The Global Audio IC Market size is projected to reach USD 52 billion by the end of the forecast period, at a compound annual growth rate (CAGR) of 7.30%
According to the latest research report, at a compound annual growth rate (CAGR) of 7.30%, the Global Audio IC Market size is projected to reach USD 52 Billion by the end of the forecast period (2022-2030). An audio integrated circuit (IC) is a chip that may be used as an audio processor, audio amplifier, MEMS microphone, and other subsystems. Audio integrated circuits (ICs) are available in a variety of configurations, including audio amplifiers, audio DSPs, audio converters, and audio processors, among others. Audio integrated circuits are used in a variety of applications, including automotive audio, professional audio, smart homes, and smart and portable devices.
A rise in the need for smart home devices as well as the professional audio industry, as well as the requirement for small and energy-efficient audio ICs, are among the major drivers driving the development of the audio integrated circuit market. Stringent environmental and energy efficiency laws are presently affecting the electronics sector all over the globe, and this has resulted in a number of advancements such as downsizing and convergence of virtually all daily-use electronic equipment, among other things. Device miniaturization is accomplished by taking into account all of the input/output ports, as well as numerous additional components in the assembly that are critical to the final product's functionality. With the reduction in size and weight of computer components, the need for integrated power in application-specific CPUs and subsystems has risen. Because of the fast advancements in linked devices and Internet of Things technologies, miniaturization has made it possible to integrate audio integrated circuits into a variety of industrial applications.
This report contains all the information on the global Audio IC industry strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global Audio IC Market analysis forecast for 2022 is also included in the report.
As a consequence of the outbreak of COVID-19, lockdowns have been implemented in order to control the pandemic. With the delay in the manufacture of smart home devices caused by the temporary closure of manufacturing facilities, the usage of Audio ICs is reducing, which is preventing the market from expanding. Manufacturers like STMicroelectronics, Texas Instruments Incorporated, and NXP Semiconductors provide a diverse selection of audio integrated circuits (ICs) for use in a variety of wearable and consumer electronics devices. In contrast, the halt in the manufacturing of smartphones, personal computers, laptop computers, and computers, which are used to control smart home appliances finished installing in smart homes, has had a negative impact on the smart homes market, which, in turn, has had a negative impact on the growth of the Audio ICs market trend.
The increase in the use of consumer electronics devices, as well as the development of new energy-efficient audio devices that provide a better user experience, are driving the growth of the audio integrated circuit market. In addition, the market is benefiting from an increase in the penetration of wireless and smart infrastructure, as well as an increase in the demand for high-definition audio at commercial events.
As demand for onboard media display screens grows, and VR technology advances, the audio integrated circuit sector is anticipated to benefit from the trend.
Increasing demand for audio SoCs, as well as technical flaws and problems connected with the integration of audio devices, is a significant constraint on the worldwide audio IC business, according to analysts.
Over the forecast period, technical problems and difficulties connected with the integration of audio devices, as well as a rise in demand for audio SOCs, are expected to provide challenges to the market.
The stringent government laws and regulations linked to the environment and energy efficiency have had an impact on the electronics industry across the world, leading to a slew of new innovations such as downsizing and convergence of everyday-use electronic devices. The downsizing of gadgets is accomplished by taking into consideration each and every input/output port, as well as the many components in the manufacturing process that are critical to the final product. In recent years, the need for integrated power in software processors and subsystems has risen substantially as a result of downsizing. The growing advances in linked devices and Internet of Things technologies, it has aided in the integration of audio integrated circuits into a variety of industrial applications.
According to the reports, The Global Audio IC Market has been divided into three categories: type, application, and region. Type: audio integrated circuit. Type-wise, the audio integrated circuit market has been divided into audio amplifiers (volume control integrated circuits, audio line drivers and receivers, speaker amplifier, and others), audio DSPs, audio converters (audio ADC, audio DAC, and others), audio processors, microphone preamplifiers, and other similar products. The audio IC market has been divided based on application into the following categories: automotive audio, professional audio, smart home, smart and portable devices, and others. Region-wise, the audio integrated circuit market has been divided into the following regions: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The market is segmented on the basis of type, application, and region. The global Audio IC Market is expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into automotive audio, professional audio, smart home, smart and portable devices, and others.
Based on the propulsion types, the market is segmented into audio amplifiers (volume control integrated circuits, audio line drivers and receivers, speaker amplifier, and others), audio DSPs, audio converters (audio ADC, audio DAC, and others), audio processors, microphone preamplifiers, and other.
Globally, the audio integrated circuit market has been divided into five regions: North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America. North America is the largest area, followed by Europe and Asia-Pacific. North America led the audio integrated circuits market as a result of technological advancements and increased demand for consumer electronics products such as cellphones, laptops, and other electronic devices. The United States has the biggest audio IC market share of the North American audio integrated circuit market, owing to the increasing use of audio integrated circuits in the automotive and consumer electronics sectors. Furthermore, the existence of different producers of audio integrated circuits (ICs), such as Texas Instruments and Analog Devices, contributes significantly to the market's expansion. In addition, increasing expenditures in the automotive sector in Mexico by different US-based businesses are anticipated to drive the need for audio integrated circuits during the projection period.
The Global Audio IC Market demand is defined by the presence of a number of global electronic component makers as well as semiconductor manufacturing businesses in the marketplace. Intense rivalry for market share exists between current and new companies, both domestically and internationally. The quality, performance, and reliability of integrated circuits (ICs) are some of the elements that enable suppliers to compete in a highly competitive market environment. The use of audio integrated circuits (ICs) across several industries, including auto electronic, consumer electronic, data, and communication, is anticipated to drive the development of the digital audio IC market during the forecast period.
The following report comprises of –
This partnership with CEVA, the world's top provider of wireless connection and smart sensing technologies, will begin in November 2020. Renesas licensed a new, high-performance CEVA DSP to enable its next-generation automotive System-on-Chip (SoC) (SoC). It is expected that cutting-edge DSPs, coupled with an appropriate software framework and stringent security support, would be essential in the implementation of these complex systems.
By IC Type:
|Market Size||USD 52 Billion|
|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||
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 7.30% 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.