Analog to Digital Converter Market Size Report, Share & Growth Trends 2030

Analog to Digital Converter Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)

Publication Month : Dec 2023

  • Report Code : TIPRE00034165
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 208
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[Research Report] The analog to digital converter market size was valued at US$ 3.87 billion in 2022, and it is expected to reach US$ 6.29 billion by 2030. The market is estimated to record a CAGR of 6.3% from 2022 to 2030.

Analyst Perspective:

Data converters play a critical role in the enablement of high-resolution content for ultra-high-quality playback music experience. These converters filter unwanted noises and ensure low power consumption to maximize the battery life of devices such as headphones. The manufacturer witness increasing demands for faster conversion speed and higher resolution. Several developments are underway in the analog to digital converter market to attain higher accuracy, wider dynamic range, and effective compatibility. Advancements in new oversampling techniques have prominently helped in the cost reduction of converters. According to many manufacturers, the demand for higher resolution among data acquisition system designers is attributed to their aim to utilize each bit of the resolution. Higher-resolution converters provide critical and additional details about the data.

Advancements in communications such as the rollout of 5G, are predicted to open up new application areas for analog to digital converters. The analog to digital converter (ADC) are integrated into 5G base stations for converting analog values into digital values for users’ benefit. Countries such as India, China, the US, Germany, and Brazil are experiencing a rise in the 5G trials. Further, ADCs are also used in the automotive sector and have applications in telematics systems and LiDAR. ADCs are required in myriad industries, such as semiconductor, automotive, telecommunication, and industrial. They are also used for imaging charge-coupled device (CCD) , including scanners, digital cameras, camcorders, and test instrumentation.

Analog to Digital Converter Market Overview:

Analog-to-digital converters (ADCs) help convert data from analog signals received from environmental phenomena into digital signals. The entire conversion includes several steps, such as sampling, quantization, and coding. ADCs are the essential components as analog values must be converted to digital values for further processing. Various types of ADCs present in the market include simultaneous or flash ADCs; tracking-type ADCs; counter-type ADCs; successive approximation type ADCs; sigma-delta ADCs; and single-, dual-, and multi-slope ADCs. These converters find applications in digital signal processing (microcontrollers, TV tuner cards, digital storage oscilloscopes), scientific instruments (digital imaging systems, temperature sensors, radar systems), and digital audio (sound recording, digital audio workstations, and, pulse-code modulation).

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Analog to Digital Converter Market: Strategic Insights

Market Size Value inUS$ 3.87 billion in 2022
Market Size Value byUS$ 6.29 billion by 2030
Growth rateCAGR of 6.3% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Analog to Digital Converter Market Driver:

Rise in demand for Consumer Electronics Drives Analog to Digital Converter Market Growth

The growing urbanization and rising disposable income have been the major enablers of the proliferation of the electronics industry. According to the US Bureau of Economic Analysis, in March 2023, disposable personal income (DPI) in the US rose by 0.5% in February 2023 compared to January 2023. The growth in people's disposable income contributes to the strong purchasing power, which bolsters the sales of television sets, microwaves, and other consumer electronics. Further, a rise in government initiatives to boost domestic production output plays a crucial role in boosting the electronic industry in different countries. According to the Ministry of Electronics & IT, in March 2023, Indian electronics manufacturing is expected to reach US$ 300 billion by 2025–2026. The government's strategic steps and initiatives favor progress of the electronics industry. Under the India’s National Policy on Electronics 2019 (NPE 2019), special schemes are introduced for large-scale electronics manufacturing.

The ever-increasing demand for consumer electronic devices such as smartphones, tablets, smart TVs, gaming devices, AR/VR devices, and smart speakers is propelling the consumer electronics industry. ADCs are deployed in the most advanced electronics and applications. It helps convert the real-world input to a digital signal for processing and storage. The surging demand for audio ADCs in the manufacturing of consumer audio and home theater systems is proliferating the analog to digital converter market growth.

Analog to Digital Converter Market Report Segmentation and Scope:

The analog to digital converter market is segmented on the basis of type, resolution, application, and geography. Based on type, the market is categorized into integrating converters, delta-sigma converters, successive approximation converters, ramp analog to digital converters, and others. Based on resolution, the analog to digital converter market is categorized into 8-bit, 10-bit, 12-bit, 14-bit, 16-bit, and others. By application, the analog to digital converter market is segmented into industrial, consumer electronics, automotive, healthcare, telecommunication, and others. In terms of geography, the analog to digital converter market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

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Analog to Digital Converter Market Segmental Analysis:

Based on type, the analog to digital converter market is segmented into integrating ADCs, delta-sigma ADCs, successive approximation ADCs, ramp ADCs, and others. The successive approximation ADCs segment held the largest share of the market in 2022. A successive approximation ADC converts continuous analog waveform into discrete digital outcomes with the help of a binary search across all the possible levels of quantization. It is the most efficient and powerful type of ADC as it provides higher resolution with lower power consumption in a wide range of end products that are required in precise measurements, such as medical devices, scientific instruments, and industrial automation systems. In addition, successive approximation ADCs are widely used in battery-powered applications, wherein power consumption is the main concern. Fast conversation speed makes them suitable for real-time applications such as audio and video processing.

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Analog to Digital Converter Market Regional Analysis:

The analog to digital converter market in North America was valued at US$ XX million in 2022 and is projected to reach US$ XX million by 2030; it is expected to register a CAGR of XX% from 2022 to 2030. The North American market is segmented into the US, Canada, and Mexico. The US held the largest share of the North American analog to digital converter market in 2022. The country is home to major market players such as Analog Devices, Inc.; Cirrus Logic, Inc.; Microchip Technology Inc.; and Texas Instruments Incorporated. The US is a manufacturing, IT, and automotive hub, among other sectors that require technologically advanced solutions for precision and accuracy in production and other processes. The Bipartisan Infrastructure Law, signed by US President Biden, is a once-in-a-generation investment in the infrastructure of the US. The projected rise in the telecom infrastructure with such initiatives further fuels the adoption of ADCs in North America.

Analog to Digital Converter Market Key Player Analysis:

Asahi Kasei Microdevices Corporation; Analog Devices, Inc.; Cirrus Logic, Inc.; Microchip Technology Inc.; Semiconductor Components Industries, LLC; ROHM CO., LTD.; Renesas Electronics Corporation.; STMicroelectronics; Texas Instruments Incorporated; and Teledyne Technologies Inc are among the key companies operating in the market.

Analog to Digital Converter Market Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the analog to digital converter market. A few recent key market developments are listed below:

  • In February 2023, Agile Analog unveiled its first customizable, process-agnostic, 12-bit analog to digital converter IPs in response to the growing demand for these converters for higher resolutions.
  • In September 2023, Renesas Electronics Corporation launched a new product to its popular RL78 microcontroller (MCU) family, which includes 8- and 16-bit devices for power-sensitive applications. One of the key features of the newly launched RL78/G24 Series is its 12-bit analog to digital converter, capable of simultaneous sampling of 3 channels with a maximum conversion speed of 1 microsecond (µs).
  • In March 2019, Microchip Technology Inc. launched 12 new successive approximation register (SAR) analog to digital converters to address automotive and industrial applications demanding higher-speed and higher-resolution analog-to-digital conversion.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Resolution, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions

What are the future trends of the Analog to digital converter market?

Development in the growing economies can be a beneficial trend for the analog to digital converter market.

Which country is holding the major market share of analog to digital converter market?

The US held the largest market share in 2022, followed by China.

What is the estimated global market size for the analog to digital converter market in 2022?

The analog to digital converter market was US$ 3.87 billion in the year 2022 and is expected to grow at a CAGR of 6.3%, during 2022 - 2030.

What are the driving factors impacting the analog to digital converter market?

The rise in the demand for enhanced data acquisition system is one of the drivers of the analog to digital converter market.

Which are the key players holding the major market share of Analog to digital converter market?

The key players, holding majority shares, in analog to digital converter market includes Analog Devices, Inc.; Cirrus Logic, Inc.; Semiconductor Components Industries, LLC; Renesas Electronics Corporation; and Texas Instruments Incorporated.

Which is the fastest growing region market?

APAC is anticipated to grow with the highest CAGR over the period 2022-2030.

The List of Companies - Analog to Digital Converter Market

  1. Analog Devices, Inc.
  2. Asahi Kasei Corporation
  3. Cirrus Logic, Inc.
  4. Maxim Integrated Products, Inc.
  5. Microchip Technology Inc.
  6. Renesas Electronics Corporation
  7. ROHM Semiconductor
  8. Semiconductor Components Industries LLC
  9. STMicroelectronics NV
  10. Texas Instruments Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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