Press release
Data Converter Global Market Analysis, Trends, Growth, Research And Forecast 2033
Data Converter Global Market
The Business Research Company offers in-depth market insights through Data Converter Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The data converter market size has grown strongly in recent years. It will grow from $4.44 billion in 2023 to $4.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to expansion of mobile and consumer electronics, rise of internet of things (IoT), demand for high-performance computing, increasing bandwidth requirements, automotive electronics evolution.
The data converter market size is expected to see strong growth in the next few years. It will grow to $6.91 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to emergence of edge computing, rapid growth in electric vehicles (EVs), integration in advanced medical devices, focus on energy efficiency. Major trends in the forecast period include 5G technology implementation, technological convergence, advancements in communication technologies, integration of high-speed data converters, rise of wideband and software-defined radio (SDR) applications.
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Market Segmentation:
The data converter market covered in this report is segmented -
1) By Type: Analog-To-Digital Converters, Digital-To-Analog Converters
2) By Sampling Rate: High-Speed Data Converters, General-Purpose Data Converters
3) By Rate Type: 1Gsps To 5Gsps, 5Gsps To 200Gsps
4) By Application: Communications, Automotive, Consumer Electronics, Industrial Process Control And Automation, Medical, Testing And Measurement, Other Applications
Major Driver - The Surge In Data Converter Market Driven By High-Resolution Medical Imaging
The growing demand for high-resolution images in scientific and medical applications is expected to propel the growth of the data converter market. High-resolution images are used in medical image processing. Medical image processing is the use and investigation of 3D image files of the human body, often collected from a Computed Tomography (CT) or Magnetic Resonance Imaging (MRI) scanner, to diagnose disorders, guide medical procedures such as surgery planning, or for research reasons. The data converter plays a vital role in meeting the demand for medical imaging devices in terms of image quality, pixel density, accuracy, linearity, and noise. According to GE Healthcare, medical imaging accounts for more than 90% of healthcare data. Therefore, the increasing usage of high-resolution imaging devices in medical applications outfitted with data converters is driving the data converter market growth.
Competitive Landscape:
Major companies operating in the data converter market report are Continental AG, Mitsubishi Electric Corp., Sumitomo Electric Industries Ltd., Asahi Kasei Corporation, Texas Instruments Incorporated, TE Connectivity Ltd., STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors NV, Renesas Electronics Corporation, Amphenol Corp., Analog Devices Inc., Semiconductor Components Industries LLC, Microchip Technology Inc., Skyworks Solutions Inc., Synopsys Inc., Qorvo Inc., BorgWarner Inc., ROHM Semiconductor Co. Ltd., Vishay Intertechnology Inc., Maxim Integrated Products Inc., Diodes Incorporated, Microsemi Corporation, Cirrus Logic Inc., Dialog Semiconductor plc, Silicon Laboratories Inc., Knowles Electronics LLC, Semtech Corp., Faraday Technology Corporation, DATEL Inc.
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Top Trend - Glencoe Software's Latest Data Conversion Tool
Major companies operating in the data converter market are launching new data conversion tools to increase their profitability in the market. Data conversion tools are software or utilities that transform data by altering its format, structure, encoding, or presentation to ensure compatibility with diverse systems, applications, or storage formats. For instance, in September 2022, Glencoe Software, a US-based scientific image data management solution provider launched NGFF-Converter, tailored for scientists handling vast bioimaging datasets, like those in digital pathology. The NGFF-Converter is an open-source tool that transforms bioimage formats into cloud-compatible data formats, such as OME-NGFF or OME-TIFF. The OME-NGFF format, designed for efficient storage in the cloud, enhances analysis of multi-dimensional bioimaging data. The user-friendly NGFF-Converter, downloadable on Windows and MacOS, is a key element in Glencoe's commitment to revolutionize scientific image data management. This initiative aims to streamline and scale data workflows in academic and industrial research.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Converter Market Characteristics
3. Data Converter Market Trends And Strategies
4. Data Converter Market - Macro Economic Scenario
5. Data Converter Market Size And Growth
…..
27. Data Converter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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