The Worldwide Audio Codec Industry is Expected to Grow at a CAGR of 5.5% Between 2020 to 2025
DUBLIN, Jan. 19, 2021 /PRNewswire/ -- The "Audio Codec Market by Component Type (Hardware and Software), Application (Desktop and Laptop, Mobile Phone and Tablet, Headphones, Headset and Wearable Devices), and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The audio codec market was valued at USD 6.8 billion in 2020 and is projected to reach USD 7.8 billion by 2025; it is expected to register a CAGR of 5.5% from 2020 to 2025.
Some of the Factors such as penetration of internet users which are generating traffic, demand for telecommunication devices and products as there are restrictions globally amidst the pandemic and consumer trends inclined for IoT enabled smartphones and related devices.
Audio codec market for headset, hearables and wearable devices application to grow at highest CAGR during forecast period
The audio codec market for headset, hearables and wearable devices application is expected to grow at the highest CAGR during the forecast period considering the surge in the demand for wireless electronic products such as earplugs, smart watches, bluetooth speakers and others. Many automotive companies are diversifying their business portfolio in order to cater upgraded audio enabled music and communication devices in the manufacturing stage.
China is accounted for largest share in 2020 and further in the forecast period
The audio codec market in India is projected to share the largest market share during the forecast period. The highest CAGR is because of the presence of manufacturing capabilities in consumer goods and electronic products. Moreover, the R&D from China has helped the increasing the market share of audio products in the audio codec market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Innovations in Smartphones and Wearable Devices to Create Attractive Opportunities for Audio Codec Market
4.2 Audio Codec Market, by Component
4.3 Market, by Application
4.4 Market, by Geography
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Internet Penetration and Data Traffic
5.2.1.2 Increasing Adoption of IoT-Enabled Connected Devices for Daily Users
5.2.1.3 Surging Demand for Telecommunication Systems Amid COVID-19 Outbreak to Drive the Market for Audio Codecs
5.2.2 Restraints
5.2.2.1 Declining in the Usage of Optical Media Products
5.2.2.2 Short-Term Impact on Consumer Electronics Industry due to COVID-19
5.2.3 Opportunities
5.2.3.1 Growing Demand for Android Set-Top Boxes and Video-On-Demand Services
5.2.3.2 Rising Demand for Infotainment in Passenger Cars
5.2.4 Challenges
5.2.4.1 Continuous Optimization of Component Size
5.2.4.2 Variations in Demand and Supply due to COVID-19
5.3 Price Trend Analysis
5.4 Regulatory Update
5.5 Value Chain Analysis
5.6 Audio Codec Market Ecosystem
5.7 Technology Analysis
5.7.1 Lossless Audio Compression
5.8 Patent Analysis
5.9 Case Study Analysis
5.9.1 Media Magic Enabled a Leading Speaker Manufacturer to Integrate Multi-Room/Multi-Zone Capabilities on Its Smart Wireless Speaker
5.9.2 American Smartwatch Brand Enhances Its Appeal and Delivers Outstanding User Experience with Ittiam's Sbc Codec
6 Audio Codec Market, by Component
6.1 Introduction
6.2 Hardware
6.2.1 Audio Codec Hardware, by Channel Type
6.2.1.1 Mono Codec
6.2.1.1.1 Mono Codec Devices are Widely Used for Personal Electronic Appliances
6.2.1.2 Stereo Codec
6.2.1.2.1 Different Techniques in Stereo Codec Have Diversified Their Use in Consumer Electronics
6.2.1.3 Multi-Channel Codec
6.2.1.3.1 Increasing Demand for Home Entertainment Appliances to Boost Demand for Multi-Channel Codecs
6.3 Software
6.3.1 Audio Codec Software, by Compression Type
6.3.1.1 Non-Compression
6.3.1.1.1 Manufacturing Companies are Procuring Pam, Pcm, and Pwm for Smartphones and Tablets
6.3.1.2 Lossless Compression
6.3.1.2.1 Increasing Demand for Communication-Enabled Products to Drive the Market for Lossless Compression
6.3.1.3 Lossy Compression
6.3.1.3.1 Innovative Communication Products to Drive the Demand for Lossy Compression
7 Audio Codec Market, by Application
7.1 Introduction
7.2 Desktop and Laptop
7.2.1 Software Audio Codec Segment to Play a Vital Role in Growth of Market for Desktop and Laptop Application
7.3 Mobile Phone and Tablet
7.3.1 Entertainment Options in Smartphones to Drive Growth of Market
7.4 Music & Media Device and Home Theater
7.4.1 Home Entertainment Products to Create Demand for Audio Codecs
7.5 Television and Gaming Console
7.5.1 Excellent Consumer Experience of Gaming Console to Fuel Demand for Audio Codec
7.6 Headphone, Headset, and Wearable Devices
7.6.1 Change in Consumer Behavior from Conventional to Wearables and Hearables
7.7 Automobile Infotainment
7.7.1 Increasing Integration of Infotainment Systems, Voice Command, and Navigation Systems to Boost Demand for Audio Codecs
7.8 Others
7.8.1 Software Platform
7.8.2 Broadcasting
7.8.3 Audio Production and Recording
7.8.4 IP Telephony
8 Audio Codec Market, by Geography
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia-Pacific
8.5 Row
9 Competitive Landscape
9.1 Overview
9.2 Market Share and Ranking Analysis of Key Companies, 2019
9.3 Five Year Revenue Analysis of Major Players in Market
9.4 Company Evaluation Matrix, 2019
9.4.1 Star
9.4.2 Emerging Leader
9.4.3 Pervasive
9.4.4 Participant
9.5 Startup/SME Evaluation Matrix, 2019
9.5.1 Progressive Companies
9.5.2 Responsive Companies
9.5.3 Dynamic Companies
9.5.4 Starting Blocks
9.6 Competitive Situations and Trends
9.6.1 Product Launches
9.6.2 Deals
10 Company Profiles
10.1 Introduction
10.2 Key Players
10.2.1 Cirrus Logic
10.2.2 Qualcomm
10.2.3 Realtek Semiconductor
10.2.4 Dolby Laboratories
10.2.5 Technicolor
10.2.6 Analog Devices
10.2.7 Maxim Integrated
10.2.8 STMicroelectronics
10.2.9 Texas Instruments
10.2.10 Dsp Group
10.3 Right to Win
10.4 Other Companies
10.4.1 Fraunhofer IIS
10.4.2 Xiph
10.4.3 Broadcom
10.4.4 Ams
10.4.5 Tempo Semiconductor
10.4.6 Dialog Semiconductor
10.4.7 Digigram
10.4.8 Cml Microcircuits
10.4.9 Barix
10.4.10 Tieline
10.4.11 Synopsys
10.4.12 Ittiam
10.4.13 Atc Labs
10.4.14 Akm (Asahi Kasei Microdevices)
10.4.15 Sony
11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
For more information about this report visit https://www.researchandmarkets.com/r/v87y3p
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article