Digital Signal Processor Market to cross USD 19 billion by 2032, Says Global Market Insights inc.
Digital Signal Processor Industry size is expected to register 7% CAGR between 2024 and 2032 propelled by increasing demand for consumer electronics.
Selbyville, Delaware, Oct. 10, 2024 (GLOBE NEWSWIRE) — Digital Signal Processor Market was valued at USD 10.5 billion in 2023 and is projected to be worth USD 19 billion by the end of 2032, as per a
North America dominated the global digital signal processor market in 2023, accounting for a share of over 38%. The market is driven by the region’s strong technological infrastructure and robust demand across industries such as telecommunications, automotive, and aerospace. The widespread adoption of 5G technology, along with advancements in autonomous vehicles and defense applications, is fueling the demand for high-performance DSPs. The presence of leading technology companies and continuous innovation in consumer electronics are contributing to the market’s growth. North America’s focus on developing cutting-edge technologies and integrating AI and machine learning into various applications positions it as a key market for DSPs.
Digital Signal Processor Market Players
Companies including Analog Devices Inc., Broadcom Inc., Cirrus Logic, Inc., Infineon Technologies AG, Intel Corporation are some firms working in digital signal processor industry.
The digital signal processor market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD million & Units) from 2021 to 2032, for the following segments:
Market, By Type
- General-Purpose DSP
- Application-Specific DSP (ASDSP)
- Programmable DSP
- Embedded DSP
Market, By Core Type
- Single-core DSP
- Multi-core DSP
Market, By Architecture
- Harvard Architecture
- Von Neumann Architecture
Market, By End-User Industry
- IT & Telecom
- Consumer Electronics
- Automotive
- Healthcare
- Aerospace & Defense
- Others
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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