An analog signal is a constantly fluctuating representation of a circumstance, which can be directly measured such as human voice, video, radio, and others. On the other hand, a digital signal is presented in the form of bits, and at any given time it can take only limited number of values, for instance, in case of a digital computer, there are only two states which are either 1 or 0. An analog signal generates continuous data, while a digital signal consists of discrete data. An analog-to-digital converter (ADC) is an electronic integrated circuit that converts analog signal (continuous data) into digital form (discrete data).
Increasing disposable income and technological advancements supplement the analog-to-digital converters market. However, complex design of the ADC hampers this market growth. On the other hand, encouragement in digitization of work processes by government in emerging economies, and continuous competitive pressure to develop high-performance and efficient device is expected to present numerous opportunities for market expansion.
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The factor driving the analog-to-digital converters market is constant and endless government initiatives to encourage conceptualization of smart cities in emerging economies in a current scenario is responsible for high usage of analog-to-digital converters among the users. Moreover, with continuous advancements taking place in the technological industry, the introduction of new analog-to-digital converters related products and services for automotive and consumer electronics based applications is expected to benefit analog-to-digital converters market in a future period.
The global analog-to-digital converters market is segmented on the basis of product type, resolution and application. Based on product type, the market is segmented into integrating ADC, delta-sigma ADC, successive approximation ADC, ramp ADC and others. On the basis of resolution, the analog-to-digital converters market is segmented into 8-bit, 10-bit, 12-bit, 14-bit, 16-bit and others. On the basis of application, the analog-to-digital converters market is segmented into industrial and consumer electronics.
Disposable income, also known as disposable personal income (DPI), is the income that remains after the deduction of the taxes, excluding healthcare deductions, payroll taxes, social welfare charges, and any other deductions. DPI can be saved or spent as per choice of the individual. Globally, an increase in disposable income of individuals has been witnessed. For instance, according to the Office for National Statistics (ONS), Europe reported a record in high household disposable income in 2016. In addition, China’s per capita disposable income observed 6.3% rise in the same year. This in turn fuels the growth of global analog-to-digital converters market.
Adoption of digitization of work processes by government in emerging economies
The digitization process involves conversion of information into digital format, which can be stored, manipulated, and processed to obtain the desired output. It consists of automation of the work process to meet customer expectation by reducing the number of steps required to complete a task. Governments of various countries are encouraging the digitization of their work process, especially in emerging economics. For instance, the Singapore government announced provision for a grant up to 50% of qualifying projects capped at $1 million, which will scale up or roll-out automation projects.
In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
Source: The Insight Partners