Data Converter Market Report 2025

The data converter market size has grown strongly in recent years. It will grow from $4.73 billion in 2024 to $5.09 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to expansion of mobile and consumer electronics, rise of internet of things (IoT), demand for high-performance computing, increasing bandwidth requirements, automotive electronics evolution.

The data converter market size is expected to see rapid growth in the next few years. It will grow to $7.73 billion in 2029 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period can be attributed to emergence of edge computing, rapid growth in electric vehicles (EVs), integration in advanced medical devices, focus on energy efficiency. Major trends in the forecast period include 5G technology implementation, technological convergence, advancements in communication technologies, integration of high-speed data converters, rise of wideband and software-defined radio (SDR) applications.

The data converter market is poised for significant growth, driven by two key factors in distinct sectors. Firstly, in scientific and medical domains, there's a rising demand for high-resolution images, particularly in applications such as medical image processing. This process involves the analysis and utilization of 3D image files from CT or MRI scans for diagnosing disorders, guiding medical procedures, and research purposes. Data converters play a crucial role in meeting the stringent requirements of medical imaging devices, ensuring top-notch image quality, pixel density, accuracy, linearity, and noise reduction. Given that medical imaging constitutes over 90% of healthcare data, the surge in high-resolution imaging devices equipped with data converters is actively fueling the growth of the data converter market.

The growing adoption of smartphones is anticipated to drive the expansion of the data converter market in the coming years. Smartphones, which blend the features of traditional mobile phones with those of digital devices like personal digital assistants (PDAs), cameras, media players, and portable computers, rely on data converters for their functionality. These converters are crucial components that transform analog signals, such as voltage or current, into digital values that can be processed by digital devices like microcontrollers or computers. For example, in May 2024, Ericsson, a Sweden-based telecommunications and networking company, reported that the number of smartphone users increased from 3.62 billion in 2022 to 4.25 billion in 2023, marking a growth of approximately 17.4%. This surge underscores the rapid global adoption of smartphones, which in turn is fueling the growth of the data converter market.

Key players in the data converter market are driving profitability through the introduction of new software solutions. Software plays a pivotal role in configuring and managing data converters, providing essential functionalities for tasks such as data conversion, analysis, and visualization. For instance, in June 2023, Analog Devices Inc., a prominent US-based semiconductor manufacturing company, unveiled Apollo MxFE. This cutting-edge software boasts advanced software-defined capabilities, direct RF-sampling, and a wideband mixed signal front end, specifically designed to elevate performance in radio frequency applications. Tailored for Aerospace, Defense, and Communication applications, the Apollo MxFE supports groundbreaking technologies such as phased array radar and 6G communications, catering to the surging demand for broader bandwidths and rapid data processing in 5G, 6G, Wi-Fi 7 & 8, radar, and signal intelligence at the network edge. With bandwidths reaching up to 10GHz and direct sampling and synthesis capabilities extending to 18GHz, this 16nm CMOS device expedites design cycles and product time-to-market while ensuring future-proofing through its superior RF Analog-to-Digital and Digital-to-Analog Converter cores. This innovative software solution serves as a crucial asset in driving the competitive edge and profitability of major players in the data converter market.

Leading companies within the data converter market are enhancing their market position by introducing innovative data conversion tools. These tools, encompassing software or utilities, serve the critical function of transforming data by modifying its format, structure, encoding, or presentation, ensuring compatibility across diverse systems, applications, or storage formats. For instance, in September 2022, Glencoe Software, a prominent US-based provider of scientific image data management solutions, launched NGFF-Converter. This specialized tool is tailored to assist scientists handling extensive bioimaging datasets, particularly in fields such as digital pathology. The NGFF-Converter stands out as an open-source utility adept at converting bioimage formats into cloud-compatible data formats, such as OME-NGFF or OME-TIFF. The OME-NGFF format, optimized for efficient cloud storage, significantly enhances the analysis of multi-dimensional bioimaging data. Available for download on Windows and MacOS platforms, the user-friendly NGFF-Converter represents a cornerstone of Glencoe's commitment to transforming scientific image data management. This initiative is geared towards streamlining and amplifying data workflows in both academic and industrial research settings.

In October 2023, Emerson Electric Co., a US-based technology and software firm, acquired National Instruments Corporation for $8.2 billion. This acquisition allows Emerson to diversify its technology portfolio by entering the test and measurement automation sector through National Instruments' offerings. National Instruments Corporation specializes in software-connected automated test and measurement systems, which include data converters.

Major companies operating in the data converter market include Texas Instruments, Analog Devices, Maxim Integrated, ON Semiconductor, Microchip Technology, STMicroelectronics, Renesas Electronics, Cirrus Logic, Infineon Technologies, Broadcom Inc., NXP Semiconductors, Qualcomm Technologies, Toshiba Corporation, Samsung Electronics, ROHM Semiconductor, Linear Technology, Intersil Corporation, Skyworks Solutions, Mitsubishi Electric, Marvell Technology Group, Xilinx Inc., Intel Corporation, Asahi Kasei Microdevices, Nordic Semiconductor, Teledyne Technologies, Sony Semiconductor Solutions, Silicon Laboratories, Semtech Corporation, Dialog Semiconductor, IDT (Integrated Device Technology)

North America was the largest region in the data converter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data converter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the data converter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A data converter is an electronic circuit that transforms signals between analog and digital formats, enabling compatibility between different systems. In the context of temporal software development kits (SDKs), a data converter serves as a component that encodes and decodes data as it flows into and out of a temporal server, facilitating seamless data management and processing.

Data converters primarily consist of two main types such as analog-to-digital converters (ADCs) and digital-to-analog converters (DACs). Digital-to-analog converters function as electric circuits that receive digital data essentially a stream of numbers - and generate an output of voltage or current proportional to the digital data's value. The sampling rates for these converters are classified into high-speed data converters and general-purpose data converters, with major rate types falling within ranges such as 1 GSPS to 5 GSPS and 5 GSPS to 20 GSPS. These converters find applications across diverse segments such as communications, automotive technology, consumer electronics, industrial process control and automation, medical devices, testing and measurement equipment, and various other industries requiring data conversion capabilities.

The data converters market research report is one of a series of new reports that provides data converters market statistics, including data converters industry global market size, regional shares, competitors with an data converters market share, detailed data converters market segments, market trends and opportunities, and any further data you may need to thrive in the data converters industry. This data converters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The data converter market includes revenues earned by entities providing data entry service, data annotation services, digital asset management services, real estate data management services, email appending services, data appending services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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