Global Special Purpose A to D Converter Market is valued approximately USD 403.8 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2022-2029. Special Purpose A to D Converter or Analog-to-Digital Converters (ADCs) perform a wide range of functions such as dual-slope conversion, voltage-to-frequency conversion, frequency-to-voltage conversion, and 3?-digit Binary-Coded Decimal (BCD) and binary conversion. In addition, these devices can be combined with other functions such as driving Liquid Crystal Displays (LCDs) and Light Emitting Diodes (LEDs). Moreover, special purpose A to D convertor is used in digital oscilloscopes, which used in the automotive industry for assessment of potential problems in ignition systems, solenoids, sensors, actuators, and communication data streams among others. The increasing application of data converters in wireless communications and growing digitization across the industries are key factors driving the market growth.
The growing digitization across the industries is contributing towards the growth of the Global Special Purpose A to D Convertor market. For instance - as of 2022, the global spending on digital transformation (DX) is estimated at USD 1.6 trillion, and as per projection by 2026, global digital transformation spending would reach to USD 3.4 trillion. Also, favorable government initiatives to promote digitization of work processes and increasing usage of A to D convertor in healthcare industry would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Special Purpose A to D Converter stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Special Purpose A to D Converter Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and rising adoption of analog to digital data conversion for consumer electronics and IT & telecom applications in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as increasing investment for deployment of 5G technologies as well as rising penetration of leading market players in the region.
Major market player included in this report are:
Microchip Technology Inc.
Cirrus Logic, Inc.
NTE Electronics, Inc.
Texas Instruments Incorporated
Analog Devices, Inc
Power Integrations Inc.
Infineon Technologies AG
Recent Developments in the Market:
In August 2021, Analog Devices, Inc. has acquired Maxim Integrated Products, Inc. This acquisition is intended to strengthen ADI's position as a high-performance analog semiconductor company.
Global Special Purpose A to D Converter Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Resolution, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
IT and Telecommunication
Rest of the World