USD 2.60 billion
Report ID:
SQMIG45N2056 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
64
|Figures:
75
Global Automotive Analog-to-Digital Converters (ADCs) Market size was valued at USD 2.60 billion in 2022 and is poised to grow from USD 2.73 billion in 2023 to USD 4.07 billion by 2031, at a CAGR of 5.1% during the forecast period (2024-2031).
The global automotive ADC market has been growing rapidly due to increasing demand for advanced driver assistance systems (ADAS), electric vehicles (EVs), and hybrid electric vehicles (HEVs). The purpose of the global automotive ADC market is to provide efficient and reliable conversion of analog signals to digital signals for processing and analysis in various automotive applications. The market aims to provide automotive manufacturers with high-performance and cost-effective ADC solutions for their products. The major driving factor for the growth of the global automotive ADC market is the increasing demand for ADAS in modern vehicles.
ADAS systems require accurate and reliable data from various sensors, which can be provided by ADCs. The growth of the EV and HEV market is also driving the demand for automotive ADCs, as these vehicles require accurate battery management systems that rely on ADCs for accurate measurements. The global automotive ADC market faces several restraining factors, such as the high cost of ADCs, the complex design and integration process, and the limited availability of skilled personnel for designing and integrating ADCs into automotive systems. In addition, the market is highly competitive, with many established players vying for market share.
The global automotive ADC market faces several challenges, including the need for high accuracy and resolution, the need for high-speed conversion rates, and the need for low power consumption. Automotive ADCs must also be rugged and reliable, as they are often subjected to harsh environments and high temperatures. the challenges and restraining factors, the global automotive ADC market presents several opportunities for growth. The development of advanced and innovative ADC solutions, such as Sigma-Delta ADCs, can provide higher accuracy and resolution, while reducing power consumption and design complexity. the growth of the autonomous vehicle market is expected to drive the demand for advanced ADC solutions in the automotive industry.
US Automotive Analog-to-Digital Converters (ADCs) Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.60 billion
Largest Segment
Industrial
Fastest Growth
Telecommunication
Growth Rate
5.1% CAGR
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The global automotive analog-to-digital converters (ADCs) market is segmented on the basis of product, application, and region. Based on product, the market is segmented into Integrating ADC, Delta- Sigma ADC, successive approximation ADC, ramp ADC, and others. In terms of application, the market is segmented into consumer electronics, and industrial. Regionwise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Analog-to-Digital Converters (ADCs) Market Analysis by Product
The global analog-to-digital converter market by product type is segmented into integrating ADC, delta-sigma ADC, successive approximation ADC, ramp ADC, and others. The ADC segment dominates the analog-to-digital converter market heavily and is projected to continue its dominance throughout the forecast period from 2023 – 2030. Successive approximation is an advanced version of digital ramp ADC which was designed for increasing the operation speed. In SAR, the normal counter is substituted with a successive approximation register. Among these, delta-sigma ADCs are expected to dominate the market due to their high accuracy, low noise, and low power consumption. The successive approximation ADC segment is also expected to witness significant growth, driven by the increasing demand for high-speed and high-resolution ADCs.
Automotive Analog-to-Digital Converters (ADCs) Market Analysis by Application
The analog-to-digital converter market by application is further segmented into industrial, consumer electronics, automotive, healthcare, telecommunication, and others. The industrial segment of the analog-to-digital converter market dominated the application segment and is expected to lose its dominance to telecommunication application during the forecast period from 2023 – 2030. The global manufacturing sector is expanding rapidly with the emerging investments from various regions in technological advancements. The safety systems segment is expected to dominate the market, driven by the increasing adoption of ADAS systems in modern vehicles. The powertrain segment is also expected to witness significant growth, driven by the increasing adoption of EVs and HEVs.
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North America has the largest market share in the global analog to digital converter market owing to the advanced technology and easy adoption in the countries. The expansion in the industrial sector is offering lucrative growth opportunities for Europe's analog to digital converter market. The North America market is expected to witness significant growth in the automotive ADC market, driven by the presence of major automotive manufacturers in the region, increasing adoption of ADAS systems, and the growing demand for electric vehicles. The United States is the major contributor to the automotive ADC market in the region, with a high concentration of automotive electronics manufacturers and suppliers.
Europe is expected to witness significant growth in the automotive ADC market, driven by the increasing adoption of ADAS systems, electric vehicles, and the presence of major automotive manufacturers in the region. Germany is the major contributor to the automotive ADC market in the region, with a high concentration of automotive electronics manufacturers and suppliers.
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Automotive Analog-to-Digital Converters (ADCs) Market Drivers
Increasing Demand for Accurate and Reliable Data
Growing Adoption of ADAS Systems
Automotive Analog-to-Digital Converters (ADCs) Market Restraints
High Cost of Advanced ADC Solutions
Complexity of Integrating ADC Solutions into Existing Vehicle Systems
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The global automotive analog-to-digital converters (ADCs) market is highly competitive, with a large number of players operating in the market. These players compete on the basis of product quality, price, performance, and innovation. They also focus on strategic partnerships and collaborations to expand their market reach and gain a competitive edge.
Many players in the market are investing heavily in research and development to develop new and advanced ADC solutions that meet the specific needs and requirements of the automotive industry. They are also investing in expanding their manufacturing and distribution capabilities to meet the growing demand for automotive ADC solutions. Players in the market are focusing on developing strong relationships with their customers and providing excellent customer service and technical support. This helps them to build long-term relationships with their customers and gain a competitive edge in the market. The competitive landscape of the global automotive ADC market is highly dynamic, with new players entering the market and existing players investing in research and development and strategic partnerships to gain a competitive edge.
Automotive Analog-to-Digital Converters (ADCs) Market Top Player’s Company Profiles
Automotive Analog-to-Digital Converters (ADCs) Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive analog-to-digital converters market analyses, the increasing demand for advanced automotive systems and the growing adoption of electric and hybrid vehicles are promoting growth of this global market. The market can be segmented based on product type, application, and region. The increasing demand for high-performance engine control systems in modern vehicles. The market is highly competitive, with several key players operating in the market. The global automotive ADC market is expected to witness significant growth in the coming years, driven by the increasing demand for advanced automotive systems and the growing adoption of electric and hybrid vehicles.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.60 billion |
Market size value in 2031 | USD 4.07 billion |
Growth Rate | 5.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
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MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Analog-to-Digital Converters (ADCs) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Analog-to-Digital Converters (ADCs) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Report ID: SQMIG45N2056