Global digital signal processors (DSP) market is anticipated to grow at a significant CAGR of 13.4% during the forecast period (2024-2031). The market growth is attributed to the increased use of DSP for efficient and accurate signal processing, such as filtering, modulation, and compression. The rise of technologies such as artificial intelligence (AI), Internet of Things (IoT), and 5G networks require powerful signal processing capabilities that can be effectively provided by digital signal processors. Therefore, key manufacturers are highly focusing on this factor while making product advancements. For instance, in February 2023, CEVA announced efficient DSP architecture to date, addressing the massive compute requirements of 5G-advanced and beyond. The new CEVA-XC20 is based on a groundbreaking vector multi-threaded massive compute technology that is designed to address next-generation 5G-Advanced workloads across a broad spectrum of use cases.
Browse the full report description of “Digital Signal Processors (DSP) Market Size, Share & Trends Analysis Report by Type (Fixed Point (DSP) and Floating Point (DSP)), by Core Type (Multi Core and Single Core), and by End-User (Consumer Electronics, Aerospace & Defense, Automotive, Telecommunications and Healthcare) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/digital-signal-processors-market
An increasing use case of DSP is audio cancellation combined with external microphones on the audio device cancels out the audio around the users to improve their audio experience. For instance, in January 2024, Equipson introduced new integra series digital signal processorsunder its WORK PRO brand, with three models (8, 16 and 32 input/output configurations) to provide installation users with control of audio output across multiple zones while offering configurable per-channel DSP architecture, adjust gains, EQ, and compression. Additionally, in July 2023, Asahi Kasei Corp. introduced AK7709VQ multicore DSP for automotive applications. AK7709VQ, a new multicore DSP conceived for next-generation in-vehicle sound design. This powerful DSP enables the real-time large-scale computational processing required to provide an immersive sound experience for passengers.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Core Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Analog Devices, Inc., MediaTek Inc., NXP Semiconductors N.V., Qualcomm Technologies, Inc., and Texas Instruments Inc. among others.
Key questions addressed by the report.
Global Digital Signal Processors Market Report Segment
By Type
By Core Type
By End-User
Global Digital Signal Processors Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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