At 7.2% CAGR, North America Data Converter Market is Projected to be Worth US$ 3,173.20 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the North America data converter market was valued at US$ 1,821.09 million in 2022 and is expected to reach US$ 3,173.20 million by 2030, registering a CAGR of 7.2% from 2022 to 2030. Increasing demand for testing and measurement by end users and growing use of data converters in developing advanced 5G infrastructure are among the critical factors attributed to drive the North America data converter market growth.

Ensuring product quality, compliance, and efficiency remains a top priority for businesses across the world. The test and measurement (T&M) solution is a vital part of the electronic systems design & manufacturing (ESDM) sector, as it ensures the quality and performance of numerous electronic products. In the communications industry, enhanced voice quality and data services are the result of advanced modulation and antenna techniques. Radio frequency (RF) signal analysis equipment, logic analyzers, signal generators, cable testers, network analyzers, and other test and measurement tools are needed to comprehensively test various networking components, including routers, repeaters, and connections. Analog-to-digital converters (ADC) and digital-to-analog converters (DAC) are frequently used in equipment for signal conversion. Growing use of ADCs and DACs in communication testing equipment propels the North America data converter market growth.

In the industrial sector, telecom service providers, network equipment manufacturers, and mobile device makers use test and measurement equipment to measure and keep an eye on a variety of parameters, including temperature, pressure, voltage, frequency signal, and product quality, as well as safety. ADCs play a pivotal role in modern test and measurement equipment. In addition, a majority of real-world signals exist in analog form. The conversion of these analog signals into digital format becomes an indispensable step for subsequent processing, analysis, and storage. Test and measurement equipment finds extensive use across various industries, serving purposes such as design validation, troubleshooting, and data collection. Thus, advantages of testing and measurement in various industries for enhanced quality drive the North America data converter market growth is acting as a huge driver for the North America data converter market.

On the contrary, complex design of ADCs hampers the growth of North America data converter market.

Based on type, the North America data converter market is bifurcated ADC and DAC. The ADC segment held 57.7% market share in 2022, amassing US$ 1,050.39 million. It is projected to garner US$ 1,750.73 million by 2030 to register 6.6% CAGR during 2022–2030.

By resolution, the North America data converter market is segmented into 10 bit, 12 bit, 14 bit, 16 bit, and others. The others segment held 34.7% share of North America data converter market in 2022, amassing US$ 631.26 million. It is anticipated to garner US$ 1,219.08 million by 2030 to expand at 8.6% 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 North America 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 25.9% share of North America data converter market in 2022, amassing US$ 470.86 million. It is projected to garner US$ 860.74 million by 2030 to expand at 7.8% CAGR from 2022 to 2030.

In terms of end user, the North America data converter market is segmented into automotive, communications, consumer electronics, industrial, medical, and others. The consumer electronics segment held 31.7% share of North America data converter market in 2022, amassing US$ 577.60 million. It is projected to garner US$ 907.00 million by 2030 to expand at 5.8% CAGR from 2022 to 2030.

Based on country, the North America data converter market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 76.1% share of North America data converter market in 2022. It was assessed at US$ 1,384.94 million in 2022 and is likely to hit US$ 2,500.07 million by 2030, registering a CAGR of 7.7% during 2022–2030.

Key players operating in the North America 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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