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Analog-to-Digital Converters Market Predicted to Cross $3,175.04 Million by 2023 - Dominant Manufacturers Profiled Such as Analog Devices, Microchip Technology, Maxim Integrated, Adafruit Industries, National Instruments, Diligent
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An analog-to-digital converter (ADC) is an electronic component that accepts analog (continuous) input and transforms it into digital (discrete) output. The market is driven by an increase in technological advancements and surge in disposable income of individuals. However, the design complexity design of the ADC device restricts the market growth.
Comprehensive Analysis of Leading Market Players
•Analog Devices Inc.
•Microchip Technology Inc.
•Sony Corporation
•Maxim Integrated
•Adafruit Industries
•Texas Instruments Incorporated
•Asahi Kasei Microdevices Co.
•Renesas Electronics Corporation
•National Instruments
•Diligent Inc.
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At present, Asia-Pacific dominates this market, followed by North America. In 2016, China dominated the Asia-Pacific market; similarly, U.S. led the overall market in North America in the same year. The rest of Europe, excluding UK, Germany, and France, currently dominates the European analog-to-digital converters market.
In 2016, the delta-sigma ADC segment dominated the product segment, in terms of revenue. Furthermore, based on application, consumer electronics led the global market in 2016. However, the industrial application segment is expected to register the highest CAGR throughout the forecast period.
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