Audio IC Market Worth US$ 51.5 billion by 2030

2023-10-05 12:04:06 • Vues

According to the Market Statsville Group (MSG), the global audio IC market size was valued at USD 29.8 billion in 2021 and is projected to reach USD 51.5 billion by 2030, registering a CAGR of 7.1% during the forecast period

the audio integrated circuit (IC) market refers to the segment of the semiconductor industry that produces integrated circuits specifically designed for processing and amplifying audio signals. Audio ICs are used in a wide range of electronic devices, including smartphones, tablets, laptops, televisions, automotive entertainment systems, home audio systems, headphones, and more. Here are some key points about the audio IC market:

Product Variety: The audio IC market includes a diverse range of products, such as audio amplifiers, digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio processors, audio codecs, and other specialized audio processing chips.

Consumer Electronics: Consumer electronics, including smartphones, smart speakers, earphones, and TVs, are major contributors to the demand for audio ICs. The proliferation of audio-enabled devices has driven the growth of the market.

Automotive Sector: The automotive industry is a significant consumer of audio ICs, with applications in car infotainment systems, in-car communication, and sound enhancement technologies.

Wireless and Bluetooth Technology: The integration of wireless and Bluetooth technologies into audio devices has created opportunities for audio IC manufacturers to produce chips that enable wireless connectivity and high-quality audio streaming.

Voice Assistants and AI: The integration of voice assistants and artificial intelligence in various electronic devices has led to the development of audio ICs that support voice recognition, noise cancellation, and other audio processing functions.

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Audio IC Market Dynamics

the audio integrated circuit (IC) market was influenced by various dynamics that shaped its growth and evolution. While I don't have real-time information beyond that date, I can provide you with an overview of some key dynamics that were likely impacting the audio IC market at that time:

Rise in Consumer Electronics: The proliferation of consumer electronics, such as smartphones, smart speakers, wearables, and earphones, drove significant demand for audio ICs. These devices often required high-quality audio processing and amplification for improved user experiences.

Wireless Connectivity: The integration of wireless technologies like Bluetooth and Wi-Fi into audio devices led to the development of audio ICs with capabilities for wireless audio transmission, low-latency streaming, and multi-device connectivity.

Voice-Activated Devices: The popularity of voice-activated devices and virtual assistants (e.g., Siri, Google Assistant, Alexa) created a demand for audio ICs that could handle voice recognition, noise cancellation, far-field voice pickup, and other audio processing tasks.

Sound Quality Enhancement: Consumers' increasing demand for superior sound quality in various applications, from headphones to automotive entertainment systems, drove the need for advanced audio processing algorithms and high-resolution audio support.

Automotive Audio: The automotive sector's emphasis on in-car entertainment and communication systems led to a growing demand for audio ICs tailored for automotive applications, including noise reduction and spatial audio processing.

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Market Segmentation Analysis

The study categorizes the global Audio IC market based on equipment type, technology, type, installation method, distribution channel, application, and regions.

By IC Type Outlook (Sales, USD Million, 2017-2030)

Audio Amplifier

Audio DSP

Audio Codecs

Microphone IC

By Application Outlook (Sales, USD Million, 2017-2030)

Computer & Tablets

Phones

Headphones

Home Entertainment Systems

Automotive

Smart Home & IoT devices

Wearables

Others

By Region Outlook (Sales, Production, USD Million, 2019-2033)

North America (Mexico, Canada, US)

South America (Peru, Brazil, Colombia, Argentina, Rest of Latin America)

Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)

Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)

The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

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REGIONAL ANALYSIS, 2023

Based on the region, the global Audio IC market has been analyzed and segmented into five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America has been a prominent market for Audio ICs due to high consumer spending on electronics and a strong demand for home entertainment systems. The United States, in particular, has a large market for Audio ICs, driven by the popularity of streaming services and the desire for immersive audio experiences.

The Asia Pacific region, including countries like China, Japan, and South Korea, has witnessed substantial growth in the Audio IC market. Factors contributing to this growth include the rising disposable income, increasing urbanization, and the growing popularity of home theater systems among consumers in the region.

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Major Key Players in the Audio IC Market

The global Audio IC market is fragmented into a few major players and other local, small, and mid-sized manufacturers/providers, they are –

Analog Devices Inc.

Cirrus Logic

Texas Instruments

ON Semiconductors