Digital signal processors or DSP are specialized microprocessor chips, which are designed to perform various mathematical functions for instance additions, subtractions, multiplications, and divisions at high speed with minimum energy consumption. Digital signal processors are classified into general DSP and special DSP. General DSP is designed & optimized for various applications including digital filtering, convolution, correlation, and FFT. Additionally, the special DSP has various features that are optimized for unique applications including audio processing, echo cancellation, compression, and adaptive filtering. DSP takes real-world signals including audio, video, voice, pressure, and temperature and also manipulates them so that the information or data they contain can be displayed, analyzed and converted in a type of signal of use. These microprocessors are basically found in different devices like smart-phones, headphones, and vehicle entertainment systems. DSP is generally used in computers to control security, home theatre systems, in communication facilities, and video compressions as it provides signal processing algorithms, better control accuracy, and easy storage in magnetic media without the loss of quality of signal.
As per analysis, “Global DSP Digital Signal Processor Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global digital signal processor market include Amptek Inc., Freescale, Wolfson Microelectronics, Texas Instruments, Broadcom, Fujitsu, CML Microcircuits, FURUKAWA ELECTRIC, Conexant, Cirrus Logic, Zilog, IC-Haus, NTT Electronics, Microsemi, ON Semiconductor, Tensilica, NXP Semiconductors, Swindon Silicon Systems and among others. Leading players are engaged in developing a variety of products variants to amplify their market share as well as gain the traction in global marketplace. They are also estimated to remain active in the mobile advertising market over the forecasting period.
By type, digital signal processor market is segmented as application specific DSP ICs, general purpose DSP ICs and programmable DSP IC. In addition, by application, market is segmented as consumer electronics sector, ICT sector, medical sector, computers sector, medical sector and others. Leading companies have adopted different strategies for instance product launches, collaborations, partnerships, mergers & acquisitions, and joint ventures for maintaining their foothold in the global digital signal processor market.
The digital signal processor market is driven by rise in data traffic, followed by rapid development in wireless infrastructure, growth in urbanization, surge in Internet Protocol (IP) video surveillance and emergence of new applications & devices. However, complexity in designing and programming complex architecture of DSP and Lack of skilled workforce in the core electronics sector may impact the market. Moreover, rise in demand for Voice over Internet Protocol (VoIP) & IP video is a key opportunity for market.
Based on geography, the North-America is a leading region in global digital signal processor market owing to increase in investment in research, production & development of DSP, growth in technological advancements along with improvement in wireless infrastructure across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to growth in demand for electronics products over the forecast period. It is projected that future of the global digital signal processor market will be bright as a result of increase in use of technologies such as Internet Protocol (IP) cameras for video surveillance during the forecast period.
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Ankur Gupta, Head Marketing & Communications