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Analog-to-Digital Converters Market Expected to Reach $3,175.04 Million | Key Players-Analog Devices, Inc., Microchip Technology Inc., Sony Corporation

06-12-2019 05:05 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Analog-to-Digital Converters Market Expected to Reach

An analog signal is a constantly fluctuating representation of a circumstance, which can be directly measured such as human voice, video, radio, and others. On the other hand, a digital signal is presented in the form of bits, and at any given time it can take an only limited number of values, for instance, in case of a digital computer, there are only two states which are either 1 or 0. An analog signal generates continuous data, while a digital signal consists of discrete data. An analog-to-digital converter (ADC) is an electronic integrated circuit that converts the analog signal (continuous data) into digital form (discrete data).

Analog-to-Digital Converters Market by Product and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023", the global analog-to-digital converters market was valued at $2,145.00 million in 2016, and is projected to reach at $3,175.04 million by 2023, growing at a CAGR of 5.60% from 2017 to 2023.

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.

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At present, Asia-Pacific dominates this market, followed by North America. In 2016, China dominated the Asia-Pacific market; similarly, the U.S. led the overall market in North America in the same year. The rest of Europe, excluding the UK, Germany, and France, currently dominates the European analog-to-digital converters market.

Top Impacting Factors

Growth in disposable income, technological advancements, need for high performance & enhanced efficiency of the device, complex design of the device, and encouragement in the digitization of work processes by the government in emerging economies are the significant factors that impact the growth of the global analog-to-digital converters market. These factors are anticipated to either drive or hamper market growth.

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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.

Key Findings of the Analog-to-digital Converters Market:
• Delta-sigma ADC segment generated the highest revenue o in the global market in 2016.
• In 2016, the consumer electronics segment generated the highest revenue in the application segment.
• LAMEA is anticipated to exhibit the highest CAGR from 2017 to 2023.
• In 2016, Asia-Pacific contributed the highest market share, followed by North America, Europe, and LAMEA.

The key players profiled in the report include Analog Devices, Inc., Microchip Technology Inc., Sony Corporation, Maxim Integrated, Adafruit Industries, Texas Instruments Incorporated, Asahi Kasei Microdevices Co., Renesas Electronics Corporation, National Instruments, and Diligent Inc.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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