texas Instruments (US), Analog Devices (US), Skyworks Solutions, Inc. (US), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Qorvo, Inc. (US), NXP Semiconductor (Netherlands), ON Semiconductor (US), Microchip Technology (US), Renesas Electronics Corporation (Japan). The players in this market have adopted various strategies to expand their global presence and increase their market shares.
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment