Digital Signal Processors Market Subjected to Expand Moderately by 2023
Market
Synopsis
The increasing development in technologies and the area of
wireless infrastructure is enhancing the global Digital
Signal Processors Market 2020. Consumer electronics,
communication, automotive, surveillance, Nanotechnology, and automotive are
some of the major application areas where DSP provides benefits that aids in
expanding the market. DSP has proven to be lucrative to the high-performance
communication system resulting in increased demand from the telecom industry.
From the last few years, the surveillance sector has witnessed a robust
expansion due to the increased demand for I.P. cameras and advanced video
surveillance leading to higher demand for DSP microprocessors at a global
level. Moreover, the rising per capita income and initiatives taken by the
government of various countries have also contributed significantly in the
expansion of growth of digital signal processors. High accuracy and high benefit
while performing mathematic manipulation are some of the essential advantages
of DSP. The expansion of industries like gaming consumer, I.T., and
telecommunication, consumer electronics, are some of the essential key factors
enhancing the DSP market.
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Market Segmentation
The global digital signal processors market can
be classified on the basis of application, components, type, design
architecture, industry, and region.
On the basis of application, the global digital signal processors
market can be classified into Nanotechnology, Consumer electronics, Automotive, Communication,
Surveillance, and Medical and others.
On the basis of components,
the global digital signal processors market can be classified into the
system-on chip (SOC), input-output controller’s single and multi-core
processors, ICs, and a few others.
On the basis of type, the global digital signal
processors market can be classified into programmable (FPGA & PLD) DSP, application-specific
DSP, and general-purpose DSP.
On the basis of design
architecture, the global digital signal processors market can be classified
into embedded DSP and DSP. Embedded DSP is further classified into a multi-core
DSP processor and a single-core DSP processor.
On the basis of region, the
global digital signal processors market can be classified into North America,
Europe, Asia-Pacific, and the Rest of the World (RoW).
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Regional Analysis
The geographical analysis of Europe (including
Russia), North America, Asia Pacific (including New Zealand, and Australia),
and the Rest of the World (including the Middle East, Africa, and South
America), has been performed. The global DSP market is likely to grow
considerably during the review period owing to the increased demand for secure
and faster device storage. Among the regions analyzed, the market is reigned by
North America owing to the broader applications of the digital signal
processors in automotive, consumer electronics, and healthcare. The expansion
is also due to the rising adoption of the system on chip equipment. Due to the
presence of established technology companies in the U.S. and Canada, the North
American market booms and acquires the first position. The North American
market reigns in the aspect of technology, which provides it a competitive
advantage over any other country. The APAC region acquires the second position
and is the fastest-growing region. The establishment of semiconductor
organizations in the region. APAC is also the largest exporter of semiconductor
products, which plays a vital role in the expansion of the DSP market. Europe
takes third place due to the presence of developed nations. The increasing
surveillance market in the region is one of the crucial factors in expanding
market growth.
Key Players
The forefront players in the global DSP market
are Xilinx Inc. (U.S.), Altera Corp. (U.S.), Devices Inc. (U.S.), Broadcom
Corp. (U.S.), Qualcomm Inc. (U.S.), NXP Semiconductor (Netherlands), Renesas
Electronics Corp.(Japan), Toshiba Corp. (Japan), Samsung Electronics Co. Ltd.
(South Korea), Texas Instruments Inc. (U.S.), and a few others.
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