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Audio IC Market to Grow $45.57 Billion Sales in 2027 from $27.72 Billion in 2019, Claims AMR
Audio IC Market
Leading players of the global audio IC market analyzed in the research include Analog Devices Inc., NXP Semiconductors, Cirrus Logic, Maxim Integrated, STMicroelectronics, Texas Instruments, ROHM CO. LTD., Toshiba Corporation, ON Semiconductors, and Infineon.
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Rise in adoption of consumer electronics devices, development of innovative energy-efficient audio devices for enhanced user experience, and surge in implementation of wireless and smart infrastructure drive the growth of the global audio IC market. However, rise in demand for audio system on chip (SoC) and technical faults and issues regarding integration of audio devices restrain the market growth. Contrarily, demand for on-board media entertainment systems and advancement in VR technology is projected to present new opportunities in the next few years.
Key Benefits For Stakeholders
• This study comprises analytical depiction of the global audio IC market size along with the current trends and future estimations to depict the imminent investment pockets.
• The overall audio IC market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current audio IC market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
• Porter's five forces analysis illustrates the potency of the buyers and the audio IC market share of key vendors.
• The report includes the market trends and the market share of key vendors.
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The report offers detailed segmentation of the global audio IC market based on IC type, application, and region.
Based on application, the mobile phones segment accounted for the highest market share in 2019, contributing to nearly half of the global audio IC market, and is projected to maintain its lead position during the forecast period. However, the smart home & IoT devices segment is expected to witness the largest CAGR of 9.2% from 2020 to 2027.
Based on IC type, the audio DSP segment contributed to the highest share in 2019, holding more than two-fifths of the total share, and is projected to maintain its leadership status during the forecast period. However, the audio codecs segment is expected to grow at the highest CAGR of 8.8% from 2020 to 2027.
Based on region, Asia-Pacific contributed to the highest share in 2019, holding more than one-third of the total market share, and is projected to maintain its dominance in terms of revenue during the forecast period. In addition, this region is estimated to portray the fastest CAGR of 8.0% from 2020 to 2027.
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Audio IC Market Key Segments
By IC Type
• Audio Amplifier
• Audio DSP
• Audio Codecs
• Microphone IC
By Application
• Computer & Tablets
• Phones
• Headphones
• Home Entertainment Systems
• Automotive
• Smart Home & IoT devices
• Wearables
• Others
Report Summary: https://www.alliedmarketresearch.com/audio-ic-market-A11061
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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