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Audio Codec Market Adopts Innovation to Stay Competitive Forecast 2026

08-17-2018 03:00 PM CET | Industry, Real Estate & Construction

Press release from: CMI - Semiconductors

Audio Codec Market

Audio Codec Market

Audio Codec is a device or a computer program that encodes or decodes an audio signal. A software-based Audio Codec implements an algorithm, which is designed to compress and decompress digital data streams. The purpose of this operation is minimizing the number of bits, of the given audio file, while retaining its accuracy and quality and helps in reducing the demand for storage space and bandwidth for transmission. Audio Codec ICs are used in portable media devices or consumer applications such as mobile phones, tablets, automotive, home theatre, PCs, and gaming systems.

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Increasing number of smartphones is one of the major driving factors for growth of Audio Codec market

Recent past has witnessed a substantial growth in the smartphone market and is expected to exhibit this high growth in the near future as well. According Consumers International Organization, the number of smartphone users in the world reached to 2.1 Billion in 2016 and is expected to be pegged at 2.9 Billion by 2019 end. Audio Codecs are one of the primary elements used in the manufacturing of mobiles. Audio Codecs affects listening experience of the consumers whether using headphones, earbuds or Bluetooth speakers. Thus, growth of smartphone market will also lead to increasing demand for Audio Codecs.

In addition to this, Audio Codecs is extensively used in various applications such as television systems for enhanced audio experience. Demand for televisions is increasing significantly and at a faster pace. Manufacturers are focusing on offering advanced televisions with functionality such as Wi-Fi enabled, internet connectivity, and also have cameras, which enables facial recognition technology and recording options. This is expected to aid in demand for such advanced products. Audio is one of the major components of television systems. Hence, as the demand and supply for television system changes, it will also affect the Audio Codec market. For instance, according to India Brand Equity Foundation, the television market in India is expected to grow to US$ 11.78 Billion in 2018, from US$ 9.23 Billion in 2016, which accounts for an increase of 12.97% in 2016–2018.

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Key Vendors of Audio Codec Market: Cirrus Logic, Inc., Qualcomm Inc., Realtek Semiconductor Corp., Analog Devices, Inc., Maxim Integrated Products, Inc., Stmicroelectronics N.V., Texas Instruments Inc., DSP Group, Inc., Dolby Laboratories, Inc., Technicolor SA.

Audio Codec Market: Taxonomy

By Component Type:

Hardware Based Audio Codec
Mono Codec
Stereo Codec
Multi-Channel Codec
Software Based Audio Codec
Non-Compression
Lossy Compression
Lossless Compression

By Application:

Automobile
Television Sets
Smartphones and tablets
Desktop and laptops
Headphone, Head Sets and Wearable devices
Music & Media Devices and Home Theatres
Gaming consoles
Others

By Region:

North America
Europe
Asia Pacific
Latin America
The Middle East
Africa

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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