This factor in the manufacturing sector is expected to embrace technological advancements to enhance the plant productivity, maintain process flow with varying customer demands, and gain competitive edge over competitors. The industrial markets witness a unique demand for ADC solutions.
The growing influence of IoT and AI have propelled the demand for smart servers and devices leading to the requirement of higher transfer speed and computing power. The industrial application holds a significant share in the market, whereas automotive is expected to be the fastest-growing application during the forecast period. The analog-to-digital converter market by application is segmented into industrial, consumer electronics, automotive, healthcare, telecommunication, and others.
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Get sample PDF copy at: Key Players : The major players operating in the market for analog-to-digital converter market are Asahi Kasei Microdevices Corporation, Analog Devices Inc., Cirrus Logic Inc., Maxim Integrated, Inc., Microchip Technology Inc., ON Semiconductor Corporation, Rohm Co., Ltd., Renesas Electronics Corporation, STMicroelectronics, and Texas Instruments Incorporated among others. Pertaining to the consumers' demand and attraction toward smart and fully-autonomous cars, the market of ADC is surrounded with huge opportunities. This has led the automobile manufacturers to continuously focus on innovating, designing and developing autonomous cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. The automakers globally are observing substantial demand for smart devices in their vehicles. Moreover, the global analog-to-digital converter market is expected to experience continuous evolution in memory products with an aim to better serve the community of end users. Increasing need for an energy efficient communications network infrastructure is one of the major factor driving the growth of ADC market. The unprecedented rise in the number of consumer devices such as smartphones and tablets on the network and huge influx of data due to availability of low cost data plans will further boost the demand of robust and reliable 5G network worldwide. The mobile telecommunication industry is making steady process in the 5G arena, with successful trials being conducted in many countries of the globe. Strengthening the telecom infrastructure for 5G is the primary step for the creation of highly advanced and technological ecosystem across all the industry sectors. North America led the analog-to-digital converter market in 2018 with a significant market share whereas Asia pacific is anticipated to be the fastest-growing region during the forecast period.Īccording to the new research report published by The Insight Partners, titled “Analog-To-Digital Converter Market - Global Analysis and Forecast to 2027”, the global Analog-To-Digital Converter market is expected to reach US$ 4.09 Bn in 2027, registering a CAGR of 6.7% during the forecast period 2019-2027.Ĭonsidering the importance of 5G technology in the future economic and social environment of countries, governments and telecommunications companies are taking several initiatives to facilitate the transition from present networks to advanced 5G networks. Geographically, the analog-to-digital converter market is segmented into North America, APAC, Europe, MEA, and SAM regions.
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