The Europe Audio DSP Market would witness market growth of 9% CAGR during the forecast period (2020-2026). Audio signals are mostly transmitted in analog or digital format; these audio signals when processed in digital format are called audio signal processing.
There are many consumer electronic gadgets like laptops, smartphones, & TVs that are embedded with audio hardware which further enables storing audio recording & playback. Afterward, these audios can be manipulated, edited, & processed by utilizing a digital sound processor, due to the flexibility & fidelity of the system.
The market of audio digital signal processors is in its developmental phase which is projected to witness significant growth in the coming years, due to the heavy investments in R&D activities by market companies and growing focus toward the Internet of Things (IoT). Some other aspects that propel the growth of the market are the rising demand for automobiles & electronics and the development of smart gadgets.
There are many emerging technologies like artificial intelligence (AI) & quantum computing, need compound semiconductors to attain complete commercialization. UK has a wide availability of microprocessor design, with companies like Imagination Technologies, ARM, and some new start-up companies, like Bristol-based GraphCore, developing AI processors that opened new growth avenues for the audio DSP market growth.
The Integrated market dominated the Russia Audio DSP Market by Type 2019, thereby, achieving a market value of $475.1 million by 2026. The Discrete market is showcasing a CAGR of 10.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Audio DSP Market in Europe is expected to register a CAGR of 9% 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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