The Latin America, Middle East and Africa Audio DSP Market would witness market growth of 10.1% CAGR during the forecast period (2020-2026). DSP is a specialized microprocessor chip that is made on MOS integrated circuit chips. It is majorly utilized in telecommunications, audio signal processing, radar, digital image processing, sonar & speech recognition systems, and consumer electronic gadgets like disk drives, mobile phones, and high-definition television (HDTV) products.
Increasing implementation of DSP chips in consumer electronics & rising adoption of wireless connectivity & infrastructure is expected to fuel the growth of the market around the globe. Although, the utilization of audio DSP in gadgets costs extra value & adds to the cost of the product that is anticipated to restrict the growth of the audio DSP market. Moreover, the increasing usage of an audio digital signal processor in the automobile industry, growing demand for audio DSP in printers, & rising installations of IP cameras in video surveillance are anticipated to open growth prospects for the audio DSP market growth around the globe.
The audio DSP market is very competitive because of the presence of high number of market vendors. Audio DSP technology vendors with access to widespread technical & financial resources are expected to gain a competition advantage over their rivals, because of the capacity to fulfil the market needs. The highly competitive nature of this market is anticipated to further grow with rising technological advancements, product extensions, & various strategies adopted by main vendors.
The Brazil market dominated the LAMEA Wearables Audio DSP Market by Country 2019, thereby, achieving a market value of $50.8 million by 2026. The Argentina market would witness a CAGR of 12.7% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 11.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Audio DSP Market in LAMEA is expected to register a CAGR of 10.1% 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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