At 6.8% CAGR, South & Central America Analog to Digital Converter Market is Projected to be worth US$ 283.95 million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America analog to digital converter market was valued at US$ 168.17 million in 2022 and is expected to reach US$ 283.95 million by 2030, registering a CAGR of 6.8% from 2022 to 2030. Growth of 5G in developing economies and rising developments in automotive industry are among the critical factors attributed to drive the South & Central America hearing market growth.

Numerous countries have actively pursued the healthy evolution of 5G technology with global announcements and recognition of potential benefits of the technology. Major global players have also engaged in extensive research, development, and innovation to advance the capabilities of 5G on a global scale. 5G is widely acknowledged as a transformative technological advancement that can seamlessly connect consumers' physical, virtual, and social worlds. This digital transformation presents significant business opportunities across various industry verticals while also necessitating changes to existing business models and environments. Governments of developing economies worldwide have recognized the immense potential of 5G and its impact on their respective countries' GDP. They anticipate substantial job creation and positive economic growth through the digitalization of businesses. Countries such as Argentina, Chile, and Colombia have partnered with leading telecommunications giants, including Nokia and Huawei Telecommunications, to invest in 5G technology. The global pursuit of 5G technology presents significant business opportunities for various countries and industries. Governments across the globe are actively investing in partnerships, research, and development to harness the potential of 5G and drive economic growth, job creation, and digital transformation within their respective nations.

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

Based on type, the South & Central America 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 37.0% market share in 2022, amassing US$ 62.14 million. It is projected to garner US$ 112.31 million by 2030 to register 7.7% CAGR during 2022-2030.

In terms of resolution, the South & Central 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 30.4% share of South & Central America analog to digital converter market in 2022, amassing US$ 51.11 million. It is anticipated to garner US$ 82.31 million by 2030 to expand at 6.1% CAGR during 2022-2030.

By application, the South & Central America analog to digital converter market is segmented into industrial, consumer electronics, automotive, healthcare, telecommunication, and others. The industrial segment held 29.0% share of South & Central America analog to digital converter market in 2022, amassing US$ 48.72 million. It is projected to garner US$ 86.63 million by 2030 to expand at 7.5% CAGR from 2022 to 2030.

By country, the South & Central America analog to digital converter market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 56.9% share of South & Central America analog to digital converter market in 2022. It was assessed at US$ 95.71 million in 2022 and is likely to hit US$ 171.03 million by 2030, registering a CAGR of 7.5% during 2022-2030.

Key players operating in the South & Central America analog to digital converter market are Analog Devices Inc, Asahi Kasei Corp, Renesas Electronics Corp, ROHM Co Ltd, STMicroelectronics NV, Teledyne Technologies Inc, and Texas Instruments Inc, among others.


Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com