The Global Digital Signal Processors Market size is forecast to reach $18.5 billion by 2027, growing at a CAGR of 7.5% from 2022 to 2027. Furthermore, an increased combination of radio frequency and digital signal processing for software-defined radio, growing utilization in automotive application areas, rising use in end products like medical devices, smartphones, televisions, and many more is set to accelerate the market growth in the long run. The Digital Signal Processors Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape :
The top 5 players in the Digital Signal Processors industry are –
1. Marvell Technology, Inc.
2. NXP Semiconductor N.V.
3. Texas Instruments Inc.
4. Broadcom Inc.
5. Xilinx Inc.
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Segmental Analysis :
1. Based on DSP Cores, Multi core segment is analyzed to grow with the highest CAGR of 8.2% in the global Digital Signal Processors market during 2022-2027. Digital signal processers (DSP) having multi core design architecture are getting widely preferred owing to its benefits like enhance performance, lower power dissipation and fast processing speeds, compared to single core models.
2. Consumer Electronics sector is analyzed to witness the fastest growth with a CAGR of 9.1% in the global Digital Signal Processors market during the forecast period 2022-2027.
3. APAC region accounted for the largest share of around 39% in the global Digital Signal Processors market in 2021, and is also analyzed to have a significant growth during 2022-2027.
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Report Coverage |
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Report Attributes |
Details |
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By Type |
General Purpose DSP, Programmable DSP, Specific Purpose/Application Specific DSP |
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By Category |
Fixed Point Processors, Floating Point Processors |
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By Application |
Wireless Communications, Audio & Video Processing, Digital Image Processing, RADAR Communication, Medical Devices, Mobile Telecommunication, Industrial Automation, RF Digital Signal Processing, Digital TV & Home theatre, Industrial Control, Data center |
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By End Users |
Automotive, Consumer Electronics, Healthcare, Manufacturing, Aerospace & Defense, IT & Telecommunication |
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By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
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Market Drivers and Challenges :
1. Growing demand for digital signal processing within automotive applications act as a major factor driving the market growth of digital signal processors. DSPs serve as an integral part in automotive industries, ranging from advanced driver assistance systems, infotainment systems, RADAR and Lidar sensor processing, automotive body electronics.
2. According to the National Automobile Dealers Association, it is predicted that the U.S sales of new light vehicles will rise to 15.4 million units by 2022, with an increase of 3.4%. This in turn is set to create new demands for varied automotive electronic components, significantly impacting the digital signal processors market growth in the long run.
3. Increasing adoption of connected devices coupled with rise in data traffic can be considered as one of the major factors boosting the growth of digital signal processors market. Rising industrial automation trends, digitalization transformation shifts along with growing dependency on advanced technologies like IoT, AI and others.
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