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Audio Codec Market 2023 - Industry Insights, New Trends, Growth, And Forecast To 2032 | Apple Inc., AT&T Inc., Qualcomm Incorporated, Texas Instruments Incorporated
Audio Codec Market
The Business Research Company's Audio Codec Global Market Report 2023 identifies increase in smartphone adoption is expected to propel the growth of the audio codec market. Smartphones have become the primary streaming media device, leading to a demand for codecs that provide high-quality audio while minimizing file size. Voice over Internet Protocol (VoIP) and smartphone video calling apps require audio codecs for clear voice transmission.
The global audio codec market is expected to grow from $8.78 billion in 2022 to $9.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The market size of global audio codec is expected to reach $11.22 billion in 2027 at a CAGR of 4.9%.
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Major players in the audio codec market are Apple Inc., AT&T Inc., Qualcomm Incorporated, Texas Instruments Incorporated, STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, ROHM Co. Ltd., Realtek Semiconductor Corp., Microsemi Corporation, Cirrus Logic Inc., Dolby Laboratories Inc., Xilinx Inc., Harmonic Inc., Nordic Semiconductor ASA, DSP Group Inc., Toshiba Electronic Devices & Storage Corporation, AKM Semiconductor Inc., CML Microcircuits, Audio-Technica Corp., VisualOn Inc., Savitech Corp., and Tieline Technology.
Product innovation is a key trend gaining popularity in the audio codec market. Major companies operating in the audio codec market are focused on innovating new products and solutions to sustain their position in the market.
Read More On The Global Audio Codec Market Report Here:
https://www.thebusinessresearchcompany.com/report/audio-codec-global-market-report
The audio codec market is segmented -
• By Component: Hardware, Software
• By Function: With Dedicated Digital Signal Processor (DSP), Without Dedicated Digital Signal Processor (DSP)
• By Application: Desktop And Laptop, Mobile Phone and Tablet, Music And Media Device and Home Theatre, Television and Gaming Console, Headphone, Headset, and Wearable Devices, Automotive Infotainment
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the audio codec market.
The Business Research Company's "Global Audio Codec Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Audio Codec Market Include:
1. Audio Codec Market Executive Summary
2. Audio Codec Market Segments
3. Audio Codec Market Size And Audio Codec Market Growth Rate
4. Key Audio Codec Market Trends
5. Major Audio Codec Market Drivers
……
25. Key Mergers And Acquisitions In The Audio Codec Market
26. Top Audio Codec Companies
27. Audio Codec Market Opportunities And Strategies
28. Audio Codec Market, Conclusions And Recommendations
29. Appendix
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