Audio CODEC Market Size to Reach USD 14.12 Billion by 2027 at CAGR 4.1% | Valuates Reports
BANGALORE, India, March 19, 2021 /PRNewswire/ -- The Audio CODEC Market is Segmented by Function (With DSP and Without DSP), by End Use (Computer, Phone, Tablet, Over-Ear Headphone, TWS, Home Entertainment, Commercial, Automotive, Portable, Smart Home, IoT, Wearable, and AR/VR)). The report covers global opportunity analysis and industry forecast from 2021 to 2027. It is published on Valuates Reports in the Electronic Components Category.
The global audio CODEC market size was valued at USD 11.44 Billion in 2019, and is projected to reach USD 14.12 Billion by 2027, registering a CAGR of 4.1% from 2020 to 2027.
Audio CODEC finds a wide range of applications in entertainment, gaming, consumer electronics, and automotive. Major factors driving the growth of the Audio CODEC market size are the rise in demand for energy-efficient audio systems and the increase in adoption of smartphones.
TRENDS INFLUENCING THE AUDIO CODEC MARKET
AUDIO CODEC MARKET SHARE ANALYSIS
AUDIO CODEC MARKET SEGMENTS
By End Use
Leading Companies Covered:
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- Audio DSP Market size was valued at USD 11.06 Billion in 2019, and is projected to reach USD 23.43 Billion by 2027, registering a CAGR of 9.3% from 2020 to 2027. Discrete segment will grow at a highest CAGR of 12.6% during the forecast period.
- Stereo Audio Codecs Market is Segmented by Type Analog, Digital, by Application Desktop and Laptop, Mobile Phone and Tablet, Music & Media Device and Home Theatre, Television and Gaming Console, Wearable Device, Automotive Infotainment and by various regions.
- Smartphone Audio Codecs Market is Segmented by Type Lossless Compression, Lossy Compression, by Application IOS, Android and by various regions.
- Low Power Audio Codecs Market Report covers leading companies such as Synaptics(US), Dialog Semiconductor (UK), Asahi Kasei Microdevices (Japan), Cirrus Logic(US), Knowles(US), STMicroelectronics (Switzerland), Texas Instruments (US), Analog Devices(US), Infineon Technologies(Germany), NXP Semiconductors(Netherlands), Silicon Laboratories (US), Rohm(Japan).
- Computer Audio Interfaces Market is Segmented by Type - USB, Firewire, MIDI, Thunderbolt, by Application - Amateurs, Professional and by various regions.
- Multi-channel Audio Codecs Market - Multichannel audio codecs are available for use in home entertainment systems, DVD video and audio players, automotive audio systems, a/v receivers, and digital audio effects processors.
- Mono Audio Codecs Market - Mono audio codec is designed to provide a complete audio solution for wireless voice headsets and other mono voice audio devices.
- Portable Audio Codecs Market - The portable audio-codecs from AEQ are conceived to provide high quality bi-directional communications through Ethernet (IP), ISDN (RDSI) , point-to point V.35/X.21 interfaces, standard telephone lines PSTN (or "POTS") and other devices that are compatible with these telecommunications interface formats such as satellite phones digital radio-links or mobile phones.
- PCM Audio Codecs Market is Segmented by Type Analog, Digital, by Application Desktop and Laptop, Mobile Phone and Tablet, Music & Media Device and Home Theatre, Television and Gaming Console, Wearable Device, Automotive Infotainment and by various regions.
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