Audio IC Market Estimated to Experience a Hike in Growth By 2027

Audio IC Market Expected to Reach $45.57 Billion By 2027

WILMINGTON, DELAWARE, UNITED STATES, May 24, 2024 /EINPresswire.com/ -- The audio IC market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to the rise in the adoption of consumer electronics devices, the rise in disposable income of consumers across developing countries in the region, and extensive technological advancements. In Asia-Pacific, China and India remain significant participants in the global market, owing to the surge in the manufacturing capacity of consumer electronics in these countries.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/A11061

Allied Market Research, titled, Audio IC Market By IC Type and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027”, the global Audio IC market size was valued at $27.72 billion in 2019, and is projected to reach $45.57 billion by 2027, registering a CAGR of 7.09%. Asia-Pacific region is expected to be the leading contributor to the global audio IC market during the forecast period, followed by North America and Europe.

Audio IC is an electronic device, which is used in audio processors, MEMS microphones, audio amplifiers, and subsystems. Various types of audio ICs include audio amplifiers, audio converters, audio DSPs, and audio processors. Audio amplifiers are used in sound systems such as home audio systems, musical instrument systems, loudspeakers, and sound reinforcement.

The purpose of an amplifier is to increase vibrations to the maximum extent of signals without affecting frequency or any wavelength and to help improve the efficiency of a system. In addition, a digital sound processor (DSP) is a specialized microprocessor chip widely used in audio signal processing, telecommunications, digital image processing, radar, sonar and speech recognition systems, and consumer electronic devices such as mobile phones, disk drives, and high-definition television (HDTV) products.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A11061

The global audio IC market is anticipated to witness significant growth during period forecast period. The increase in adoption of consumer electronics devices and the development of new energy-efficient audio devices with enhanced user experience drives the Audio IC market growth. In addition, the rise in penetration of wireless and smart infrastructure and the surge in demand for Hi-Fi audio in commercial events fuel the growth of the market. However, the increase in demand for audio SoCs and technical faults and issues associated with the integration of audio devices is a major restraint for the global audio IC industry. Furthermore, the rise in demand for onboard media entertainment systems and the development of VR technology is expected to create opportunities for the global market.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Audio IC industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐝𝐢𝐨 𝐈𝐂 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

TOSHIBA CORPORATION
ROHM CO., LTD.
ON Semiconductor
Infineon Technologies AG,
Maxim Integrated
Cirrus Logic, Inc.
STMicroelectronics N.V.
Analog Devices, Inc. (ADI)
TEXAS INSTRUMENTS INCORPORATED
NXP Semiconductor

The global audio IC market is segmented based on IC type, application, and region. By IC type, the market is segmented into audio amplifiers, audio DSP, audio codecs, and microphone IC. The application segment is divided into computers & tablets, phones, headphones, home entertainment systems, automotive, smart home & IoT devices, and wearables. Region-wise, the audio IC market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is expected to develop at the highest growth rate during the forecast period. This is attributed to the rise in the adoption of consumer electronics, the rise in disposable income of consumers across developing countries in the region, and extensive technological advancements. In Asia-Pacific, China and India remain significant participants in the global audio IC market analysis, owing to the surge in the manufacturing capacity of consumer electronics in these countries. In addition, North America holds the second largest share in the global market and is expected to witness significant growth during the forecast period, owing to the presence of a significant number of market players in the region.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

COVID-19 has severely impacted the global electronics and semiconductor sector, owing to which production facilities as well as new projects have stalled, which have significant demand in various industries. Operations of production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to a slowdown in the growth of the market in 2020.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A11061

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- The audio amplifier segment is projected to be the major IC type over the forecast period followed by audio DSP.
- Asia-Pacific and North America collectively accounted for more than 68.60% of the audio IC market share in 2019.
- Asia-Pacific is anticipated to witness the highest growth rate during the forecast period.
- China was the major shareholder in the Asia-Pacific audio IC market, accounting for approximately 41.80% share in 2019.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
+ 18007925285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Other