Market Size of Americas Digital Signal Processor Industry
| 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.
