Global Audio Codec Market : Key Facts, Dynamics, Segments and Forecast Predictions Presented

SDKI Inc. published a new report on the Global Audio Codec Market-Forecast 2022-2030. This study includes the statistical and analytical approaches needed to grow the audio codec market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-111613

The audio codec market is estimated to reach US $ 9.06 billion by 2030, from a market value of US $ 6.23 billion in 2022, and is expected to grow at a CAGR of 5.5% during the 2022-2030 forecast period.

Audio codecs are electronic devices or computer-based software applications used to encode and decode audio. is. Software is a computer-based program that compresses and decompresses digital audio data. The hardware includes both a digital-to-analog converter and an analog-to-digital converter with the same clock signal. The purpose of audio codec devices is to provide reliable audio signals with the minimum number of bits.

Increasing demand for technologies such as smart gadgets and the Internet of Things (IOT) is a key driver of the growth of the audio codec market. Recently, technology has evolved rapidly and the Internet has permeated all areas of the industry. This has had a positive impact on the growth of the audio codec market during the forecast period. According to a 2017 survey, 82% of people in the United States listen to audio music once a week, according to Statista. However, the reduced use of optical media products and the short-term impact of Covid-19 on the consumer electronics industry could curb the growth of the audio codec market.

Continuous technological advances such as the Internet of Things (IoT), artificial intelligence (AI), 5G (5th generation cellular technology), robotics, virtual reality and augmented reality, and cloud computing are key to market growth. I am a contributor. The significant impact of these innovative technologies on almost every part of business and services around the world also contributes to market growth. According to an analysis by the United Nations Conference on Trade and Development (UNCTAD), the 5G market will account for US $ 608 million in 2018 and is estimated to account for an additional US $ 277 billion. China (9.5 million) has the highest number of 5G jobs, followed by the United States (3.4 million) and Japan (2.1 million). Another analysis by UNCTAD shows that Japan's ICT goods exports (% of total goods exports) accounted for 8% in 2019. Similarly, in the same year, the United States accounted for 8.7%, followed by Germany at 4.9%, the United Kingdom at 4%, and France at 3.8%. This growth is estimated to boost market growth during the forecast period.

Report sample URL
https://www.sdki.jp/sample-request-111613

Audio Codec Market Segment

The audio codec market is by component type (hardware and software), application type (desktops and laptops, mobile phones and tablets, music and media devices and home theaters, televisions and game consoles, headphones, headsets, etc. Wearable devices, automotive infotainment), and subdivided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional overview of the audio codec market

The audio codec market is further subdivided based on region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, UK, and other Europe), Asia Pacific (China, Japan, India, Australia, Singapore, and others). Asia Pacific) and other regions.

APAC has the largest market share in the audio codec market. This is because the region is the manufacturing hub of the customer's electronics industry. In addition, advanced supply chains and logistic infrastructure are contributing to the growth of the audio codec market in the region. However, North America and Europe are major regions that contribute to the market share of the audio codec market. The high presence of mobile companies and the growing number of smart users are the main drivers of the growth of the audio codec market.

Key Players

Audio Codec Market Key players in the audio codec market include Analog Devices (US), Cirrus Logic (US), Maxim Integrated (US), Qualcomm (US), Realtek Semiconductor (Taiwan), and STMicroelectronics (US). Switzerland), Texas Instruments (USA), DSP Group (USA), Dolby Laboratories (USA), Technicolor (France) and more. This survey includes a detailed competitive analysis of these major companies in the audio codec market, corporate profiles, recent developments, and key market strategies.

Details of the Survey Report
https://www.sdki.jp/press-details/global-audio-codec-market/182

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This release was published on openPR.