Press release
Audio Codec Market Adopts Innovation to Stay Competitive Forecast 2026
Audio Codec Market
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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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