Audio DSP Market to Reach $23.43 Bn, Globally, by 2027 at 9.3% CAGR: Allied Market Research

News provided by

Mar 11, 2021, 07:50 ET

PORTLAND, Ore., March 11, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Audio DSP Market By Type (Discrete and Integrated) and End Use (Computer, Phones, Tablets, Over-Ear Headphones, TWS, Home Entertainment, Commercial, Automotive, Portable, Smart Home, IoT, Wearable, and AR/VR): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global audio DSP industry generated $11.06 billion in 2019, and is projected to garner $23.43 billion by 2027, witnessing a CAGR of 9.3% from 2020 to 2027.

Drivers, restraints, and opportunities

Advantages of compound semiconductors over silicon-based technology, rise in demand for compound semiconductor epitaxial wafer in LED technology, and developing trends toward compound semiconductor wafers in the automotive industry drive the global Audio DSP market. However, high-cost related to compound semiconductor materials and components hinders the market growth. On the other hand, emerging usage of compound semiconductors in smart technologies create new opportunities in the coming years.

Download Free PDF Samples (Pages 243+, Tables 106, Charts 90): https://www.alliedmarketresearch.com/request-sample/10674

Covid-19 Scenario

Global lockdown has immensely impacted the market with major loss of business and revenue, owing to shutdown of manufacturing units in the region.
However, the government bodies in various regions have now issued several relaxations on the current regulations, thereby allowing the industries to reinitiate their businesses. This is anticipated to aid the Audio DSP market to recoup soon.

The integrated segment to continue its leadership status throughout the forecast period

Based on type, the integrated segment contributed to the highest market share, accounting for more than four fifths of the global audio DSP market in 2019, and will continue its leadership status throughout the forecast period. This is due to high demand for consumer electronics. However, the discrete segment is expected to manifest the fastest CAGR of 12.6% from 2020 to 2027, owing to increasing trends towards standalone manufacturing.

The phone segment to maintain its lead position during the forecast period

Based on end-use, the phone segment accounted for the largest share in 2019, holding nearly half of the global audio DSP market, and is projected to maintain its lead position during the forecast period. This is attributed to increasing demand for smartphones in developing economies. On the other hand, the smart home segment is expected to witness the fastest CAGR of 15.1% from 2020 to 2027. This is attributed to increasing trends towards smart infrastructures.

Asia-Pacific, followed by North America, to dominate the market throughout the forecast period-

Based on region, Asia-Pacific, followed by North America held the largest share in terms of revenue in 2019, accounting for nearly half of the global Audio DSP market, and will maintain its dominance in terms of revenue by 2027. In addition, the region is projected to witness the fastest CAGR of 10.6% during the forecast period. This is attributed to high demand for consumer electronics in the region due to large population.

Get Full COVID Impact Analysis (Regional & Vendors): https://www.alliedmarketresearch.com/request-for-customization/10674?reqfor=covid

Leading market players

Renesas Electronics
Xilinx Incorporated
Toshiba Corporation
LSI Corporation
CEVA Incorporated
Texas Instrument
Altera Corporation
NXP Semiconductors
Broadcom Corporation
Analog Devices

Similar Reports:

Photolithography Equipment Market by Process (Ultraviolet, Deep Ultraviolet, and Extreme Ultraviolet), Application (Front-end and Back-end), and Light Source (Mercury Lamp, Fluorine Laser, Excimer Laser, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

Millimeter Wave Technology Market by Product Type (Scanner Systems, Radar & Satellite Communication Systems, and Telecommunication Equipment), License Type (Light Licensed Frequency, Unlicensed Frequency, and Fully Licensed Frequency) Frequency Band (Below 57GHz, Between 57GHz & 300GHz, and Above 300GHz) Application (Telecommunication, Military & Defense, Automotive, Radio Astronomy, Consumer Industry, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

Streaming Devices Market by Component (Hardware & Software), Sales Channel (Online & Offline), Price Range (Low-Range, Medium-Range and High-Range), Application (TV, Gaming Consoles and Others) and End Use (Residential & Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027

Ethernet Adapter Market by Type (External, and Internal), Interface Type (PCIe, OCP, USB), Port Configuration (Single, Dual, and Quad), Data Rate Per Port (Up to 1 GbE, 10 GbE, 25 GbE, 40 GbE, 50 GbE, 100 GbE, and 200 GbE), Application (Servers, Embedded Systems, Consumer Applications, Routers and Switches, Desktop Systems, and Others), and End User (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 2019–2027

Class D Audio Amplifier Market By Amplifier Type (Mono-Channel, 2-Channel, 4-Channel, 6-Channel, and Others), Device (Television Sets, Home Audio Systems, Desktop & Laptops, Automotive Infotainment Systems, and Others), and End use (Automotive, Consumer Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

Pre-Book Now with 10% Discount:

Amplifier Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

3D Audio Market: Global Opportunity Analysis and Forecast, 2020–2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-597
[email protected]
Web: https://www.alliedmarketresearch.com