Jun 5, 2024   SOURCE: PR NewsWire

High-Speed Data Converter Market Poised to Reach $4.2 Billion by 2029: Growing Demand Driven by 5G Infrastructure and IoT Adoption

The high-speed data converter market is booming with the demand for faster data processing across industries. Advanced solutions are crucial for tech leaders amid the rise of 5G, autonomous vehicles, and IoT.

BOSTON, June 5, 2024 /PRNewswire/ -- According to the latest BCC Research study, the demand for The global market for high-speed data converters is expected to grow from $3.2 billion in 2024 and is projected to reach $4.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.4% during the forecast period of 2024 to 2029.

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High-speed data converters, crucial for modern electronic systems, facilitate the rapid transformation of analog signals to digital and vice versa. These converters, operating at sampling rates from five mega samples per second (MSPS) to several giga samples per second (GSPS), are essential in applications requiring swift signal processing. The global market for high-speed data converters, covering ADCs and DACs, is analyzed in terms of revenue and volume across various segments and regions, with historical data from 2021-2022 and projections through 2029. The report explores market trends, challenges, and competition, profiling leading companies and examining the impact of environmental, social, and corporate governance (ESG) factors, patents, and emerging technologies in this sector.

Please click here for more details about "The Global Market for High-Speed Data Converters Report".

The global market for high-speed data converters is driven by the following factors:

Increased Consumer Electronics Demand: High-speed data converters are crucial for faster data processing in devices like smartphones and gaming consoles, meeting user expectations for seamless connectivity and enhanced features.

Medical Imaging Advancements: In medical imaging technologies like MRI and CT scans, high-speed converters ensure precise signal processing, supporting advanced diagnostic capabilities as healthcare facilities upgrade their equipment.

Autonomous Vehicle Development: Autonomous vehicles depend on real-time data processing for navigation and collision avoidance. High-speed converters are vital in converting sensor data into actionable information for safe and efficient operations.

Wireless Communication Growth: The expansion of 5G networks drives the demand for high-speed converters, facilitating efficient data transmission between network components and supporting high-definition video streaming and IoT connectivity.

IoT Device Integration: High-speed converters enable accurate data measurement and communication within IoT devices, supporting industries as they adopt IoT solutions for improved efficiency and connectivity.

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Report Synopsis



     
              Report Metrics  
     
              Details



     Base year considered                                                                                                                                        2023



     Forecast Period considered 
     2024-2029



     Base year market size                                                                                                                      
            $3.1 billion



     Market Size Forecast                                                                                                                       
            $4.2 billion



     Growth rate                
     CAGR of 5.4% for the forecast period of 2024-2029



     Segment Covered            
     Type, Frequency Band, Industry, and Region



     Regions covered            
     North America, Europe, Asia-Pacific, and Rest of the World (RoW)



     Countries covered            China, India, Japan, U.S., Canada, Mexico, Germany, U.K., France, South
                                    America, and Africa



     Key Market Drivers

                                                         Increased demand from the consumer electronic industry.
                                                                    
              Widespread adoption of medical imaging applications.
                                                                                    
            
               
              Rise of autonomous vehicles.
                                                                                              
            
               
              Advancements in wireless communications.
                                                                                              
            
               
              Increasing use of Internet of Things
                                                                                              (loT) devices.

Some interesting details on the global market for high-speed data converters:

    --  According to the GSMA's The Mobile Economy 2024 report, 5G connections
        are expected to represent over half (51%) of mobile connections by 2029,
        increasing to 56% by the end of the decade, making 5G the dominant
        connectivity technology.
    --  Leading markets such as the GCC states, developed Asia-Pacific, North
        America, and Greater China are anticipated to lead 5G adoption due to
        expanded network coverage, increased marketing efforts, and the
        availability of 5G devices.
    --  In 2023, high-speed ADCs emerged as a significant market contributor
        with a 63.7% share of total revenue, underlining their crucial role in
        converting real-world signals like temperature, pressure, acceleration,
        and speed into digital signals.
    --  Manufacturers are focusing on creating ADCs that consume less power
        while maintaining high performance, making them ideal for IoT devices,
        wearables, and mobile electronics.
    --  The Chinese government plans to boost its economy by increasing the
        availability of high-end electronic devices to stimulate consumer
        spending, aiming for 5G mobile phone shipments to make up over 85% of
        the domestic market by 2024.
    --  China's consumer electronics sector has experienced steady growth, with
        leading computer, communication, and electronic device manufacturers.

The high-speed data converter market worldwide The report includes in-depth data and analysis addressing the following important queries:

    1. What is the high-speed data converter market's projected market size and
       growth rate?The global high-speed data converters market was valued at
       $3.1 billion in 2023 and will reach $4.2 billion by 2029, with a CAGR of
       5.4% during the forecast period i.e. 2024-2029.

    2. What are the key factors driving the growth of the global high-speed data
       converter market?The high-speed data converters market is rapidly
       expanding due to increased demand from the consumer electronics industry,
       widespread adoption of medical imaging applications, and a growing need
       for instrumentation.

    3. By product type, which segment will dominate the market by the end of
       2028? In 2023, the ADC segment accounted for about 63.7% of revenue share
       and is expected to remain highest throughout the forecast period driven
       by their increasing use across industries like telecommunications,
       instrumentation and measurement, sensor-based systems, and control
       systems.

    4. Which region has the highest market share in the global high-speed data
       converter market?In 2023, total revenue from the Asia-Pacific high-speed
       data converters market reached $1.9 billion, which is around 61.9% of the
       global market. This growth is driven by the increasing demand for
       advanced technologies in consumer electronics like smartphones and PCs,
       as well as government investments in semiconductor manufacturing, focus
       on 5G networks and the growing number of IoT devices.

Some of the Key Market Players Are:

    --  ADVANCED MICRO DEVICES INC.
    --  AMS-OSRAM AG
    --  ANALOG DEVICES INC.
    --  ATOM SEMICONDUCTOR TECHNOLOGIES LTD.
    --  CISSOID
    --  INTEL CORP.
    --  MICROCHIP TECHNOLOGY INC.
    --  OMNI DESIGN TECHNOLOGIES INC.
    --  RENESAS ELECTRONICS CORP.
    --  STMICROELECTRONICS N.V.
    --  SYNOPSYS INC.
    --  TELEDYNE TECHNOLOGIES INC.
    --  TEXAS INSTRUMENTS INC.

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