Press release
Global Audio Codec Market Report 2025: A Deep Dive into Market Size, Growth Drivers, and Key Trends
Audio Codec Market Size
What Is The Projected Market Size Of The Global Audio Codec Global Market Report 2025 And Its Growth Rate?
The global audio codec market has shown promising growth in recent years:
• Historical Period (2024): $9.56 billion
• Growth Rate (2024 to 2025): 4.2%
• Projected Market Size (2025): $9.96 billion
The future also looks bright, with further expansion predicted.
• Forecast Period (2025 to 2029): 6.5% CAGR
• Projected Market Size (2029): $12.79 billion
What Is Driving The Growth In The Audio Codec Global Market Report 2025?
The surge in smartphone adoption is a key driver of the audio codec market's growth. An integral part of everyday life, smartphones, with their advanced features and capabilities, support an increasing range of media and internet activities. They have become a primary device for media streaming, resulting in rising demand for audio codecs that deliver high-quality audio while minimising file size. Moreover, mobile applications like VoIP and video calling also require audio codecs for clear voice transmission. This escalating use of smartphones is expected to continue propelling the audio codec market's growth.
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Who Are the Key Players Driving Audio Codec Global Market Report 2025 Growth?
The key players in the audio codec market include:
• 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.
What Are The Key Trends In The Audio Codec Global Market Report 2025?
Significant trends in the forecast period include:
• Software and app development
• Low-latency codecs
• AI-powered audio codecs
• Enhanced audio quality control
• Adaptive bitrate streaming
What Are The Segments Of The Global Audio Codec Global Market Report 2025?
The Audio Codec Market is Segmented by:
1) Component: Hardware, Software
2) Function: With Dedicated Digital Signal Processor (DSP), Without Dedicated Digital Signal Processor (DSP)
3) 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
Which Region Leads The Audio Codec Global Market Report 2025?
Asia-Pacific was the largest region in the audio codec market in 2024, with North America anticipated to be the fastest-growing region during the forecast period. The report provides comprehensive regional insights covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Audio Codec Global Market Report 2025 Global Market Report?
• Market Size Analysis: Analyze the global audio codec market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the global audio codec market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Audio Codec Global Market Report 2025 growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Audio Codec Global Market Report 2025.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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