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The audio DSP industry is driven by the growing use of the product in automobiles for vehicular entertainment and the employment of DSP in various electronic items such as smartphones, laptops, tablets, and computers, among others. Audio DSPs are known to be reliable, accurate, and convenient. The growing awareness about these advantages offered by the product is likely to bolster the market in the forecast period. In addition, the market is expected to be aided by the growing adoption of the product in the consumer electronics sector.
In February 2019, Analog Devices, Inc. (NASDAQ: ADI) announced the availability of the SHARC audio module, which is a hardware platform that facilitates efficient prototyping, development, and production of various digital audio products. The SHARC audio module is known to be ideal for multi-channel audio systems, MIDI synthesisers, and many other DSP-based audio projects. This move is likely to propel the demand for audio DSP chips in these DSP-based audio projects.
In terms of region, the Asia Pacific is likely to account for a significant share in the market. This can be attributed to the technological advancements in the electronics sector in the region and the employment of DSPs in various products such as smartphones, televisions, tablets, and computers, among others. The market is expected to be aided by the growing demand for wireless connections in the region, along with the growing adoption of air pods, wireless headphones, and fire TV sticks, among others.
Market Breakup by Type, End Use, and Region:
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The major players in the global audio DSP market are Analog Devices, Inc., Broadcom Inc., CEVA, Inc., Intel Corporation, NXP Semiconductors N.V., and Qualcomm Technologies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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