Global Automotive Digital Signal Processors (DSPs) Market

Global Automotive Digital Signal Processors (DSPs) Market Size, Share, Growth Analysis, By Type(Linear voltage regulator and switching voltage regulator), By Phase(Single-phase and Three-phase), By End-Use(Residential, Industrial) - Industry Forecast 2023-2030


Report ID: SQMIG20E2033 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 86 | Figures: 76

Global Automotive Digital Signal Processors (DSPs) Market Insights

Global Automotive Digital Signal Processors (DSPs) Market size was valued at USD 12.7 billion in 2022 and is poised to grow from USD 14.29 billion in 2023 to USD 36.66 billion by 2031, growing at a CAGR of 12.50% during the forecast period (2024-2031).

The growing demand for advanced safety features, in-car entertainment, electric vehicles, connectivity, and autonomous driving has propelled the growth of the Automotive Digital Signal Processors market. DSPs have become integral to the automotive ecosystem, enabling innovative and sophisticated functionalities that enhance the overall driving experience. With the rise of electric and hybrid vehicles, DSPs are used for power management, battery monitoring, and motor control. They help optimize energy efficiency, control motor speed and torque, and ensure smooth operation of these vehicles. Moreover, ADAS technologies such as lane departure warning, adaptive cruise control, collision avoidance systems, and automated parking rely heavily on DSPs. These systems require real-time processing of various signals to make split-second decisions and enhance vehicle safety. Also, as autonomous driving technology progresses, DSPs are becoming increasingly crucial. They handle real-time data processing from multiple sensors such as cameras, LiDAR, and radar, enabling perception, object recognition, and decision-making algorithms in autonomous vehicles.

US Automotive Digital Signal Processors (DSPs) Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 12.7 billion

Largest Segment

Embedded DSPs

Fastest Growth

Embedded DSPs

Growth Rate

12.50% CAGR

Global Automotive Digital Signal Processors (DSPs) Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Automotive Digital Signal Processors (DSPs) Market Size By Product type 2022-2030 ($ Bn)
Global Automotive Digital Signal Processors (DSPs) Market Size By Product type 2022-2030 (%)

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Global Automotive Digital Signal Processors (DSPs) Market Segmental Analysis

The Automotive Digital Signal Processors (DSPs) Market is segmented on the basis of Product Type, Application, and region. On the basis of Product type, the market is segmented into Embedded DSPs and External DSPs. On the basis of Application, market is segmented into Infotainment, Safety, Powertrain, and Others. On the basis of Core type, market is segmented into Single core, multiple core. By region, the market is segmented into North America, Europe, Asia Pacific, Central & South America, the Middle East & Africa.

Automotive Digital Signal Processors (DSPs) Market Analysis by Product Type

Embedded DSPs dominated the global market. Embedded DSPs are those that are incorporated into the hardware and software of the vehicle. They have a number of benefits, including high performance, low power consumption, and less complicated systems. Automotive applications such as entertainment, safety, and powertrain frequently use embedded DSPs. The infotainment and safety divisions are anticipated to rule the embedded DSPs market. This is brought on by the rising desire for cutting-edge entertainment and networking options in automobiles and the increased emphasis on enhancing safety and lowering traffic accidents.

External DSPs are the fastest growing segment of the Automotive Digital Signal Processors (DSPs) Market. External DSPs are separate components that are connected to the systems of the car. Factors including adaptability, scalability, and simplicity of integration are driving segment growth. Automotive applications such as infotainment, safety, and powertrain frequently employ external DSPs. Infotainment is predicted to be the dominant sector within the external DSPs category. This is a result of the rising desire for cutting-edge entertainment and communication capabilities in automobiles, which are simple to integrate utilizing external DSPs. However, due to the growing emphasis on improving safety and lowering emissions, the powertrain and safety segments are also anticipated to experience significant growth in the upcoming years.

Automotive Digital Signal Processors (DSPs) Market Analysis by Core Type

Single core DSPs dominate the Automotive Digital Signal Processors (DSPs) Market. They are widely used in automotive applications where real-time signal processing is required. Single core DSPs excel in processing real-time signals from various sources such as sensors, actuators, and communication modules. They can efficiently handle tasks like audio and video processing, sensor data fusion, and control algorithms for advanced driver assistance systems (ADAS). Single core DSPs are generally more cost-effective compared to multicore DSPs. They provide sufficient processing power for many automotive applications without the need for additional cores, making them a suitable choice for cost-sensitive market segments.

Multicore DSPs are the fastest-growing segment of the market. Processors with two or more processing cores are referred to as Multicore DSPs. They provide better performance and are appropriate for processing-intensive applications like image and signal processing. Several automotive applications, including infotainment, safety, and powertrain, make extensive use of multi-core DSPs.

Global Automotive Digital Signal Processors (DSPs) Market Size By Product type 2022 (%), 2022 (%)

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Global Automotive Digital Signal Processors (DSPs) Market Regional Insights

North America dominated the global market. The region has witnessed early adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies, which heavily rely on DSPs for real-time signal processing. The presence of major automotive manufacturers, technological advancements, and a strong focus on vehicle safety and connectivity drive the demand for DSPs in this region. Adoption of ADAS features like blind spot detection, lane departure warning, and adaptive cruise control—which call for high-performance DSPs—is significantly increasing in the region.

The Asia Pacific region is the fastest-growing region in the Automotive Digital Signal Processors (DSPs) Market. Due to the increased demand for connected and autonomous vehicles, the expansion of the automotive sector, and the rising use of advanced driver assistance systems, the market is anticipated to experience considerable growth in the Asia Pacific region.

Global Automotive Digital Signal Processors (DSPs) Market Size By Geography, 2022-2030, 2024-2031
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Global Automotive Digital Signal Processors (DSPs) Market Dynamics

Automotive Digital Signal Processors (DSPs) Market Drivers

Demand for safety and comfort features is rising

  • Vehicle comfort and safety features are in high demand, and automakers are working to incorporate cutting-edge technologies like ADAS, lane departure warning systems, and blind spot recognition systems. DSPs are essential in making these features possible since they process the digital signals coming from various sensors and cameras.

Increasing use of electric vehicles

  • The demand for cutting-edge power electronics and motor control systems that can improve the efficiency of the electric powertrain is rising as electric vehicles become more widely used. DSPs control and monitor the motor and battery systems in these systems.

Automotive Digital Signal Processors (DSPs) Market Restraints

High costs for development to create powerful DSPs

  • For small and medium-sized manufacturers, the need to invest much in research and development to create powerful DSPs might be a major hurdle. This could restrict the market's access to cutting-edge DSPs.

Absence of industry standards

  • It may be challenging for manufacturers to create DSPs compatible with various systems and components because of the lack of industry standards. This might prevent the integration of cutting-edge technology in cars.

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Global Automotive Digital Signal Processors (DSPs) Market Competitive Landscape

A number of significant companies, including Texas Instruments Inc., Intel Corporation, Analogue Devices Inc., Infineon Technologies AG, NXP Semiconductors NV, and others, compete in the moderately competitive global DSP market. Few major players currently control the majority of the market in terms of market share. But many businesses are expanding their market reach by securing fresh contracts and entering fresh markets with new products and technological advancements. In an effort to expand its mixed-signal business, Cirrus Logic disclosed its intention to buy Lion Semiconductor. The 335 million dollar acquisition is anticipated to provide Cirrus Logic access to a product portfolio, intellectual property for consumer and mobile applications, and the chance to reach new markets.

Automotive Digital Signal Processors (DSPs) Market Top Player’s Company Profiles

  • Infineon Technologies AG
  • Analog Devices, Inc.
  • STMicroelectronics
  • Microchip Technology Inc.
  • Xilinx, Inc.
  • MediaTek Inc.
  • NVIDIA Corporation
  • ON Semiconductor
  • Qualcomm Technologies, Inc.
  • Toshiba Electronic Devices & Storage Corporation
  • Cirrus Logic, Inc.
  • Silicon Laboratories Inc.
  • Marvell Technology Group Ltd.
  • ROHM Semiconductor
  • DSP Group, Inc.
  • Dialog Semiconductor
  • Maxim Integrated

Automotive Digital Signal Processors (DSPs) Market Recent Developments

  • In October 2022, The Intelligent Sensor Processing Unit (ISPU), introduced by STMicroelectronics, combines a DSP capable of running AI algorithms and a MEMS sensor on the same silicon. By combining sensors with AI, it is possible to reduce system-in-package device size and power consumption by up to 80% and introduce electronic decision-making in the application Edge.

Global Automotive Digital Signal Processors (DSPs) Key Market Trends

  • The rising need for improved safety attributes and self-driving capabilities. Modern vehicles are increasingly using ADAS systems, which use DSPs to analyze sensor data and make choices in real time. These characteristics are anticipated to become commonplace on the majority of new automobiles as technology advances and costs decrease.
  • The expanding application of machine learning (ML) and artificial intelligence (AI) methods. Large volumes of sensor data are processed using DSPs, which can also be programmed to spot patterns and draw conclusions from the data. Due to this, sophisticated driver aid systems that can recognise and react to a variety of driving circumstances have been developed.
  • Another developing trend involves the usage of DSPs in automobile entertainment systems. DSPs offer excellent sound and picture processing capabilities by processing audio and video signals. Consumers' preference for in-car entertainment systems is projected to increase demand for high-quality audio and video processing capabilities.

Global Automotive Digital Signal Processors (DSPs) Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global automotive DSP market analysis, the market is being driven by a range of trends including the increasing demand for safety features and autonomous driving capabilities, the use of AI and ML algorithms, the growing importance of infotainment systems, and the shift towards electric and hybrid vehicles.

Report Metric Details
Market size value in 2022 USD 12.7 billion
Market size value in 2031 USD 36.66 billion
Growth Rate 12.50%
Base year 2022
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Linear voltage regulator and switching voltage regulator
  • Phase
    • Single-phase and Three-phase
  • End-Use
    • Residential, Industrial, and Commercial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Infineon Technologies AG
  • Analog Devices, Inc.
  • STMicroelectronics
  • Microchip Technology Inc.
  • Xilinx, Inc.
  • MediaTek Inc.
  • NVIDIA Corporation
  • ON Semiconductor
  • Qualcomm Technologies, Inc.
  • Toshiba Electronic Devices & Storage Corporation
  • Cirrus Logic, Inc.
  • Silicon Laboratories Inc.
  • Marvell Technology Group Ltd.
  • ROHM Semiconductor
  • DSP Group, Inc.
  • Dialog Semiconductor
  • Maxim Integrated
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Automotive Digital Signal Processors (DSPs) Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Automotive Digital Signal Processors (DSPs) Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Automotive Digital Signal Processors (DSPs) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Digital Signal Processors (DSPs) Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Digital Signal Processors (DSPs) Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Automotive Digital Signal Processors (DSPs) Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Automotive Digital Signal Processors (DSPs) Market size was valued at USD 12.7 billion in 2022 and is poised to grow from USD 14.29 billion in 2023 to USD 36.66 billion by 2031, growing at a CAGR of 12.50% during the forecast period (2024-2031).

A number of significant companies, including Texas Instruments Inc., Intel Corporation, Analogue Devices Inc., Infineon Technologies AG, NXP Semiconductors NV, and others, compete in the moderately competitive global DSP market. Few major players currently control the majority of the market in terms of market share. But many businesses are expanding their market reach by securing fresh contracts and entering fresh markets with new products and technological advancements. In an effort to expand its mixed-signal business, Cirrus Logic disclosed its intention to buy Lion Semiconductor. The 335 million dollar acquisition is anticipated to provide Cirrus Logic access to a product portfolio, intellectual property for consumer and mobile applications, and the chance to reach new markets. 'Texas Instruments', 'NXP Semiconductors', 'Renesas Electronics Corporation', 'Infineon Technologies AG', 'Analog Devices, Inc.', 'STMicroelectronics', 'Microchip Technology Inc.', 'Xilinx, Inc.', 'MediaTek Inc.', 'NVIDIA Corporation', 'ON Semiconductor', 'Qualcomm Technologies, Inc.', 'Toshiba Electronic Devices & Storage Corporation', 'Cirrus Logic, Inc.', 'Silicon Laboratories Inc.', 'Marvell Technology Group Ltd.', 'ROHM Semiconductor', 'DSP Group, Inc.', 'Dialog Semiconductor', 'Maxim Integrated'

Vehicle comfort and safety features are in high demand, and automakers are working to incorporate cutting-edge technologies like ADAS, lane departure warning systems, and blind spot recognition systems. DSPs are essential in making these features possible since they process the digital signals coming from various sensors and cameras.

The rising need for improved safety attributes and self-driving capabilities. Modern vehicles are increasingly using ADAS systems, which use DSPs to analyze sensor data and make choices in real time. These characteristics are anticipated to become commonplace on the majority of new automobiles as technology advances and costs decrease.

North America dominated the global market. The region has witnessed early adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies, which heavily rely on DSPs for real-time signal processing. The presence of major automotive manufacturers, technological advancements, and a strong focus on vehicle safety and connectivity drive the demand for DSPs in this region. Adoption of ADAS features like blind spot detection, lane departure warning, and adaptive cruise control—which call for high-performance DSPs—is significantly increasing in the region.

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