The market is projected to grow at a CAGR of 5.1%.
Key participants include Microchip Technology Inc., Analog Devices Inc., National Instruments, Texas Instruments Incorporated, Sony Corporation, Maxim Integrated, Asahi Kasei Microdevices Co., Adafruit Industries, Renesas Electronics Corporation, and Diligent Inc.įurther key findings from the report suggest Enhancement in technology is also using analog to digital converters in several segments like automotive and consumer electronics. With growing government leadership to digitize working processes and enhancing smart living, along with growing disposable income of the population is rising the acceptance of consumer electronics. North America is expected to be a key revenue generating region in the forecast period.
An analog-to-digital converter (ADC) is an electronic integrated circuit that converts an analog signal (continuous data) into digital form (discrete data). An analog signal is a continually shifting illustration of a state, which can be directly mapped such as video, human voice, radio, and others. Based on statistics, increasing disposable income is expected to become the most common growth interest globally in the coming years.Īnalog-to-Digital Converters are used to transform signals from analog to digital signals. This can be mainly associated with Enhanced growth in disposable income and technological advancements globally. Market Size – USD 2.66 Billion in 2020, Market Growth – CAGR of 4.9%, Market Trends – Global digitization of work processesĪnalog-to-Digital Converters market is expected to reach USD 3.88 Billion by 2028, according to a new report by Reports and Data. Enhanced growth in disposable income and technological advancements are the major factors influencing market growth.