Digital Signal Processors Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Number Of Cores (Single-Core, Multi-Core), By Type (DSP Multiprocessors On A Die, 32-Bit Floating Point, 16-Bit Fixed-Point), By End-User Industry (Consumer Electronics, Automotive, Healthcare, Manufacturing, Aerospace And Defense, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Aug 2021 Report Code: KSI061610447 Pages: 123

The digital signal processors market size is projected to grow at a CAGR of 7.36% during the forecast period to reach US$19.429 billion by 2026, from US$11.818 billion in 2019. A digital signal processor, commonly known as a DSP, is a specialized microprocessor that has the capability to process digital data by mathematical manipulation to process, analyze, and interpret the data contained in them. DSP process the given data in real-time, having high data throughput, providing desirable and accurate performance, ensuring repeatability, and can be reprogrammable using the software. The prime reason driving the market growth is increasing usage across several industry verticals owing to the booming demand for processors. Increasing disposable income coupled with rising usage of smart devices has significantly surged usage of DSP, contributing significantly to the market growth. However, high power consumption acts as an impediment to the market. Nevertheless, innovation in the industry is anticipated to increase new opportunities for the market and tap new growth prospects.

Booming growth in the consumer electronics segment is projected to increase the market growth prospects for digital signal processors during the forecasted period.

One of the prime industries that are expected to contribute significantly toward the market escalation of digital signal processors is consumer electronics. Certain consumer electronics have become a necessity for the world and have witnessed a significant surge in users. BankMyCell reports that the number of mobile phone users globally has surged significantly from 4.30 billion users in 2016 to 4.88 billion users in 2021. The rise in disposable income, advanced product launches, and fall in the price of basic mobile devices are prime growth factors. Within the mobile phone industry, a large portion of consumers in the market use smartphones. The number of smartphones increased from 2.5 billion in 2016 to 3.8 billion in 2021. This number is further anticipated to increase in the future. Mobile devices are the key employer of digital signal processors, and their growth is expected to surge the market size for DSPs. Furthermore, technological advancement in the industry is predicted to open up new growth prospects.

An increase in the number of other smart devices, such as smart TVs, smartwatches, and smart Tablets is also projected to showcase lucrative growth potential. With an increased standard of living and preference towards a tech-savvy lifestyle, consumers are increasing usage of these devices that support the market growth.  

The automotive, aerospace and defence sectors as well are projected to show promising market growth for digital signal processors owing to robust demand and rise in DSPs application.

Based on industry verticals, automotive, aerospace, and defence industries are projected to show a promising growth rate in the digital signal processors market during the forecasted period. robust growth in demand coupled with an increase in market adoption of DSPs is expected to increase the market scope. Manufacturing of automotive has a stable market while that of aerospace and defence is growing at a noteworthy rate. Data from International Organization for Motor Vehicle manufacturers shows stable production of motor vehicles around the world, with fluctuation with respect to other factors. However, data from the World Bank database shows that tourism has been increasing at a significant rate that supports the aviation industry's demand for aero-vehicles and drives demand for DSPs. Lucrative growth in these industries is expected to support the market for digital signal processors.

The Asia Pacific and North American regions are predicted to hold dominating share in the market. The North America DSP market is projected to grow at a significant rate while the Asia Pacific DSP market is expected to grow at the fastest rate during the forecasted period.

Based on geography, the digital signal processor market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The North American region is projected to grow at a significant rate during the forecasted period owing to the rise in automation, aerospace, and defence, and automotive industries. Furthermore, the early adoption of technology also plays a significant role in market adoption.

The Asia Pacific region, on the other hand, is projected to grow at the fastest rate. Rapid industrialization in China, South Korea, India, Vietnam, Singapore, Indonesia, and others have mushroomed manufacturing units in the country, especially in automotive, consumer electronics, and healthcare industries, that have created robust demand for digital signal processors. Furthermore, growing disposable income has surged the demand for consumer electronics to a notable level, which is expected to support the market prospects.

Covid Insights.

The coronavirus pandemic rattled the digital signal processor market by severely impacting the end-user industries, especially consumer electronics, automotive, and manufacturing. With the outbreak of the virus, governments implemented a nationwide lockdown that shut down the manufacturing unit and significantly impacted production, and eventually demand for DSPs.

Key Developments.

  • October 2019, Product Launch. Samsung Electronics launched 2 silicon-based products, made for future mobile devices. Exynos 990 and Exynos Modem 5123 are ultra-fast, next-generation, 5G mobile processors having 7-nanometer process technology along with extreme ultra-violet capabilities.

Digital Signal Processors Market Scope:

Report Metric Details
 Market size value in 2019  US$11.818 billion
 Market size value in 2026  US$19.429 billion
 Growth Rate  CAGR of 7.36% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Number of Cores, Type, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  NXP Semiconductors, Texas Instruments Incorporated, SAMSUNG, Fujitsu, Intel   Corporation, Analog Devices, Inc., LSI Logic Corporation, MIPS
 Customization scope  Free report customization with purchase


Key Market Segments

  • By Number of Cores
    • Single-core
    • Multi-core
  • By Type
    • DSP Multiprocessor on a die
    • 32-bit floating point
    • 16-bit fixed point
  • By End-Users Industry    
    • Consumer Electronics
    • Automotive
    • Healthcare
    • Manufacturing
    • Aerospace and Defence
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Taiwan
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the digital signal processors market size by 2026?
A1. The digital signal processors market is projected to reach a market size of US$19.429 billion in 2026.

Q2. What is the size of the digital signal processors market?
A2. Digital Signal Processors Market was valued at US$11.818 billion in 2019.

Q3. What are the growth prospects for the digital signal processors market?
A3. The global digital signal processors market is projected to grow at a CAGR of 7.36% during the forecast period.

Q4. What factors are anticipated to drive the digital signal processors market growth?
A4. The prime reason driving the digital signal processors market growth is increasing usage across several industry verticals owing to the booming demand for processors.

Q5. Which region holds the maximum market share of the digital signal processors market?
A5. The Asia Pacific and North American regions are predicted to hold dominating share in the digital signal processors market.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5. Digital Signal Processors Market, by Number Of Cores 
5.1. Introduction
5.2. Single-core
5.3. Multi-core

6. Digital Signal Processors Market, by Type
6.1. Introduction
6.2. DSP Multiprocessor on a die
6.3. 32-bit floating point
6.4. 16-bit fixed point

7. Digital Signal Processors Market, by End-User Industry
7.1. Introduction
7.2. Consumer Electronics
7.3. Automotive
7.4. Healthcare
7.5. Manufacturing
7.6. Aerospace and Defence
7.7. Others 

8. Digital Signal Processors Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom 
8.4.4. Spain 
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. India
8.6.3. South Korea
8.6.4. Taiwan
8.6.5. Thailand
8.6.6. Indonesia 
8.6.7. Japan
8.6.8. Others

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. Company Profiles
10.1. NXP Semiconductors
10.2. Texas Instruments Incorporated
10.3. Samsung
10.4. Fujitsu
10.5. Intel Corporation
10.6. Analog Devices Inc.
10.7. LSI Logic Corporation
10.8. MIPS

NXP Semiconductors

Texas Instruments Incorporated



Intel Corporation

Analog Devices Inc.

LSI Logic Corporation



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