The Asia Pacific Audio DSP Market would witness market growth of 9.7% CAGR during the forecast period (2020-2026). Advanced desktop computers consist of audio hardware. This audio hardware enables audio to be recorded for storing as digital data & afterwards used for playbacks.
This digital information could be edited to transform the audio sounds when played back. There are various digital audio effects which became common due to the flexibility & fidelity of digital editing. The audio DSP solutions for home theater products allow OEMs to provide more features & the most realistic sound in the products that includes high-end systems high-fidelity, and feature rich low-end systems.
The rising demand for technologically improved digital signal processing has helped in using DSPs at various places or devices, which further supports market growth in the audio DSP market. The market for audio DSP is estimated to acquire great opportunities due to the high-performance communication systems that are cost-efficient. The implementation of DSP chips in the consumer electronics market segment has bolstered the adoption of audio DSP on a huge scale.
The switch of people from old devices to advance or smart devices, like tablets and laptops, has surged the requirement of optimal consumption of power that has shifted the focus to audio DSPs. Due to the stimulating real-time obstacles, there has been a drift noticed in the last few years, on performance, which has been the most important parameter for comparing audio DSP quality. With the faster implementation of audio DSP in military to cost effective applications of audio DSP in smart gadgets such as cell phones, laptops, and CD players with less consumption of power has become a vital aspect while choosing a DSP. The emerging audio DSP market is recently revolving around the flexibility of systems to support functionality changes of these systems, at certain point of the design life cycle. Hence, the DSP market is estimated to witness new growth avenues due to the advent of modern or advanced technologies & developments.
The Phones market dominated the Malaysia Audio DSP Market by End Use 2019, thereby, achieving a market value of $134.5 million by 2026. The IoT market is exhibiting a CAGR of 15.7% during (2020 - 2026). Additionally, The Home Entertainment market is poised to grow at a CAGR of 14% during (2020 - 2026).
Based on Type, the market is segmented into Integrated and Discrete. Based on End User, the market is segmented into Phones, IoT, Home Entertainment, Computer, True Wireless Earphones, Smart Homes, Wearables and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Audio DSP Market in Asia Pacific is expected to register a CAGR of 9.7% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Broadcom, Inc., Intel Corporation, NXP Semiconductors N.V., Qualcomm, Inc., Renesas Electronics Corporation, Texas Instruments, Inc., Toshiba Corporation, Advanced Micro Devices, Inc. (Xilinx, Inc.), and CEVA, Inc.
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