This report describes and explains the data converter market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global data converter market reached a value of nearly $4.72 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.88% since 2019. The market is expected to grow from $4.72 billion in 2024 to $6,798. 41 million in 2029 at a rate of 7.54%. The market is then expected to grow at a CAGR of 7.91% from 2029 and reach $9.94 billion in 2034.
Growth in the historic period resulted from the strong economic growth in emerging markets, growing adoption of connected devices or IoT devices, growing aerospace and defense industries, growing automotive industry and increasing digital transformation. Factors that negatively affected growth in the historic period were growing data breach threats and rise in cybersecurity concerns.
Going forward, increasing adoption of 5G networks, increasing adoption of smartphones and increasing number of data centers will drive the growth. Factor that could hinder the growth of the data converter market in the future include lack of digital literacy.
The global data converter market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 34.52% of the total market in 2023. Analog Devices, Inc. was the largest competitor with a 6.92% share of the market, followed by Texas Instruments Incorporated. with 6.11%, STMicroelectronics NV. with 5.61%, Infineon Technologies AG. with 4.25%, Microchip Technology Inc. with 2.84%, ON Semiconductor Corporation. with 2.51%, Asahi Kasei Microdevices Corporation. with 1.93%, ROHM Co. Ltd. with 1.58%, Cirrus Logic Inc. with 1.52% and NXP Semiconductors N.V. with 1.24%.
Asia Pacific was the largest region in the data converter market, accounting for 33.85% or $1.59 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the data converter market will be Asia Pacific and South America where growth will be at CAGRs of 10.89% and 9.58% respectively. These will be followed by Eastern Europe and Middle East where the markets are expected to grow at CAGRs of 7.75% and 7.51% respectively.
The data converter market is segmented by type into analog-to-digital converters and digital-to-analog converters. The analog-to-digital converters market was the largest segment of the data converter market segmented by type, accounting for 69.59% or $3.28 billion of the total in 2024. Going forward, the digital-to-analog converters segment is expected to be the fastest growing segment in the data converter market segmented by type, at a CAGR of 8.73% during 2024-2029.
The data converter market is segmented by sampling rate into high-speed data converters and general-purpose data converters. The high-speed data converters market was the largest segment of the data converter market segmented by sampling rate, accounting for 71.89% or $3.39 billion of the total in 2024. Going forward, the high-speed data converters segment is expected to be the fastest growing segment in the data converter market segmented by sampling rate, at a CAGR of 8.38% during 2024-2029.
The data converter market is segmented by application into communications, automotive, consumer electronics, industrial process control and automation, medical, testing and measurement and other applications. The communications market was the largest segment of the data converter market segmented by application, accounting for 24.68% or $1.16 billion of the total in 2024. Going forward, the consumer electronics segment is expected to be the fastest growing segment in the data converter market segmented by application, at a CAGR of 9.91% during 2024-2029.
The data converter market is segmented by rate type into upto 5Gsps and 5Gsps to 200Gsps. The upto 5Gsps market was the largest segment of the data converter market segmented by rate type, accounting for 58.51% or $2.76 billion of the total in 2024. Going forward, the 5Gsps to 200Gsps segment is expected to be the fastest growing segment in the data converter market segmented by rate type, at a CAGR of 9.15% during 2024-2029.
The data converter market is segmented by power consumption into low (< 100 mW), medium (100 mW-1 W) and high (>1 W). The low (< 100 mW) market was the largest segment of the data converter market segmented by power consumption, accounting for 45.67% or $2.15 billion of the total in 2024. Going forward, the high (>1 W) segment is expected to be the fastest growing segment in the data converter market segmented by power consumption, at a CAGR of 9.02% during 2024-2029.
The top opportunities in the data converter market segmented by type will arise in the analog-to-digital converters segment, which will gain $1.32 billion of global annual sales by 2029. The top opportunities in the data converter market segmented by sampling rate will arise in the high-speed data converters segment, which will gain $1.68 billion of global annual sales by 2029. The top opportunities in the data converter market segmented by rate type will arise in the 5Gsps to 200Gsps segment, which will gain $1.07 billion of global annual sales by 2029. The top opportunities in the data converter market segmented by power consumption will arise in the low (< 100 mW) segment, which will gain $947.35 million of global annual sales by 2029. The top opportunities in the data converter market segmented by application will arise in the consumer electronics segment, which will gain $653.5 million of global annual sales by 2029. The data converter market size will gain the most in China at $629.08 million.
Market-trend-based strategies for the data converter market include high-performance Ethernet streaming for avionics data conversion, cutting-edge media conversion for next-gen XR and immersive technologies, launching new software and launching new data conversion tools.
Player-adopted strategies in the data converter market include focus on strengthening its business operations through the launch of new products and strategic partnerships.
To take advantage of the opportunities, the analyst recommends the data converter companies to focus on high-performance ethernet streaming for avionics data conversion, focus on media conversion for XR applications, focus on software-driven innovation, focus on developing specialized data conversion tools, focus on the digital-to-analog converters segment, expand in emerging markets, continue to focus on developed markets, focus on expanding omnichannel distribution, focus on competitive tiered pricing, focus on digital engagement with industry-specific content, focus on strategic partnerships with OEMs and system integrators and focus on high-performance data converters for consumer electronics.
The global data converter market reached a value of nearly $4.72 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.88% since 2019. The market is expected to grow from $4.72 billion in 2024 to $6,798. 41 million in 2029 at a rate of 7.54%. The market is then expected to grow at a CAGR of 7.91% from 2029 and reach $9.94 billion in 2034.
Growth in the historic period resulted from the strong economic growth in emerging markets, growing adoption of connected devices or IoT devices, growing aerospace and defense industries, growing automotive industry and increasing digital transformation. Factors that negatively affected growth in the historic period were growing data breach threats and rise in cybersecurity concerns.
Going forward, increasing adoption of 5G networks, increasing adoption of smartphones and increasing number of data centers will drive the growth. Factor that could hinder the growth of the data converter market in the future include lack of digital literacy.
The global data converter market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 34.52% of the total market in 2023. Analog Devices, Inc. was the largest competitor with a 6.92% share of the market, followed by Texas Instruments Incorporated. with 6.11%, STMicroelectronics NV. with 5.61%, Infineon Technologies AG. with 4.25%, Microchip Technology Inc. with 2.84%, ON Semiconductor Corporation. with 2.51%, Asahi Kasei Microdevices Corporation. with 1.93%, ROHM Co. Ltd. with 1.58%, Cirrus Logic Inc. with 1.52% and NXP Semiconductors N.V. with 1.24%.
Asia Pacific was the largest region in the data converter market, accounting for 33.85% or $1.59 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the data converter market will be Asia Pacific and South America where growth will be at CAGRs of 10.89% and 9.58% respectively. These will be followed by Eastern Europe and Middle East where the markets are expected to grow at CAGRs of 7.75% and 7.51% respectively.
The data converter market is segmented by type into analog-to-digital converters and digital-to-analog converters. The analog-to-digital converters market was the largest segment of the data converter market segmented by type, accounting for 69.59% or $3.28 billion of the total in 2024. Going forward, the digital-to-analog converters segment is expected to be the fastest growing segment in the data converter market segmented by type, at a CAGR of 8.73% during 2024-2029.
The data converter market is segmented by sampling rate into high-speed data converters and general-purpose data converters. The high-speed data converters market was the largest segment of the data converter market segmented by sampling rate, accounting for 71.89% or $3.39 billion of the total in 2024. Going forward, the high-speed data converters segment is expected to be the fastest growing segment in the data converter market segmented by sampling rate, at a CAGR of 8.38% during 2024-2029.
The data converter market is segmented by application into communications, automotive, consumer electronics, industrial process control and automation, medical, testing and measurement and other applications. The communications market was the largest segment of the data converter market segmented by application, accounting for 24.68% or $1.16 billion of the total in 2024. Going forward, the consumer electronics segment is expected to be the fastest growing segment in the data converter market segmented by application, at a CAGR of 9.91% during 2024-2029.
The data converter market is segmented by rate type into upto 5Gsps and 5Gsps to 200Gsps. The upto 5Gsps market was the largest segment of the data converter market segmented by rate type, accounting for 58.51% or $2.76 billion of the total in 2024. Going forward, the 5Gsps to 200Gsps segment is expected to be the fastest growing segment in the data converter market segmented by rate type, at a CAGR of 9.15% during 2024-2029.
The data converter market is segmented by power consumption into low (< 100 mW), medium (100 mW-1 W) and high (>1 W). The low (< 100 mW) market was the largest segment of the data converter market segmented by power consumption, accounting for 45.67% or $2.15 billion of the total in 2024. Going forward, the high (>1 W) segment is expected to be the fastest growing segment in the data converter market segmented by power consumption, at a CAGR of 9.02% during 2024-2029.
The top opportunities in the data converter market segmented by type will arise in the analog-to-digital converters segment, which will gain $1.32 billion of global annual sales by 2029. The top opportunities in the data converter market segmented by sampling rate will arise in the high-speed data converters segment, which will gain $1.68 billion of global annual sales by 2029. The top opportunities in the data converter market segmented by rate type will arise in the 5Gsps to 200Gsps segment, which will gain $1.07 billion of global annual sales by 2029. The top opportunities in the data converter market segmented by power consumption will arise in the low (< 100 mW) segment, which will gain $947.35 million of global annual sales by 2029. The top opportunities in the data converter market segmented by application will arise in the consumer electronics segment, which will gain $653.5 million of global annual sales by 2029. The data converter market size will gain the most in China at $629.08 million.
Market-trend-based strategies for the data converter market include high-performance Ethernet streaming for avionics data conversion, cutting-edge media conversion for next-gen XR and immersive technologies, launching new software and launching new data conversion tools.
Player-adopted strategies in the data converter market include focus on strengthening its business operations through the launch of new products and strategic partnerships.
To take advantage of the opportunities, the analyst recommends the data converter companies to focus on high-performance ethernet streaming for avionics data conversion, focus on media conversion for XR applications, focus on software-driven innovation, focus on developing specialized data conversion tools, focus on the digital-to-analog converters segment, expand in emerging markets, continue to focus on developed markets, focus on expanding omnichannel distribution, focus on competitive tiered pricing, focus on digital engagement with industry-specific content, focus on strategic partnerships with OEMs and system integrators and focus on high-performance data converters for consumer electronics.
Major Market Trends
- High-Performance Ethernet Streaming for Avionics Data Conversion
- Cutting-Edge Media Conversion for Next-Gen XR and Immersive Technologies
- Powering the Next Generation of Wireless Infrastructure with Advanced RF Solutions
- New Data Conversion Tool Enhances Bioimaging Data Management and Cloud Compatibility
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Data Converter Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Data Converter Market Segmentation
11 Data Converter Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Data Converter Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Data Converter Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global data converter market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for data converter? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The data converter market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider data converter market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by sampling rate, by rate type, by power consumption and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - the report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the data converter market.
- Global Market Size and Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by sampling rate, by rate type, by power consumption and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations This section includes recommendations for data converter providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Type: Analog-To-Digital Converters; Digital-To-Analog Converters2) by Sampling Rate: High-Speed Data Converters; General-Purpose Data Converters
3) by Application: Communications; Automotive; Consumer Electronics; Industrial Process Control; Automation; Medical; Testing and Measurement; Other Applications
4) by Rate Type: Upto 5Gsps; 5Gsps to 200Gsps
5) by Power Consumption: Low (1 W)
Key Companies Profiled: Analog Devices, Inc.; Texas Instruments Incorporated; STMicroelectronics NV; Infineon Technologies AG; Microchip Technology Inc.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa.
Time Series: Five years historic and ten years forecast..
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; data converter indicators comparison..
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Data Converter market report include:- Analog Devices, Inc.
- Texas Instruments Incorporated
- STMicroelectronics NV
- Infineon Technologies AG
- Microchip Technology Inc.
- ON Semiconductor Corporation
- Asahi Kasei Microdevices Corporation
- ROHM Co. Ltd.
- Cirrus Logic Inc.
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Analogix
- ROHM Semiconductor
- NXP Semiconductors
- AKM (Asahi Kasei Microdevices)
- Faraday Technology
- Fujitsu
- Nisshinbo Micro Devices
- TTI Asia
- Omni Design Technologies
- EnSilica
- Agile Analog Ltd
- Synopsys
- ams OSRAM
- Teledyne Technologies
- Semtech Corporation
- SCALINX
- Texas Instruments
- Maxim Integrated
- Renesas Electronics
- Onsemi
- Astronics
- MaxLinear
- Teledyne e2v
- Microchip Technology Inc.
- Omega Engineering
- Rohm Co., Ltd.
- Molex, LLC
- Texas Instruments
- Analog Devices
- Microchip Technology
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 354 |
| Published | May 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 4.72 Billion |
| Forecasted Market Value ( USD | $ 9.94 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 42 |
