Published by Wanda Rich
Posted on March 23, 2025
Widespread Use of Digital Signal Processors for Matching Operating Requirements Creating Prospects: Fact.MR Report
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, reveals that revenue from the digital signal process marketis approximated to reach US$ 75.49 billion in 2024 and advance at a CAGR of 7.1% through 2034.
Digital signal processors are specialized microprocessor chips made to meet the operating requirements of digital signal processing. The integrated circuit chips used to make these processors are MOS chips. They are now a standard component of modern signal processing systems. Digital signal processors are widely utilized in audio signal processing, radars, telecommunications, and voice recognition systems. They are also used in several consumer electronics products. Disk drives, cell phones, and HDTVs fall within this category. Real-world analog continuous signals are typically measured, compressed, or filtered using digital signal processors. They are now the perfect parts for portable electronics like cell phones. Their superior power efficiency is the reason behind this. As more people are using electronic devices such as laptops, cellphones, embedded systems, and others, the use of DSPs in these systems is increasing.
Key Takeaways from the Market Study:
“The need for digital signal processors in network infrastructure to monitor and improve data transmission is driving growth in this market,” says a Fact.MR analyst.
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Latest Technological Advancements Driving Market Trends for Digital Signal Processors
The advent of 5G and next-generation communication networks is increasing the demand for powerful DSPs to handle demanding signal processing tasks. As IoT and smart home technologies proliferate, so does the necessity for digital signal processors for real-time data processing and analytics. These developments are also positively attracting trends in the digital signal processor market. In-car entertainment and autonomous driving systems (ADAS) demand powerful DSPs since the automotive industry is moving toward electrified and driverless automobiles.
Digital Signal Processor Industry News:
Key players in the digital signal processor market are heavily investing in the development of advanced display technologies and expanding their production capacities to meet rising demand. To strengthen their market positions, manufacturers are also engaging in mergers and acquisitions. These strategies are aimed at enhancing performance, capabilities, and power efficiency, ensuring that digital signal processors remain integral to emerging applications such as data centers, 5G, and automotive electronics.
Several companies have introduced groundbreaking innovations in this space. In October 2022, Broadcom Inc. expanded its product portfolio by enhancing its software, silicon, and hardware storage access devices, enabling hyperscale data centers to efficiently manage video storage at scale. In February 2022, STM Electronics launched an intelligent sensor processing unit (ISPU), integrating MEM sensors with a digital signal processor on the same silicon. NXP Semiconductors N.V. partnered with Jio Platforms Ltd. in June 2021 to drive 5G adoption across India. Additionally, in January 2022, Infineon Technologies AG introduced the AURIX TC4x series, a new family of 28 nm microcontrollers featuring a state-of-the-art SIMD vector digital signal processor to support AI-driven automotive applications.
Leading Players Driving Innovation in the Digital Signal Processor Market:
Key industry participants like Analog Devices, Inc.; Broadcom, Inc.; Infineon Technologies AG; Samsung Electronics Co.; Microelectronics N.V.; Texas Instruments, Inc.; Toshiba Corporation; Xilinx, Inc.; Analog Devices Inc.; NXP Semiconductors; Broadcom Inc.; STMicroelectronics; ONsemi; Asahi Kasei Corporation; Qualcomm Technologies Inc.; Knowless Electronics LLC; Cirrus Logic, Inc.; ROHM Company Ltd.; Renesas Electronics Corp.; Skyworks Solutions Inc.; Rockwell Automation Inc.; Waytronic; Intel Corporation; NVIDIA Corporation etc. are driving the digital signal processor industry.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the digital signal processor market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges the digital signal processor market based on core type (multi-core, single core), type (DSP multiprocessors on a die, 32-bit floating point, 16-bit fixed point), and end user (consumer electronics, aerospace & defense, automotive, manufacturing, healthcare), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
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