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High-Speed Data Converter Global Market Size, Share Report, Growth Prospects, Developments Plans, Future Insights and Trends Analysis Till 2033
High-Speed Data Converter Global Market
According to The Business Research Company's, The high-speed data converter market size has grown strongly in recent years. It will grow from $3.21 billion in 2023 to $3.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing demand for high-definition multimedia content, growing adoption of digital signal processing techniques, expansion of telecommunications networks, emergence of internet of things (IoT) applications.
The high-speed data converter market size is expected to see strong growth in the next few years. It will grow to $4.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to miniaturization of high-speed data converter components, shift towards higher sampling rates and increased resolution, adoption of advanced digital signal processing algorithms, growing emphasis on energy efficiency and low power consumption, increased focus on interoperability and standardization in data converter interfaces. Major trends in the forecast period include integration of data converters in 5G infrastructure, expansion of virtual reality (VR) and augmented reality (AR) applications, deployment of high-speed data converters in industrial automation and robotics.
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Market Drivers and Trends:
The growing need for high-bandwidth communication systems is expected to fuel the growth of the high-speed data converter market going forward. High-bandwidth communication systems refer to networks or channels capable of quickly transmitting large amounts of data. High-bandwidth communication systems is driven by increasing data demands, advanced technologies such as 5G and IoT, and the rising popularity of bandwidth-intensive applications and services. High-bandwidth communication systems leverage high-speed data converters to process and transmit large volumes of data efficiently, ensuring rapid and accurate conversion between analog and digital signals for seamless communication. For instance, in April 2023, according to 5G Americas, a US-based industry trade organization, the global 5G wireless connections climbed by 76% between the end of 2021 and the end of 2022, reaching up to 1.05 billion. Moreover, according to Omdia and 5G Americas research, it will reach 5.9 billion by the end of 2027. Therefore, the growing need for high-bandwidth communication systems drives the high-speed data converter market.
Major companies operating in the high-speed data converter market are focused on developing advanced solutions to enhance performance and functionality, such as high-speed direct radio frequency (RF) data converters and physical layer (PHY) solutions. It enables efficient and accurate conversion of analog radio-frequency signals to digital data for advanced communication systems. For instance, in September 2023, Socionext Inc., a Japan-based manufacturer of designs, develops, and delivers system-on-chip products, launched 7nm ADC and DAC for 5G direct RF transmitters and receivers, along with a cutting-edge direct RF data converter PHY solution, marking the latest addition to a series of IP offerings driving advanced transceiver systems. It is designed for 3GPP 5GNR/LTE and Wi-Fi network infrastructure in the FR1 and FR2 bands (mmWave with external mixers); it provides a full sub-6GHz instantaneous band and internal capability to allocate up to 1.6GHz of channel bandwidth, including carrier aggregation.
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Major Key Players of the Market:
Broadcom Inc., Texas Instruments Incorporated, STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, Integrated Device Technology Inc., ON Semiconductor Corporation, Microchip Technology Inc., Teledyne Technologies Incorporated, Keysight Technologies, Rohm Co. Ltd., Maxim Integrated Products Inc., Yokogawa Test & Measurement Corporation, Cirrus Logic Inc., National Instruments Corporation, Linear Technology, Mercury Systems Inc., Cohu Inc., Semtech Corporation, Lattice Semiconductor Corporation, Cobham Advanced Electronic Solutions Inc., ADLINK Technology Inc., Silicon Laboratories Inc., Inphi Corporation
High-Speed Data Converter Market 2024 Key Insights:
• The High-Speed Data Converter Market is expected to grow to $4.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Increasing Demand For High-Bandwidth Communication Systems Propels High-Speed Data Converter Market
• Advancements In High-Speed Data Converter Technology
• Asia-Pacific was the largest region in the high-speed data converter market in 2023. The regions covered in the high-speed data converter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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