According to a new report Global Digital Signal Processor Market, published by KBV Research, The Global Digital Signal Processor Market size is expected to reach $16.4 billion by 2025, rising at a market growth of 8.2% CAGR during the forecast period. The global market for DSPs is expected to gain prominence on the back of the need to build high-performance communication systems cost-effectively. The recent shift from traditional devices to new gadgets, such as laptops and phablets, has exposed the need for maximum power consumption, which has shifted the focus to DSPs. Ultimately, the global DSP market is expected to take advantage of some big opportunities with technological advancements and innovations.
Multi-core digital signal processing has gained significant popularity in recent years due to the growth of data-intensive applications, such as video and high-speed Internet browsing on mobile devices, which require higher computing capacity but lower cost and power consumption. The Single Core market is expected to witness a CAGR of 5.1% during (2019 - 2025).
The high utilization of the digital signal processor chip in the consumer electronics industry and the increasing demand for the digital signal processor in the automotive sector are boosting the market growth. In addition, the development of new applications and devices and the rapid expansion of wireless network infrastructure are driving the market growth. The Aerospace & Defense market is expected to witness a CAGR of 8.5% during (2019 - 2025). Additionally, The Manufacturing market is poised to grow at a CAGR of 9.9% during (2019 - 2025).
The Asia Pacific market dominated the Global Digital Signal Processor Market by Region in 2018. The Asia Pacific is a prominent market for electronics manufacturing and widespread use of digital signal processors in the electronics industry, expected to increase the growth of the digital signal processor market in the region. The European market for digital signal processors is anticipated to show lucrative growth rate of 7.9% during the forecast period due to the high demand for electronics products, which directly leads to the growth of the overall digital signal processor market. Additionally, The North America market is expected to witness a CAGR of 7.6% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/digital-signal-processor-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., Infineon Technologies AG, NXP Semiconductors N.V., Qualcomm, Inc., Samsung Electronics Co., Ltd. (Samsung Group), STMicroelectronics N.V., Texas Instruments, Inc., Toshiba Corporation and Xilinx, Inc.
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