Data Converter Market Size, Share & Trends Analysis Report By Type (Analog-to-Digital Converters (ADC), Digital-to-Analog Converters (DAC)), By Sampling Rate (High-Speed Data Converters), By Application, By Region, And Segment Forecasts, 2024 - 2030

Data Converter Market Size, Share & Trends Analysis Report By Type (Analog-to-Digital Converters (ADC), Digital-to-Analog Converters (DAC)), By Sampling Rate (High-Speed Data Converters), By Application, By Region, And Segment Forecasts, 2024 - 2030

Data Converter Market Growth & Trends

The global data converter market size is expected to reach USD 8.52 billion by 2030, registering a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Businesses across various industries, such as consumer electronics, healthcare & life sciences, and automotive, increasingly use data to make informed decisions. This trend is driving the need for efficient and accurate data collection and analysis. Data converters play a vital role in this process by ensuring the collected data is accurate and reliable. Automation of manufacturing and industrial processes is another major growth driver in the market. Automated systems rely on data converters to collect data from sensors and control machines. As the level of automation in these industries continues to increase, the demand for data converters will also increase significantly.

Electronic systems rely heavily on data acquisition systems to collect and process information from the real world. These systems often use data converters to translate analog signals from sensors and other devices into digital data that computers can process. As the demand for advanced data acquisition systems grows, this would drive the market demand. The Internet of Things (IoT) refers to the network of physical devices embedded with sensors and software, allowing them to collect and exchange data. As the number of IoT devices grows, the demand for data converters will also increase. IoT devices often rely on data converters to convert sensor data into a format that can be transmitted over networks.

Data Converter Market Report Highlights

• North America dominated the market in 2023 accounting for the largest share of the global revenue. North America has the presence of various technology companies and research institutions. These entities invest in developing advanced electronic systems that rely heavily on high-performance data converters. This strong focus on innovation drives the demand for advanced data converter solutions
• The Analog-to-Digital Converters (ADC) segment dominated the market in 2023. Across various industries, the need to collect and analyze high-resolution data is rising. ADCs play a crucial role in this process by converting analog signals from sensors and other devices into digital data with high fidelity. Moreover, mixed-signal ICs combine both analog and digital circuitry. ADCs are vital in these ICs, enabling them to interface with real-world analog signals. The increasing use of mixed-signal ICs in various electronic devices is also driving the segment’s growth
• The general-purpose data converters segment dominated the market in 2023. Consumer electronics are a major driver for general-purpose data converters. From smartphones and laptops to wearables and smart home devices, these converters are essential for processing audio, video, and sensor data. Their affordability and versatility make them suitable for integrating into various consumer electronics
• The consumer electronics segment dominated the market in 2023. Data converters play a crucial role in processing various signals within consumer electronics. They handle the conversion between analog and digital formats, essential for numerous functionalities such as audio processing, video processing, and sensor data acquisition

Please note The report will be delivered in 4-8 business days upon order notification.