Market Research Future (MRFR) has published on the “Global AI Audio and Video SoC Market”.
Market Research Future (MRFR) has published a cooked research report on the “Global AI Audio and Video SoC” that contains information from 2018 to 2032. The AI Audio and Video SoC is estimated to register a CAGR of 49.8% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global AI audio and video SoC — Big Fish, Qualcomm, Dolphin Design, Synaptics Incorporated, Axis Communications AB, Nvidia, Intel, IBM, Kneron, Atlazo Inc., Ambarella, Silicon Labs, MediaTek Inc, and Socionext
The global AI audio and video SoC is accounted to register a CAGR of 49.5% during the forecast period and is estimated to reach USD 280.4 Billion by 2032.
The market for AI audio and video SoCs is expanding quickly as AI technology is used in a variety of industries. Advanced audio and video processing, such as speech recognition, image enhancement, and object detection, is made possible by AI-powered SoCs (System-on-Chips). The growing need for smart devices, virtual assistants, and autonomous systems is driving the industry.
The global AI audio and video SoC has been segmented based product and application area.
On the basis of product, the market is segmented into AI audio SoC, AI video SoC, and AI audio video integrated SoC. The AI audio SoC segment accounted for the largest revenue share in 2022. The main motivation behind the development of AI audio SoC is the rising demand for voice-activated digital assistant products.
Based on application area, the global AI audio and video SoC has been segmented into automotive, industrial, smart home, consumer electronics, and others. Smart home segment dominated the global AI Audio and Video SoC market in 2022. The main factor fueling the segment's expansion is the surge in the use of voice assistant devices and smart speakers.
Access full report @ https://www.marketresearchfuture.com/reports/ai-audio-video-soc-market-12046
The global AI audio and video SoC, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe AI Audio and Video SoC comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The AI Audio and Video SoC in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World AI Audio and Video SoC comprises of Middle East, Africa, and Latin America.
The North America AI audio and video SoC market dominated this market in 2022 (45.80%).This might be brought on by the growing interest in automated vehicles in the area. There are many benefits to automated vehicles. Driver distraction, which accounts for the majority of highway fatalities, will be decreased by fully autonomous vehicles. The US National Highway Trust Safety Administration (NHTSA) estimates that human error or poor driving judgements account for 94% of highway deaths. 42,900 motorists lost their lives on American roads in 2021, demonstrating the enormous humanitarian potential of a capable self-driving system.
Moreover, in 2022, the AI audio and video SoC market in Europe held a sizable market share. Increased digitization, IoT adoption, advanced analytics & server performance, and continued investments in cutting-edge workstations and servers employing 5G technologies are all contributing to the market's growth.
Additionally, from 2023 to 2032, it is anticipated that the Asia Pacific AI audio and video SoC market will experience rapid expansion. The increased demand for SoCs in the information technology, telecommunications, and consumer electronics industries is to blame for this. System-on-chips are widely used in consumer electronics, Bluetooth headsets, fitness trackers, smartwatches, tablets, laptops, and other electronic products in the region.
Furthermore, the rest of the world's AI audio and video SoC is divided into the Middle East, Africa, and Latin America. The market for AI audio and video System-on-Chip (SoC) in Latin America is expanding quickly thanks to the rising prevalence of AI in consumer electronics. AI-enabled SoCs improve device speed, make it possible to recognise voices and images, and provide smart features. The market is expanding due to rising demand for wearable technology, smart home devices, and IoT improvements.
Key Findings of the Study
- The global AI audio and video SoC is expected to reach USD 280.7 Billion by 2032, at a CAGR of 49.5% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increased demand for SoCs in the information technology, telecommunications, and consumer electronics industries is to blame for this.
- Based on product, the AI audio SoC segment was attributed to holding the largest market in 2022.
- Big Fish, Qualcomm, Dolphin Design, Synaptics Incorporated, Axis Communications AB, Nvidia, Intel, IBM, Kneron, Atlazo Inc., Ambarella, Silicon Labs, MediaTek Inc, and Socionext