The Global Analog-to-Digital Converters Market was valued at USD 2,136.00 Million in 2016, and is expected to register a CAGR of 5.2% over forecast period 2020–2026. The market is driven by key factors such as increasing initiatives to digitize working processes and encouraging smart living coupled with rising adoption of consumer electronics and automotive equipment.
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Communication systems have undergone a vast evolution encompassing modern technologies and more to come. Analog to digital Converters (ADC) transform electric to digital signals for data processing, vendors in the semiconductor market comprise a diverse portfolio with Analog-to-Digital Converters products. The data Converters enable accurate and a precise conversion performance for a wide range of applications such as healthcare, energy, instrumentation and measurement. Therefore, Analog-to-Digital Converters Converters and applications are provided to facilitate engineering projects right from selection phase to circuit design.
The commercial approach upon selection of ADC architecture for digital applications. Selection mainly depends upon parameters such as resolution, accuracy, noise and speed. Other variables such as input voltage, interface and number of channels are likely to be considered. In common scenarios, several ADC designs can possess their own strengths and weaknesses that results in dictating the type of ADC. Technological innovation for consumer device and automotive equipment is one of the major developments the market has witnessed. Therefore, innovation has a positive influence on penetration and adoption of ADC that drives the revenue growth for ADC market.
Analog to Digital Converters Market Trends, Drivers and Opportunities:
Analog to digital Converters market is highly driven by technological developments in ADC incorporated devices ranging from low to high applications for medical and automotive. In addition, the growing digitalization in business processes in emerging economies and government initiatives are likely to strengthen the market growth during the forecast period. Technological advancements such as bipolar sensors in communication system and consumer goods are likely to trigger the demand in the commercial market. Additionally, creation of smart cities under innovative technologies followed by a significant rise in disposable income of the population contributes as the dynamics of market development. On contrary, complexity and dearth of technical workforce is likely to head up as market challenges.