DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Digital Signal Processor Market 2012-2016" report to their offering.
One of the key factors contributing to this market decline is the declining revenue following global economic slowdown. The Global Digital Signal Processor market has also been witnessing the increasing use of field programmable gate array (FPGA)-based digital signal processor in imaging equipment. However, the increasing adoption of digital signal processors in the consumer electronic equipment such as digital cameras, set-top-boxes, and printers could drive the growth of this market.
Key vendors dominating this space include Analog Devices Inc., Freescale Semiconductor Ltd., LSI Corp., and Texas Instruments Inc.
Other vendors mentioned in the report are Altera Corp., Broadcom Corp., Ceva Inc., Infineon Technologies AG., Marvell Technology Group Ltd., Mips Technologies Inc., NXP Semiconductors N.V., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., ST Microelectronics N.V., Toshiba Corp., and Xilinx Inc..
Commenting on the report, an analyst from TechNavio's Networking team said: ''The use of digital signal processors in the Automobile industry is increasing rapidly over time. Many automobile equipment providers are using digital signal processors to manufacture vehicle parts such as digital radios, voltage regulators, and active suspensions. Moreover, several location-based service providers use advanced digital signal processors to manufacture vehicle surveillance equipment. Thus, the increasing use of digital signal processors in the Automobile industry is expected to fuel the growth of the Global Digital Signal Processor market.''
According to the report, one of the main drivers in this market is the increasing adoption of digital signal processors in consumer electronics equipment such as digital cameras, set-top boxes, and printers.
Moreover, the Global Consumer Electronics market is expected to witness significant growth during the forecast period.
Further, the report states that one of the major challenges confronting this market is the declining revenue of its vendors post the global economic slowdown. Many leading vendors in this market witnessed a decline in their revenue during the global economic slowdown of 2008-2010. Although the global economy is now recovering, many vendors in the market are still struggling to sustain steady growth.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Texas Instruments Inc., Analog Devices Inc., Freescale Semiconductor Inc., and LSI Corp.
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