USD 5.4 billion
Data Converter Market Size, Share, and Growth Analysis
Data Converter Market By Type (Analog-to-Digital Converters (ADCs), Digital-to-Analog Converters (DACs)), By Sampling Rate (High-speed data converters, General-purpose data converters), By Application (Communications, Consumer Electronics), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45K2131 |
Region:
Global |
Published Date: January, 2025
Pages:
179
|Tables:
90
|Figures:
71
Format -
Data Converter Market Insights
Global Data Converter Market size was valued at USD 5.4 billion in 2023 and is poised to grow from USD 5.76 billion in 2024 to USD 9.68 billion by 2032, growing at a CAGR of 6.7% during the forecast period (2025-2032).
The growth of the market is being fueled by the accelerating digitalization across multiple industry verticals and the increased application of advanced data capturing devices. In addition, the widespread use of data converters in the aviation and military branches is promoting market expansion. Converters enable the conversion and transmission of signals in various electronic warfare systems such as communication systems, weapon systems and defense vehicles. Furthermore, the use of data converters with electronic devices as mobile phones, laptops and tablets for video chatting, network signal processing, touch interaction, and video processing also stimulates the growth of the industry. The development of new wireless communication networks such as 4G, 5G, and Long-Term Evolution (LTE) is driving an increase in demand for data converters in optical communication devices.
As routers, repeaters, access points, wireless antennas and other seamlessly integrated broadband devices continue to be incorporated in wireless networks, there will be expectation of data networking bottleneck because of increased data for many devices and high usage of data by mobile phones. Therefore, with the strive to implement 5G technology, it is forecasted that such fast communication networks and strategy against congestion policy will be in demand. The advent of 5G is virtually certain to increase the volume of mobile users, which in turn will require new facilities that can meet the user data requirements. To support various types of applications with sufficient bandwidth requirements, 5G networks are expected to utilize higher frequency spectrum and introduce the concept of small cell networks. This change opens doors for high-speed data converters to be deployed in the building of an enhanced 5G infrastructure as these converters are critical for communication transceivers.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
General-Purpose Data Convertors
Fastest Growth
High-Speed Data Converters
Growth Rate
6.7% CAGR
Global Data Converter Market ($ Bn)
Country Share for North America Region (%)
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Data Converter Market Segments Analysis
Global Data Converter Market is segmented by Type, Sampling Rate, Application and region. Based on Type, the market is segmented into Analog-to-Digital Converters (ADCs) and Digital-to-Analog Converters (DACs). Based on Sampling Rate, the market is segmented into High-speed data converters and General-purpose data converters. Based on Application, the market is segmented into Communications, Consumer Electronics, Industrial, Medical, Test & Measurement and Automotive. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Sampling Rate
Based on sampling rate, the general-purpose data converters segment is dominating the market with the largest data converter market share. General-purpose data converters have a very good cost to performance ratio. Such converters are more economical than high-speed ones with numerous features since they offer sufficient speed and resolution in a number of applications. Hence the general-purpose data converters are applicable in a wide range in various fields including industrial automation, medical electronics, consumer electronics, communications and among others. They are also easier to design and incorporate into systems compared to high-speed converters. Consequently, this cuts down the time and costs for manufacturers developing products that use them.
The high-speed data converters segment is expected to witness significant demand growth during the forecast period. There is a growing need for reliable and higher speed data converters in light of increasing global communication and the roll out of 5G networks. These converters guarantee that data will be moved as fast as possible, with as little loss, distortion or errors. Further, the surge in AI, ML and applications where large data sets have to be processed also creates a demand for high-speed movements of such data. The high-speed data converter market continues to revolutionize with the addition of advanced components like Gallium Nitride (GaN). GaN allows for enhanced operating characteristics over traditional silicon-based converters that turn data at an increased rate.
Analysis by Application
Based on application, the consumer electronics segment is dominating the data converter market. Smartphones, tablets, laptops, and televisions equipped with high definition (HD, 4K, 8K) displays utilize data converters to transform the incoming digital video signal with the aim of improving the quality of the image on the display. Data converters are important for the experience of quality sound. For instance, they transform audio files or streaming audio into signals suitable for playback through a speaker set or headphones. Wi-Fi, Bluetooth or cellular networks use data converters to change the information contained in digital packages into an analogue form suitable for transmission and reception. In addition, consumer electronics generally are mass produced and therefore are sensitive to price. This generates a requirement for data converters with a reasonable price/performance ratio.
As per data converter market analysis, healthcare & life sciences segment is experiencing tremendous growth in recent years. Contemporary medical practice is dependent on the application of advanced medical devices as means of diagnosis, treatment and monitoring of patients. In this case, devices like pacemakers and imaging machines such as MRI and CT scanners employ data converters. In the case of ECG, EEG or blood pressure monitoring where biopotential data is measured, ADCs are used to convert the bio signals into data formats for purposes of evaluation and monitoring. In addition, some devices make use of DACs for specific purposes such as controlling program stimulators by creating analog outputs from digital signals. In the case of telemedicine and remote patient monitoring (RPM) the need for data converters has increased for health sensor wearable devices and telehealth devices.
Global Data Converter Market Analysis by Sampling Rate
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Data Converter Market Regional Insights
North America is dominating with the largest data converter market share. Developed communication infrastructure in North America region translates to an increased demand for advanced data converters owing to greater use of 5G network, upsurge in internet traffic, and advancements in data centre technologies. In Addition, the magnitude of the already existing aerospace and defence industries in North America adds to the requirement of high-performance and reliable data converters for critical uses in missiles, aircraft, and communication units. The United States is one of the leaders about the deployment of 5G technologies and the requirement for fast data converters which are necessary for fast and advanced communication is paramount.
Asia Pacific region is anticipated to witness the highest growth during the forecast period. Asia Pacific is an epicentre to produce consumer electronics and has an approximation of a vast and expanding consumer market as well. In consequence, there is an extensive consumption of data converters in mobile phones, laptops, television sets, wearables, and other products with respect to performance but not limited to, high-quality display and audio. China is actively strengthening its telecommunications networks, including a massive 5G expansion. This requires high-speed data converters to make it possible efficiently transmitting large amounts of data and operating networks. There is the emergence of local firms in India focusing on data converter technology. This can drive the Indian market towards increased competition, investment and possibly cost-effective localised solutions.
Global Data Converter Market By Geography
- Largest
- Fastest
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Data Converter Market Dynamics
Drivers
Growing Volume of High-Speed Communication
- One of the factors that promote the growth of data converter market Industry is the increasing demand for high-speed communications. The performance data converters are high in demand due to the need for improved data transfer and increased bandwidth. These converters have an extensive use in telecommunications, networking and data centres. The growing demand for high-speed data converters is also boosted by the further penetration of 5G technology and greater adoption of cloud services.
Increasing Application in Automotive Industry
- The expanding use of automotive electronics is another key factor contributing to the growth of the data converter market. The data converters are in demand as the number of electronic systems in vehicles that require analogue signals from sensors to be converted into digital signals for electronic control units (ECUs) increases. Such converters find application in automobile engine control, transmission control, vehicle security systems and many more. Moreover, the increased number of automotive electronics is caused by the desire to enhance fuel consumption and safety as well as comfort.
Restraints
High Power Consumption
- The power demand for a data converter is huge especially during signal transfer. Numerous portable devices powered by batteries have power capacity constraints. It has remained one of the hurdles in making the designs of the data converter more environmentally friendly and efficient in terms of power. In the absence of low-power data converters, product development presents a core challenge for manufacturers of data converter devices.
High Manufacturing Cost of Data Converters
- The unprecedented rise of such technologies as IoT, 5G, and AI has increased data processing needs considerably. However, there is a shortage of converter chips that can achieve high data transfer rates. Moreover, global supply chains have been fractured due to geopolitical conflict further creating uncertainty in the sourcing of raw materials. There are additional problems of a technical nature such as standards and compatibility, during the phase of migration of the market from old to new protocols and architectures. These factors are putting upward pressure on the cost of manufacturing for data converters.
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Data Converter Market Competitive Landscape
The data converter market is expanding rapidly due to the ongoing technological developments. Computer modules are slowly replacing the conventional ways of data acquisition. Such systems make use of data converters, such as the ADCs, which transform analog signals into digital form so that they can be processed and analyzed. The market is also witnessing extensive M&A activities. Mergers and acquisitions allow businesses to widen their offerings by pooling together their product lines and competencies. This could offer a wider range of data converter solutions satisfying a wider range of customers and applications. The data converter market is facing increasing compliance pressure in relation to the protection and privacy of information. There exist specific regulations of the market by industries.
Top Players in Data Converter Market
- Analog Devices (USA)
- Texas Instruments (USA)
- Microchip Technology (USA)
- STMicroelectronics (Switzerland)
- ON Semiconductor (USA)
- Renesas Electronics Corporation (Japan)
- Infineon Technologies (Germany)
- Cirrus Logic (USA)
- ROHM Semiconductor (Japan)
- Asahi Kasei Microdevices (Japan)
- Silicon Laboratories (USA)
- Qualcomm Incorporated (USA)
- Broadcom Inc. (USA)
- Samsung Electronics (South Korea)
- Sony Corporation (Japan)
- Omni Design Technologies (USA)
- MaxLinear, Inc. (USA)
- Antelope Audio (Bulgaria)
Recent Developments
- In June 2024 Nisshinbo Micro Devices Inc, which is a provider of industrial equipment, launched NA2202/NA2203/NA2204 series which is a 5V AFE with high precision 1A-D converter for industrial equipment.
- In November 2023 Synopsys Inc., a provider of electronic design automation (EDA), and the Indian Institute of Technology, Bombay launched a joint venture Virtual Fab Solutions located at IIT Bombay, Department of Electrical Engineering and part of the Center for Semiconductor Technologies (SemiX).
- In May 2023 WAVR LLC, an energy converter producer presented a modular WEC Waver Energy Converter. This equipment is designed to generate electricity using energy contained in ocean waves.
Data Converter Key Market Trends
- Advancement in Semiconductor Technology: Semiconductor technology is also substantiating the growth of the data converter market industry. Advances in semiconductor technology, such as CMOS and BiCMOS development, added an easier and more efficient way to construct data converters of lower power and better performance. Such new technologies are also making it easier to incorporate more functions in a single data converter chip, thus lowering the non-recurring costs and size of data converters.
- Growing Adoption of Internet of Things: The growth of IoT devices and sensor networks creates the need for more analog-to-digital interfaces. Sectors like self-driving cars and augmented reality, are likely to lead to a significant increase in the application of data converters. Growing application into commodity segments like industrial automation, consumer electronics and mobile devices can further propel market demand for data converters.
Data Converter Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, A demand expansion of test and measurement solutions among end users, increasing utilization of inconceivably accurate images for scientific and medical use and rise in use of advanced data acquisition systems are key in facilitating the expansion of the data converter industry within the forecast period. In addition, the market is also expected to benefit from infrastructure because of the growing roll out of 5G communication. Manufactures of wireless infrastructure (particularly 4G and 5G) are on a continuous cycle of reducing the size and the cost of newly put in wireless infrastructure, without compromising performance, functionality and service level. The data conversion block is anticipated to play an important role in the wireless infrastructure designs.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.4 billion |
| Market size value in 2032 | USD 9.68 billion |
| Growth Rate | 6.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Data Converter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Data Converter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Data Converter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Data Converter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Data Converter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Data Converter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Data Converter Market Report Snapshots
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