Digital Signal Processors Market - Forecasts from 2018 to 2023
The digital signal processors market is estimated to grow at a CAGR of 7.73% during the forecast period to reach a market size of US$15.287 billion by 2023 from a market size of US$9.779 billion in 2017. A digital signal processor is a specialized microprocessor which processes the digital data by mathematical manipulation (performing functions like addition, subtraction, multiplication, and division) to analyze the information contained in them. The parameters which can be manipulated range from temperature, pressure to voice and audio. Digital signal processor process data in real time, have high data throughput, ensures repeatable, desired and accurate performance and is reprogrammable by software. It is increasingly being used across industry verticals such as communication, military, and aerospace and has various consumer and industrial applications. It can also be utilized for audio signal processing, speech processing, seismology, and radar applications among others. Increased usage of digital signal processing in consumer electronics and growth of these processors in wireless infrastructure sector are some of the factors driving the market growth. However, few limitations such as high consumption of power, reduced frequency range for operations, and need for analog to digital and digital to analog converters for these processors act as an impediment to the market growth. Europe, APAC regions will drive the digital signal processing market over the forecasted period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the digital signal processors value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the digital signal processors market.
Major industry players profiled as part of the report are NXP Semiconductors, Texas Instruments Incorporated, Samsung, Fujitsu, Intel Corporationn and Analog Devices, Inc. among others.
The Digital signal processors market has been analyzed through following segments:
By Number of Cores
DSP Multiprocessors on a die
32-bit Floating Point
16-bit Fixed Point
By End-User Industry
Aerospace and Defense
Middle East and Africa