North America Analog-to-Digital Converter Market Growth Opportunities and Forecast by 2027

Analog-to-digital converter market in North America is expected to grow from US$ 812.4 Mn in 2018 to US$ 1,358.0 Mn by the year 2027 with a CAGR of 6.0% from the year 2019 to 2027.

The increasing demand for advanced data acquisition systems and rising demand for high-resolution content are the major factors propelling the growth of the analog-to-digital converter market. Moreover, the rising demand for advanced technologies in the automotive industry is anticipated to boost the analog-to-digital converter market growth in the near future. The automakers globally are observing substantial demand for smart devices in their vehicles. This has led the automobile manufacturers to continuously focus on innovating, designing, and developing autonomous cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. Pertaining to the consumers' demand and attraction toward smart and fully-autonomous cars, the market of ADC is surrounded with huge opportunities. The growth trajectory of fully-autonomous cars is largely anticipated to depend upon several parameters such as technological improvements, consumer preference to adopt fully-automated cars, pricing as well as the ability of the suppliers and OEMs to address the critical concerns related to the safety of the vehicles. Attributing to these parameters, both the industry players i.e., automotive and semiconductor industry are constantly focusing on improving technologies, negotiating prices of raw materials, and finally integrating the cars with robust technologies. This factor triggers the growth of the analog-to-digital converter market as well to ensure better performance of driverless cars in the coming years.

Analog-to-digital converter market by resolution is classified into 8-bit, 10-bit, 12-bit, 14-bit, 16-bit, and others. The integration of different resolutions is based on the requirements of various applications. 12-bit resolution type led the analog-to-digital converter market in the year 2018. 16-bit type is projected to surpass and take the lead over the future. A 12-bit ADC typically has a resolution of 1.22mV. The adoption of 12-bit for 5G communication is opportunistic for market growth. In May 2019, Texas Instruments had released an innovative, ultra-high-speed ADC with the widest bandwidth in the industry, lowest consumption of power, and fastest sampling rate. This converter is expected to help the engineers to achieve efficient measurement accuracy for the applications of 5G testing, oscilloscopes, and radar applications (direct X-band sampling).

The US dominated the analog-to-digital converter market in 2018 and is expected to dominate the market with the highest share in the North America region through the forecast period. The US is an economically advanced country and therefore hosts continuous improvements in the telecommunications technologies and infrastructure. The mobile operator market in the country is dominated by four major players—Verizon, Sprint, T-Mobile, and AT&T; these players are currently investing huge amounts in the evolution of the 5G technology. Automotive is another booming industry in the country. In January 2016, the government bodies revealed an ambitious 10-year plan worth of US$4 Bn to fuel further advancements in autonomous vehicles and boost the deployment of the same in the country. Therefore, the projected increase in the manufacturing of automobiles integrated with advanced technologies is expected to broaden the scope of the analog-to-digital converter market during 2019–2027. The figure given below highlights the revenue share of the Mexico in the analog-to-digital converter market in the forecast period:

NORTH AMERICA ANALOG-TO-DIGITAL CONVERTER MARKET SEGMENTATION

By Product Type

• Integrating ADC
• Delta-sigma ADC
• Successive Approximation ADC
• Ramp ADC
• Others

By Resolution

• 8-bit
• 10-bit
• 12-bit
• 14-bit
• 16-bit
• Others

By Application

• Industrial
• Consumer Electronics
• Automotive
• Healthcare
• Telecommunication
• Others

By Country

• US
• Canada
• Mexico

Analog-to-digital converter Market - Companies Mentioned

• Asahi Kasei Microdevices Corporation
• Analog Devices Inc.
• Cirrus Logic Inc.
• Maxim Integrated, Inc.
• Microchip Technology Inc.
• ON Semiconductor Corporation
• Rohm Co., Ltd.
• Renesas Electronics Corporation
• Sony Corporation
• Texas Instruments Incorporated

North America Analog-to-Digital Converter Report Scope