Audio IC Market Research Report: By Type (Audio Amplifiers [Volume Control IC, Audio Line Drivers and Receivers, Speaker Amplifier and others], Audio DSPs, Audio Converters [Audio ADC, Audio DAC, Others], Audio Processors, Microphone Preamplifiers and others]), Application (Automotive Audio, Professional Audio, Smart Home, Smart and Portable Devices, Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027
ID: MRFR/SEM/7152-HCR | February 2021 | Region: Global | 111 pages
Market Synopsis
The Global Audio IC Market was valued at USD 6.31 Billion in 2018; it is expected to reach USD 17.52 Billion by the end of the forecast period at a CAGR of 16.1%.
Audio IC is a chip used as an audio processor, audio amplifier, MEMS microphone, and subsystems. Types of audio ICs include audio amplifiers, audio DSPs, audio converters, and audio processors among others. Automotive audio, professional audio, smart home, and smart and portable devices are some applications of audio IC. Increasing demand for smart home devices and professional audio market and the need for compact and energy-efficient audio ICs are the key factors contributing to the growth of audio IC market. The electronics industry all over the world is currently being affected by stringent regulations regarding environment and energy efficiency, which has led to various developments such as miniaturization and convergence of almost all daily-use electronic devices. Device miniaturization is done considering all the input/output ports and various other components in the assembly that are vital to the end-product. Miniaturization has increased the demand for integrated power for application-specific processors and subsystems. Miniaturization has facilitated the integration of audio ICs in several industrial applications due to rapid developments in connected devices and IoT technology.
Additionally, these components offer greater assistance to transform analog to digital designs and provide improved flexibility, smaller form factors, and higher efficiency for the consumer electronics and wearable devices. Moreover, the rising need for low energy consumption, high-power density with high-performance solutions has increased the demand for audio ICs in the automotive industry. Furthermore, there is a large number of companies offering a wide product portfolio for audio ICs. Companies such as Texas Instruments Incorporated, STMicroelectronics, NXP Semiconductors, and Analog Devices offer a wide range of audio ICs that offer compactness, ultra-low quiescent current, and integrated features for various space-constrained consumer electronics and wearable applications in automobiles, smartphones, tablets, and others.
Segmentation
The Global Audio IC Market has been segmented based on Type, Application and Region.
By type, the audio IC market has been segmented into audio amplifiers (volume control IC, audio line drivers and receivers, speaker amplifier, and others), audio DSPs, audio converters (audio ADC, audio DAC, others), audio processors, microphone preamplifiers, and others.
By application, the audio IC market has been segmented into automotive audio, professional audio, smart home, smart and portable devices, and others.
By region, the audio IC market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Regional Analysis
Globally, the audio IC market has been categorized into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America dominated the audio IC market due to rising advancement in technology and increasing demand for consumer electronics devices such as smartphones, computers, and others. The US holds the largest share for audio IC market in North America due to increased adoption of audio ICs in the automotive and consumer electronics industries. Moreover, the presence of various manufacturers of audio ICs such as Texas Instruments and Analog Devices play a significant role in the growth of the market. Apart from that, increased investments made by various US-based companies in the automotive industry in Mexico are expected to fuel the demand for audio ICs over the forecast period.
Global Audio IC Market, USD Billion 
Source: MRFR Analysis
Competitive landscape
The Global Audio IC Market is characterized by the presence of several global electronic component manufacturers and semiconductor fabrication companies. The competition among the existing and new players for shares in the market is highly intense. Quality, performance, and reliability of ICs are some of the factors that help vendors to sustain in an intensely competitive market. Furthermore, technological advancements for the adoption of audio IC across automotive electronics, consumer electronics, data and communication sectors are expected to fuel the growth of the audio IC market during the forecast period.
Key Players
The Key Players in the audio IC market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Texas Instruments, STMicroelectronics, Analog Devices Inc, Maxim Integrated, THAT Corporation, Cirrus Logic, ams AG, Infineon, Microchip, New Japan Radio (NJR), NXP Semiconductor, ON Semiconductor, Renesas Electronics, ROHM Semiconductor, and Tempo Semiconductor. These players significantly contribute to the market growth. Apart from the top key players, the other players contribute nearly 25–30% in the audio IC market.
Intended Audience
- System Integrators
- ODMs
- Electronic Component Manufacturers
- Resellers and Distributors
- Consultancy and advisory firms
- Research Institutes and Organizations
- Technology Standards Organizations
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 17.52 Billion |
| CAGR | 16.1% |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Texas Instruments, STMicroelectronics, Analog Devices Inc, Maxim Integrated, THAT Corporation, Cirrus Logic, ams AG, Infineon, Microchip, New Japan Radio (NJR), NXP Semiconductor, ON Semiconductor, Renesas Electronics, ROHM Semiconductor, and Tempo Semiconductor |
| Key Market Opportunities | Augmented demand for customized amplifiers of sound systems in the entertainment industry. |
| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
The popularity and the widespread adoption of smart home devices are expected to motivate the market in eh coming years.
The trend of miniaturization is expected to hamper the growth of the audio IC market.
The collective demand for consumer electronics devices is expected to place the North American region at the crux of the market’s development.
A 16 % CAGR is foreseen to shape the market’s development favorably.
Cirrus Logic, ams AG, THAT Corporation, Infineon, Microchip, NXP Semiconductor, ON Semiconductor, New Japan Radio (NJR), and Renesas Electronics are the definitive leaders in the market.