Digital Signal Processor Market Size - Competitive Landscape and Trends by Forecast 2023

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Digital Signal Processor Market Size - Competitive Landscape and Trends by Forecast 2023

Market Analysis

The global digital signal processor (DSP) market is predicted to touch USD 16 billion at 12% CAGR over the assessment period (2018-2023). A digital signal processor is a semiconductor device utilized to process signals digitally. Its key components include input/output, compute engine, data memory and program memory. A digital signal processor is commonly used in automation and industrial electronics, medical electronics, digital TV and DVD players, consumer electronics such as sound cards, modems, computer peripherals, faxes, mobile phones, digital communications, image processing and digital sound.

There are ample factors that is boosting the growth of the digital signal processors market. These factors as stated by the Market Research Future (MRFR) report include developments and technological advancement in wireless infrastructure, growth in data traffic, use of internet protocol cameras for video surveillance, adoption of DSP on a large scale in the current consumer electronics range, and burgeoning demand for DSP in the automotive sector. On the contrary, loss of power at the time of operation of the DSP, high instrument cost, complex design and the growing demand for smartphones that are microprocessor enabled are factors that may deter the market growth over the assessment period.

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Market Segmentation

MRFR report offers a wide segmental analysis of the digital signal processors market on the basis of type, application, industry and design architecture.

Based on design architecture, the digital signal processors market is segmented into embedded DSP and standard DSP. Embedded DSP is again segmented into multi-core and single-core DSP processor.

Based on type, the digital signal processors market is segmented into programmable DSP (PLD and FPGA), application specific DSP and general-purpose DSP.

Based on application, the digital signal processors market is segmented into radar applications, digital image processing, speech processing and recognition, video and audio compression, audio signal processing and others.

Based on industry, the digital signal processors market is segmented into telecommunications, military and defense, healthcare, automotive, consumer electronics and others.

Regional Analysis

By region, the digital signal processors market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, North America will reign the market over the assessment period. This is owing to broader applications of DSP in consumer electronics, healthcare and automotive sectors. Also, the presence of several semiconductor and electronics companies creating cheaper hardware with more features, capabilities and high power are substantiating the market growth. Besides, development activities led by higher usage of SoC (system on chip) devices and substantial investments made in research and production are also contributing to the growth of the market here. The digital signal processors market size in the APAC region will have the second major share over the assessment period. This is owing to the growing demand for secure and faster devices. The digital signal processors market in the European region is predicted to develop at a notable CAGR over the assessment period. This is owing to the existence of countries such as France, the UK and Germany that are technologically mature and are heading with their growing industries namely financial services, banking and automotive that is fostering the market growth in this region. Also, the noteworthy contribution of semiconductor and electronics industries is also propelling the market growth here.

Key Players

Leading players profiled in the digital signal processors market include ROHM Semiconductor (Japan), ON Semiconductor (U.S.), Extron Electronics (U.S.), Integrated Device Technology (U.S.), Crestron Electronics, Inc. (U.S.), AudioControl (U.S.), DAS Audio Group, S.L (Spain), Toshiba Corporation, (Japan), MIPS Technologies, Inc (U.S.), STMicroelectronics (Switzerland), Limited (Bermuda), Marvell Technology Group, Freescale Semiconductor Holdings Ltd (Bermuda), Infineon Technologies AG (Germany), Ceva, Inc (U.S.), Xilinx Inc. (U.S.), Texas Instruments Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Toshiba Corp. (Japan), Renesas Electronics Corporation (Japan), NXP Semiconductor (Netherlands), Qualcomm Inc. (U.S.), Broadcom Corporation, (U.S.), Analog Devices Inc. (U.S.), Altera Corporation (U.S.) and others.

May 2019- Sony has launched the GTK-PG10, an outdoor party speaker that comes with a battery backup of 13 hours and Bluetooth connectivity. It is also equipped with a DSP (digital signal processor) that will adapt audio settings automatically for optimizing performance to suit the surroundings. This speaker will be ideal to enjoy music outside, be it a camping trip, picnic or a party.

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