Digital Signal Processor ( DSP) Market Research Report – Forecast to 2030

Digital Signal Processor Market Research Report Information By Design Architecture (Standard DSP, Embedded DSP), By Application (Speech Processing and Recognition, Digital Image Processing, Audio Signal Processing, Audio, and Video Compression, Radar Applications, Others), By Type (Programmable (FPGA & PLD) DSP, General-Purpose DSP, Application-Specific DSP), By Industry (Military And Defense, Telecommunication, Consumer Electronics, Automotive, Healthcare, others), And By Region (North America, Europe, Asia-Pacific, And Rest of The World)

ID: MRFR/SEM/0721-HCR | 110 Pages | Author: Aarti Dhapte | September 2023         

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Global Digital Signal Processor ( DSP) Market Overview:


Digital Signal Processor Market Size was valued at USD 12.5 billion in 2022. The Digital Signal Processor market industry is projected to grow from USD 14 Billion in 2023 to USD 27.63 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.00% during the forecast period (2023 - 2030). DSP is used in computers for security control, communication infrastructure, home theatre systems, and video compression; expanding its uses outside the automobile industry is the key market driver enhancing the market growth.
Global Digital Signal Processor Market Overview
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Digital Signal Processor Market Trends




  • Expanding applications in the automotive sector will boost the market growth




Digital signal processors are commonly employed to manufacture car components and vehicle surveillance systems. Location-based service providers utilize these processors for remote diagnostic systems, intelligent transportation systems, and vehicle tracking to maximize engine efficiency. Moreover, a greater need for safety increases the use of airbags, collision avoidance systems, and digital signal processor-controlled brakes in automobiles. Hence assisting in market expansion. The epidemic has had a particularly negative impact on the automobile sector, with both investments and demand for passenger vehicles falling rapidly. The number of passenger automobiles sold worldwide in 2020 was 53.9 million, down from 64.0 million the year before, according to figures released by OICA. Yet, since 2021, the sector has had a strong growth tendency. Thus, this factor is driving the market CAGR.


Service providers are taking cutting-edge technology into account as they deploy several Digital Signal Processor models. The client electronics industry's growing need for DSP chips creates many possibilities for DSP solution vendors. The need for technologically advanced digital signal processing is growing every day, and it has access to several applications that will support the DSP market throughout the projection. Digital signal processing has also increased due to rising sales of consumer gadgets like set-top boxes, digital cameras, and printers. According to the Digital Signal Processor Market Research, the worldwide market is anticipated to grow more over the forecast period. The major players have greater chances to investigate the entire digital economy. Thus, this aspect will accelerate Digital Signal Processor market revenue globally.


Digital Signal Processor Market Segment Insights:


Digital Signal Processor Design Architecture Insights


Based on Design Architecture, the Digital Signal Processor Market segmentation includes Standard DSP, Embedded DSP. The Embedded DSP segment held the majority share in 2022, contributing around ~65-67% concerning the Digital Signal Processor Market revenue. Systems with dedicated hardware and computationally specialized software are called embedded systems. A system-on-chip is created when numerous essential elements of an embedded system are integrated into a single silicon substrate (SoC). These embedded systems, which include SoCs, can either function independently or as a component of a much more complicated and large-scale system.


Figure 1: Digital Signal Processor Market, by Type, 2022 & 2030 (USD billion)
Digital Signal Processor Market, by Type, 2022 & 2030
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Digital Signal Processor Application Insights


Based on Application, the Digital Signal Processor Market segmentation includes Speech Processing and Recognition, Digital Image Processing, Audio Signal Processing, Audio and Video Compression, Radar Applications, and Others. The Radar Applications segment dominated the market in 2022 and is projected to be the faster-growing segment during 2022-2030. Together, these applications concentrate on the product's benefits and widespread use. The Industry will progressively expand to ideal heights with the addition of more applications to satisfy anticipated data for the digital signal processor market. Hence, rising applications for Digital Signal processors positively impact market growth.


Digital Signal Processor Type Insights


The Digital Signal Processor Market data has been bifurcated by Type into Programmable (FPGA & PLD) DSP, General-Purpose DSP, and Application-Specific DSP. The Programmable (FPGA & PLD) DSP segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The market is expanding due to the widespread usage of A.I. and IoT technologies, the growing use of FPGAs in ADAS, expanding use of data centers and high-performance computing (HPC), and the increased need for FPGA hardware verification in aviation.


Digital Signal Processor Industry Insights


Based on Industry, the global Digital Signal Processor industry has been segmented into Military and Defense, Telecommunication, Consumer Electronics, Automotive, Healthcare, and others. Automotive held the largest segment share in 2022. In the production of automobile parts and vehicle surveillance systems, digital signal processors are widely used. Location-based service providers use these processors for intelligent transportation systems, vehicle tracking, and remote diagnostic systems to optimize engine efficiency. In-cabin entertainment and control systems, which have high-performance requirements for signal processing, frequently employ digital signal processors. High memory bandwidth, quick multiply-accumulate hardware, and instructions that integrate many processes are some of the specific features found in these CPUs.


Digital Signal Processor Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Digital Signal Processor market accounted for USD 5.72 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The market in this area is expanding due to significant expenditure in DSP manufacturing, research, and development. The market for digital signal processors has expanded due to advancements made by electronics and semiconductor businesses, which created low-cost hardware with cutting-edge capabilities and features.


Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Digital Signal Processor Market SHARE BY REGION 2022 (%)
Digital Signal Processor Market SHARE BY REGION 2022
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Over the projection period, the Asia-Pacific Digital Signal Processor market is anticipated to grow quickly. The area is a significant market for electronics production, and the Region's widespread use of digital signal processors in the electronics sector is predicted to drive the market's expansion. There is a large demand for smartphones from nations like India, China, Japan, and South Korea, motivating numerous suppliers to establish manufacturing operations in the area. Moreover, the China Digital Signal Processor market held the largest market share, and the India Digital Signal Processor market was the fastest-growing market in the Asia-Pacific region.


Europe Digital Signal Processor market is anticipated to account for a sizable portion. The rise in demand for DSP software among marketers in the U.K., Germany, and France is responsible for the expansion. Zenith estimates that programmatic ad spending will increase significantly in Central & Eastern Europe (C&E Europe) between 2021 and 2024. Further, the Germany Digital Signal Processor market held the largest market share, and the U.K. Digital Signal Processor market was the fastest-growing market in the European Region


Digital Signal Processor Key Market Players & Competitive Insights


Leading market players are investing a lot of money in R&D to expand their product portfolios, which will spur further market growth for Digital Signal processors. With significant industry changes, including new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market developments are also undertaking various strategic activities to expand their global presence. To grow and remain in a market that is becoming increasingly competitive, Digital Signal Processor industry competitors must provide affordable products.


Manufacturing locally to cut operational costs is one of the main business tactics the Digital Signal Processor industry uses to serve customers and increase the market sector. The Digital Signal Processor industry has recently given medicine some of the most important advantages. The Digital Signal Processor market major players such Broadcom Corporation (U.S.), NXP Semiconductor (Netherlands), Analog Devices Inc. (U.S.), Altera Corporation (U.S.), Qualcomm Inc. (U.S.), Renesas Electronics Corporation (Japan), Toshiba Corp. (Japan), Texas Instruments Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Xilinx Inc. (U.S.), and others are working on expanding the market demand by investing in research and development activities.


NXP Semiconductors N.V. is a Dutch semiconductor manufacturer and designer in Eindhoven, Netherlands. The organization employs almost 31,000 employees in more than 30 nations. In 2021, NXP reported $11.06 billion in sales. For sophisticated machine learning inference at the industrial and IoT (Internet of Things) edge, NXP launched the i.MX 8M Plus application processor in January 2020. Launching this new product is part of an effort to grow the EdgeVerse product line. With a quad-core Arm® Cortex-A53 sub-system operating at up to 2GHz, a 3D GPU for detailed graphics rendering, an 800MHz Cortex-M7, a high-performance 800MHz audio DSP for voice and natural language processing, and dual camera image signal processors, this offers 2.3 TOPS (Tera Operations Per Second) (ISP).


Qualcomm is a worldwide American company with its main office in San Diego, California. It was founded in Delaware. It produces software, chips, and services for wireless technology. The 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA mobile communications protocols are all based on their patents. To replace the XR1 chipset, Qualcomm introduced the Snapdragon XR2 in December 2019. The new processor offers improved performance and 11-fold faster artificial intelligence processing. Voice support is made possible by Qualcomm's internal low-power Hexagon digital signal processor (DSP).


Key Companies in the Digital Signal Processor market include




  • Broadcom Corporation, (U.S.)




  • NXP Semiconductor (Netherlands)




  • Analog devises Inc. (U.S.)




  • Altera Corporation (U.S.)




  • Qualcomm Inc. (U.S.)




  • Renesas Electronics Corporation (Japan)




  • Toshiba Corp. (Japan)




  • Texas Instruments Inc. (U.S.)




  • Samsung Electronics Co. Ltd. (South Korea)




  • Xilinx Inc. (U.S.)




Digital Signal Processor Industry Developments




  • January 2022: A new line of 28 nm microcontrollers (MCUs) called AURIX TC4x was unveiled by Infineon Technologies AG for applications in eMobility, ADAS, automotive E/E systems, and low-cost A.I. Next-generation TriCore 1.8 and scalable performance enhancements from the AURIX accelerator family are included in the new AURIX TC4x series. This comprises the cutting-edge parallel processing unit (PPU), a SIMD vector digital signal processor that meets the requirements of various A.I. topologies.




  • December 2021: The revolutionary ADRV9040 RadioVerse System-on-Chip (SoC) series was unveiled by Analog Devices, Inc. It has cutting-edge digital signal processing features such as carrier digital down-converters (CDDC), carrier digital up-converters (CDUC), digital pre-distortion (DPD), and crest factor reduction. It provides eight transmit and receive channels with a 400MHz bandwidth (CFR). The need for a field-programmable gate array (FPGA) is anticipated to be removed due to the enhanced signal processing, which will reduce the system's overall weight, size, power, and cost.




Digital Signal Processor Market Segmentation:


Digital Signal Processor (DSP) Design Architecture Outlook




  • Standard DSP




  • Embedded DSP




Digital Signal Processor (DSP) Applications Outlook




  • Speech Processing and Recognition




  • Digital Image Processing




  • Audio Signal Processing




  • Audio and Video Compression




  • Radar Applications




  • Others




Digital Signal Processor (DSP) Type Outlook




  • Programmable (FPGA & PLD) DSP




  • General-Purpose DSP




  • Type-Specific DSP




Digital Signal Processor (DSP) Industry Outlook




  • Military And Defense




  • Telecommunication




  • Consumer Electronics




  • Automotive




  • Healthcare




  • others




Digital Signal Processor Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America






Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 12.5 billion
Market Size 2023 USD 14 billion
Market Size 2030 USD 27.36 billion
Compound Annual Growth Rate (CAGR) 12.0% (2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
Historical Data 2019 - 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product Type, Operating Platforms, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Broadcom Corporation (U.S.), NXP Semiconductor (Netherlands), Analog Devices Inc. (U.S.), Altera Corporation (U.S.), Qualcomm Inc. (U.S.), Renesas Electronics Corporation (Japan), Toshiba Corp. (Japan), Texas Instruments Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Xilinx Inc. (U.S.)  
Key Market Opportunities Service providers are taking cutting-edge technology into account as they deploy several Digital Signal Processor models.
Key Market Dynamics Expanding applications in the automotive sector DSP is utilized in computers for security control, communication infrastructure, home theatre systems, and video compression.


Frequently Asked Questions (FAQ) :

The Digital Signal Processor Market size was valued at USD 12.5 Billion in 2022.

The global market is projected to grow at a CAGR of 12.0% during the forecast period, 2022-2030.

North America had the largest share of the global market

The key players in the market are Broadcom Corporation (U.S.), NXP Semiconductor (Netherlands), Analog Devices Inc. (U.S.), Altera Corporation (U.S.), Qualcomm Inc. (U.S.), Renesas Electronics Corporation (Japan), Toshiba Corp. (Japan), Texas Instruments Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Xilinx Inc. (U.S.).

The Embedded DSP category dominated the market in 2022.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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