From GlobeNewswire: 2024-08-05 08:00:00

The Digital Signal Processor market size is valued at $10.1 billion in 2024, projected to reach $14.7 billion by 2029 with a 7.8% CAGR. Growth factors include IoT adoption, digital signal processing in automotive, 5G technology improvements, and VoIP services demand. Major companies include Analog Devices, Texas Instruments, and Qualcomm.

Multi-Core DSPs dominate the market, crucial for industrial automation, motor control, and real-time sensor data analysis in robotics. Mid-range DSPs excel in home audio systems, enhancing sound quality through room correction and speaker optimization. General-purpose DSPs are versatile solutions for various signal processing tasks, meeting industry demands for computational power and real-time processing capabilities.

Audio Processing holds the highest market share in DSP applications, essential for functions like noise cancellation, equalization, and sound performance optimization in audio products. The Asia Pacific DSP market is growing rapidly due to increasing smart home device adoption, driven by rising disposable incomes and urbanization, creating a demand for smart devices reliant on DSPs for key functionalities.



Read more at GlobeNewswire: Digital Signal Processor Market Trends, Size, Key Growth