The Europe Data Converter Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The expansion of the market is hampered by the development of low-power data converters. One of the main design restrictions for integrated circuits today is power consumption. The conversion of the low-frequency bioelectric impulses necessitates an ultra-low-power operation rather than high speed. Designing such ADCs is difficult due to the requisite conversion accuracy and the preceding.
Wireless infrastructure service providers are constantly reducing the size and cost of freshly installed wireless infrastructure, especially 4G and 5G service providers. In contrast, tight performance, functionality, and service quality standards are upheld.
The entering intermediate frequency (IF) signal is digitally processed by the ADC, sending the information to the digital downconverter. The development of 5G is having a favorable effect on the market for data converters by increasing demand for wireless devices. Businesses in the data converter industry are also developing strategies that can aid in the optimization of wireless applications.
The NHS's scale, complexity, and organizational structure have increased the demand for a reliable digital healthcare infrastructure. As a result, the UK government has determined that the NHS must go digital to address the economic and social problems it is now experiencing. The UK receives a significant amount of its dental, orthopedic, and diagnostic equipment from the US. However, digital technology, including clinical efficiency tools, monitoring tools, and health analytics tools, are in higher demand since they are thought to be crucial for improving clinical results and patient satisfaction throughout the region. This will lead to an increase in demand for data converters in the Europe region throughout the forecast period.
The Germany market dominated the Europe Data Converter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $450.4 million by 2028. The UK market is anticipated to grow at a CAGR of 4.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.3% during (2022 - 2028).
Based on Sampling Rate, the market is segmented into High-speed Data Converters and General-purpose Data Converters. Based on Type, the market is segmented into Analog-to-Digital Converters (ADCs) and Digital-to-Analog Converters (DACs). Based on Application, the market is segmented into Communications, Consumer Electronics, Industrial, Medical, Test & Measurement and Automotive. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Data Converter Market will Hit $7.2 billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., NXP Semiconductors N.V., Texas Instruments, Inc., ON Semiconductor Corporation, Rohm Co., Ltd., Skyworks Solutions, Inc., Infineon Technologies AG, Microchip Technology Incorporated, Qorvo, Inc., and Renesas Electronics Corporation.
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