The Increasing demand for cloud-based talent management software and the emergence of social platforms are projected to fuel the growth of the global Digital Signal Processor (DSP) market at a CAGR of 7.90% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Digital Signal Processor (DSP) Market”.

The Digital Signal Processor (DSP) market is estimated to register a CAGR of 7.90% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Digital Signal Processor (DSP) market - Texas Instrument Incorporated, Analog Devices Inc., NXP Semiconductors, Infineon Technologies AG, 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., Xilinx Inc., Waytronic, Intel Corporation., and NVIDIA Corporation.

Market Highlights

The global Digital Signal Processor (DSP) market is accounted to register a CAGR of 7.90% during the forecast period and is estimated to reach USD 46603.5 million by 2032.

A significant opportunity exists for the DSP market as smart homes and Internet of Things (IoT) devices increase in popularity. The DSP chips in smart homes and IoT devices process and analyze various types of signals, enabling intelligent functionality and seamless connectivity. DSP technologies benefit from the proliferation of these devices and the expanding scope of smart home and IoT applications.

Smart home devices, such as smart speakers, thermostats, security systems, lighting controls, and home appliances, have gained significant popularity. These devices heavily rely on DSP chips to process audio signals, recognize voice commands, perform audio enhancement, and enable seamless connectivity with other devices in the smart home ecosystem. In addition to healthcare, agriculture, transportation, and energy management, the IoT industry continues to grow. DSP chips are required to analyze signals from various sensors, extract meaningful information, and enable real-time decision making in IoT devices.

IoT devices often incorporate multiple sensors to capture data related to temperature, humidity, motion, light, and more. DSP chips play a crucial role in processing and filtering this sensor data, extracting relevant information, and facilitating data-driven actions. Smart home and IoT devices are increasingly leveraging real-time analytics and machine learning capabilities. DSP chips can efficiently handle the processing requirements of these algorithms, enabling real-time decision-making and predictive capabilities.

DSP chips enable efficient wireless communication protocols, such as Bluetooth, Wi-Fi, Zigbee, and cellular connectivity, which are integral to smart home and IoT devices. These chips facilitate seamless data transfer, device-to-device communication, and integration with cloud platforms.

While performing multiple sensing tasks with a DSP-based solution, power can be reduced. Low-power DSPs listen for voice commands all the time and wake up a main processor when necessary. It can also execute intelligent context awareness through a learning process and pre-defined profiles. The DSP requirements further increase with the introduction of biometric sensors. With the CEVA-TL410 DSP core, sensors can be merged continuously, voice triggers, facial triggers, and Bluetooth Low Energy devices consumed at less than 150 uW. It can be embedded in a standalone sensor hub type chip device or it can be incorporated inside an audio codec chip.

Segment Analysis

The global Digital Signal Processor (DSP) market has been segmented based on Type, Category, DSP Core, Application, and Industry.

Based on Type, the global Digital Signal Processor (DSP) market segmentation includes Generic or Application Processors and Specialized Audio Edge Processor. The Generic or Application Processors segment held the majority share in 2022, contributing around ~72.4% to the market revenue. As the name suggests, An application processor is a subset of the microprocessor. The term "application processor" originated in the cellular sector. It refers to a chip in a mobile device that is used for the primary processing of cellular phones and other smart features. In contrast, background functions such as running the display, processing wireless communications, and managing power drain are handled by chips. Mobile application processors are often systems on a chip (SoC) that include the intellectual property (IP) of one or more processor cores as well as various ancillary activities. Typically, application processors run a mobile operating system environment, which is essentially a specialised RTOS, as well as application software. There are numerous application processor vendors. Nvidia's five-core Tegra CPU, Qualcomm's Snapdragon, and Samsung's Exynos series are among the most well-known. A MediaTek CPU is used in many low-cost smartphones. Non-smartphone mobile devices, such as the Kindle Fire tablet, employ an OMAP (open multi-media applications platform) application processor from Texas Instruments.  

Based on Category, the global Digital Signal Processor (DSP) market segmentation includes Fixed Point Processors and Floating Point Processors. The Fixed Point Processors segment held the majority share in 2022 contributing around ~69.0% to the market revenue.

Based on DSP Core, the global Digital Signal Processor (DSP) market segmentation includes Single-core DSPs and Multi-core DSPs. The Multi-core DSPs segment held the majority share in 2022 contributing around ~78.1% to the market revenue.

Based on the Application, the global Digital Signal Processor (DSP) market segmentation includes Audio Signal Processing, Video Signal Processing, Security & Safety Systems, Radar & Sonar Applications, and Others. By Application, Audio Signal Processing segment hold the majority market share in 2022 contributing 58.0% of the market share.

Based on the End User, the global Digital Signal Processor (DSP) market segmentation includes Consumer Electronics, Automotive, Healthcare, Military, Telecommunication, and Others. By End User, the Telecommunication segment holds the majority of the market share in 2022 contributing around 34.9%.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Digital Signal Processors (DSP) Market Research Report

Regional Analysis

The global Digital Signal Processor (DSP) market, based on region, has been divided into the North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, Asia-Pacific held the largest share of 33.9% in the Digital Signal Processor (DSP) market in 2022 and is expected to maintain its dominance during the forecast period. The Asia-Pacific Digital Signal Processor market is expected to grow rapidly over the forecast period. The region is a large market for electronic manufacturing, and the increasing usage of digital signal processors in the electronics sector is expected to drive market growth. Smartphones are in high demand in countries such as India, China, Japan, and South Korea, prompting several suppliers to develop manufacturing operations in the region.

Rising demand from the automotive and aerospace and defense sectors is propelling the market in the United States of America ahead. In 2021, over 3.5 million passenger automobiles were sold in the United States. Total passenger automobile sales in the United States are expected to exceed 15 million by the end of 2033. This increase in car production and sales will benefit the digital signal processor business in the United States of America.

The growth is due to an increase in demand for DSP software among marketers in the United Kingdom, Germany, and France. According to Zenith, programmatic ad expenditure in Central and Eastern Europe (C&E Europe) will rise considerably between 2021 and 2024. Furthermore, the Germany Digital Signal Processor market had the greatest market share, while the United Kingdom Digital Signal Processor market was the fastest expanding in the European Region.

Key Findings of the Study

• The global Digital Signal Processor (DSP) market is expected to reach USD 46603.5 million by 2032, at a CAGR of 7.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, imperative factors, such as the significant number of investments in Asia-Pacific, making it the primary contributor to the market share.


• Based on type, the Generic or Application Processors segment was attributed to holding the largest market in 2022, with an approximate market share of 72.4 %.


• Texas Instrument Incorporated, Analog Devices Inc., NXP Semiconductors, Infineon Technologies AG, 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., Xilinx Inc., Waytronic, Intel Corporation., and NVIDIA Corporation, are the key market players.