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2021
Audio Dsp Market

Audio DSP Market By Type (Discrete and Integrated) and End Use (Computer, Phones, Tablets, Over-Ear Headphones, TWS, Home Entertainment, Commercial, Automotive, Portable, Smart Home, IoT, Wearable, and AR/VR): Global Opportunity Analysis and Industry Forecast, 2020–2027
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A10309
Pages: 243
Feb 2021 | 4722 Views
Author(s) : Divyanshi Tewari
Tables: 106
Charts: 90
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COVID-19

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Audio DSP Market Outlook – 2027 

The global audio DSP market size was valued at $11.06 billion in 2019, and is projected to reach $23.43 billion by 2027, registering a CAGR of 9.3% from 2020 to 2027.A digital signal processor (DSP) is a specialized microprocessor chip. DSPs are fabricated on MOS integrated circuit chips. They are widely used in audio signal processing, telecommunications, digital image processing, radar, sonar and speech recognition systems, and consumer electronic devices such as mobile phones, disk drives, and high-definition television (HDTV) products.

The Global Audio DSP Market is expected to attain negative growth due to shutdown of audio DSP manufacturing units globally.

Audio DSP Market 

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Modern computers are equipped with audio hardware, which allows audio to be recorded as digital information for storage and later playback. For instance, audio digital sound processor solutions for home theater products enable OEMs to deliver enhanced features such as high-fidelity, high-end systems, feature-rich low-end systems, and realistic sounds across product lines.

The global audio DSP market share is expected to seize some great opportunities with technological advancements and developments. Different types of printers, digital cameras, consumer electronics devices, and set-top boxes are highly in demand, which have encouraged the rise in use of audio signal processing. Application of audio digital sound processoris not limited to consumer electronics, but it is also widely used in the automobile sector. Production of vehicle surveillance equipment and vehicle parts, particularly for location-based service vendors, has exaggerated the use of audio signal processing.

According to audio DSP market analysis, Apple AirPods Pro uses audio digital signal processor to measure ear canal and then adjust the performance of earbuds to optimize the audio quality. In addition, Sony’s 360 Reality Audio uses audio DSP technology to map ears of users and adjust its signal to provide enhanced audio experience.

Rise in employment of DSP chips in consumer electronics and rise in adoption of wireless connectivity and infrastructure act as major drivers for the market growth globally. However, use of audio DSP in devices incurs extra value and increases cost of the product, which is expected to pose major threats for the audio DSP market growth. Furthermore, rise in use of audio digital signal processor in automobiles, increase in demand for audio DSP in printers, and surge in IP cameras in video surveillance are expected to offer lucrative opportunities for the audio DSP market growth globally.

Audio DSP Market
By Type

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Discrete segment will grow at a highest CAGR of 12.6% during the forecast period

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Segment Overview

The audio DSP market size is segmented on the basis of type, end use, and region. By type, the market is bifurcated into discrete and integrated. By end use, it is segmented into computer, phones, tablets, over-ear headphones, TWS, home entertainment, commercial, automotive, portable, smart home, IoT, wearable and AR/VR. By region, the audio DSP market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.

Audio DSP Market
By End Use

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Phone segment will dominate the market during 2020 - 2027

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Competitive Analysis

Key players profiled in the audio DSP industry include Texas Instrument, Altera Corporation, NXP Semiconductors, Broadcom Corporation, Analog Devices, Renesas Electronics, Xilinx Incorporated, Toshiba Corporation, LSI Corporation, and CEVA Incorporated. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

Audio DSP Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region will maintain the lead with a highest CAGR of 10.6% during 2020 - 2027

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The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The “New Normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.

The COVID-19 pandemic is impacting the society and overall economy across the global. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It is creating uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increasing panic among customers. European countries under lockdowns have suffered a major loss of business and revenue, owing to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; which has led to slowdown in growth of the audio DSP market in 2020.

The COVID-19 has severely impacted global manufacturing and industrial sector as production facilities have stalled, which, in turn, have led to significant demand in industries.

Emergence of COVID-19 has declined growth of the audio DSP market in 2020, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdowns across various countries globally is the prime reason for this decline in growth rate. As industries were temporarily shut, it reduced the need for maintenance from various industries.

Top Impacting Factors

Notable factors positively affecting the audio DSP market include growth in employment of DSP chips in consumer electronics, and increase in adoption of wireless connectivity and infrastructure. However, use of audio DSP in devices incurs extra value and increases cost of the product, which hampers growth of the market. Furthermore, rise in use of audio DSP in automobiles, increase in demand for audio DSP in printers, and use of IP cameras in video surveillance are expected to offer lucrative opportunities for the market growth in coming years.

Growth in Employment of DSP Chips in Consumer Electronics

Employment of DSP chips in the consumer electronics segment has endorsed adoption of audio DSP (digital signal processing) on a larger scale. Shift from old devices to modern day devices, such as tablets and laptops, has stated the need for optimum power consumption, which creates demand for audio DSPs.

Rise in Use of Audio DSP in Automobiles

Audio DSP is has found its applications in the automotive industry. Use of audio DSP has increased in this industry, owing to production of vehicle surveillance equipment and vehicle parts, particularly for location-based service vendors. Therefore, automotive equipment manufacturers drive the demand for audio DSPs.

Key Benefits For Stakeholders

  • This study includes analytical depiction of the audio DSP market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding key drivers, restraints, and opportunities in the audio DSP market.
  • The audio DSP market trends are quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

Segments Sub-segments
By Type
  • Discrete
  • Integrated

By End Use
  • Computer
  • Phones
  • Tablets
  • Over-Ear Headphones
  • TWS
  • Home Entertainment
  • Automotive
  • Commercial
  • Portable
  • Smart Home
  • IoT
  • Wearable
  • AR/VR

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • ANALOG DEVICES INCORPORATED
  • BROADCOM INCORPORATED (BROADCOM CORPORATION)
  • CEVA INCORPORATED
  • INTEL CORPORATION (ALTERA CORPORATION)
  • NXP SEMICONDUCTORS N.V
  • QUALCOMM INCORPORATED
  • RENESAS ELECTRONICS CORPORATION
  • TEXAS INSTRUMENTS INCORPORATED.
  • TOSHIBA CORPORATION
  • XILINX INCORPORATED
 

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The global audio DSP market is highly competitive, owing to strong presence of existing vendors. Audio DSP technology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

Audio DSP market is expected to witness a significant growth with increase in adoption from various industries to improve operations efficiency and consumer experience across different regions. Technological advancements have augmented the overall product development within a wide range of industries. Consumer electronics, automotive, and commercial are some of the leading sectors that use audio DSP to improve operation efficiency and enhanced audio experience.

Asia-Pacific is projected to dominate the market during the forecast period, owing to growth in the consumer electronics industry. Countries in this region have an improved consumer electronics industry, with China manufacturing massive amounts of mobile phones each year. Adoption of audio DSP in commercial and automotive sectors, increase in awareness among masses about benefits of using audio DSPs, and cost-effectiveness of thistechnology drive growth of the audio DSP market in this region.

The audio DSP market provides numerous growth opportunities to the players such Texas Instrument, Broadcom, Renesas Electronics, and NXP Semiconductors.

 

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FREQUENTLY ASKED QUESTIONS?

A. The Audio DSP Market is estimated to grow at a CAGR of 9.3% from 2020 to 2027.

A. The Audio DSP Market is projected to reach $23.43 billion by 2027.

A. To get the latest version of sample report

A. Growth in employment of DSP chips in consumer electronics, and increase in adoption of wireless connectivity & infrastructure boost the Audio DSP market growth.

A. The key players profiled in the report include Texas Instrument, Altera Corporation, NXP Semiconductors, Broadcom Corporation, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Audio DSP Market is segmented on the basis of type, end use, and region.

A. The key growth strategies of Audio DSP market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Discrete segment will grow at a highest CAGR of 12.6% during the forecast period.

A. Phone segment will secure the leading position during 2020 - 2027.

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