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Audio Codec Market Detailed Analysis With Growth Drivers and Major Players by 2023 - Cirrus Logic, Texas Instruments, Qualcomm, Maxim Integrated, STMicroelectronics, Realtek Semiconductor Corp. and Dolby Laboratories
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The increasing adoption of set–top boxes and video on demand services and increasing demand for infotainment are increasing the opportunities for the global audio codec market. However, the restraints hampering the growth of the global codec market are continuous optimization of the component size and lack of expertise in handling the audio codec device.
An audio codec contains line inputs & micro phone, signal routing & mixing channels, amplifier block, multiple analog-to-digital converter (ADC) and digital-to-analog converter (DAC) channels. It also consists of variety of output drivers, including line outputs, and headphone and loudspeaker drivers as well as small digital processing block that consists of interpolating filters and standard integrated interchip sound (I2S) and digital audio interface.
Geographically, Asia-Pacific is the largest audio codec market. Asia-Pacific is expected to witness increasing growth as the region is a major manufacturing hub for consumer electronic industry. The market in Japan is expected to witness fastest growth during the forecast period, since it has evolved as largest producer of smart phones, laptops, TV, and various other applications along with the largest consumer of audio codec system.
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Some of the key players of the global audio codec market are Cirrus Logic Inc., Texas Instruments Inc., Qualcomm Incorporated, Maxim Integrated Products Inc., STMicroelectronics N.V., Realtek Semiconductor Corp., Dolby Laboratories Inc. and Technicolor Inc.
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