NORWOOD, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (NASDAQ: ADI) leads the worldwide data converter market with a 48.5 percent share, according to industry analyst firm Databeans, Inc., an independent market research company focused on the semiconductor and electronics industry. In a newly issued market research report entitled “2012 Analog,” Databeans confirmed that Analog Devices continues to lead the data converter market worldwide with a majority share that is larger than the combined market share of all the companies identified by the research.
“With a 2011 market share exceeding over twice that of its nearest competitor, Analog Devices continues as the clear front-runner in the $2.7 billion data converter market,” said Susie Inouye, principal analyst for Databeans. “By continuously improving and adapting converter architectures and process technologies, ADI is able to meet customer performance benchmarks across a diverse and expanding customer base within industrial, healthcare, communications, consumer and automotive markets.”
The Databeans report predicted that 2012 overall data converter revenue will likely increase by more than 6 percent from the previous year. Longer term, Databeans estimates that the market for converters should continue to experience an average annual growth rate of 10 percent through 2017.
"An increasingly data-centric world is driving lock-step demand for continuous improvement in data conversion technology" said Dick Meaney, vice president, Converter Group, Analog Devices. "ADI’s 47 years of analog and mixed-signal design experience, combined with our aggressive level of investment, results in industry-leading data converter innovation and value. This consistency in providing products that meet stringent customer performance benchmarks across a diverse and expanding customer base, is the key to our continued growth in market share."
About Analog Devices
Innovation, performance, and excellence are the cultural pillars on which Analog Devices has built one of the longest standing, highest growth companies within the technology sector. Acknowledged industry-wide as the world leader in data conversion and signal conditioning technology, Analog Devices serves over 60,000 customers, representing virtually all types of electronic equipment. Analog Devices is headquartered in Norwood, Massachusetts, with design and manufacturing facilities throughout the world. Analog Devices is included in the S&P 500 Index. http://www.analog.com
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This release may be deemed to contain forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, our statements regarding expected growth in the overall data converter market, expected growth in ADI’s revenue and market share, and expected advances in our technology and improvements in our product performance, that are based on our current expectations, beliefs, assumptions, estimates, forecasts, and projections about the industry and markets in which Analog Devices operates. The statements contained in this release are not guarantees of future performance, are inherently uncertain, involve certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements, and such statements should not be relied upon as representing Analog Devices’ expectations or beliefs as of any date subsequent to the date of this press release. Important factors that could cause actual results to differ materially from the results described, implied or projected in any forward-looking statements include: sovereign debt issues globally, any faltering in global economic conditions and financial markets, erosion of consumer confidence and declines in customer spending, unavailability of raw materials, services, supplies or manufacturing capacity, changes in geographic, product or customer mix, adverse results in litigation matters, and other risk factors described in our most recent filings with the Securities and Exchange Commission. We do not undertake any obligation to update forward-looking statements made by us.