The “Audio DSP Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, report by IMARC Group offers a detailed analysis of the industry, including audio DSP market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global audio DSP market size reached US$ 14.32 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.57 Billion by 2028, exhibiting a growth rate (CAGR) of 9.32% during 2023-2028. An audio digital signal processor (DSP) represents a specialized microprocessor digital chip that operates acoustic signals while optimizing and improving efficiency, frequency, and performance. It is usually manufactured on traditional metal-oxide-semiconductor (MOS) integrated circuit chips. Audio DSP generally draws various world signals, such as audio, video, temperature, voice, position, and pressure, that are further mathematically analyzed. This microprocessor consumes minimal power compared to the traditional control processing units (CPU). In addition, audio DSP improves acoustic clarity, increases overall volume, offers the most realistic sound effects, enables signal manipulation, mitigates distortion, and allows background noise cancellation. As a result, this microprocessor finds widespread applications in sound navigation and ranging (SONAR), speech recognition systems, studio audio gears, headphones, smartphones, disk drivers, and high-definition television (HDTV) products.
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Audio DSP Market Trends:
The escalating demand for several consumer electronic devices, including telephones, tablets, desktops, and audio systems, is among the primary factors driving the audio DSP market. Besides this, the ongoing establishment of smart homes and the elevating requirement for various wireless communication systems, such as voice recognition and security systems and Bluetooth audio codecs, are further augmenting the market growth. Moreover, the extensive usage of audio DSP in digital cameras, printers, set-op-box, location-based services, video surveillance, and digital image processing solutions is also catalyzing the global market. Apart from this, the growing popularity of this microprocessor in lane departure warnings, blind spot detection, parking assistance devices, adaptive control cruise, and collision avoidance technologies to improve sound quality in-car audio systems is acting as another significant growth-inducing factor. Furthermore, the large-scale integration of artificial intelligence (AI), the internet of things (IoT), and intelligent edge computing with this solution is expected to bolster the audio DSP market in the coming years.
Audio DSP Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the audio DSP market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Advanced Micro Devices Inc.
- Analog Devices Inc.
- CEVA Inc
- NXP Semiconductors N.V.
- Qualcomm Incorporated
- Renesas Electronics Corporation
- Texas Instruments Incorporated
- Yamaha Corporation
Key Market Segmentation:
The report has segmented the global audio DSP market based on type, end-use and region.
Breakup by Type:
- Discrete
- Integrated
Breakup by End-Use:
- Phones
- IoT
- Home Entertainment
- Computer
- True Wireless Earphones
- Smart Homes
- Wearables
- Others
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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