Audio CODEC Market is expected to rise at a moderate CAGR during the forecast period from 2021 to 2027. The Audio CODEC Market is growing at a significant pace owing to rise in the demand for energy efficient audio systems. Additionally, increasing adoption of smartphones is also driving the market growth. Moreover, emergence of IoT-enabled devices integrated with artificial intelligence is projected to create immense opportunities for the audio CODEC market. An audio codec (coder/decoder) is a type of audio IC (integrated circuit) that encodes analog audio into a digital signal and decodes the digital signal back to analog. It is an audio data converter that has both an analog-to-digital converter (ADC) and a digital-to-analog converter (DAC). Codecs, which are also data converters, are also used for encoding, decoding, compressing, and decompressing audio. Audio codecs use a bus to transmit digital data. Audio codecs find a wide range of applications in fields such as entertainment, gaming, consumer electronics, and automobiles.
An increase in the disposable and per capita income of people around the globe along with the innovative product launches is further driving the growth of the market. Furthermore, the rising demand of infotainment for automobiles, rising gaming industry, and the implementation of Virtual reality across numerous industries are expected to create ample opportunities for the audio CODEC market during the forecast period. Key players operating in the global audio codec market include Cirrus Logic, Inc., Qualcomm Inc., Realtek Semiconductor Corp., Analog Devices, Inc., Maxim Integrated Products, Inc., STMicroelectronics N.V., Texas Instruments Inc., DSP Group, Inc., Dolby Laboratories, Inc., and Technicolor SA.
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A full report of Global Audio CODEC Market is available at: https://www.orionmarketreports.com/audio-codec-market/58686/
The following Segmentation are covered in this report:
By Component Type
- Hardware
- Software
By Application
- Desktop and Laptop
- Mobile Phone and Tablet
- Music & Media Device and Home Theatre
- Television and Gaming Console
- Headphone, Headset, and Wearable Devices
- Automotive Infotainment
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Audio CODEC
- The market share of the global Audio CODEC Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Audio CODEC
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Audio CODEC
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
