Audio IC Market By IC Type (Audio Amplifier, Audio DSP, Audio Codecs, and Microphone IC) and Application (Computer & Tablets, Phones, Headphones, Home Entertainment Systems, Automotive, Smart Home & IoT Devices, and Wearables): Global Opportunity Analysis and Industry Forecast, 2020-2027
The global audio IC market size was valued at $27.72 billion in 2019, and is projected to reach $45.57 billion by 2027, to register a CAGR of 7.09% from 2020 to 2027. Asia-Pacific was the highest revenue contributor, accounting for $10.06 Billion in 2019, and is estimated to reach $17.68 Billion by 2027, with a CAGR of 8.0%. Audio IC is an electronic chip, which is used as an audio processor, MEMS microphone, audio amplifier, and subsystem. Various types of audio ICs include audio amplifiers, audio converters, audio DSPs, and audio processors.
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Top Impacting Factors
Prominent factors that impact the audio IC market growth include increase in adoption of consumer electronics devices and development of new energy efficient audio devices with enhanced user experience. In addition, increase in adoption of wireless and smart infrastructure and surge in demand for Hi-Fi audio in commercial events fuel growth of the market. However, increase in demand for audio SoCs and technical faults and issues associated with integration of audio devices is a major restraint for the global audio IC industry. Furthermore, rise in demand for on-board media entertainment systems and development of VR technology is expected to create opportunities for the global market.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global audio IC market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall audio IC market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current audio IC market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the audio IC market share of key vendors.
- The report includes the market trends and the market share of key vendors.
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Audio IC Market Key Segments
By IC Type
- Audio Amplifier
- Audio DSP
- Audio Codecs
- Microphone IC
By Application
- Computer & Tablets
- Phones
- Headphones
- Home Entertainment Systems
- Automotive
- Smart Home & IoT devices
- Wearables
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Sweden
- France
- Germany
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Analog Devices Inc.
- Cirrus Logic
- NXP Semiconductors
- STMicroelectronics
- Maxim Integrated
- ROHM CO. LTD.
- Texas Instruments
- ON Semiconductors
- Toshiba Corporation
- Infineon
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