"According to a market report by Lucintel, the future of the global data converter market looks promising with opportunities in the communications, consumer electronics, industrial, medical, test & measurement, and automotive applications. The global data converter market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are significant use of this technology in computer systems, considerable application of these converters in the development of 5G infrastructure, and escalating demand for minimal power consuming data converters.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in data converter market to 2030 by type (analog-to-digital converters and digital-to-analog converters), sampling rate(high-speed data converters and general-purpose data converters), application (communications, consumer electronics, industrial, medical, test & measurement, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)In this market, analog-to-digital converter and digital-to-analog converter are the two types of data converter used by various end use industries. Lucintel forecast that analog-to-digital converter will remain the largest segment due to its significant application for monitoring and digitizing real-world signals and substantial usage of this product as industrial DAQ and medical devices, such as endoscopes, respiration monitors, digital thermometers, multi-parameter monitors, and cardiac, hemodynamic, and respiratory monitors.

Within this market, medical is expected to witness highest growth over the forecast period due to the significant usage of high-speed data converters for operating various imaging and medical equipment used in the healthcare industries.

APAC is expected to witness highest growth over the forecast period due to significant existence of semiconductor device and product manufacturers, rapid industrial automation, and continuous expansion of communications sector in the region.

Texas Instruments, Analog Devices, Skyworks Solutions, Infineon Technologies, STMicroelectronics, Qorvo, NXP Semiconductor, ON Semiconductor, Microchip Technology, and Renesas Electronics are the major suppliers in the data converter market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]