At 5.8% CAGR, North America Analog to Digital Converter Market is Projected to be Worth US$ 2,089.64 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America analog to digital converter market was valued at US$ 1,334.91 million in 2022 and is expected to reach US$ 2,089.64 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Increasing demand for advanced data acquisition systems and rising demand for high-resolution images in scientific and medical applications are among the critical factors attributed to drive the North America hearing market growth.

Data acquisition solutions play a crucial role in measuring various parameters such as voltage, current, and temperature. The solutions process the acquired data for analysis and presentation. The evolving landscape of data acquisition is witnessing notable advancements, including the integration of network connectivity, data analysis and reporting software, and remote control and monitoring capabilities.

Analog to digital converters serve as the core component within data acquisition systems, as they receive data from the surrounding environment and convert it into discrete levels that processors can interpret. These discrete levels represent the smallest measurable change in the signal being measured. It is worth mentioning that the higher the number of bits in an ADC, the greater the number of discrete levels, resulting in higher resolution and accuracy of the analog to digital converter. The resolution of an analog to digital converter can be compared to the markings on a measuring stick, where a stick with millimeter markings offers greater precision than one with centimeter markings. Data acquisition systems offer advantages such as resource optimization, cost efficiency, and energy conservation. Rising technological advancements and increasing adoption of automation in various industries propel the demand for data acquisition systems, which drives the North America analog to digital converter market growth.

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

Based on type, the North America analog to digital converter market is segmented into integrating ADC, delta- sigma ADC, ramp ADC, successive approximation ADC, and others. The others segment held 34.1% market share in 2022, amassing US$ 455.21 million. It is projected to garner US$ 624.31 million by 2030 to register 4.0% CAGR during 2022-2030.

In terms of resolution, the North America 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 32.1% share of North America analog to digital converter market in 2022, amassing US$ 428.26 million. It is anticipated to garner US$ 636.82 million by 2030 to expand at 5.1% CAGR during 2022-2030.

By application, the North America analog to digital converter market is segmented into industrial, consumer electronics, automotive, healthcare, telecommunication, and others. The industrial segment held 26.4% share of North America analog to digital converter market in 2022, amassing US$ 352.57 million. It is projected to garner US$ 503.29 million by 2030 to expand at 4.5% CAGR from 2022 to 2030.

Based on country, the North America analog to digital converter market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 72.3% share of North America analog to digital converter market in 2022. It was assessed at US$ 965.16 million in 2022 and is likely to hit US$ 1,540.06 million by 2030, registering a CAGR of 6.0% during 2022-2030.

Key players operating in the North America 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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