Data Converter Market in Telecom Sector is Projected to Grow At A Significant Rate by 2024

The Data Converter Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

Based on the end-use industry, the data converter market is classified into test & measurement (T&M), healthcare, industrial, consumer electronics, telecom, and automotive sectors. The telecom sector is witnessing an increase in investments to meet the rising demand for growing data consumption and high-speed internet from enterprises and consumers. Data center operators and telecom service providers are investing a high capital in setting up data centers and network infrastructure respectively as converters are the vital components of the manufactured products, propelling the data converter market growth.

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The substantial growth of data converter market can also be attributed to the high demand and integration of smart devices such as tablets and smartphones. These devices are implementing these converters for video calling, network signal processing, touch sensitivity, call signal, and image processing uses. Leading companies, such as Apple, Inc., LG Corporation, Nokia Corporation, Samsung Electronics, Co., Ltd., and Sony Corporation, are using these converters in their Test & Measurement (T&M) applications.

The data converter market is segmented by type and end-use industry. The industry is classified into Analog to Digital Converter (ADC) and Digital to Analog Converter (DAC). The ADC converter helps in converting audio signals from audio equipment and makes them perceptible for the listeners while the DAC converts digital signals into analog signals. DAC is mainly implemented in audio output equipment such as speakers. To meet the rising demand for data consumption, and high-speed internet, the converters are being used in several products such as multiplexers, base stations, microwave radios, servers, routers, and switches.

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The Asia Pacific data converter market is anticipated to witness a substantial growth during the forecast timeline. Countries, such as China, Japan, Taiwan, and South Korea, will contribute majorly to the growth as it is a key manufacturing hub for smart devices, computers, and laptops. In addition, the presence of several semiconductor companies in the region has stimulated the data converter market growth. In the last few years, China and India have witnessed a rise in demand for these advanced products owing to the growth in 3G/4G subscriptions.

Companies operating in the data converter market are Analog Devices, Inc., Asahi Kasei Microdevices Corporation, Avia Semiconductor (Xiamen) Co., Ltd., Cirrus Logic, Inc., Datel, Faraday Technology Corporation, Honeywell International, Inc., Intersil, IQ-Analog Corporation, Maxim Integrated, MaxLinear, Micro Analog, Inc., Microchip Technology, Inc., Microsemi Corporation, National Instruments Corporation, NXP Semiconductors N.V., Nuvoton Technology Corporation, Nisshinbo Holdings, Inc., On Semiconductor, ROHM Semiconductor, Silicon Laboratories, Inc., STMicroelectronics, and Texas Instruments, Inc.

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