According to the latest market research study released by Technavio, the global data converter market is expected to grow at a CAGR of close to 6% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global data converter market based on end user:
Global data converter market share by end user 2015
|
Automotive |
34.6% |
|
Wireless Infrastructure |
23.7% |
|
Consumer Electronics |
23.1% |
|
Industrial |
18.6% |
Source: Technavio
Global automotive segment
In order to incorporate new features, the automobile industries increased the content of semiconductors, which is one of the key factors responsible for influencing the growth of the automotive segment in the global data converter market. Properties such as anti-lock braking system, electronic stability program, remote key-less entry, multiple display panel, etc. provide feedback to the microcontroller unit (MCU) that controls the entire semiconductor components in the vehicle. The key component here is the data converter that converts analog signals from various devices to digital signals for processing.
“Anti-lock braking system, electronic stability program, remote key-less entry, multiple display panel, and car infotainment system are some of the features that have increased the demand for semiconductor content in vehicles,” says Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.
Furthermore, concepts such as automated driving will fuel the demand for data converters due to the increasing use of sensors and complex control systems in automobiles. Increasing the number of electronic components will improvise the interiors of automobiles, which will lead to increase in data converter content in automobiles during the forecast period.
Global Wireless Infrastructure segment
Functions such as voice calling, video streaming, image capture, and touch sensing in smartphones and tablets involve data converters at the backend for signal conversion. Another factor increasing the demand for data converters is the growing adoption of 3G/4G-compatible smartphones globally. It is likely that the increasing penetration of high-end smartphones will result in increasing demand for high-speed data converters. The demand for high-speed data converters is influenced by yet another factor, which is the increasing display resolution and processor capacity in smartphones.
Global consumer electronics segment
Mobile network service providers are set to enhance their network equipment to accommodate faster data transmission and receiving rate due to increasing mobile data traffic. The growing penetration of 3G/4G networks, the advent of 5G networks, and carrier aggregation in some of the countries such as South Korea and the US will upsurge the demand for data converters in the network infrastructure equipment. The current architecture from vendors such as Analog Devices and Texas Instruments are characterized by low-noise, high linearity, and complex frequency translation, which supports high-volume data transmission. The contribution from this segment will impact the data converter market immensely during the forecast period.
Global industrial segment
Some of the key applications such as process control, industrial test and measurement equipment, industrial power metering, and automation process are the applications where data converters form key components in the systems. The long replacement cycles of equipment and slow technological changes taking place in the industrial sector will result in decrease of cost of data converter components that are used for industrial applications. Also, data converters will influence industries involving test and measurement instruments, such as oscilloscope and radiography equipment for automated testing applications, during the forecast period.
The top leading vendors operating in the global data converter market are:
- Analog Devices
- Maxim Integrated
- Texas Instruments
Other prominent vendors in the market include Microsemi, Microchip, Intersil, ROHM, and NXP Semiconductors.
A more detailed analysis is available in the Technavio report tilted, ‘Global Data Converter Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Touchless Sensing Equipment Market 2016-2020
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- Global Actuator Sensor Interface Systems Market 2016-2020
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