Audio Codec Market Projected to Reach US$ 10 Billion by 2033, Growing at a CAGR of 5.2%

The worldwide audio codec market is forecasted to advance with a compound annual growth rate (CAGR) of 5.2%, projected to increase from its current value of US$ 6 billion to US$ 10 billion by the conclusion of 2033.

An audio codec, short for coder/decoder, represents both an integrated circuit (IC) and computer-based application designed for compressing and decompressing data streams and digital audio signals. Operating through a software-based system, it employs a range of techniques for encoding, decoding, and compressing data. Additionally, it incorporates capabilities for analog-to-digital conversion (ADC) and digital-to-analog conversion (DAC).

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The audio codec market is undergoing substantial changes driven by advancements in technology and evolving consumer demands. From consumer electronics to automotive sectors, there is a growing emphasis on enhancing audio quality. This article explores the current trends shaping the direction of the audio codec market amidst these developments.

Advancements in High-Resolution Audio:

The increasing demand for high-fidelity audio streaming and immersive multimedia experiences requires advanced audio codecs capable of delivering superior sound quality. Manufacturers are focusing on developing codecs that meet high-resolution audio standards such as FLAC and MQA, catering to audiophiles and consumers seeking exceptional listening experiences.

Key Companies Profiled:

• Cirrus Logic Inc
• Dialog Semiconductor
• CML Microelectronics
• Qualcomm Inc
• DSP Group Inc
• Texas Instruments
• Analog Devices Inc
• Realtek Semiconductor Corp
• ROHM Co. Ltd.

Integration of AI and Machine Learning:

AI-driven audio processing represents a transformative shift in the functionality of audio codecs. Utilizing machine learning algorithms, codecs can now dynamically enhance audio quality, adjust to diverse environmental conditions, and enhance noise cancellation capabilities. This integration of AI technology drives advancements in audio codec development, leading to more intelligent and versatile audio solutions.

Demand for Low-Latency Audio Streaming:

The audio codec market is undergoing a substantial evolution driven by advancements in technology and changing consumer demands. With sectors ranging from consumer electronics to automotive placing greater emphasis on audio fidelity, this article explores the current trends shaping the direction of the audio codec market.

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Rise of Bluetooth LE Audio:

The arrival of Bluetooth LE Audio marks a transformative phase in wireless audio connectivity. Offering capabilities like multi-streaming, improved audio fidelity, and lower power usage, Bluetooth LE Audio is set to redefine standards for wireless audio transmission. Manufacturers are quickly adopting this technology, facilitating the incorporation of Bluetooth LE Audio-compatible codecs into a wide array of devices.

Competitive Landscape:

Major players in the audio codec market are strategically focusing on collaborations, new developments, investments, and acquisitions to both sustain and expand their global presence. Furthermore, the market is witnessing the emergence of several startups aiming to make their mark on the global stage.

Analog Devices, Inc. made headlines in March 2022 with the release of its millimeter-wave (mmW) 5G front-end chipset. This innovative chipset meets crucial frequency requirements, enabling designers to simplify complexities and introduce smaller, more adaptable radios to the market at a faster pace.

In September 2021, Qualcomm unveiled Qualcomm aptX, a Bluetooth audio codec designed to transmit CD-quality audio over Bluetooth connections, thereby enhancing overall audio fidelity. Offering an audio resolution of 16 bit/44.1kHz and a bitrate of 1mbps, this codec significantly improves audio experiences.

Also in September 2021, Qualcomm Technologies introduced the WCD9341, a versatile aptX codec capable of decoding audio formats of up to 32 bits. This codec seamlessly transitions between high-bitrate mode for optimal music listening and low-latency mode for gaming, catering to diverse user preferences.

In June 2021, Cirrus Logic showcased a groundbreaking low-power voice recording development kit tailored for Alexa Voice Service (AVS). This comprehensive kit comprises the CS7250B digital MEMS microphone, the CS47L24 smart codec, and the SoundClear algorithm, which delivers superior noise suppression, echo cancellation, and voice control capabilities. Leveraging an on-chip DAC and a two-watt mono speaker driver, the smart codec ensures high-quality audio playback, further enhancing the user experience.

Focus on Power Efficiency:

With the increasing prevalence of portable devices, the focus on power-efficient audio codec design becomes paramount. Manufacturers are developing codecs that minimize power consumption while maximizing performance, thereby prolonging battery life and enhancing the overall user experience.

Key Segments of Audio Codec Industry Research:

• By Function :
o With DSP
o Without DSP
• By Component :
o Hardware
o Software
• By End Use :
o Computers
o Phones
o Tablets
o Over-Ear Headphones
o TWS
o Home Entertainment
o Commercial
o Automotive
o Portable
o Smart Homes
o IoT
o Wearables
o AR/VR
• By Region :
o North America
o Latin America
o Europe
o Asia Pacific & China
o Middle East & Africa

The audio codec market is undergoing rapid evolution, driven by advancements in audio technology and evolving consumer demands. From high-resolution audio standards to AI-powered processing and low-latency streaming, manufacturers are innovating to cater to the diverse needs of consumers across various industries. As the quest for superior audio experiences continues, the audio codec market is poised for further growth and innovation in the years ahead.

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This release was published on openPR.