Special Purpose A/D Converter Market Forecast: $403.8 Million in 2021 to $724.5 Million by 2031

Allied Market Research published an exclusive report, titled, "Special Purpose A to D Converter Market Size, Share, Competitive Landscape and Trend Analysis Report, by Resolution, by Application : Global Opportunity Analysis and Industry Forecast, 2021-2031".

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The change of one data resolution into another is known as data conversion. An analog signal, such as voltage, is converted to a digital form by an analog-to-digital converter (ADC) so that a microcontroller can read and process it. Special-purpose Analog-to-Digital Converters (ADCs) carry out specialized tasks such dual-slope conversion, voltage-to-frequency conversion, frequency-to-voltage conversion, and conversion between 312-digit binary and Binary-Coded Decimal (BCD). These devices can be used in conjunction with other operations, such as powering LCDs or LEDs (LEDs). The special purpose ADCs provide noise rejection and customizable speed and resolution trade-offs to the dual-slope community. These devices are therefore appropriate for a range of data acquisition systems, including high-precision DC measurements, sensor interfaces, portable instruments, computer peripheral interfaces, and precision analogue signal processors. Special purpose ADCs are used in digital oscilloscopes. Digital oscilloscopes are widely used in the automotive industry to troubleshoot inconsistencies and potential problems in ignition systems, solenoids, sensors, actuators, and communication data streams.

The demand for oscilloscopes and special purpose ADC is being fueled by this as well as the rising adoption of connected motorcycles due to the increased focus on driver safety and the growing desires for a comfortable and safe riding experience. Apart from this, it is incorporated into medical equipment, such as MRI and x-ray, to convert analog to digital images prior to modification. As a result of the rising incidence of chronic diseases, the application of special purpose ADC in the healthcare sector is being driven by the growing demand for medical imaging techniques.

Key Market Players:

Adafruit Industries, Analog Devices, Inc., Cirrus Logic, Inc., Infineon Technologies AG, Microchip, NTE Electronics, Inc., NXP Semiconductor, Power Integrations, Renesas, Texas Instruments Incorporated

Segmentation Analysis:

The special purpose A/D converter market is segmented into Resolution and Application.

The report offers an in-depth study of every segment, which helps market players and stakeholders to understand the fastest growing segments and highest grossing segments in the market.

The special purpose A/D converter market is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

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The research report mainly focuses on the growth drivers and investment opportunities in the industry to assist companies in formulating strategies for taking a lead in the special purpose A/D converter market. Additionally, the report also highlights the market restraints and challenges that the sector might face in the coming period. Moreover, by using scientific tools like Porter's five forces, the competitive scenario of the domain is also presented in this study which helps the companies understand the dynamic nature of the market.

Research Methodology:

Along with the growth drivers and investment opportunities in the sector, the report also highlights the latest trends and developments in the industry. Also, the financial performance of the major companies in the industry is studied as part of the report. To substantiate the information given in the report, interviews with major stakeholders in the industry are also provided, which helps businesses get a true picture of the sector.

The research operandi of the global special purpose A/D converter market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.

Key Findings Of The Study:

In 2021, by resolution, the 12-bit segment accounted for maximum revenue and is projected to grow at a notable CAGR during the forecast period according to the special purpose A/D converter market size.

Based on the special purpose A/D converter market analysis, by application, the IT and Telecom segment was the highest revenue contributor to the market, with $136.06 million in 2021.

China contributed the major share in the special purpose A/D converter market share, accounting for the highest revenue share in 2021.

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In addition, it is projected that the advent of the Fourth Industrial Revolution (Industry 4.0), together with the rising trend of precision manufacturing, will spur demand for special purpose ADC in industrial automation and create lucrative growth possibilities to market competitors. For instance, Texas Instruments (TI) introduced the smallest 24-bit wideband ADC in December 2021, providing the best signal measurement precision in the market at wider bandwidths than rival ADCs. The ADS127L11, a brand-new product in TI's line of precision wideband ADCs, offers ultra-precise data acquisition in a 50% smaller package, dramatically reducing power consumption, improving resolution, and expanding measurement bandwidth for a variety of industrial systems.

The market study further promotes a sustainable market scenario on the basis of key product offerings. On the other hand, Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. The report provides an explicit global special purpose A/D converter market breakdown and exemplifies how the opposition will take shape in the new few years to come. Rendering the top ten industry players functional in the market, the study emphasizes on the policies & approaches integrated by them to retain their foothold in the industry.

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