Data Converters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 02/20/2017 -- Data converter is a device used for conversion of data from digital form into analog or vice-versa. The data conversion takes place in multiple methods. The computer hardware is built on certain standards and it stores the data. Similarly, an operating system is built to match the hardware, which manages the files and stores the data. Moreover, computer programs differ with each other and manage the data in a unique way. Each time the data variable is changed, the data needs to be processed or converted in such a manner that it can be decoded by the particular operating system. Data conversion can be highly simple. For instance, conversion of basic text files, which involves character encoding from one system to another. Data conversion may also involve complex data conversion wherein audio files are converted to image files.
One of the factors driving the global data converters market is emergence of radio frequency (RF) sampling data converters. There has been rising demand for these data converters, as they enable system designers to use applications that comprise communication systems. Increasing demand for high-speed data converters, which are employed in electronic warfare, is expected to drive the global data converters market in the next few years. There has been rising demand for up-to-date designs for electronic warfare which require data converters. Data converters provide Nyquist frequency, which is greater than 2 GHz.
By application, the data converters market has been segmented into automotive, industrial consumer electronics, and wireless infrastructure. Data converters with up-to-date features have been introduced in the automotive industry. Innovative features such as electronic stability program (EPS), anti-lock braking system (ABS), remote key-less entry, and multiple display panels require data converter systems. The microcontroller unit (MCU) controls a wide range of components in the vehicle. Moreover, the rise in demand for automotive infotainment systems is estimated to propel the market for data converters in the next few years. Consumer electronics is the second major segment of the global data converters market. Data converters have extensive applications in consumer electronic appliances such as tablets, smart phones, and notebooks. Data converters are required in converting the data for basic functions such as video streaming, video calling, touch sensing, and image capture. Moreover, the rise in network penetration, which drives the rate of 3G/4G compatibility in smart phones, is also projected to propel the global data converters market.
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Geographically, the global data converters market can be segmented into North America, Asia Pacific, Rest of the World, and Europe. Asia Pacific was the leading contributor to the global data converters market in 2015. Asia Pacific is the leading manufacturer of smart phones, PCs, tablets, and other portable computing devices and it witnesses high demand for data converters. North America and Europe followed Asia Pacific in the global data converters market in 2015. Asia Pacific is anticipated to lead the global market in the next few years.
Some of the key vendors operating in the global data converters market include Analog Devices (the U.S.), NXP Semiconductors (The Netherlands), Texas Instruments (the U.S.), STMicroelctronics (Switzerland), and Maxim Integrated (the U.S.). Most of these major players are partnering with customers to obtain strong knowledge about the requirement for data converters before designing the device. For instance, Analog Devices (the U.S.) has partnered with Apple Inc. to provide integrated circuits for Apple's phone 6S.