Albany, NY -- (SBWIRE) -- 11/30/2016 -- Owing to the mass adoption of digital signal processing (DSP) technology in consumer electronics, the deployment of DSP chips has increased in numerous applications that use this technology, states Transparency Market Research (TMR) in a new research report. The report is titled, "Digital Signal Processors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019."
The study presents a comprehensive description of the historical growth trajectory, current market state, and future growth opportunities of the global digital signal processors market. It further assesses the predominant trends along with the key elements at play in the market. The report also highlights the dynamics that are likely to drive or restrain the growth of the global digital signal processors market. It also projects the volume and revenue growth of the market.
The report further explores the key strategies, product portfolio, and share of the leading players operating in the global digital signal processors market. To offer a clear understanding of the market, the report utilizes Porter's five forces analysis and presents an analysis of the competitive landscape. It also provides information on the degree of entry and exit barriers in the global digital signal processors market. According to the report, the development of wireless infrastructure is one of the primary factors driving the growth of the global digital signal processors market.
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The study states that some of the key participants in this industry are assembly and testing and packaging vendors, intellectual property (IP) vendors, fab and fabless manufacturers, foundries, and electronic design automation (EDA) vendors. It further says that the growth of the global digital signal processors market can be attributed to the mounting data traffic and advent of new devices and applications. The emergence of internet protocol for video surveillance is another factor that is expected to boost the adoption of digital signal processors.
The tradeoff between price, performance, and power consumption is anticipated to hamper the growth of the global digital signal processors market. However, manufacturers of digital signal processor chips are likely to gain lucrative growth opportunities from the growing demand for IP and VoIP video and the untapped market in emerging economies. The report segments the IP market into programmable DSP core, application specific integrated circuits, customizable, and non-customizable IP.
Digital signal processors have applications in nanotechnology, radar communication applications, medical sector, industrial sector, automotive sector, consumer electronics sector, VoIP, surveillance, wireless communication, and computer peripherals and computers. The rising deployment of digital signal processors in the consumer electronic devices such as printers, digital cameras, and set-top boxes are likely to bode well for the growth of the market.
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Geographically, Asia Pacific and North America emerged as the leading hubs for the manufacture of DSPs. The countries leading the market are Korea, Taiwan, Japan, China, and the U.S. The key players operating in the market are Toshiba Corp., Samsung Electronics Co. Ltd., ST Microelectronics N.V., Broadcom Corp., Ceva Inc., Freescale Semiconductor Ltd., Altera Corp, and Analog Devices Inc., among others.