Press release
Data Converter Market: Sizable Growth Potential with CAGR of 11.0% by 2029, Propelled by Rising Demand for High-Performance Computing and Advances in Technology
Data Converter Market
The global data converter market is projected to see significant growth from $4.73 billion in 2024 to $7.73 billion in 2029, driven by IoT expansion, high-performance computing demand, and emerging trends such as 5G technology implementation and edge computing.
What Is The Projected Market Size Of The Global Data Converter Market And Its Growth Rate?
• The data converter market has grown strongly in recent years, rising from $4.73 billion in 2024 to $5.09 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. This growth can be attributed to the expansion of mobile and consumer electronics, rise of the Internet of Things (IoT), demand for high-performance computing, increasing bandwidth requirements, and evolution of automotive electronics.
• The data converter market size is expected to see rapid growth, anticipated to increase to $7.73 billion in 2029 at a CAGR of 11.0%. Key drivers of this future growth include the emergence of edge computing, rapid growth in electric vehicles (EVs), integration in advanced medical devices, and focus on energy efficiency.
What Is Driving The Growth In The Data Converter Market?
The rising demand for high-resolution images in medical imaging and scientific applications is a key driver of growth in the data converter market. Medical imaging providers and researchers rely on data conversion for image quality, pixel density, accuracy, linearity, and noise control. With medical imaging accounting for over 90% of healthcare data according to GE Healthcare, data converters fulfill a crucial need in this sector.
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Who Are the Key Players Driving Data Converter Market Growth?
• Texas Instruments
• Analog Devices
• Maxim Integrated
• ON Semiconductor
• Microchip Technology
• STMicroelectronics
• Renesas Electronics
• Cirrus Logic
• Infineon Technologies
• Broadcom Inc.
What Are The Key Trends In The Data Converter Market?
• 5G technology implementation
• Technological convergence
• Advancements in communication technologies
• Integration of high-speed data converters
• Rise of wideband and software-defined radio (SDR) applications.
What Are The Segments Of The Global Data Converter Market?
• By Type: Analog-To-Digital Converters, Digital-To-Analog Converters
• By Sampling Rate: High-Speed Data Converters, General-Purpose Data Converters
• By Rate Type: 1Gsps To 5Gsps, 5Gsps To 200Gsps
• By Application: Communications, Automotive, Consumer Electronics, Industrial Process Control And Automation, Medical, Testing And Measurement, Other Applications.
Which Region Leads The Data Converter Market?
In 2024, North America was the largest region in the data converter market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Data Converter Market Global Market Report?
- Market Size Analysis: Analyze the Data Converter Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Data Converter Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Data Converter Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Data Converter Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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