The global digital signal processors market is anticipated to grow significantly over the forecast period. Information contained in signals needs to be processed so that it can be analyzed, displayed or converted. Analog products help detect real-world including audio, video, position, etc., which are then digitized using converters. Digital signal processors (DSP) process this information at very high speeds and feed it back for use in various applications. While signals can be processed in the analog form, using digital processing results in high speed and accuracy, which is one of the key product benefits. Signals can be compressed for quicker transmission; they can also be enhanced (for example, in echo cancellation) in order to provide information that cannot be sensed by humans while improving quality. DSP components include program and data memory, a compute engine, and input/output.
Technological advancement and developments in wireless infrastructure are the chief market drivers. Additionally, the growth in data traffic and use of technologies such as internet protocol (IP) cameras for video surveillance are expected to drive product demand on a global level. Digital signal processing has emerged as the preferred technique to build high-performance communication systems due to the cost benefits it offers. Design tools and other hardware have been developed for DSPs in order to mitigate challenges such as the trade off between price, performance, and power consumption. These products can be used in numerous application areas, primarily because they are programmable in nature. Power consumption has emerged as a key parameter for choosing a DSP, on account of migration from legacy end-use industries to growing use in devices such as laptops and cell phones.
The DSP Market is anticipated to grow significantly over the forecast period. Computers, consumer electronics, and the information and communications technology (ICT) sector which includes wireless communications uses were the largest application segments in 2012. Growing investment in these areas coupled with developments in fab, fabless, IP, and ATP (assembly, testing, and packaging) are expected to favorably impact the industry over the next few years. In terms of geography, Asia Pacific is expected to be the fastest growing market segment over the forecast period. Major industry participants include Altera Corporation, Freescale Semiconductor, Analog Devices Incorporated, Infineon Technologies AG, NXP Semiconductors NV, Renesas Electronics Corporation, Texas Instruments, and Xilinx among others.
This report, by Grand View Research, takes a closer look at the video surveillance industry, providing a holistic perspective on market dynamics, trends, supply, and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key applications including automotive, ICT, computer, consumer electronics, industrial, military & aerospace, medical and others. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which have been driving and inhibiting the global digital signal processors market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.