The Asia Pacific Analog-to-Digital Converter market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The growing demand for advancements in the data acquisition arena and an increase in the demand for high-resolution content are the key factors driving the growth of the analog-to-digital converter market. Moreover, the increasing technological developments in the automotive industry is anticipated to boost the analog-to-digital converter market growth in the near future. The data acquisition solutions support in measuring voltage, current, temperature, and other parameters. It processes the data for display and analysis.
Advancements in the data acquisition arena, including the inclusion of network connectivity, data analysis & reporting software, and remote control & monitoring options is steering the market demand for analog-to-digital converters. At the core of these systems is an ADC. This chip receives data from the environment, and it is converted into discrete levels that are interpreted by the processors. These discrete levels resemble the smallest measurable change in the signal that is being measured. The resolution of an analog-to-digital converter is fundamentally analogous to the ticks denoted on a measuring stick. Measuring sticks with mm ticks have more resolution than those with cm ticks. The data acquisition system demand is anticipated to grow in the forecast period on account of technological advances and automation trend in industries. This, in turn, is supporting the growth of analog-to-digital converter market.
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China dominated the analog-to-digital converter market in 2018 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. 5G is cited as a priority in the government’s 13th Five-year Plan. The government has granted contracts to technology heavyweights ZTE and Huawei, around US$72 Mn for technology development to start with the 5G deployments. China’s largest telecommunication providers aim to invest nearly US$ 411 Bn for the introduction 5G by 2030. In addition to this, China Mobile conducts 5G trials with an aim to commence use of 5G by 2019 with 10, 000 5G base stations by 2020. Also, in 2019, Huawei presented a first core chip particularly developed for 5G base stations.
These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for Asia Pacific Analog-to-Digital Converter in the market.
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Asia Pacific Analog-to-Digital Converter Market – MARKET SEGMENTATION
By Product Type
- Integrating ADC
- Delta-sigma ADC
- Succesive Approximation ADC
- Ramp ADC
- Consumer Electronics
- South Korea
- Rest of APAC
Analog-to-digital converter Market – Companies Mentioned
- Asahi Kasei Microdevices Corporation
- Analog Devices Inc.
- Cirrus Logic Inc.
- Maxim Integrated, Inc.
- Microchip Technology Inc.
- ON Semiconductor Corporation
- Rohm Co., Ltd.
- Renesas Electronics Corporation
- Sony Corporation
- Texas Instruments Incorporated
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