DSP Chip Market to Grow 20% in Spite of Industry Slide; New report details numerous new markets for DSP that will support long-term growth
The new report, "DSP Strategies 2002," forecasts a healthier 32% growth for programmable DSP chips in 1999, due not only on a healthier Asian economy, but through numerous new DSP markets which are beginning to emerge, including digital cameras, satellite phones, smart antennas, voice over IP, AC motor control and even digital TV. The DSP market is forecast to grow at a 33% compound rate to the $13.4 billion level in 2002.
The report covers not only the programmable DSP chip market, but also details function-specific DSPs which are not programmable, like modem chips, PCI audio chips, MPEG decoders, ADSL, HDSL and cable modems, set top boxes, global positioning system chips, digital hearing aids, AC'97 controllers, and much more. According to Will Strauss, president of Forward Concepts and principal author of the report, "The function-specific DSP market is actually the bigger market, estimated to grow 30% in 1998 to the $6-billion level. However, the market is more diffuse, with more than 80 IC houses supplying one or more chips to this segment. By 2002, we expect that embedded MPEG-based digital TVs, set-top boxes, DVD players, etc. will be the dominant function-specific markets, even though a dozen more will also be significant."
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