At 5.7% CAGR, Middle East & Africa Data Converter Market is Projected to be Worth US$ 549.16 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa data converter market was valued at US$ 352.31 million in 2022 and is expected to reach US$ 549.16 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Rise of high-speed data converters and rising demand for data converters in wireless communications are among the critical factors attributed to drive the Middle East & Africa data converter market growth.

High-speed data converters are considered one of the most challenging and crucial analog and mixed-signal systems. They are ubiquitous in a modern and highly connected world. Understanding and designing these converters requires proficiency in analog circuit design, digital design, and signal processing.

The proliferation of high-speed communication standards such as 5G, Wi-Fi, and others propels the demand for data converters capable of handling higher sampling rates and wider bandwidths. High-speed ADCs and DACs are essential components in telecommunications infrastructure, networking equipment, and multimedia systems, enabling faster data transmission and improved signal integrity. As data rates continue to escalate, the development of ultra-fast converters remains a key focus for semiconductor companies.

Moreover, market players are engaged in offering high-speed data converters. In November 2023, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, expanded its 32-bit microcontroller (MCU) offering with a new RX device for high-end industrial sensor systems. The latest addition, the RX23E-B, is a 32-bit device from its popular RX Family. It features a high-precision analog front end (AFE) specifically designed for systems that demand fast and accurate analog signal measurements. As many companies are engaged in launching high speed data converters, several industries such as automotive, communication, etc. are adopting these converters and will continue to adopt in coming years to cater the demand for high speed data conversion. Considering these parameters, rise in demand for high-speed data converters would fuel the Middle East & Africa data converter market growth in the future.

On the contrary, the complex design of ADCs hampers the growth of Middle East & Africa data converter market.

Based on type, the Middle East & Africa data converter market is bifurcated ADC and DAC. The ADC segment held 56.5% market share in 2022, amassing US$ 198.98 million. It is projected to garner US$ 296.09 million by 2030 to register 5.1% CAGR during 2022–2030.

By resolution, the Middle East & Africa data converter market is segmented into 10 bit, 12 bit, 14 bit, 16 bit, and others. The others segment held 35.6% share of Middle East & Africa data converter market in 2022, amassing US$ 125.50 million. It is anticipated to garner US$ 216.80 million by 2030 to expand at 7.1% CAGR during 2022–2030. The 10 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 12 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 14 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 16 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The others bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps.

Based on rate of converter, the Middle East & Africa data converter market is segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1 Gsps, and Above 1 Gsps. The 501 Msps to 1 Gsps segment held 26.3% share of Middle East & Africa data converter market in 2022, amassing US$ 92.58 million. It is projected to garner US$ 151.40 million by 2030 to expand at 6.3% CAGR from 2022 to 2030.

In terms of end user, the Middle East & Africa data converter market is segmented into automotive, communications, consumer electronics, industrial, medical, and others. The consumer electronics segment held 29.6% share of Middle East & Africa data converter market in 2022, amassing US$ 104.44 million. It is projected to garner US$ 146.79 million by 2030 to expand at 4.3% CAGR from 2022 to 2030.

By country, the Middle East & Africa data converter market is segmented into Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 42.1% share of Middle East & Africa data converter market in 2022. It was assessed at US$ 148.38 million in 2022 and is likely to hit US$ 234.82 million by 2030, registering a CAGR of 5.9% during 2022–2030.

Key players operating in the Middle East & Africa data converter market are Analog Devices Inc, Asahi Kasei Microdevices Corp, Microchip Technology Inc, On Semiconductor Corp, Renesas Electronics Corp, STMicroelectronics NV, Teledyne Technologies Inc, and Texas Instruments Inc, among others.

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