High-speed Data Converter Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Analog-to-digital Converter, and Digital-to-analog Converter), Frequency Band (<125 MSPS, 125 MSPS to 1 GSPS, and >1 GSPS), Application (Communications, Test & Measurement) and Region - Global Forecast to 2028
[191 Pages Report] The High-Speed Data Converter Market was valued at USD 3.0 billion in 2022 and is projected to reach USD 4.3 billion by 2028; it is expected to grow at a CAGR of 6.4% from 2023 to 2028. potential use of high-speed data converters in developing advanced 5G infrastructure, rapid adoption of IoT devices and data consumption creates lucrative opportunities whereas integration of RF data converters into FPGA and system-on-chip (SoC), and high development cost are major restraint for the growth of the high-speed data converter market.
High-speed Data Converter Market Forecast to 2028
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Market Dynamics:
Driver: Rising demand for test & measurement solutions by end users
Advanced modulation and antenna techniques have improved the data services and voice quality in communications sector. Various networking components such as routers, repeaters, and connectors are thoroughly tested which requires test & measurement instruments, such as RF signal analysis equipment, logic analyzers, signal generators, cable testers, and network analyzers. These equipments widely uses analog-to-digital converters and digital-to-analog converters for signal conversions. This increasing use of analog-to-digital converters and digital-to-analog converters in communication testing equipment is driving the high-speed data converter market. Similarly in industrial sector, the test & measurement equipments are used to measure and monitor various parameters such as quality of product and safety, current, voltage, frequency signal, pressure, and temperature by mobile device manufacturers, network equipment manufacturers and telecom service providers. Thus, the rising demand for test & measurement equipment drives the growth of the high-speed data converter market.
Restraint: High development cost
The development of high-speed data converter is a complex and expensive process, requiring significant investments in research and development. This is due to the need for advanced semiconductor technologies, sophisticated circuit design techniques, and rigorous testing and characterization methodologies to ensure high performance and reliability.
High-speed data converters require the use of cutting-edge semiconductor technologies, such as FinFETs and advanced CMOS processes, which are expensive to develop and manufacture, designing high-speed and high-performance data converters is a complex and time-consuming process, requiring expertise in analog and digital circuit design, as well as signal processing and error correction techniques. High-speed data converters must undergo rigorous testing and characterization to ensure they meet stringent performance and reliability requirements. This testing involves specialized equipment and expertise, adding to the overall development costs.
The high development costs associated with high-speed data converters pose a significant restraint for the market, as they can hinder innovation and limit market entry for new players. However, as the demand for high-speed data conversion continues to grow, advancements in semiconductor technologies and design methodologies could lead to more cost-effective development processes, opening up new opportunities for the high-speed data converter market.
Opportunity: Rapid adoption of IoT devices and data consumption
IoT innovation is mostly focused on digital technology. From robust cloud servers running software to ever-smarter, edge-operating appliances in homes, businesses, and personal electronics. High-speed data converters are essential when working with digital systems interacting with real-time signals. These digital systems must be able to read real-world/time signals for the rapidly growing Internet of Things to reliably transmit vital information. Smart devices such as Alexa, smart wearables, and advanced cars constantly interact with users to provide critical information and perform voice commands. Since the adoption of devices is increasing rapidly, the need for high-speed data converters is also increasing as IoT devices require analog and digital data converters to communicate effectively with users. The exponential rise in data consumption, and the rising usage of IoT devices, are leading to the increased need for analog-to-digital converters (ADCs) and digital-to-analog converters (DACs), which provides lucrative market growth opportunities.
Challenges: Development of low-power consumption high-speed data converters
The high-speed data converter is an electronic circuit that converts the data from analog sensor nodes to the digital domain. During signal conversion, the high-speed data converter consumes large amounts of power. Several types of portable battery-operated equipment have limitations in terms of power capacity. It is one of the key challenges to providing greener designs of high-speed data converters with minimum power consumption.
The Development of low-power consumption high-speed data converters is a challenging task due to the inherent trade-off between power consumption and performance. High-speed data converters typically operate at high sampling rates and resolutions, which demand significant power to achieve the desired performance metrics. However, reducing power consumption is crucial for extending battery life in portable devices, minimizing heat generation in densely packed electronic systems, and improving overall energy efficiency. The packaging of high-speed data converter is critical for protecting the delicate circuitry and for providing electrical connections to the outside world. The packaging must also meet the environmental requirements of the application. Also, these data converters must be rigorously tested to ensure that they meet their performance specifications.
High-speed data converter market map:
By frequency band, the >1 GSPS segment in the high-speed data converter market is expected to grow at the highest growth rate during the forecast period
The high-speed data converter market with a frequency band of >1 GSPS is expected to grow at the highest growth rate during the forecast period from 2023 to 2028. This is fueled by the rapid development of 5G and future generations of wireless communication, artificial intelligence and machine learning, high-performance computing, and advanced radar and imaging systems.
Communications segment account for the largest market share of the high-speed data converter market, by application, during the forecast period
The communications application is expected to hold the largest share of ~65% of the high-speed data converter market in 2022 and is expected to retain its position during the forecast period. Infrastructure manufacturers will likely focus more on research and development to create new and innovative products to fulfill the rising demand for high-speed communication channels. The upcoming 5G infrastructure is anticipated to create opportunities for the providers of high-speed data converters.
Asia Pacific region account for the largest market share of the high-speed data converter during forecast period
The high-speed data converter market in Asia Pacific holds the largest market share and is expected to retain its position during the forecast period from 2023 to 2028, growing at the highest growth rate. Asia Pacific has a strong demand for communication systems, consumer equipment, and white goods. Furthermore, increasing industrial automation would enable the requirement of high-speed data converters integrated into sensor-based systems. Major high-speed data converter providers in the regions are Renesas Electronics Corporation (Japan), ROHM CO., LTD. (Japan), Corebai Microelectronics (Beijing) Co., Ltd. (China), and Atom Semiconductor Technologies Limited (China)
High-speed Data Converter Market by Region
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Key Market Players
Texas Instruments Incorporated (US); Analog Devices, Inc. (US); Infineon Technologies AG (Germany); Microchip Technology Inc. (US); STMicroelectronics (Switzerland); Teledyne Technologies Incorporated (US); ROHM CO., LTD. (Japan); Renesas Electronics Corporation (Japan); Synopsys, Inc. (US); ADSANTEC (US); IQ-ANALOG (US); Omni Design Technologies, Inc. (US); Corebai Microelectronics (Beijing) Co., Ltd. (China); Atom Semiconductor Technologies Limited (China); Data Device Corporation (US); Antelope Audio (US); Agile Analog Ltd. (UK); and Rio Systems (Israel), are some key players operating in the High-speed Data Converter Companies.
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Report Metric |
Details |
Market size available for years |
2019–2028 |
Base year considered |
2022 |
Forecast period |
2023–2028 |
Forecast units |
USD Million/Billion |
Segments Covered |
Type, Frequency Band, Application, and Region. |
Regions covered |
North America, Asia Pacific, Europe, and RoW |
Companies covered |
Some of the leading companies operating in the high-speed data converter market are Texas Instruments Incorporated (US); Analog Devices, Inc. (US); Infineon Technologies AG (Germany); Microchip Technology Inc. (US); STMicroelectronics (Switzerland); Teledyne Technologies Incorporated (US); ROHM CO., LTD. (Japan); Renesas Electronics Corporation (Japan); Synopsys, Inc. (US); ADSANTEC (US); IQ-ANALOG (US); Omni Design Technologies, Inc. (US); Corebai Microelectronics (Beijing) Co., Ltd. (China); Atom Semiconductor Technologies Limited (China); Data Device Corporation (US); Antelope Audio (US); Agile Analog Ltd. (UK); Rio Systems (Israel); Molex (US); TEWS Technologies GmbH (Germany); Numato Systems Private Limited (India); VadaTech (US); Vervesemi Microelectronics Pvt LTD (India); Alphacore Inc. (US); and Koheron (France). |
High-speed Data Converter Market Highlights
This research report categorizes the high-speed data converter market based on Type, Frequency Band, Application, and Region.
Segment |
Subsegment |
By Type |
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By Frequency Band |
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By Application |
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By Region |
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Recent developments
- In November 2023, Synopsys, Inc. (US) and the Indian Institute of Technology Bombay (IIT Bombay) (India) announced the inauguration of the Synopsys Semiconductor Lab for Virtual Fab Solutions at IIT Bombay as part of the Department of Electrical Engineering under the Center for Semiconductor Technologies (SemiX). With the semiconductor industry facing a major talent shortage to meet anticipated future semiconductor demand, SemiX was established at IIT Bombay to provide an interdisciplinary platform for industry-focused research and education, entrepreneurship, and policy studies.
- In November 2023, ROHM CO., LTD. (Japan) announced the acquisition of the assets of Solar Frontier’s former Kunitomi Plant in Japan, based on its basic agreement signed with SOLAR FRONTIER K.K. (Japan). The plant will be operated by LAPIS Semiconductor Co., Ltd. (Japan), a subsidiary of the ROHM Group (Japan), as its Miyazaki Plant No. 2. During 2024, it aims to begin operations as the Group's primary production site for SiC power devices.
- In September 2023, Foxconn (Taiwan) partnered with STMicroelectronics (Switzerland) to establish a 40-nanometer chip plant in India.
Critical questions answered by this report:
What are the key strategies adopted by key companies in the high-speed data converter market?
Product launches, acquisitions, and collaborations have been and continue to be some of the major strategies the key players adopted to grow in the high-speed data converter market.
What region dominates the high-speed data converter market?
The Asia Pacific region will dominate the high-speed data converter market.
What application dominates the high-speed data converter market?
Communications applications are expected to dominate the high-speed data converter market.
Which frequency band segment dominates the high-speed data converter market?
The <125 MSPS segment is expected to have the largest market size during the forecast period.
Who are the major high-speed data converter market companies?
Texas Instruments Incorporated (US), Analog Devices, Inc. (US), Teledyne Technologies Incorporated (US), Infineon Technologies AG (Germany), and Microchip Technology Inc. (US).
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The study involved four major activities in estimating the current size of the high-speed data converter market—exhaustive secondary research collected information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. These secondary sources include high-speed data converter technology journals and magazines, annual reports, press releases, investor presentations of companies, white papers, certified publications and articles from recognized authors, and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
Various primary sources from both supply and demand sides have been interviewed in the primary research process to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the high-speed data converter market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.
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Market Size Estimation
In the complete market estimation process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the high-speed data converter market and other dependent submarkets listed in this report.
- Extensive secondary research has identified key players in the industry and market.
- In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
High-Speed Data Converter Market: Bottom-Up Approach
High-Speed Data Converter Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments and subsegments. The data has been triangulated by studying several factors and trends identified from both the demand and supply sides.
Market Definition
A high-speed data converter is an electronic circuit that converts a signal into a digital or an analog form based on the requirement of the application. It operates at a sampling rate of 10 MSPS to multi-GSPS. These types of converters are highly used for communications applications due to their ability to convert analog signals to a digital form, or vice versa, at high speed and resolution. High-speed data converters are of two types: analog-to-digital converter (ADC) and digital-to-analog converter (DAC).
Key Stakeholders
- Data Converter Manufacturers
- Integrated Device Manufacturers (IDMs)
- Data Converter IP Providers
- Communication Technology, Service, And Solution Providers
- Technology Investors
- Research Institutes and Organizations
Report Objectives
The following are the primary objectives of the study.
- To forecast the size of the high-speed data converter market based on type, application, frequency band, and region, in terms of value
- To describe and forecast the market for various segments across four main regions: North America, Asia Pacific, Europe, and Rest of the World (RoW), in terms of value
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To study the complete value chain and related industry segments and perform a value chain analysis of the high-speed data converter market landscape
- To strategically analyze the ecosystem, regulatory landscape, patent landscape, Porter’s five forces, import and export scenarios, trade landscape, and case studies pertaining to the market under study
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
- To analyze opportunities in the market for the stakeholders by identifying high-growth segments in the market
- To strategically profile the key players and provide a detailed competitive landscape of the high-speed data converter market
- To analyze strategic approaches adopted by the leading players in the high-speed data converter market, including product launches/developments and acquisitions
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in High-speed Data Converter Market