According to a new report Global Audio DSP Market, published by KBV research, 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.
The Integrated market dominated the Global Audio DSP Market by Type 2019, growing at a CAGR of 8.3 % during the forecast period. The Discrete market is expected to witness a CAGR of 11.4% during (2020 - 2026). The audio DSP market is projected to acquire substantial growth with rising adoption from different sectors to enhance operational efficiency & consumer experience around various regions. The technological improvements have bolstered the total product development within a broad range of sectors. Technological improvements have amplified the total product development in a broad spectrum of sectors. Automotive, consumer electronics, & commercial are among the major sectors that utilize audio DSP to enhance operation efficiency & improved audio experience.
There is an increasing application of audio DSP in the automotive sector. The usage of audio DSP has grown in the industry, due to the manufacturing of vehicle surveillance tools & vehicle components, especially the location-based service vendors. Thus, automotive equipment producers fuel the demand for audio DSPs. DSP finds considerable utilization in end-user applications depending on the major end-user segments across the globe during the forecast years.
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. This region has an enhanced consumer electronics sector, with China produce huge amounts of mobile phones every year. The increasing adoption of audio DSP in commercial & automotive sectors is due to the rising awareness among people about the advantages of utilizing audio DSPs, and the cost-effectiveness of the technology; thereby propelling the growth of the audio DSP market in the region. The Europe market is estimated to grow at a CAGR of 9% during (2020 - 2026). Additionally, The North America market would showcase a CAGR of 8.6% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/audio-dsp-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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