Ocean View, DE -- (SBWIRE) -- 12/17/2018 -- 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.

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.

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An enhanced demand for high-speed data converter market will be witnessed in the coming years owing to the ongoing developments in the wireless communication networks such as the 5G technology. To develop innovative high-performance communication applications, several network infrastructure manufacturers are investing in high-speed solutions, which have enhanced the demand for the converters. The rise in the network penetration in several regions and the high rate of 4G compatibility in smart devices will fuel the data converter market.
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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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. Companies are increasingly focusing on innovative strategies such as agreements, collaborations, mergers and acquisitions, and product developments and promotions to expand their regional presence and improve the product offerings.

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