PUBLISHER: Market Research Future | PRODUCT CODE: 1499358
PUBLISHER: Market Research Future | PRODUCT CODE: 1499358
Global Digital Signal Processor (DSP) Market Research Report Information By Type (Generic or Application Processors and Specialized Audio Edge Processor ), Category (Fixed Point Processors and Floating Point Processors ), DSP Core (Single-core DSPs and Multi-core DSPs ), Application (Audio Signal Processing, Video Signal Processing, Security & Safety Systems, Radar & Sonar Applications, and Others ), Industry (Consumer Electronics, Automotive, Healthcare, Military, Telecommunication, and Others), And By Region (North America, Europe, Asia-Pacific, Middle East Africa, South America)- Forecast to 2030
The projected compound annual growth rate (CAGR) for the Digital Signal Processor (DSP) industry is 7.90% during the review period. The Digital Signal Processor (DSP) market is experiencing growth due to the emergence of social platforms and the growing demand for cloud-based talent management software.
ADAS technologies are dependent on DSPs, which are essential for enhancing safety on the road and assisting drivers. Sensor fusion is facilitated by DSPs, which analyze data from a variety of sensors, including radar, lidar, ultrasonic, and cameras. They enable the real-time processing and analysis of sensor data, which enables the detection of objects, the avoidance of collisions, the use of adaptive cruise control, and the warning of lane departure. DSPs will remain indispensable for the processing of intricate sensor data and the facilitation of real-time decision-making in self-driving vehicles as autonomous driving continues to evolve.
DSPs are employed in automotive infotainment systems to improve the processing capabilities of audio and video. They facilitate the provision of a high-quality audio-visual experience for passengers by enabling features such as noise suppression, surround sound, speech synthesis, and voice recognition. Audio compression and decompression algorithms are also managed by DSPs, which guarantee the efficient storage and replay of audio files in a variety of formats.
The efficient and reliable communication between vehicles and infrastructure is facilitated by DSPs, which are a component of vehicular communication systems. They facilitate duties such as traffic management, cooperative driving, and collision avoidance by processing signals for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication. DSPs are indispensable for the real-time processing and analysis of communication signals, which guarantees the secure and seamless exchange of data in connected vehicles.
Market segment Insights
Generic or Application Processors and Specialized Audio Edge Processors comprise the Digital Signal Processor (DSP) Market segmentation, which is based on type.
The market segmentation comprises single-core and multi-core DSPs, as determined by the DSP core.
The Digital Signal Processor (DSP) Market segmentation is structured according to the application, including Audio Signal Processing, Video Signal Processing, Security & Safety Systems, Radar & Sonar Applications, and Others.
Consumer Electronics, Automotive, Healthcare, Military, Telecommunication, and Others comprise the market segmentation, which is determined by the end user.
The Market segmentation comprises Public Sector and Private/Independent Power Producers, as determined by the End Users.
Regional Perspectives
During the forecast period, Asia-Pacific is anticipated to maintain its dominance in the Digital Signal Processor (DSP) market, where it held the largest share of 33.9% in terms of revenue in 2022. Over the forecast period, the Asia-Pacific Digital Signal Processor market is anticipated to expand at a rapid pace. The region is a significant market for electronic manufacturing, and it is anticipated that the growing use of digital signal processors in the electronics sector will drive market growth. Several suppliers have established manufacturing operations in the region due to the high demand for smartphones in countries such as India, China, Japan, and South Korea.
The United States of America's market is experiencing a surge in demand from the aerospace and defense, automotive, and aerospace sectors. In 2021, the United States sold more than 3.5 million passenger automobiles. It is anticipated that the number of passenger automobiles sold in the United States will surpass 15 million by the conclusion of 2033. The digital signal processor industry in the United States of America will benefit from the increase in automotive production and sales.
The expansion is attributable to the rise in demand for DSP software among marketers in the United Kingdom, Germany, and France. As per Zenith, the expenditure on programmatic advertising in Central and Eastern Europe (C&E Europe) is expected to increase significantly between 2021 and 2024.
Texas Instrument Incorporated, Analog Devices Inc., NXP Semiconductors, Infineon Technologies AG, Broadcom Inc., STMicroelectronics, ONsemi, Asahi Kasei Corporation, Qualcomm Technologies Inc., Knowless electronics LLC, Cirrus Logic, Inc., ROHM Company Ltd., Renesas Electronics Corp., Skyworks Solutions Inc., Rockwell Automation Inc., Xilinx Inc., Waytronic, Intel Corporation, and NVIDIA Corporation are the primary players in the market.