Once in huge demand in the mobile phone market, the DSP has rapidly morphed into a solution for some totally different application markets. Currently the largest opportunity for DSP products is in the automotive space where they are used in safety systems and driver assistance applications. This market is expected to continue to decline and is expected to do so until around 2017 where demand will stabilize with focus from industrial and automotive OEMs. This year, the DSP market is expected to decrease to $2.5 billion. This tracker provides forecasts for DSP by region, application market, and architecture. Market share is also provided.
The DSP market has slowed significantly since the rapid transition to application processors which are now used in mobile phones. There are other markets, however for the digital signal processor. Currently, the automotive market is posing the strongest opportunity for DSPs that are used to process real world analog signals. Databeans expects the automotive market for DSPs to advance to $683 million this year. That is over a 20 percent increase in worldwide revenue. This report provides forecasts for DSP in all five market segments and includes revenue and unit shipments by region and product type. Market share is also provided by region and by market segment.
After the first quarter, the DSP market is expected to grow by 5 percent this year and have a long term growth rate of 4 percent over the five year forecast period. This market continues to contract in the communications segment, consumer segment, and the computer market. Automotive and Industrial are expected to grow worldwide revenue share. This tracker provides forecasts for worldwide revenue and units by region, application market, and by product type and architecture. Market share is also provided by region and by application market.
The DSP market has contracted substantially due to the replacement of application processors in the mobile phone application market, however, there are plenty of other application areas that benefit from DSP technology. Further, there is also a trend for DSP technology replacing other products including FPGAs and ASICs as suppliers continue to innovate and bring to market multicore low power devices. This tracker provides forecasts for worldwide revenue and units by region, application market, and by product type and architecture. Market share is also provided by region and by application market.