Altium DSP

DSP market growth forecast to 2030

  • DSPs (Digital Signal Processors) are microprocessors dedicated to real-time digital signal processing to perform operations such as signal filtering, compression, modulation and encryption.
    According to a study by SNS Insider, the worldwide market for digital signal processors (DSPs) is estimated at $14.4 billion in 2022.
  • This market is expected to grow at a compound annual growth rate (CAGR) of 12.1% between 2023 and 2030, reaching $36.06 billion by 2030.

Growing demand for digital signal processors in a variety of sectors, including telecommunications, automotive and consumer electronics, is one of the main drivers of this growth. Digital signal processors, by enabling improved signal quality and faster data processing, are essential for applications such as 5G telecommunications, artificial intelligence, autonomous vehicles, industrial automation, medical devices and the Internet of Things (IoT).

DSP market study from 2023 to 2030.

The proliferation of smartphones, tablets and other portable electronic devices is also increasing the need for signal processing systems to handle tasks such as audio and image processing, data compression and wireless communication.

The growing complexity of signal processing algorithms and the quest for energy efficiency gains have also spurred technological advances in digital signal processor (DSP) architectures.

However, despite promising growth prospects, the DSP market faces certain constraints, such as the high cost of DSPs and the complexity of integrating them into existing electronic systems.