Key Influencer in the Audio Codec Market 2025: Rising Smartphone Adoption Fuels Expansion Of The Audio Codec Market Driver

How Are the key drivers contributing to the expansion of the audio codec market?
The expansion of the audio codec market is anticipated to be propelled by a surge in smartphone usage. Combining the capabilities of a computer with a traditional cell phone, smartphones serve as a primary device for streaming media and thus generate a need for codecs that deliver superior audio quality while maintaining reduced file size. Applications such as Voice over Internet Protocol (VoIP) and video calling on smartphones necessitate audio codecs for impeccable voice conveyance. For example, Uswitch Limited, a financial conduct authority based in the UK, stated in February 2023 that mobile connections in the UK initially witnessed a rise in 2022, hitting 71.8 million, which represented a growth of approximately 3.8% (or around 2.6 million) over 2021. By 2025, the UK population is projected to reach 68.3 million, with an estimated 95% (or about 65 million individuals) being smartphone owners. Consequently, the growth of the audio codec market is fueled by this rise in smartphone usage.

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What growth opportunities are expected to drive the audio codec market's CAGR through 2034?
In recent years, there has been a consistent growth in the audio codec market size. The market is expected to increase from $9.56 billion in 2024 to $9.96 billion in 2025, representing a compound annual growth rate (CAGR) of 4.2%. The growth observed in the earlier period can be linked to factors such as heightened use of smartphones and portable devices, the evolution of digital media, increased consumption of internet streaming and multimedia, advancements in digital audio broadcasting, and its integration into consumer electronics.

The market size of the audio codec is predicted to experience substantial growth in the coming years, culminating in a value of $12.79 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. The projected growth within this period can be associated with the expansion of 5G and IoT, the rise in augmented and virtual reality (AR/VR), the advent of automotive audio systems, the integration of edge computing, and the emphasis on customization and adaptability. Emerging trends within this forecast period encompass software and app development, low-latency codecs, AI-powered audio codecs, improved audio quality control, and adaptive bitrate streaming.

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What are the emerging trends shaping the future of the audio codec market?
The key players in the audio codec market are channelling their efforts towards producing innovative products like the true-lossless audio codecs, aiming to amplify the sound quality and boost streaming efficiency. Essentially, true-lossless audio codecs are a form of audio compression technology that ensures the flawless reconstruction of original audio data without comprising on quality. As an illustration, Honeywell, a tech multinational from the US, introduced the Honeywell Aviator Hi-Fi speaker in October 2024. This advanced audio device, catering to audio enthusiasts and fashion-forward consumers, fuses cutting-edge technology with a plush design. The device sports a True-Lossless Audio Codec, promising unmatched sound clarity and delivers a potent output of 240 watts. Equipped with Bluetooth V5.3 that provides a coverage area up to 30 meters, it enables unrestricted streaming and houses USB Type-C and Lightning alternatives for superior quality audio transmission. The speaker comes with an easy switch between different audio inputs and is decked with ambient lighting to improve the overall auditory experience.

Which growth-oriented segments of the audio codec market are leading the industry's development?
The audio codec market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Function: With Dedicated Digital Signal Processor (DSP), Without Dedicated Digital Signal Processor (DSP)
3) 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

Subsegments:
1) By Hardware: Integrated Circuits (ICs), Digital-To-Analog Converters (DACs), Analog-To-Digital Converters (ADCs), Microcontrollers, Audio Processors
2) By Software: Audio Processing Software, Codec Libraries, Firmware, Application Software

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What regions are leading the charge in the audio codec market?
Asia-Pacific was the largest region in the audio codec market in 2024. North America is expected to be the fastest-growing region in the audio codec market report during the forecast period. The regions covered in the audio codec market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the audio codec market?
Major companies operating 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., 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., Tieline Technology

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What Is Covered In The Audio Codec Global Market Report?

• Market Size Forecast: Examine the audio codec market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the audio codec market for a structured understanding.
• Key Players Overview: Analyze major players in the audio codec market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the audio codec market.
• Segment Contributions: Evaluate how different segments drive overall growth in the audio codec market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the audio codec market.
• Industry Challenges: Identify potential risks and obstacles affecting the audio codec market.
• Competitive Landscape: Review strategic developments in the audio codec market, including expansions, agreements, and new product launches.

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