Digital Signal Processor Market Analysis
The global
digital signal processor market will grow at an 8.2% CAGR during the forecast
period 2020- 2027, states the latest Market Research Future (MRFR) analysis. A
digital signal processor is an IP or IC core that is designed for processing
signals digitally with efficiency. It has wide applications in medical,
surveillance, communication, automotive, consumer electronics, nanotechnology,
and others.
Various factors are fuelling the global digital signal processor
market growth. As per the recent MRFR market estimates, such factors include
technological advancements, improvements in wireless infrastructure, the
acceleration in data traffic, the use of technologies like internet protocol
cameras for video surveillance, developments in wireless infrastructure, and
growth in data traffic.
On the contrary, power consumption and price, trade-off between
performance, and COVID 19 impact may limit the global digital signal processor
market share over the forecast period.
By design architecture, the global digital signal processor market
is segmented into DSP and embedded DSP. The embedded DSP is again bifurcated
single-core DSP processor and multi-core DSP processor.
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Digital
Signal Processor Market Key Players
The leading players profiled in the global digital signal
processors market report include Texas Instruments Inc. (U.S.), Samsung
Electronics Co. Ltd. (South Korea), Toshiba Corp. (Japan), Renesas Electronics
Corp. (Japan), NXP Semiconductor (Netherlands), Qualcomm Inc. (U.S.), Broadcom
Corp. (U.S.), Devices Inc. (U.S.), Altera Corp. (U.S.), and Xilinx Inc.
(U.S.), among others.
The global digital signal processors market is fragmented and also
competitive with the presence of many domestic as well as international
industry players. They have incorporated assorted strategies to stay at the
forefront and also cater to the surging needs of the customers, including
collaborations, partnerships, contracts, geographic expansions, new product
launches, joint ventures, and more. Additionally, these players are also making
heavy investments in research and development activities for strengthening
their portfolios and also creating a hold in the market.
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Digital
Signal Processor Market Regional Analysis
By region, the global digital signal processor market covers the
recent trends and growth opportunity across Europe, the Asia Pacific (APAC),
North America, and Rest of the World (RoW). Of these, North America will rule
the market over the forecast period. Increased demand for faster and secure
device storage, broader applications in healthcare, consumer electronics and
automotive, rising adoption on chip equipment, the presence of established
technology companies in Canada and the US, significant investment in development,
production, and research of digital signal processors, and advances in
electronics and semiconductor companies that have built low-cost hardware with
advanced capabilities and features are adding to the global digital signal
processors market growth in the region.
In the APAC region, the global digital signal processors market
will have admirable growth over the forecast period. Booming electronics
manufacturing market, widespread use of digital signal processors in the
electronics industry, the establishment of semi-conductor organizations, and
the region being the largest exporter of semiconductor products are adding to
the global digital signal processors market growth in the region.
In Europe, the global digital signal processors market is predicted
to have healthy growth over the forecast period. The presence of developed
nations, rising surveillance market, and high demand for electronics products
are adding to the global digital signal processors market growth in the region.
In RoW, the global digital signal processors market is predicted
to have sound growth over the forecast period.
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Market
Segmentation
The MRFR report throws light on an inclusive segmental analysis of
the global DSP market based on industry, design architecture, type, components,
and application.
By application, the global digital signal processor market is
segmented into medical, surveillance, communication, automotive, consumer
electronics, nanotechnology, and others.
By components, the global digital signal processor market is
segmented into ICs, input-output controller’s single and multi-core processors,
system on chip (SOC), and others.
By type, the global digital signal processor market is segmented
into general-purpose DSP, application-specific DSP, and programmable (FPGA
& PLD) DSP.
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