Digital Signal Processors Market To Hit Usd 121.79 Billion With Highest Cagr Of 6.5% By 2031 As Revealed In New Report

The Digital Signal Processors (DSP) market is projected to reach USD 121.79 billion by 2031, with a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. This growth is driven by the increasing demand for advanced consumer electronics, the expansion of 5G networks, and the automotive industry’s shift towards autonomous driving and advanced driver-assistance systems. Other factors contributing to market growth include the integration of DSPs in various applications, such as healthcare and industrial automation, and advancements in AI and ML.