Global Automotive Analog-to-Digital Converters (ADCs) Market

Global Automotive Analog-to-Digital Converters (ADCs) Market Size, Share, Growth Analysis, By Product Type(Integrating ADC, Delta- Sigma ADC), By Application(Consumer Electronics, and Industrial) - Industry Forecast 2024-2031

Report ID: SQMIG45N2056 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 64 | Figures: 75

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Global Automotive Analog-to-Digital Converters (ADCs) Market size was valued at USD 2.60 billion in 2022 and is poised to grow from USD 2.73 billion in 2023 to USD 4.07 billion by 2031, at a CAGR of 5.1% during the forecast period (2024-2031).

The global automotive analog-to-digital converters (ADCs) market is highly competitive, with a large number of players operating in the market. These players compete on the basis of product quality, price, performance, and innovation. They also focus on strategic partnerships and collaborations to expand their market reach and gain a competitive edge. 'Texas Instruments (US)', 'Analog Devices, Inc. (US)', 'NXP Semiconductors (Netherlands)', 'Maxim Integrated (US)', 'Cirrus Logic (US)', 'Microchip Technology, Inc. (US)', 'STMicroelectronics (Switzerland)', 'Renesas Electronics Corporation (Japan)', 'ON Semiconductor (US)', 'Infineon Technologies AG (Germany)', 'ROHM Semiconductor (Japan)', 'Melexis (Belgium)', 'Silicon Labs (US)', 'Intersil Corporation (US)', 'Asahi Kasei Microdevices Corporation (Japan)', 'Semtech Corporation (US)', 'AKM Semiconductor (Japan)', 'Toshiba Electronic Devices & Storage Corporation (Japan)', 'ams AG (Austria)', 'Dialog Semiconductor (UK)'

Modern vehicles are equipped with a wide range of sensors that generate analog signals. ADCs play a critical role in converting these analog signals into digital signals that can be analyzed by the vehicle's electronic control unit (ECU). The growing demand for accurate and reliable data from these sensors is driving the growth of the automotive ADC market.

Increasing demand for electric vehicles (EVs): The increasing demand for electric vehicles (EVs) is expected to drive the growth of the global automotive ADC market. This is because ADCs are critical components in the development and implementation of EV technologies, which are rapidly gaining popularity among consumers and automakers alike. ADCs are used in a wide range of EV applications, including battery management systems, motor control, and power electronics. In battery management systems, ADCs are used to monitor and control the performance of the battery, including its state of charge, state of health, and state of function. In motor control, ADCs are used to convert analog signals from sensors into digital signals that can be used by the motor controller to regulate the speed and torque of the motor. In power electronics, ADCs are used to measure and control the voltage and current of the power supply, ensuring that the power is delivered safely and efficiently to the EV's components.

North America has the largest market share in the global analog to digital converter market owing to the advanced technology and easy adoption in the countries. The expansion in the industrial sector is offering lucrative growth opportunities for Europe's analog to digital converter market. The North America market is expected to witness significant growth in the automotive ADC market, driven by the presence of major automotive manufacturers in the region, increasing adoption of ADAS systems, and the growing demand for electric vehicles. The United States is the major contributor to the automotive ADC market in the region, with a high concentration of automotive electronics manufacturers and suppliers.

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