ID: MRFR/SEM/6692-HCR | October 2022 | Region: Global | 111 pages
Impact of COVID-19 on the Converter Modules Market
Converter modules are devices used in the conversion of analog signals to digital signals and vice versa. The converter modules industry has been impacted due to factors such as the developments in advanced power saving solutions, digital power management, as well as control technologies. Converter modules find applications in the automotive, computing, defense & aerospace, LED panels, railway, and robotics industries. The outbreak of COVID-19 has impacted most of the industry verticals. Among these, the defense & aerospace sector has faced a minimal impact due to the rising investments from government authorities. However, converter modules are being utilized in Ethernet networks and also power components such as wireless access points, VoIP & remote cameras, and so on. Broadband Internet being in high demand during the pandemic, the use of converter modules has enabled network operation at a wide range of temperatures without affecting the Internet speed.
However, a rise in demand for uninterrupted power supply and high-performance PCB layouts as well as thermal design from the broadband industry, the rising awareness regarding renewable energy technologies, a rise in demand for electric vehicles, etc. is expected to boost the growth of this market. Furthermore, the advancements in the technology utilized in the design and production of converter modules have enabled manufacturers to produce energy and simplified the thermal management mechanism, providing consistent performance, high efficiency, and load and temperature scalability. Also, the launch of 5G services by telecom operators across the globe is expected to accelerate market growth.
Source: MRFR Analysis