Global Audio DSP Market To Be Driven By Growing Application In Consumer Electronics During Forecast Period 2022-2027 – Bloomingprairieonline
Expert Market Research’s new report titled Global DSP Audio Market Report and Forecast 2022-2027 provides an in-depth analysis of the global DSP Audio market and evaluates the market based on its segments such as types, end-use, and major regions. The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses the market dynamics, covers the main demand and price indicators and analyzes the market based on the SWOT and Porter Five Forces models.
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Key highlights of the report include:
Market overview (2017-2027)
- Forecast CAGR (2021-2027): 4%
The audio DSP market is driven by the thriving consumer electronics industry. The increasing demand for audio DSP can be attributed to the increasing adoption of smartphones, tablets, computers, game consoles and other devices in developing countries like China, Brazil, India and Argentina due to their increasing middle class disposable and discretionary income. Integrating audio DSPs into these devices can help save time while improving the customer experience. For example, the audio DSP system can be used for navigation while driving. Meanwhile, increasing application of the product in the cloud streaming and video streaming industry is likely to give impetus to the market. The rising investments made by the key players in improving audio DSP technology are expected to support the market growth over the forecast period. In the post-COVID days, as different sectors recover from the negative impact of the pandemic, the product is likely to see increasing demand.
Industry definition and main segments
Audio DSP stands for Digital Signal Processing, a technology used to convert an input or digital signal into another digital signal. It’s generally used to troubleshoot problems or tweak audio devices to make them sound better. Some other common uses for audio DSP include adding delays to bounce sound evenly between speakers and determining which audio frequency goes to the tweeter, sub, or woofer. Audio DSP is especially used as an equalizer in different rooms or settings.
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On the basis of technology, the Audi DSP market can be segmented into:
On the basis of end use, the market can be categorized into:
Regional Audio DSP Markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Among these, Asia-Pacific is anticipated to account for a significant share of the global audio DSP industry during the forecast period.
The increasing adoption of DSP systems in automobiles is expected to expand the audio DSP industry. Policies to encourage EV adoption in developed countries are expected to support market growth as EVs are often associated with modern features like Audio DSP. Technological advances in 3D audio and Bluetooth audio codecs along with the advent of 5G technology and the Internet of Things (IoT) are expected to be another major trend that boosts the market growth over the forecast period. The rapid technological advancement and increasing investments by the major players to develop innovative solutions with latest features are expected to contribute significantly to the market growth.
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Important market participants
The major players in the market include Analog Devices Inc., Broadcom Inc., CEVA Inc., Intel Corporation NXP Semiconductors, NV Qualcomm Technologies Inc., among others. The report covers the market shares, capacities, asset rotations, expansions, investments, among other latest developments of these market players and mergers and acquisitions.
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