According to the European Automobile Manufacturers’ Association (ACEA), ~85.4 million motor vehicles were produced worldwide in 2022, recording an increase of 5.7% compared to 2021. Thus, an upsurge in vehicle production generates the demand for analog to digital converters, which are used in sensing applications. Automakers across the world are experiencing a rising demand for vehicles incorporated with smart devices. As a result, they continuously focus on innovating, designing, and developing autonomous cars. The growth trajectory of fully autonomous cars highly depends upon parameters such as consumer preference to adopt fully automated cars, technological improvements, pricing, and concerns related to the safety of vehicles. Consumers’ inclination toward smart and fully autonomous cars indicates huge opportunities for companies in the analog to digital converter market.
Analog to Digital Converter Market: Industry Overview
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).
The US, Canada, and Mexico are the major contributors to the North American analog to digital converter market growth. The accessibility to efficient infrastructure in these developed countries has facilitated the manufacturers to exploit the limits of technology, science, and commerce. The US is a developed country with a high acceptance of modern technologies, elevated standards of living, advanced infrastructure, and so on. Technological advancements have led to a substantially competitive marketplace in North America. Companies in the analog to digital converter market in North America focus on improving the overall business processes to efficiently meet customers’ demand for superior-quality products and services. The region has a renowned semiconductor manufacturing industry. Advanced semiconductors have transformed many industries and sectors, such as aerospace and automotive. Global foundries have stepped forward to make sizable investments in the North American semiconductor industry. Such investments would allow the manufacturers of analog to digital converter DC chips to expand their production capacities in the region.
With the introduction of new wireless technologies such as 5G, demand for analog to digital converter (ADC) is projected to grow rapidly in the coming years. Therefore, government bodies in Canada and the US are making significant efforts to support the progress of 5G technology through new spectrum allocations and infrastructure deployment. In 2019, Intel Corporation stated its plans to roll out its 5G silicon chips for smartphones and other gadgets. The roll-out of 5G communication, along with devices instrumental to these communications, is anticipated to nurture the analog to digital converter market size in North America in the coming years.
Analog to Digital Converter Market: Competitive Landscape and Key Developments
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 leading players profiled in the analog to digital converter market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their market growth. A few of the key developments in the analog to digital converter market are mentioned below.
- In June 2023, Brite Semiconductor (Brite) launched a high-precision 16-bit successive approximation analog to digital converter to cater to high-precision industrial-grade applications of analog to digital converters in industrial control, energy, and Artificial Intelligence of Things (AIoT) fields.
- In March 2023, Renesas Electronics Corporation introduced a new RA6T2 hybrid 16-bit analog to digital converter that can improve the efficiency and accuracy of motor control systems. These converters can provide high-speed and high-precision detection of parameters such as motor position, speed, current, and voltage.