Report : Asia Pacific Data Converter Market Forecast to 2030 - Regional Analysis - by Type (ADC and DAC), Resolution (10 Bit, 12 Bit, 14 Bit, 16 Bit, and Others), Rate of Converter (Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1 Gsps, and Above 1 Gsps), and End user (Automotive, Communications, Consumer Electronics, Industrial, Medical, and Others)
At 9.7% CAGR, Asia Pacific Data Converter Market is Projected to be Worth US$ 3,576.30 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific data converter market was valued at US$ 1,704.19 million in 2022 and is expected to reach US$ 3,576.30 million by 2030, registering a CAGR of 9.7% from 2022 to 2030. Potential use of IoT devices and data consumption and rise of high-speed data converters are among the critical factors attributed to drive the Asia Pacific data converter market growth.
The deployment of IoT devices, each equipped with various sensors, will require a substantial number of data converters to bridge the gap between analog signals captured by sensors and digital data processed by other components. This includes ADCs for sensors such as temperature, pressure, and motion and DACs for controlling actuators. As data processing shifts closer to the source (edge devices), more data converters will be needed to digitize sensor data for local analysis and decision-making before transmission to the cloud. Thus, there is an increasing demand for low-power, high-performance converters optimized for edge-computing applications. The growing need for precise and reliable data from IoT devices will propel the demand for high-resolution and high-speed data converters. This demand is in applications such as autonomous vehicles, industrial automation, and scientific research, where accurate data is crucial. As the edge devices become powerful, on-device machine learning will become increasingly feasible in the coming years. There will be a rising need for data converters that can efficiently handle the high data rates and complex algorithms associated with machine learning applications. By addressing the evolving needs of this dynamic landscape, data converter manufacturers can position themselves for significant growth and innovation in the coming years. Therefore, potential use of IoT devices and the resulting increase in data consumption would present significant opportunities for the data converter market during the forecast period.
On the contrary, the complex design of ADCs hampers the growth of Asia Pacific data converter market.
Based on type, the Asia Pacific data converter market is bifurcated ADC and DAC. The ADC segment held 59.5% market share in 2022, amassing US$ 1,013.65 million. It is projected to garner US$ 2,048.86 million by 2030 to register 9.2% CAGR during 2022–2030.
By resolution, the Asia Pacific data converter market is segmented into 10 bit, 12 bit, 14 bit, 16 bit, and others. The others segment held 33.4% share of Asia Pacific data converter market in 2022, amassing US$ 568.81 million. It is anticipated to garner US$ 1,324.85 million by 2030 to expand at 11.1% CAGR during 2022–2030. The 10 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 12 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 14 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 16 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The others bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps.
Based on rate of converter, the Asia Pacific data converter market is segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1 Gsps, and Above 1 Gsps. The 501 Msps to 1 Gsps segment held 24.6% share of Asia Pacific data converter market in 2022, amassing US$ 419.54 million. It is projected to garner US$ 922.49 million by 2030 to expand at 10.4% CAGR from 2022 to 2030.
In terms of end user, the Asia Pacific data converter market is segmented into automotive, communications, consumer electronics, industrial, medical, and others. The consumer electronics segment held 32.8% share of Asia Pacific data converter market in 2022, amassing US$ 558.53 million. It is projected to garner US$ 1,055.61 million by 2030 to expand at 8.3% CAGR from 2022 to 2030.
By country, the Asia Pacific data converter market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 34.3% share of Asia Pacific data converter market in 2022. It was assessed at US$ 584.71 million in 2022 and is likely to hit US$ 1,260.10 million by 2030, registering a CAGR of 10.1% during 2022–2030.
Key players operating in the Asia Pacific data converter market are Analog Devices Inc, Asahi Kasei Microdevices Corp, Cirrus Logic Inc, Microchip Technology Inc, On Semiconductor Corp, Renesas Electronics Corp, ROHM Co Ltd, STMicroelectronics NV, Teledyne Technologies Inc, and Texas Instruments Inc, among others.
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