DSP Market Set to Focus on R&D of Digital Signal Processors to Reduce Power Consumption
Digital signal processing is the use of digital processing to perform a wide variety of signal processing operations. It has being preferred to build high-performance communication systems due to the cost benefits offered by it. Based on the product type, DSP is segmented as general purpose DSPIC, specific purpose DSPIC and programmable DSPIC. IC designs are of two types namely standard and embedded. DSP is used across various applications such as consumer electronics, automotive, health-care and others.
Increasing usage of digital signal processor in different variety of applications is the primary growth factor of the Digital Signal Processors Market. The increasing usage leads to the increase in demand for DSP and results in creating new growth opportunities in emerging nations. Technological developments and advancements in wireless infrastructure are also driving the market. In addition, the growth in data traffic and use of technologies such as Internet protocol (IP) cameras for video surveillance are expected to drive product demand on a global level.
Asia-Pacific is dominating the Digital Signal Processors Market and is also projected to witness fast growth, as it is the largest consumer and manufacturer of DSP systems, during the forecast period. North America is registering significant growth and is leading in the second position followed by Europe and Rest of the World. The application of DSP is not only limited to consumer electronics since they are extensively used in automotive sector.
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