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Thursday, February 17, 2022

Global Audio DSP Market to be Driven Growing Application in Consumer Electronics in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global DSP Audio Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global DSP audio market, assessing the market based on its segments like types, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2021-2027): 4%

The audio DSP market is being driven by the thriving consumer electronics industry. The rising demand for audio DSP can be attributed to the increasing adoption of smartphones, tablets, computers, gaming consoles and other devices in developing countries like China, Brazil, India and Argentina owing to their increasing middle-class disposable and discretionary income. The integration of audio DSPs in these devices can help save time while also improving the consumer experience. For instance, the audio DSP system can be used to navigate directions while driving. Meanwhile, the rising application of the product in the cloud streaming and video streaming industry is likely to provide an impetus to the market. The rising investments from key players towards enhancing the Audio DSP technology is expected to aid the market growth in the forecast period. In post-COVID days, as the various sectors recover from the negative impacts of the pandemic, the product is likely to witness a rise in demand.

Industry Definition and Major Segments

Audio DSP stands for digital signal processing, which is a technology used to take an input or digital signal and process it into a different digital signal. It is generally used to fix problems or tweak audio devices to make them sound better. Some other common applications for audio DSP include adding delay to make sound bounce evenly between speakers and specifying which frequency of sound goes to the tweeter, sub or woofer. Audio DSP is notably used as an equalizer in different rooms or settings.

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The Audi DSP market, on the basis of technology, can be segmented into:

  • Discrete
  • Integrated

On the basis of end-use, the market can be categorised into:

The regional markets for Audio DSP include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Among these, Asia-Pacific is expected to account for a significant share of the global audio DSP industry over the forecast period.

Market Trends

The increasing adoption of DSP systems in automobiles is expected to augment the audio DSP industry. Policies promoting the adoption of electric vehicles in developed countries is expected to aid the market growth as electric vehicles are often associated with modern features like Audio DSP. Technological advancements in 3D audio and Bluetooth audio codecs and the advent of 5G technology and Internet of Things (IoT) is likely to be another key trend bolstering the market growth in the forecast period. The rapid technological advancements and increasing investments by the key players to develop innovative solutions with latest features are anticipated to significantly contribute to the market growth.

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Key Market Players

The major players in the market are Analog Devices Inc., Broadcom Inc., CEVA Inc., Intel Corporation NXP Semiconductors, N.V. Qualcomm Technologies Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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