A specially customized microprocessor involved in the measurement, filtering and continuous compression of analog signals is known as a digital signal processor or a DSP. The architecture of DSP hardware is optimally designed for the smooth operational requirements of the digital signal processing.
The Digital Signal Processors Market is facing a huge demand due to the massive rise in movement of data. DSP technology as well as DSP hardware are being put to diverse uses resulting in them being important drivers for growth of the Digital Signal Processors Market. But the Digital Signal Processors Market also faces a balance constraint. Getting the right combination of performance, consumption of power as well as the price for a digital processor is the biggest obstacle for the Digital Signal Processors Market.
Not all DSP hardware provide the same kind of speed and performance. There are several types of DSP hardware which vary in price starting from US$2 to US$500. The latest advances in the Digital Signal Processors Market have been successful at bringing down the power consumption.
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The market for DSP technology and DSP hardware has a very positive outlook. IndustryARC expects the growth for the Digital Signal Processors Market to keep rising until at least 2021. Further, IndustryARC expects this growth for applications of DSP to be led by Asia-Pacific. While the market for digital signal processing in Asia-Pacific will exhibit the fastest growth, North America, Europe and the rest of the world will not lag behind. In 2015, consumer electronics containing various types of signal processing was the biggest generator of revenue for the Digital Signal Processors Market. But IndustryARC expects the automotive industry to show the biggest compounded annual growth in demand for a digital processor till 2022.
There are various ways in which the Digital Signal Processors Market can be segmented. It can depend on the basis of product type, design of integrated circuit (IC), applications of DSP and regional markets.
Segmentation of the Digital Signal Processors Market according to product type:
- General Purpose DSP IC
- Specific Purpose DSP IC
- Programmable DSP IC
According to the design of the IC:
- Standard IC
- Embedded IC
According to the applications of DSP:
- Consumer Electronics
According to regional markets:
- North America
- Rest of the World
For clarity, the major countries listed under Asia-Pacific are India, China, Japan as well as South Korea. The major European countries considered are Italy, Germany, U.K., Spain France and Russia. The major North American countries considered are Canada, U.S. and Mexico.
Some of the key players involved in the global Digital Signal Processors Market are as follows:
- Broadcom Corporation
- Freescale Semiconductor Holdings Ltd.
- Infineon Technologies AG
- LSI Corporation
- Altera Corporation
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