Special Purpose A/D Converter Market Expected to Reach $724.5 Million, Globally, By 2031 at 6.5% CAGR: Allied Market Research
PORTLAND, Ore., Jan. 30, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Special Purpose A/D Converter Market By Resolution (8-bit, 10-bit, 12-bit, 14-bit, 16-bit, and Others), Application (Consumer Electronics, IT and Telecommunication, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031", According to the report, the global Special Purpose A/D Converter industry generated $403.8 million in 2021, and is estimated to reach $724.5 million by 2031, witnessing a CAGR of 6.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
- The data converter market growth is slowed down due to the collapse of distribution channels.
- By resolution, the 12-bit segment garnered the highest share in 2021 , holding nearly thirty percent of the global Special Purpose A/D Converter market revenue.
- By application, the IT and telecommunication segment accounted for more than three-fifths of the global Special Purpose A/D Converter market revenue in 2021, and is projected to retain the lion's share by 2031.
- By region, Asia-Pacific contributed to the highest share in 2021, garnering more than one-third of the global Special Purpose A/D Converter market revenue.