At 5.5% CAGR, Europe Analog to Digital Converter Market is Projected to be Worth US$ 1,394.83 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe analog to digital converter market was valued at US$ 910.62 million in 2022 and is expected to reach US$ 1,394.83 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. Rising demand for high-resolution images in scientific and medical applications and rising developments in automotive industry are among the critical factors attributed to drive the Europe hearing market growth.

In scientific and medical fields, accurate diagnosis relies on high-quality images captured through CT scans, X-rays, MRI scans, and other advanced imaging technologies. To store these images in a digital format, analog to digital converters (ADCs) are required to convert the analog signals from the imaging devices into digital data.

The medical industry has experienced notable progress in imaging technology, leading to a growing need for digital image acquisition and processing. Analog to digital converters play a vital role in the networked imaging systems that facilitate the digital imaging process. Specialized high-speed data converters are necessary for the analog to digital conversion of images. The converters work in conjunction with amplifiers, interfaces, power management tools, digital signal processors, microprocessors, and microcontrollers to ensure accurate and efficient conversion. Datel (UK) is a reputable provider of analog to digital converters specifically designed for the medical industry. Their solutions offer high-resolution capabilities, undergo rigorous testing, and provide comprehensive package solutions. Therefore, rising demand for high-resolution images in scientific and medical applications drives the growth of the Europe analog to digital converter market.

On the contrary, the complex design of ADC hampers the growth of Europe analog to digital converter market.

Based on type, the Europe analog to digital converter market is segmented into integrating ADC, delta- sigma ADC, ramp ADC, successive approximation ADC, and others. The successive approximation ADC segment held 34.6% market share in 2022, amassing US$ 315.47 million. It is projected to garner US$ 466.70 million by 2030 to register 5.0% CAGR during 2022-2030.

In terms of resolution, the Europe analog to digital converter market is categorized into 8-bit, 10-bit, 12-bit, 14-bit, 16-bit, and others. The 12-bit segment held 30.3% share of Europe analog to digital converter market in 2022, amassing US$ 275.99 million. It is anticipated to garner US$ 390.27 million by 2030 to expand at 4.4% CAGR during 2022-2030.

By application, the Europe analog to digital converter market is segmented into industrial, consumer electronics, automotive, healthcare, telecommunication, and others. The industrial segment held 28.5% share of Europe analog to digital converter market in 2022, amassing US$ 259.35 million. It is projected to garner US$ 402.32 million by 2030 to expand at 5.6% CAGR from 2022 to 2030.

By country, the Europe analog to digital converter market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 26.3% share of Europe analog to digital converter market in 2022. It was assessed at US$ 239.17 million in 2022 and is likely to hit US$ 342.68 million by 2030, registering a CAGR of 4.6% during 2022-2030.

Key players operating in the Europe analog to digital converter market are Analog Devices Inc; Asahi Kasei Corp; Cirrus Logic, Inc.; Microchip Technology Inc; Renesas Electronics Corp; ROHM Co Ltd; Semiconductor Components Industries, LLC (On semiconductor); STMicroelectronics NV; Teledyne Technologies Inc; and Texas Instruments Inc, among others.


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