Americas Digital Signal Processor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Americas Digital Signal Processor Market Analysis
The Americas digital signal processor market was valued at USD 2.23 billion during the current year and is anticipated to reach USD 3.76 billion by the end of the forecast period, registering a CAGR of 9.1% during the forecast period. The COVID-19 pandemic disrupted supply chains and influenced end-user industries' purchasing decisions and spending behavior. Furthermore, the pandemic also halted production and other operations in the manufacturing and automotive sector. Texas Instruments Incorporated, Intel Corporation, STMicroelectronics, Toshiba Corporation, and other major suppliers of digital signal processors faced many challenges in their supply chain management amidst the lockdowns. Due to the closure of manufacturing sites, there was a reduced supply of digital signal processors in the market. Moreover, many countries temporarily stopped the export and import of products, which further led to a fall in the production and supply of raw materials.
Governments across various countries in the region are launching initiatives to develop the manufacturing industry and recover the growth of electronics, semiconductors, and manufacturing sectors nationwide. The Federal Government also developed a program, 'CHIPS for America,' which promoted domestic manufacturing. The US government is now coming up with incentives to bring the US manufacturing of semiconductors back essentially, called 'reshoring.'
The digital signal processor market is anticipated to grow significantly due to the excessive usage of digital signal processor chips in consumer electronics. Several consumer electronics, such as mobile phones, have become an essential requirement worldwide and have observed a considerable user surge.
The market holds enormous growth potential for premium products like smartphones and cameras, and drones for surveillance applications. Furthermore, the surge in the usage of VPUs in security and surveillance cameras, unmanned aerial vehicles (UAVs), and automobiles, among other application areas, is driving the market's growth.
Moreover, the growing demand for high computational capability, rising demand for computer vision applications, increasing adoption of artificial intelligence and machine learning technologies, and growing need for ASICs are the principal factors that drive market growth.
In September 2022, Credo introduced its new Dove 800 Digital Signal Processor family of products. It includes 800Gbps and 400Gbps optical digital signal processors with integrated drivers. The latest products would enable users to satisfy ever-stricter power and bandwidth constraints and are targeted at the rapidly expanding hyperscale data center and AI applications.
Further, in March 2023, ETL Systems launched Genus Digital at Satellite 2023 to enable government and defense organizations, satellite operators, broadcasters, and telcos to fully or partially digitize the analog signal in their satellite ground segments. The company, synonymous with innovation, has invested significantly to develop Genus Digital, its digital IF product.
Americas Digital Signal Processor Market Trends
Automotive is Expected to Hold Significant Market Share
Digital signal processors find widespread usage in the automotive sector for manufacturing vehicle surveillance equipment and vehicle parts. Location-based service vendors use these processors for remote diagnostic, alignment, and intelligent transportation systems to fine-tune engine performance, track vehicles, and control traffic flow.
Digital signal processors are often used in in-cabin infotainment and control systems, which have demanding signal-processing performance needs. These processors involve specialized features such as high memory bandwidth, fast multiply-accumulate hardware, and instructions that combine multiple operations. Further, an increase in the requirement for safety boosts the usage of digital signal processor-controlled braking, collision avoidance systems, and airbags in vehicles. Thus, contributing to the growth of the market.
The growing need for better safety and advanced driver assistance systems (ADAS) in cars has accelerated the demand for digital signal processors. Intelligent functions, like backup cameras, adaptive cruise control, blind-spot detection, lane change assist, airbag deployment, and emergency braking systems, are made possible by integrating digital signal processor technologies.
In March 2022, Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, announced the expansion of its collaboration with Honda in the field of ADAS. Previously, Honda adopted Renesas' R-Car automotive system on a chip (SoC) and RH850 automotive MCU for its Honda SENSING Elite system featured in the Legend. With the expansion of the partnership, Honda will use R-Car and RH850 in the Honda SENSING 360 omnidirectional safety and driver assistance system.
Today's cars are also incorporating technology which helps in improving their connectivity. Many new vehicles in the market are increasing, including more sophisticated telematics and infotainment capabilities that provide drivers with information on road closures, collision avoidance, and even free parking spaces at their destination. Digital signal processors can allow cars to stay connected in real-time.
North America is Expected to Hold Significant Market Share
According to the National Automobile Dealers Association, it is predicted that the U.S. sales of new light vehicles will rise to 15.4 million units by 2022, with an increase of 3.4% from the previous year. This creates new demands for varied automotive electronic components, significantly impacting the long-term growth of digital signal processors in the digital market.
Many regulations have been implemented in recent years to promote the use of electric vehicles in the country. For instance, New York state lawmakers passed a bill that essentially mandates that all new passenger cars sold run on electric power by 2035. Moreover, the United States has set a target to ensure half of the vehicles sold in the country are electric by 2030.
Also, AI, quantum computing, and advanced wireless networks such as 5G are opening up new frontiers of signal processor demand in the US. For instance, as per GSMA, 5G will become the lead network technology in the US by 2025. The increasing implementation of 5G networks coincides with the growing demand for faster, high-performance computing devices, for which signal processors form a critical element.
In March 2023, Mercury Systems MRCY recently unveiled the DRF3182 Direct Radio frequency (RF) Processing Module, the industry's first signal processing board purpose-built for aerospace & defense applications.
Further, in June 2022, Keysight Technologies, Inc., a technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, introduced the new PathWave Advanced Design System (ADS) 2023, an integrated design and simulation software that rapidly addresses increasing design complexity and higher frequencies in the radio frequency (RF) and microwave industry.
Americas Digital Signal Processor Industry Overview
The Americas Digital Signal Processor Market is moderately fragmented and is expected to grow in competition during the forecast period owing to the entry of several MNCs. The vendors are focusing on developing customized solution portfolios to fulfill local requirements. Some major players operating in the market include Texas Instruments Inc., Intel Corporation, Analog Devices Inc., Infineon Technologies AG, NXP Semiconductors NV, Renesas Electronics Corp., Xilinx Inc., Broadcom Inc., etc.
October 2022 - Lawo introduced the HOME-native Edge Hyper-Density SDI/IP Conversion and Routing Platform. Each rear I/O blade provides 48 HD-BNC connectors for SD/HD/3G/UHD SDI interfacing, resulting in 192 SDI/IP conversions per 2RU. .edge is designed as an easy drop-in SDI router replacement and a hyper-density conversion unit for IP and hybrid infrastructures. Moreover, .edge provides full support for the SMPTE ST2110 suite of standards and ST2022-7 redundancy, providing advanced essence-based handling and ensuring seamless protection switching of audio, video, and ancillary data streams in local and wide-area network operations.
February 2022 - STMicroelectronics launched Intelligent Sensor Processing Unit (ISPU), which combines a DSP suitable for running AI algorithms and MEMS sensors on the same silicon. Besides reducing the size of system-in-package devices and power consumption by up to 80%, merging sensors and AI poses electronic decision-making in the application Edge.
Americas Digital Signal Processor Market Leaders
Texas Instruments Inc.
Intel Corporation
Analog Devices Inc.
Infineon Technologies AG
NXP Semiconductors NV
*Disclaimer: Major Players sorted in no particular order
Americas Digital Signal Processor Market News
- November 2022: NXP Semiconductor has launched the first family of microcontrollers following the merger of its LCP and Kinetis lines. The MCX N is the high-end family with a dual Cortex M33 architecture running at 150MHz and several accelerators for neural networks, digital signal processing, and peripheral managers for error checking and memory.
- January 2022: Infineon Technologies AG introduced a new AURIX TC4x family of 28 nm microcontrollers (MCUs) for next-generation eMobility, ADAS, automotive E/E architectures, and affordable AI applications. The new AURIX TC4x family features the next-generation TriCore 1.8 and scalable performance improvements from the AURIX accelerator suite. This comprises the novel parallel processing unit (PPU), a SIMD vector digital signal processor that addresses several AI topologies' demands.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Significant Developments in Wireless Infrastructure
5.1.2 Rise in Adoption of Connected Devices
5.1.3 Growing Demand for VoIP and IP Video
5.2 Market Restraints
5.2.1 High Complexity and Initial Development Costs
5.2.2 Trade-off Between Performance, Power Consumption, and Price
6. MARKET SEGMENTATION
6.1 By Core
6.1.1 Single-core
6.1.2 Multi-core
6.2 By End-user Industry
6.2.1 Communication
6.2.2 Automotive
6.2.3 Consumer Electronics
6.2.4 Industrial
6.2.5 Aerospace & Defense
6.2.6 Healthcare
6.3 By Region
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Latin America
6.3.2.1 Brazil
6.3.2.2 Mexico
6.3.2.3 Rest of Latin America
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Texas Instruments Inc.
7.1.2 Intel Corporation
7.1.3 Analog Devices Inc.
7.1.4 Infineon Technologies AG
7.1.5 NXP Semiconductors NV
7.1.6 Renesas Electronics Corp.
7.1.7 Xilinx Inc.
7.1.8 Broadcom Inc.
7.1.9 Toshiba Corporation
7.1.10 Samsung Electronics Co. Ltd.
7.1.11 STMicroelectronics N.V.
7.1.12 Cirrus Logic Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Americas Digital Signal Processor Industry Segmentation
Digital signal processors are specialized microprocessor chips designed and developed to perform mathematical functions like additions, multiplications, subtractions, and divisions at high speed with minimum energy consumption. Digital signal processors manipulate real-world signals such as audio, voice, video, temperature, and pressure to analyze, display, or convert their information into a signal of use.
The study includes Core (Single-core and Multi-core) for various end-user industries like communication, automotive, consumer electronics, industrial, aerospace & defense, and healthcare for the American region. The competitive landscape takes into account multiple companies' market penetration, as well as their organic and inorganic growth strategies. The study also considers the market impact of the COVID-19 pandemic; for all of the above segments, market sizes and forecasts are provided in terms of value (USD billion).
| By Core | |
| Single-core | |
| Multi-core |
| By End-user Industry | |
| Communication | |
| Automotive | |
| Consumer Electronics | |
| Industrial | |
| Aerospace & Defense | |
| Healthcare |
| By Region | |||||
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Frequently Asked Questions
What is the current Americas Digital Signal Processor Market size?
The Americas Digital Signal Processor Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029)
Who are the key players in Americas Digital Signal Processor Market?
Texas Instruments Inc., Intel Corporation, Analog Devices Inc., Infineon Technologies AG and NXP Semiconductors NV are the major companies operating in the Americas Digital Signal Processor Market.
What years does this Americas Digital Signal Processor Market cover?
The report covers the Americas Digital Signal Processor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Americas Digital Signal Processor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Americas Digital Signal Processor Industry Report
Statistics for the 2024 Americas Digital Signal Processor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Americas Digital Signal Processor analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
