A report issued by Databeans Inc, a market research company in the semiconductor and electronics industry, found that Analog Devices holds a 46 percent share in the worldwide data converter market.
The newly issued market research report, “2010 Data Converters,” found that Analog Devices has a majority share in the market that is larger than the combined market share of the nearest eight competitors.
“With a 2009 market share exceeding twice that of its nearest competitor, Analog Devices continues to sit atop the $2.4 billion data converter market,” said Susie Inouye, principal analyst for Databeans.
The report also predicted that the 2010 data converter revenue will probably increase by about 26 percent from the previous year, but will still be slightly below the market rate of growth for standard analog components.
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In the long term, Databeans estimates that the market for converters should continue to experience an average annual growth rate of nine percent through 2015.
“In an increasingly digital world the need for analog technology – especially data converters – becomes even more important,” said Dick Meaney, vice president, Converter Group, Analog Devices.
“More digital technology places new demands on and for signal conversion technology. It is the data converters that manage this signal conversion and in many instances defines the performance of today’s digital devices,” Meaney continued.
For more information visit www.analog.com or www.databeans.com.