Global Audio DSP Market is valued at approximately USD 14.44 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2023-2030. An Audio DSP System is a hardware or software-based system that digitally processes and enhances audio signals for various applications, including recording, playback, effects processing, and audio synthesis. The Audio DSP Market is expanding because of factors such as the rising demand of consumer electronics and increasing penetration of in IoT devices. Moreover, rising advancements in IoT have led to increased demand for audio DSP systems, as they play a crucial role in processing and analyzing audio data from connected devices, enabling enhanced audio experiences and improved device functionality.
According to Statista in 2022, the number of Internet of Things (IoT) devices worldwide is expected to nearly triple from USD 9.7 billion in 2020 to over USD 29 billion by 2030. By 2030, China is projected to have the largest number of IoT devices, with around 5 billion devices used by consumers. The rising adoption of consumer electronics increases the demand for Audio DSP Systems, as these systems are crucial for enhancing audio experiences and providing high-quality sound in devices such as smartphones, smart speakers, and headphones. According to Statista in 2023, the global volume of consumer electronics is expected to experience a growth rate of 8.58 percent between 2023 and 2028, resulting in an estimated increase of 709.4 million units. By 2028, it is anticipated that the total volume of consumer electronics is projected to reach 9 billion units. In addition, rising technological advancements in Audio DSP systems and growing adoption of voice assistants and smart devices would create a lucrative growth opportunity. However, the technical complexity and the high cost associated to audio DSP systems stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Audio DSP Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia pacific dominated the market during the forecast period owing to the increased demand for consumer electronics and the rising adoption of wireless communication networks in the region. North America is the fastest growing region during the forecast period owing to the factors such as increasing adoption of IoT devices and smart home technologies in the region.
Major market player included in this report are:
- CEVA Incorporated
- Texas Instruments Incorporated.
- Xilinx Incorporated
- Renesas Electronics Corporation
- Analog Devices Incorporated,
- NXP Semiconductors N.V
- Qualcomm Technologies, Inc.
- Toshiba Corporation
- Intel Corporation
- Broadcom Incorporated (Broadcom Corporation)
Recent Developments in the Market:
- In June 2023, ClearOne, released the latest addition to its superior beamforming microphone array ceiling tile called BMA 360D. This ground-breaking solution provides superb audio performance as well as seamless interaction with any DSP mixer that supports the Dante protocol.
Global Audio DSP Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End Use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
By End Use:
- Computer
- Phones
- Tablets
- Over-Ear Headphones
- TWS
- Home Entertainment
- Commercial
- Automotive
- Portable
- Smart Home
- IoT
- Wearable
- AR/VR
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Audio DSP Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Audio DSP Market, by Type , 2020-2030 (USD Billion)
- 1.2.3. Audio DSP Market, by End-Use , 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Audio DSP Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Audio DSP Market Dynamics
- 3.1. Audio DSP Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand of consumer electronics
- 3.1.1.2. Increasing penetration of in IoT devices
- 3.1.2. Market Challenges
- 3.1.2.1. Technical complexity
- 3.1.2.2. High cost associated to audio DSP systems
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising technological advancements in Audio DSP systems
- 3.1.3.2. Growing adoption of voice assistants and smart devices
Chapter 4. Global Audio DSP Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Audio DSP Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Audio DSP Market by Type , Performance - Potential Analysis
- 5.3. Global Audio DSP Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Audio DSP Market, Sub Segment Analysis
- 5.4.1. Discrete
- 5.4.2. Integrated
Chapter 6. Global Audio DSP Market, by End-Use
- 6.1. Market Snapshot
- 6.2. Global Audio DSP Market by End-Use , Performance - Potential Analysis
- 6.3. Global Audio DSP Market Estimates & Forecasts by End-Use 2020-2030 (USD Billion)
- 6.4. Audio DSP Market, Sub Segment Analysis
- 6.4.1. Computer
- 6.4.2. Phones
- 6.4.3. Tablets
- 6.4.4. Over-Ear Headphones
- 6.4.5. TWS
- 6.4.6. Home Entertainment
- 6.4.7. Commercial
- 6.4.8. Automotive
- 6.4.9. Portable
- 6.4.10. Smart Home
- 6.4.11. IoT
- 6.4.12. Wearable
- 6.4.13. AR/VR
Chapter 7. Global Audio DSP Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Audio DSP Market, Regional Market Snapshot
- 7.4. North America Audio DSP Market
- 7.4.1. U.S. Audio DSP Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. End-Use breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Audio DSP Market
- 7.5. Europe Audio DSP Market Snapshot
- 7.5.1. U.K. Audio DSP Market
- 7.5.2. Germany Audio DSP Market
- 7.5.3. France Audio DSP Market
- 7.5.4. Spain Audio DSP Market
- 7.5.5. Italy Audio DSP Market
- 7.5.6. Rest of Europe Audio DSP Market
- 7.6. Asia-Pacific Audio DSP Market Snapshot
- 7.6.1. China Audio DSP Market
- 7.6.2. India Audio DSP Market
- 7.6.3. Japan Audio DSP Market
- 7.6.4. Australia Audio DSP Market
- 7.6.5. South Korea Audio DSP Market
- 7.6.6. Rest of Asia Pacific Audio DSP Market
- 7.7. Latin America Audio DSP Market Snapshot
- 7.7.1. Brazil Audio DSP Market
- 7.7.2. Mexico Audio DSP Market
- 7.8. Middle East & Africa Audio DSP Market
- 7.8.1. Saudi Arabia Audio DSP Market
- 7.8.2. South Africa Audio DSP Market
- 7.8.3. Rest of Middle East & Africa Audio DSP Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. CEVA Incorporated
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Texas Instruments Incorporated.
- 8.3.3. Xilinx Incorporated
- 8.3.4. Renesas Electronics Corporation
- 8.3.5. Analog Devices Incorporated,
- 8.3.6. NXP Semiconductors N.V
- 8.3.7. Qualcomm Technologies, Inc.
- 8.3.8. Toshiba Corporation
- 8.3.9. Intel Corporation
- 8.3.10. Broadcom Incorporated (Broadcom Corporation)
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption