Analog-to-Digital Converters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Analog-to-Digital Converters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global analog-to-digital converters market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.01% during 2023-2028.

An analog-to-digital-converter (ADC) is an electronic circuit used to measure and covert an input analog signal to a digital form that can be read and processed by a microcontroller. It is widely utilized in control and monitoring systems and sensors to produce analog output voltages. Nowadays, manufacturers across the globe are offering precision devices with high speed and resolution in a range of packaging options for industrial, communication, enterprise, and personal electronics applications.

Analog-to-Digital Converters Market Trends:
The increasing number of mobile phone subscribers, in confluence with the rising popularity of music streaming services like Spotify, Apple Music, Amazon Music Unlimited and YouTube Music, represents one of the key factors bolstering the market growth. Moreover, ADC is used in digital oscilloscopes, which find extensive application in the automotive industry to troubleshoot inconsistencies and potential problems in the ignition system, solenoids, sensors, actuators and communication data stream. This, coupled with the escalating adoption of connected motorcycles due to the growing emphasis on driver safety and the increasing preferences for a comfortable and safe riding experience, is catalyzing the demand for oscilloscopes and ADC. Apart from this, it is incorporated in medical devices, such as magnetic resonance imaging (MRI) and x-ray, to convert images from analog to digital before alteration. In line with this, the emerging need for medical imaging techniques on account of the rising prevalence of chronic diseases is driving the application of ADC in the healthcare industry. Besides this, the Fourth Industrial Revolution (Industry 4.0) emergence, along with the augmenting trend of precision manufacturing, is anticipated to catalyze the demand for ADC in industrial automation and offer lucrative growth opportunities to market players.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global analog-to-digital converters market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, resolution and application.

Breakup by Product Type:

Pipelined ADC
Integrating ADC
Successive Approximation ADC
Delta-Sigma ADC
Others

Breakup by Resolution:

8-bit
10-bit
12-bit
14-bit
16-bit

Breakup by Application:

Consumer Electronics
IT and Telecommunication
Automotive
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Micro Devices Inc., Analog Devices Inc., Asahi Kasei Corporation, Cirrus Logic Inc., Microchip Technology Inc., National Instruments Corporation, NXP Semiconductors N.V., onsemi, Renesas Electronics Corporation, Rohm Co. Ltd., STMicroelectronics and Texas Instruments Incorporated.

Key Questions Answered in This Report

1. What was the size of the global analog-to-digital converters market in 2022?
2. What is the expected growth rate of the global analog-to-digital converters market during 2023-2028?
3. What has been the impact of COVID-19 on the global analog-to-digital converters market?
4. What are the key factors driving the global analog-to-digital converters market?
5. What is the breakup of the global analog-to-digital converters market based on the product type?
6. What is the breakup of the global analog-to-digital converters market based on the application?
7. What are the key regions in the global analog-to-digital converters market?
8. Who are the key players/companies in the global analog-to-digital converters market?