Rising Demand Of High-Resolution Images In Healthcare Applications Is Expected To Grow The Data Converter Market
Published On: March 2019 | Category: Semiconductor

Analog and digital are the two forms of data in process and communication sector. There is different process required digital data while some need analog. Data converter converts digital data into analog and analog data into digital known as analog digital converter (ADC) and digital analog converter (DAC) simultaneously. Increasing demand and integration of smart devices such as tablets and smartphones are the factors drives the data converter market.

Growing demand for high-speed data converter market will be observed in the coming years due to the continue developments in the wireless communication networks such as the 5G technology. To develop advanced high-performance communication applications, numerous network infrastructure manufacturers are investing in high-speed solutions, which have enhanced the demand for the converters. The rise in the network penetration in some regions and the high rate of 4G compatibility in smart devices will fuel the data converter market. The restrictions on latency due to the technical limitations in the manufacturing processes may hamper the growth of the data converter market. Growing investment in communication industry will change the future of the Information and Communication Technologies (ICT) sector. For instance, in April 2017, U.S. telecom companies expended a total of USD 19.8 billion for the use of several 5G-compatible segments of electromagnetic spectrum in the latest Federal Communications Commission (FCC) spectrum auction. In addition, India's Reliance Jio focus on creating intellectual properties around 5G through engagement with academia and other stakeholders. Recently, in March 2018, 5TONIC Labs, Telefónica, and Cohere Technologies announced that the companies have cooperated in successful trials to test Cohere Technologies' new 5G turboConnect™ Fixed Wireless Access (FWA) solution. In past years, North America dominated the data converter market, but Asia Pacific is growing to hold the largest of the data converter market during the forecast period.

Analog Devices, Texas Instruments, Maxim Integrated, Cirrus Logic, Microchip Technology, Intersil (Renesas), DATEL, Asahi Kasei Microdevices, Avia Semiconductor (Xiamen), IQ-Analog are some of the leading companies involved in data converter market.

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