Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Audio DSP Market Outlook

The global audio DSP market stood at a value of around USD 15.71 billion in 2023. The market is further expected to grow at a CAGR of 9.4% in the forecast period of 2024-2032 to attain USD 35.31 billion by 2032.             

Global Audio DSP Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 15.71
Market Size 2032 USD Billion 35.31
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 9.4%
CAGR 2024-2032 - Market by Region Asia Pacific 10.7%
CAGR 2024-2032 - Market by Country India 11.3%
CAGR 2024-2032 - Market by Country Brazil 10.9%
CAGR 2024-2032 - Market by Type Integrated 9.9%
CAGR 2024-2032 - Market by End Use Wearables 10.7%
Market Share by Country 2023 Canada 3.1%

Growing Popularity of Integrated Audio DSPs to Bolster the Growth of the Audio DSP Industry

Based on type, the integrated segment accounts for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. Integrated DSPs generate less amount of heat, which enhances the life span of the product. Moreover, they are fast and can convey information with less noise, distortion, and interference. Over the forecast period, the growing awareness about the cost-effectiveness of the product is likely to augment the market growth. Meanwhile, the discrete segment is anticipated to witness a steady growth in the forecast period owing to the changing consumer preference towards DSPs that offer high accuracy. High accuracy and reliability are the biggest advantages of discrete DSPs.

Market Share by Country
Canada 3.1%
USA XX%
UK XX%

The Asia Pacific to Provide Significant Growth Opportunities to the Audio DSP Industry

The audio DSP industry in the Asia Pacific is driven by the growing digitalisation, coupled with the increasing adoption of wireless communication networks in emerging economies of the continent. In countries like India and China, a significant surge in video streaming and the demand for cloud streaming has been observed. This is one of the major factors driving the growth of the audio DSP industry in the region. Over the forecast period, the growing adoption of audio DSPs in the automotive sector is likely to provide a further impetus to the industry.

Global Audio DSP Market

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Audio DSP: Market Segmentation

Audio DSP (digital signal processing) is defined as a subfield of digital signal processing that deals with the manipulation of audio signals. Basically, DSP takes the real-world audio and manipulates it based on certain algorithms to achieve some goals, including background noise cancellation.

Global Audio DSP Market by Segment

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Based on type, the market is segmented into:

  • Discrete
  • Integrated
CAGR 2024-2032 - Market by Type
Integrated 9.9%
Discrete XX%

The major end uses of the product include:

  • Laptop and Computer
  • Phones
  • Tablets
  • Headphones and Earphones
  • Home Entertainment
  • Commerical Music System
  • Automotive
  • Wearables
  • Smart Home
CAGR 2024-2032 - Market by End Use
Wearables 10.7%
Smart Home 10.1%
Headphones and Earphones 9.7%
Laptop and Computer XX%
Phones XX%
Others XX%
CAGR 2024-2032 - Market by Country
India 11.3%
Brazil 10.9%
China 10.3%
UK 9.5%
USA 8.9%
Canada XX%
Germany 8.6%
France XX%
Japan XX%
Australia XX%
Saudi Arabia XX%
Mexico XX%
Italy 7.9%

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

CAGR 2024-2032 - Market by Region
Asia Pacific 10.7%
North America 9.1%
Europe XX%
Latin America XX%
Middle East and Africa XX%

Rising Demand for Audio DSP in the Consumer Electronics Industry to Boost the Growth of the Audio DSP Industry

The global audio DSP industry is driven by its growing applications in the consumer electronics sector. The significant surge in the adoption of devices such as tablets, smartphones, and computers, among others, coupled with the growing consumer reliance on the same, is driving the global audio DSP industry growth. The use of audio DSPs in these devices can save a significant amount of time and can enhance the customer experience. For instance, a person can navigate direction while driving through the audio DSP system. Over the forecast period, the rapid technological advancements and the new product launches by the manufacturers are likely to propel the audio DSP industry growth further.

Global Audio DSP Market by Region

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Key Industry Players in the Global Audio DSP Market

The report gives a detailed analysis of the following key players in the global audio DSP market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Analog Devices, Inc.
  • Broadcom Inc.
  • CEVA, Inc.
  • Intel Corporation
  • NXP Semiconductors N.V. 
  • Qualcomm Technologies, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End Use
  • Region
Breakup by Type
  • Discrete
  • Integrated
Breakup by End Use
  • Laptop and Computer
  • Phones
  • Tablets
  • Headphones and Earphones
  • Home Entertainment
  • Commerical Music System
  • Automotive
  • Wearables
  • Smart Home
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Analog Devices, Inc.
  • Broadcom Inc.
  • CEVA, Inc.
  • Intel Corporation
  • NXP Semiconductors N.V. 
  • Qualcomm Technologies, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Audio DSP Market Report Snapshots

Audio DSP Market Size

Audio DSP Market Growth

Audio DSP Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global audio DSP market attained a value of nearly USD 15.71 billion.

The market is projected to grow at a CAGR of 9.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 35.31 billion by 2032.

The market is being driven by the rising applications of audio DSP in the consumer electronics sector and the growing cost-effectiveness of audio DSP.

The increasing penetration of electronic devices like tablets and smartphones, rapid technical breakthroughs, and new product launches by manufacturers are the key trends of the market.

The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, the Asia Pacific.

Discrete and integrated are the leading types of audio DSP in the market.

The significant end uses of audio DSP in the market are laptop and computer, phones, tablets, headphones and earphones, home entertainment, commerical music system, automotive, wearables, smart home.

The key 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.

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