Analog-to-digital converter market accounted to US$ 2.30 Bn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 4.09 Bn by 2027.
increasing demand for advanced data acquisition systems and rising demand for high-resolution content are the major factors propelling the growth of the analog-to-digital converter market. Moreover, the rising demand for advanced technologies in the automotive industry is anticipated to boost the analog-to-digital converter market growth in the near future. The automakers globally are observing substantial demand for smart devices in their vehicles. This has led the automobile manufacturers to continuously focus on innovating, designing, and developing autonomous cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. Pertaining to the consumers' demand and attraction toward smart and fully-autonomous cars, the market of ADC is surrounded with huge opportunities.
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Key Vendors are Involved in Industry-
Asahi Kasei Microdevices Corporation,Analog Devices Inc.,Cirrus Logic Inc.,Maxim Integrated, Inc.,Microchip Technology Inc.,ON Semiconductor Corporation,Rohm Co., Ltd.,Renesas Electronics Corporation,Sony Corporation,Texas Instruments Incorporated
The North America by application was led by concrete admixtures segment. The concrete admixture is the most widely used and versatile building materials which are generally used to resist compressive force. The addition of some pozzolanic materials can improve the several properties of concrete such as workability, durability, permeability and strength resistance to cracks. Analog-to-Digital Converter as pozzolanic materials is widely used in the concrete admixture as it is highly efficient and react with the excess calcium hydroxide resulting from ordinary Portland cement hydration by a pozzolanic reaction, to produce calcium aluminosilicate hydrates and calcium silicate hydrate.
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