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Digital Signal Processors Market - Overview of key market forces propelling and restraining market growth

Communication Technology Services

Updated on Apr 15, 2019

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Global Digital Signal Processors Market: General Outline 

The global digital signal processors (DSP) market is presently securing a royal position in the mobile phone technology field and even beyond with the popularity of premium processors, such as Qualcomm’s Snapdragon 835. Its innovative chip boasts of a 1,000 times smaller size than a hair strand, precisely 10 nm, and is engineered to support state-of-the-art mobile performance. Most interestingly, the single chip provides exceptional and much demanded features, such as digital signal processing. 

The DSP market can be segmented on the basis of intellectual property (IP) vendors, although there are other key types of vendors existing in the market. The design architecture classification of the market enlists three important segments, including product design, which is further classified into three other segments and their sub-segments. Since DSPs find extensive usage in computers and other consumer electronics, the market is also divided into several segments by application. 

The report on global DSP market elaborated here offers a blanketing analysis to hold a thorough understanding of the current and future outlook of the industry. Interested buyers of the report are helped with an extended interpretation of the industry growth rate between 2016 and 2024. The comprehensively compiled publication also sheds light on vital factors, such as market structure, growth drivers and challenges, current market trends, and market projections. 

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Global Digital Signal Processors Market: Trends and Opportunities 

The rising demand for technologically sophisticated digital signal processing has allowed the ingress of a variety of applications, further reinforcing the maturation of the DSP market. Moreover, the augmented employment of DSP chips in the consumer electronics segment has promoted the adoption of digital signal processing on a larger scale. Of all the different types of consumer electronics, printers, digital cameras, and set-top boxes are the highly marketable ones which have nurtured the escalating usage of digital signal processing. 

The application of digital signal processing is not only limited to consumer electronics, DSPs are also extensively used in the automobile sector. The manufacture of vehicle parts and vehicle surveillance equipment, especially by location-based service vendors, has magnified the usage of digital signal processing. Certainly, automobile equipment manufacturers have significantly furthered the growth of the international DSP market. 

The worldwide market for DSPs is predicted to gain strength on the back of the need to build high-performance communication systems cost-efficiently. The recent shift from legacy devices to modern-day gadgets, such as laptops and phablets, has announced the need for optimum power consumption, which has turned the focus to DSPs. Overall, the global DSP market is expected to seize some great opportunities with technological advancement and developments. 

Global Digital Signal Processors Market: Regional Outlook 

The location-wise distribution of advanced digital processing by several providers established across the globe has strengthened the geographical expansion of the international DSP market. The market has North America and Asia Pacific as the largest consumers and manufacturers of DSPs. The Asia Pacific market is presently the market leader for electronics manufacturing, riding on coveted advantages such as low production cost and abundance of skilled labor. 

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