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The Worldwide Audio Codec Industry is Expected to Grow at a CAGR of 5.5% Between 2020 to 2025DUBLIN, 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. 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. 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. 1 Introduction 2 Research Methodology 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
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