Data is basically of two forms: analog and digital in process and communication sector. Some processes require digital data while some require analog, the converter which converts the digital data into analog is called analog digital converter (ADC), and the converter which converts analog into digital data is called digital analog converter (DAC). There are various methods for data conversion. The data converters market is expanding due to the high demand and integration of smart devices. A particular operating system works in a particular manner and with either of two types of data, analog or digital, so as each time data variable is changed, the data is converted according to the operating system. Demand for data converters for consumer electronics devices is significant for functions such as network signal processing, image processing, video calling and others through smartphones and tablets. Smart data converters allow a designer to employ the most cost-effective data processes and make the programming simpler, which improves the performance of the system. Several companies are working on creating a converter which consumes low power so that it becomes cost-effective, as there is demand for data converters in the market.
Major factors driving the data converters market are the increasing usage of smart devices, mergers and acquisitions, collaborations, product launches and developments, implemented by the companies operating in the data converter market, rising demand for test and measurement solutions by end-users, and the rise in demand for high-resolution images in scientific and medical applications. Radio frequency (RF) sampling data converters are witnessing a significant demand, as they enable system designers to utilize applications that comprise communication systems. However, the major restraining factors for the market are the integration of RF data converters into FPGA and system-on-chip (SoC) and a lack of knowledge about how much and where they need to be utilized in smart devices. Some companies still employ radio frequency data converters for simple and basic functions such as video calling, video streaming, image capture, and touch sensing. The manufacturing sectors are still not using these converters due to less availability and a lack of knowledge.
The data converter market is segmented based on application, industries, region, and type. In terms of type, the data converter market is segregated into high speed data converter and standard data converter. The industries where these data converter are used are consumer electronics, automotive, and manufacturing. Different features such as electronic stability program (EPS), anti-lock braking system (ABS), and remote key-less entry require data converter systems. The microcontroller unit (MCU) controls a wide range of components in a vehicle. The data converter market is estimated to expand at a steady pace, due to the rise in demand for data converters in the automotive informative systems. Moreover, the increase in network penetration, which works on the rate of 3G/4G compatibility in smartphones, is also estimated to fuel the data converters market.
In terms of region, the global data converters market is segmented into North America, Asia Pacific, Rest of the World, and Europe. North America is the leading manufacturer of smart phones, PCs, tablets, and other devices, and witnesses high demand for data converters. Asia Pacific and Europe followed North America in the global data converters market in 2016 Companies are working in partnerships in the market for the enhancement of data converters solutions to propel the market opportunities.
Key players operating in the data converter market include Asahi Kasei Microdevices, Avia Semiconductor (Xiamen), Cirrus Logic, Datel, Faraday Technology, Intersil (Renesas), Iq-Analog, Maxim Integrated, Microchip Technology, Nxp Semiconductors, On Semiconductor, Rohm, and Texas Instruments.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.