SAR ADC Market Summary
AD converter integrated circuits (ICs) are semiconductor devices that convert analog signals into digital signals. They are also known as analog-to-digital converters (ADCs) and are commonly used in a variety of applications, including audio computation, digital signal processing, and data acquisition systems. AD Converter ICs is an electronic integrated circuit which transforms a signal from analog (continuous) to digital (discrete) form. AD Converter ICs provides a link between the analog world of transducers and the digital world of signal processing and data handling. AD Converter ICs is used virtually everywhere where an analog signal has to be processed, stored, or transported in digital form. Some examples of AD Converter ICs usage are digital volt meters, cell phone, thermocouples, and digital oscilloscope.
Figure. SAR ADC Product Picture
Source: Secondary Sources and QYResearch, 2023
According to the new market research report “Global SAR ADC Market Report 2023-2029”, published by QYResearch, the global SAR ADC market size is projected to reach USD 0.98 billion by 2029, at a CAGR of 5.0% during the forecast period.
Figure. Global SAR ADC Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global SAR ADC Market Report 2023-2029.
Market Drivers:
D1: Digital Transformation: The ongoing digital transformation across industries, including manufacturing, healthcare, and automotive, is a significant driver for ADCs. As more analog processes are digitized for efficiency and data analysis, ADCs play a critical role in converting analog sensor data into digital information.
D2: IoT Proliferation: The Internet of Things (IoT) continues to expand, driving demand for ADCs in a wide range of sensor-based applications. IoT devices rely on ADCs to convert sensor data, making them a fundamental component of IoT technology.
D3: 5G and Wireless Communication: The deployment of 5G and advancements in wireless communication technologies require high-performance ADCs for applications such as base stations, remote radio heads, and communication infrastructure.
D4: Automotive Advancements: The automotive industry's shift towards electric vehicles (EVs) and the development of advanced driver assistance systems (ADAS) relies on ADCs for functions like battery management, radar, LiDAR, and communication within the vehicle.
D5: Medical and Healthcare Technologies: Medical devices, imaging systems, and diagnostic equipment increasingly rely on ADCs to ensure accurate and high-resolution data conversion for patient monitoring, diagnosis, and treatment.
D6: Consumer Electronics: The demand for higher resolution audio and video quality in consumer electronics, including smartphones, cameras, and audio equipment, drives the need for high-performance ADCs.
D7: Industrial Automation: ADCs are essential in industrial automation for monitoring and controlling various processes. As industries aim for greater automation and efficiency, the demand for ADCs in factory automation and process control systems continues to grow.
Restraint:
R1: Technology Limitations: ADC technology, while continually advancing, has inherent limitations in terms of resolution, speed, and power efficiency. Pushing the boundaries of these limitations can be challenging.
R2: Cost of High-Performance ADCs: High-resolution and high-speed ADCs can be expensive to design and manufacture. This cost can be a significant restraint, especially in price-sensitive consumer markets.
R3: Signal Distortion and Noise: Signal distortion and noise are inherent in analog signal conversion. Minimizing these effects to achieve accurate and high-quality digital data can be a restraint, particularly in high-performance applications.
Challenges:
C1: Integration Complexity: As technology evolves and more features are integrated into semiconductor devices, including ADCs, managing the complexity of integrating these components becomes a challenge. Combining ADCs with other functionality while maintaining performance and power efficiency is not always straight forward.
C2: Power Consumption: Achieving low power consumption is critical, especially in battery-operated devices and IoT sensors. Balancing power efficiency with performance can be a challenge for ADC manufacturers.
C3: High-Speed Requirements: Certain applications, such as telecommunications and high-frequency signal processing, require extremely high-speed ADCs. Designing and manufacturing such ADCs can be challenging due to signal integrity and jitter issues.
Figure. Global SAR ADC Top 7 Players Ranking and Market Share (Continually updated)
Based on or includes research from QYResearch: Global SAR ADC Market Report 2023-2029.
According to QYResearch Top Players Research Center, the global key manufacturers of SAR ADC include Analog Devices, Texas Instruments, Microchip, Renesas Electronics, STMicroelectronics, etc. In 2022, the global top four players had a share approximately 87.0% in terms of revenue.
Figure. SAR ADC, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global SAR ADC Market Report 2023-2029.
In terms of product type, 12 bit is the largest segment, hold a share of 48.5%,
Figure. SAR ADC, Global Market Size, Split by Application Segment
Based on or includes research from QYResearch: Global SAR ADC Market Report 2023-2029.
In terms of product application, Consumer Electronics is the largest application, hold a share of 44.8%.
Figure. SAR ADC, Global Market Size, Split by Region
Based on or includes research from QYResearch: Global SAR ADC Market Report 2023-2029.
About the Authors
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Wei Qin |
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Lead Author |
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Semiconductor and Electronics Email: qinwei@qyresearch.com |
About QYResearch
QYResearch founded in California, USA in 2007. It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.