The Global Audio DSP Market size is expected to reach $17.7 billion by 2026, rising at a market growth of 9.3% CAGR during the forecast period. DSP refers to digital signal processor, a technology that is used in smartphones, headphones, studio audio gear, smart speakers, vehicle entertainment systems, & others. DSP chips are available in various sizes, prices, & performance points. These processors range from multi-channel processors in cars & professional studio equipment, to small power chips for smart speaker voice recognition. The processors are utilized to accelerate the execution of audio-related algorithms along with utilizing less power than a traditional CPU.
These DSPs are important as they play a crucial role in advanced audio equipment, from headphones to automotive speakers, DACs, & professional equipment. The high-quality DSP provides processing power for high-quality sound effects that ranges from on-device EQs to voice recognition, surround sound capabilities, & active noise cancellation. The premium DSPs also consume less power, stretching the battery life of the devices for long hour listening.
Advanced desktop computers consist of audio hardware. This audio hardware enables audio to be recorded for storing as digital data & afterwards used for playbacks. This digital information could be edited to transform the audio sounds when played back. There are various digital audio effects which became common due to the flexibility & fidelity of digital editing. The audio DSP solutions for home theater products allow OEMs to provide more features & the most realistic sound in the products that includes high-end systems high-fidelity, and feature rich low-end systems.
Based on Type, the market is segmented into Integrated and Discrete. Based on type, the integrated market segment procured the largest share of revenue in the audio DSP market in 2019. The demand from the wireless communication market segment is anticipated to grow, due to the rising usage of broadband, video streaming, & huge demand for cloud services. Moreover, COVID-19 is anticipated to create more requirements for digital transformation & technologies like IoT, 5G, AI, and intelligent edge computing for future optimization.
Based on End User, the market is segmented into Phones, IoT, Home Entertainment, Computer, True Wireless Earphones, Smart Homes, Wearables and Others. On the basis of end-use, the phone market segment garnered the maximum revenue in the audio DSP market in 2019. Many high-profile organizations have begun to support the transformative power of a properly-used DSP. From precisely creating 3D audio, optimizing music automatically, to allowing the future of Bluetooth audio codecs, the rising developments that took place in the DSP domain will transform the way people listen in complete ways.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 10.8 Billion |
| Market size forecast in 2026 | USD 17.7 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 9.3% from 2020 to 2026 |
| Number of Pages | 204 |
| Number of Tables | 304 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling, Competitive Landscape |
| Segments covered | Type, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Audio DSP Market to reach a market size of $17.7 billion by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America acquired the second-largest share in terms of revenue in the global audio DSP market. The consumer electronics sector is deep-rooted in North America that resulted in the rising adoption of an audio digital signal processor. Moreover, swift growth in sales of advanced home products is complementing the market growth. In addition, the growing disposable income of consumers & increased usage of digital sound processors in consumer electronics, automotive, and commercial industries fuel the audio DSP market share around the globe.
The major strategies followed by the market participants are Product Launches and Partnerships. Based on the Analysis presented in the Cardinal matrix; Toshiba Corporation and Intel Corporation are the forerunners in the Audio DSP Market. Companies such as Analog Devices, Inc., Qualcomm, Inc., CEVA, Inc., and NXP Semiconductors N.V., Advanced Micro Devices, Inc. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Broadcom, Inc., Intel Corporation, NXP Semiconductors N.V., Qualcomm, Inc., Renesas Electronics Corporation, Texas Instruments, Inc., Toshiba Corporation, Advanced Micro Devices, Inc. (Xilinx, Inc.), and CEVA, Inc.
By Type
By End-User
By Geography
The audio DSP market size is projected to reach USD 17.7 billion by 2026.
The major factors that are anticipated to drive the audio DSP industry include increasing implementation of DSP Chips in Consumer Electronics.
Analog Devices, Inc., Broadcom, Inc., Intel Corporation, NXP Semiconductors N.V., Qualcomm, Inc., Renesas Electronics Corporation, Texas Instruments, Inc., Toshiba Corporation, Advanced Micro Devices, Inc. (Xilinx, Inc.), and CEVA, Inc.
The Integrated market dominated the Global Audio DSP Market by Type 2019, growing at a CAGR of 8.3 % during the forecast period.
Based on region, Asia-Pacific will emerge as the leading region of the market over the forecast period, due to developments in the consumer electronics sector.
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