At 4.8% CAGR, South & Central America Data Converter Market is Projected to be worth US$ 330.28 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America data converter market was valued at US$ 226.30 million in 2022 and is expected to reach US$ 330.28 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Growing use of data converters in developing advanced 5G infrastructure and increasing product launches are among the critical factors attributed to drive the South & Central America data converter market growth.

5G operates at higher frequencies and wider bandwidths compared to previous generations. As 5G infrastructure expands across the world, from base stations to user devices, the need for high-speed data converters will grow across various segments for efficient signal processing. Due to the massive amount of data produced by several devices and increased data consumption by smartphones, high-bandwidth equipment used in wireless networks such as routers, repeaters, wireless antennas, and access points will experience congestion in data networking in the coming years.

The deployment of 5G technology is anticipated to boost the demand for high-speed communication networks and network congestion control. The 5G technology is expected to enable aggregate data rates that are faster than those of the current 4G and 3G networks. The growth of 5G infrastructure would significantly increase the number of mobile subscribers, forming a requirement for developed infrastructure that can handle user data requests. Thus, the growing use of data converters in developing 5G infrastructure and increasing government initiatives are expected to offer significant opportunities for the South & Central America data converter market in the coming years.

On the contrary, complex design of ADCs hampers the growth of South & Central America data converter market.

Based on type, the South & Central America data converter market is bifurcated ADC and DAC. The ADC segment held 56.5% market share in 2022, amassing US$ 127.97 million. It is projected to garner US$ 178.53 million by 2030 to register 4.3% CAGR during 2022–2030.

By resolution, the South & Central America data converter market is segmented into 10 bit, 12 bit, 14 bit, 16 bit, and others. The others segment held 35.2% share of South & Central America data converter market in 2022, amassing US$ 79.58 million. It is anticipated to garner US$ 128.81 million by 2030 to expand at 6.2% 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 South & Central America 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 24.8% share of South & Central America data converter market in 2022, amassing US$ 56.07 million. It is projected to garner US$ 86.24 million by 2030 to expand at 5.5% CAGR from 2022 to 2030.

In terms of end user, the South & Central America data converter market is segmented into automotive, communications, consumer electronics, industrial, medical, and others. The consumer electronics segment held 33.6% share of South & Central America data converter market in 2022, amassing US$ 76.14 million. It is projected to garner US$ 100.30 million by 2030 to expand at 3.5% CAGR from 2022 to 2030.

By country, the South & Central America data converter market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 71.7% share of South & Central America data converter market in 2022. It was assessed at US$ 162.23 million in 2022 and is likely to hit US$ 234.47 million by 2030, registering a CAGR of 4.7% during 2022–2030.

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

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