Summary
A New Market Study, titled “Digital Signal Processor Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
The 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.
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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.
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.
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.
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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