Audio CODEC Market Size, Trends, Overview, Forecast 2022-2027
The latest research study “Audio CODEC Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the the global audio CODEC market size reached US$ 6.07 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.78 Billion by 2027, exhibiting a growth rate (CAGR) of 4.10% during 2022-2027.
Audio coder-decoder (CODEC) represents a computer-based and integrated circuit (IC) application that compresses and decomposes digital acoustic signals and data streams. Its software-based system implements various algorithms that are used for decoding, encoding, and compressing information. Audio CODEC also exhibits the capability of both digital-to-analog converter (DAC) and analog-to-digital converter (ADC). It aids in reducing the file size without affecting the data quality and storing high-quality signals while utilizing minimum storage space. In addition, audio CODEC enables low noise distortion, has accessible multichannel interfacing properties, and eliminates the bandwidth required to transmit acoustic signals. As a result, this application finds extensive utilization in soundbars, home theaters, automotive infotainment systems, and consumer electronic devices to offer an immersive experience.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Audio CODEC Market Trends and Drivers:
The escalating number of internet users, the rising need for several consumer electronics, such as computers, phones, and tablets, and the emerging trend of the internet of things (IoT)-enabled communication devices are among the primary factors driving the Audio CODEC market. Besides this, the widespread usage of wearable smartwatches, miniaturized electronic devices, wireless headphones, and headsets for entertainment purposes is further augmenting the market growth. Moreover, the elevating requirement for audio CODEC in the residential sector, owing to the expanding construction of smart homes equipped with home theaters to watch over-the-top (OTT) series and stream high-definition (HD) music, is also catalyzing the global market. Apart from this, the incorporation of this application in wireless infotainment systems, on account of the shifting consumer inclination toward premium automobiles with advanced features, is acting as another significant growth-inducing factor. Furthermore, the growing popularity of virtual reality (VR) integrated gaming consoles with high-quality sound, and the launch of various product variants with enhanced features by the leading players are expected to bolster the audio CODEC market in the coming years.
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Audio CODEC Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Analog Devices Inc., Barix, Cirrus Logic Inc., DSP Group Inc., Qualcomm Inc., Realtek Semiconductor Corp., Rohm Co. Ltd, STMicroelectronics and Texas Instruments Inc.
Breakup by Function:
- With DSP
- Without DSP
Breakup by Component:
Breakup by End Use:
- Over-Ear Headphones
- Home Entertainment
- Smart Home
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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