Audio CODEC Market Size to Reach USD 14.12 Billion by 2027 at CAGR 4.1% | Valuates Reports
BANGALORE, India, March 19, 2021 /PRNewswire/ -- The Audio CODEC Market is Segmented by Function (With DSP and Without DSP), by End Use (Computer, Phone, Tablet, Over-Ear Headphone, TWS, Home Entertainment, Commercial, Automotive, Portable, Smart Home, IoT, Wearable, and AR/VR)). The report covers global opportunity analysis and industry forecast from 2021 to 2027. It is published on Valuates Reports in the Electronic Components Category.
The global audio CODEC market size was valued at USD 11.44 Billion in 2019, and is projected to reach USD 14.12 Billion by 2027, registering a CAGR of 4.1% from 2020 to 2027.
Audio CODEC finds a wide range of applications in entertainment, gaming, consumer electronics, and automotive. Major factors driving the growth of the Audio CODEC market size are the rise in demand for energy-efficient audio systems and the increase in adoption of smartphones.
Global Audio CODEC Market Report
TRENDS INFLUENCING THE AUDIO CODEC MARKET
- High demand for smartphones, tablets, etc., is expected to drive the Audio CODEC market size growth. In addition to the growing demand for on-board entertainment and fast paced development provides lucrative opportunities for this market.
- An increase in per capita income of the developing economies population is expected to augment the Audio CODEC market size growth. The consistent growth in the disposable income of the developing economy and emergence of IoT & AI enabled devices is expected to drive the growth of the Audio CODEC market size.
- Furthermore, the market is expected to benefit from increased demand for automotive infotainment, growth in demand for gaming consoles, and the introduction of virtual reality across various industries.
- However, the emergence of audio SoC (system on a chip) and growth in awareness regarding adverse effects of audio codec devices on health and the environment hinder the audio CODEC market growth.
Audio CODEC Market Sample Report
AUDIO CODEC MARKET SHARE ANALYSIS
- Based on function, the without DSP segment dominated the market in terms of revenue in 2019 and is expected to follow the same trend during the forecast period. On the other hand, the DSP segment will grow at the highest CAGR of 4.9% during 2020 - 2027.
- Based on end-user, The phone segment accounted for the highest market share in 2019, and the IoT segment is expected to grow at a high CAGR from 2019 to 2027.
- Based on region, the Asia-Pacific region will maintain the lead with the highest CAGR of 4.8% during 2020 - 2027. This is due to the significant rise number of product launches for audio CODECs. With the advancement of technology in electronic devices, manufacturers are supporting the production of audio CODECs to boost the overall experience of the devices.
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa.
Audio CODEC Market Regional Data
AUDIO CODEC MARKET SEGMENTS
By Function
- With DSP
- Without DSP
By End Use
- Computer
- Phones
- Tablets
- Over-ear Headphones
- TWS
- Home Entertainment
- Commercial
- Automotive
- Portable
- Smart Home
- IoT
- Wearable
- AR/VR.
Customized Audio CODEC Market Report
Leading Companies Covered:
- Analog Devices
- Cirrus Logic
- CML Microelectronics
- Dialog Semiconductor
- DSP Group
- Maxim Integrated
- Realtek Semiconductor
- ROHM CO. LTD.
- STMicroelectronics
- Texas Instruments.
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SIMILAR REPORTS
- Audio DSP Market size was valued at USD 11.06 Billion in 2019, and is projected to reach USD 23.43 Billion by 2027, registering a CAGR of 9.3% from 2020 to 2027. Discrete segment will grow at a highest CAGR of 12.6% during the forecast period.
- Stereo Audio Codecs Market is Segmented by Type Analog, Digital, by Application Desktop and Laptop, Mobile Phone and Tablet, Music & Media Device and Home Theatre, Television and Gaming Console, Wearable Device, Automotive Infotainment and by various regions.
- Smartphone Audio Codecs Market is Segmented by Type Lossless Compression, Lossy Compression, by Application IOS, Android and by various regions.
- Low Power Audio Codecs Market Report covers leading companies such as Synaptics(US), Dialog Semiconductor (UK), Asahi Kasei Microdevices (Japan), Cirrus Logic(US), Knowles(US), STMicroelectronics (Switzerland), Texas Instruments (US), Analog Devices(US), Infineon Technologies(Germany), NXP Semiconductors(Netherlands), Silicon Laboratories (US), Rohm(Japan).
- Computer Audio Interfaces Market is Segmented by Type - USB, Firewire, MIDI, Thunderbolt, by Application - Amateurs, Professional and by various regions.
- Multi-channel Audio Codecs Market - Multichannel audio codecs are available for use in home entertainment systems, DVD video and audio players, automotive audio systems, a/v receivers, and digital audio effects processors.
- Mono Audio Codecs Market - Mono audio codec is designed to provide a complete audio solution for wireless voice headsets and other mono voice audio devices.
- Portable Audio Codecs Market - The portable audio-codecs from AEQ are conceived to provide high quality bi-directional communications through Ethernet (IP), ISDN (RDSI) , point-to point V.35/X.21 interfaces, standard telephone lines PSTN (or "POTS") and other devices that are compatible with these telecommunications interface formats such as satellite phones digital radio-links or mobile phones.
- PCM Audio Codecs Market is Segmented by Type Analog, Digital, by Application Desktop and Laptop, Mobile Phone and Tablet, Music & Media Device and Home Theatre, Television and Gaming Console, Wearable Device, Automotive Infotainment and by various regions.
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