Market Research Future (MRFR) has published a half cooked research report on the “global Audio Amplifier Market” that contains the information from 2023 to 2030.
The Audio Amplifier Market is predicted to reach USD 8,637.1 million by 2030, registering a 7.0% CAGR during the forecast period, 2023–2030. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The market for manually controlled speakers has been replaced by AI-controlled speakers as a result of the development of new technologies like automated voice recognition technology and natural language processing (NLP). The speakers can now process the user's commands due to these technologies. The virtual assistants Alexa, Amazon Echo, and Google Home-powered Google Assistant all use artificial intelligence, natural language processing (NLP), machine learning, and a number of other technologies. These are made possible by wireless communication technologies like Wi-Fi and Bluetooth, managed by virtual assistants, and guided by artificial intelligence. Digitalization and rising internet usage have opened the door for technological advancement and increased appeal among Millennials. These AI-powered gadgets can carry out tasks when given voice commands. Location, news, movie searching, music listening, meal ordering, and voice commands are all available. The global smart speaker market is expected to grow as a result of the development of digitalization and consumer acceptance of newer technologies, which have raised consumers' living standards to smart living standards.
In December 2022, The STMicroelectronics FDA (completely digital amplifier) family's newest single-channel fully differential 10W Class-D audio power amplifiers are the FDA803S and FDA903S. Key players functioning in the market are more focused on enchasing the opportunities of the market. During the forecasted period, major investments with mergers and acquisitions are likely to increase the market's growth as well.
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The scope of the global Audio Amplifier market has been segmented based on channel type, application, class and end users.
Based on channel type, the global Audio Amplifier market is segmented into Mono channel, two channel, four-channel, six channel and others. The two channel segment is expected to exhibit the fastest CAGR during the projected period.
Based on application, the global Audio Amplifier market is segmented into smartphones, television sets, home audio systems, desktops & laptops, tablets, automotive infotainment systems, professional audio systems and others. The home audio systems segment will experience the highest CAGR.
Based on class, the global Audio Amplifier market is segmented into Class A, B, A/B, D and Others. D is expected to exhibit the fastest CAGR during the projected period.
Based on Industry Vertical the global Audio Amplifier market is segmented into consumer electronics, automotive, military & defense, entertainment and others. The consumer electronics segment is expected to grow at the highest CAGR during the forecast period.
Geographically, the global Audio Amplifier market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Asia Pacific accounted for the largest share of revenue in 2021. The consumption of audio amplifiers (class D) by automotive players in this region to advance their automotive infotainment systems is also attributed to the growth of the audio amplifier market in APAC, as audio amplifiers (class D) help reduce noise and distortion, enable refined signal processing, and improve overall performance of the infotainment sound system and attain the need for an elevated audio experience.
During the forecast period, the Europe region is expected to exhibit the fastest CAGR. Increasing adoption of audio amplifiers in home audio systems is expected to fuel the market growth. Continuous technological innovations in home audio systems and increasing demand for high-performance home theaters are propelling the adoption of audio amplifiers in these systems.
The key players in the global Audio Amplifier market STMicroelectronics (Netherlands), Texas Instruments (US), NXP Semiconductors (Netherlands), Maxim Integrated Product, Inc. (US), Analog Devices (US), Cirrus Logic (US), Toshiba Corporation (Japan), Infineon Technologies (Germany), ON Semiconductor Corp. (US), Qualcomm Incorporated (US), ROHM Semiconductor (Japan), Monolithic Power Systems, Inc. (US), and Silicon Laboratories Inc. (US).