Analog To Digital Converter Market to Record an Impressive Growth By 2024
Posted: Aug 09, 2017
Global Analog To Digital Converter Market: Overview
The electric device that helps in converting the analog signals such as temperature, voltage, distance, pressure, current, and others into digital signals which can be used further for computation, processing, manipulation, and storage is known as analog to digital converter. They are mainly used in the digital devices which are mainly used in the electronic appliances.
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Global Analog To Digital Converter Market: Segmentation
The global market for the analog to digital converter is fragmented into its product type, resolution, and application. Based on the product type, the global market is segregated into display ADC, delta-sigma ADC, pipelined ADC, dual slope ADC, and others. Based on the resolution, the market is categorized into 8-bit, 12-bit, 16-bit, 10-bit, 14-bit, and others. Based on the application, the market is divided into IT and telecommunication, industrial, consumer electronics, and automotive.
Global Analog To Digital Converter Market: Growth Factors
The consumers are widely adopting and using the electronics appliances due to the favorable factors such as the growing disposable income and the growth initiatives that are taken by the government to encourage the smart living by digitizing the working of the processes, especially in the emerging economies. The converters that convert analog signals to digital ones are being used widely in several devices owing to the advancements that are made in the technology. Thus these factors are affecting positively the growth of the market due to the wide penetration and adoption of the analog to digital converters. There are certain factors that are affecting the growth of the market negatively which include the complex design of the device, the requirement for the high performance, and improved efficiency.
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Global Analog To Digital Converter Market: Regional Analysis
Depending on the geographical regions, the global market for the analog to digital converter is diversified into the Latin America, North America, Middle East and Africa, Asia Pacific, Eastern Europe, and Western Europe. It is North America that is dominating the global analog to digital converter market. The factors that contribute to this growth are the availability of the developed technology in this region and the early adoption of the technology in the countries which include the U.S. The North American region is followed by the Western Europe. Factor that attributes to this growth is the development in the automotive and the industrial sectors are contributing various growth opportunities for the growth of the market. The maximum revenue growth in the analog to digital converter market is expected from the Asia Pacific region in the future years. The market growth in the Middle East and Africa, Latin America, and Eastern Europe will be better in the coming years.
Global Analog To Digital Converter Market: Competitive Players
The key market players that are involved in the analog to digital converter market include Analog Devices, Inc., Microchip Technology Inc., Sony Corporation, Maxim Integrated, Adafruit Industries, Texas Instruments Incorporated, Asahi Kasei Microdevices Co., Intersil Americas LLC, National Instruments, and Diligent Inc.
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