Digital Signal Processors Market - Industry Analysis, Size, Share, Growth,COVID-19 Impact Analysis, Trends and Forecast - 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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