Global Audio IC Market - Overview
The global Audio IC Market is growing rapidly,
witnessing the growing demand across end-user applications. Besides, the rising
uses of audio ICs in automotive audio, professional audio, smart home, and
intelligent & portable devices applications substantiate market growth. Reliable
voice generation demand in automotive audio systems plays a major role in the
development of the market, maintaining the safety of vehicle occupants and
pedestrians.
Resultantly, the spurring growth in the automotive
and consumer electronics industries escalates the demand in the market.
According to Market Research Future (MRFR), the global Audio IC market is
poised to create a valuation of USD 17.52 BN by 2025, growing at 16.1 CAGR
throughout the forecast period (2019 – 2025).
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8624
The market was valued at USD 6.31 Billion in 2018.
Over recent years, the increasing proliferation of Advanced Driver Assistance
System (ADAS) and other safety systems designed to notify vehicle drivers about
the operation and surrounding environment prompts auto manufacturers to develop
efficient audio systems that utilize voice and sound effects to issue warnings
and alerts.
Miniaturization of components, alongside the rapid
developments in connected devices and IoT technology, has facilitated the
integration of audio ICs in many industrial applications. These compact size
components also offer greater assistance to transform analog to digital designs
and provide improved flexibility with higher efficiency for consumer
electronics and wearable devices.
The miniaturization of components that have
increased the demand for integrated power for application-specific processors
and subsystems boosts the market sales. Conversely, the high cost required for
intricate audio IC design is the key factors projected to impede the market
growth. Nevertheless, the rising need for low energy consumption
high-performance solutions with high-power density would support the market
growth throughout the assessment period.
Global Audio IC Market - Segments
The report is segmented into three dynamics;
By Type :
Audio Amplifiers (Audio Line Drivers & Receivers, Volume Control IC,
Speaker Amplifier, others), Audio DSPs, Audio Converters (Audio DAC, Audio ADC,
others), Audio Processors, Microphone Preamplifiers, and others.
By Application: Automotive Audio, Professional
Audio, Smart Home, Smart & Portable Devices, and others.
By Regions : Americas, Europe, APAC, and the
Rest-of-the-World.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/audio-ic-market-8624
Regional Analysis
North America dominates the global audio IC market.
The largest market share is attributed to the rising technology advancement and
increasing demand for consumer electronics devices such as computers,
smartphones, and others. Besides, the increasing adoption of audio ICs in the
automotive and consumer electronics industries drives the growth of the market.
Moreover, the strong presence of notable audio IC manufacturers, such as Texas
Instruments and Analog Devices, plays a crucial role in market development.
Increasing adoption and implementation of audio ICs
across the industry verticals increase the audio IC market size. The US holds
the key share in the regional market due to its rapidly growing audio IC
market. Also, the proliferating automotive industry in the region fuels the
demand for audio ICs. The North American audio IC market is projected to retain
its dominance throughout the estimated period.
Europe stands second in the global audio IC market.
The market growth is driven by the presence of the well- established automotive
and electronic industry in the region. Additionally, increased investments by
audio amplifiers, DSPs, and converters companies substantiate the market demand
Innovation in the ICT segment plays a significant role in the growth of the
market.
Furthermore, substantial R&D investments by the
existing industry players to drive product and technology developments fuel the
regional market growth. Simultaneously, Substantial investments by notable
automotive OEMs to incorporate smart & portable devices influence the
growth of the regional market. The European audio IC market is estimated to
create a substantial revenue pocket during the forecast period.
The Asia Pacific region holds a sizable share in the
global audio IC market. Factors such as the rising technological upgrades and
adoption of audio ICs across automotive and consumer electronics sectors foster
the regional market growth. Moreover, the increasing advances in remote sensing
technologies and the burgeoning automotive industry in the region propel the
sales in the market.
Besides, spurring demand from the automotive sector
in the region fuel the growth of the market. Furthermore, increased R&D
activities and the rapid economic growth in the region fuel market growth. The
APAC audio IC market is estimated to grow at a significant pace during the
assessment period.
Global Audio IC Market - Competitive
Analysis
Highly competitive, the Audio IC market appears
fragmented due to the presence of several well-established players. To gain a
larger competitive share, these players incorporate strategic initiatives such
as mergers & acquisitions, collaborations, expansion, and product/
technology launch.
Major Players:
Players leading the global audio IC market include
STMicroelectronics, Texas Instruments, Analog Devices Inc, THAT Corporation,
Maxim Integrated, Cirrus Logic, Infineon, AMS AG, Microchip, NXP Semiconductor,
New Japan Radio (NJR), ON Semiconductor, ROHM Semiconductor, Renesas
Electronics, and Tempo Semiconductor, among others.
Industry/ Innovation/ Related News
July 23, 2020 ----- Lapis Semiconductor Co. Ltd.
(Japan), a leading manufacturer of semiconductor components, launched the
automotive speech synthesis ICs and ML2253x series, optimized for audible
notifications and sound effects in ADAS and AVAS (Acoustic Vehicle Alerting
System).
LAPIS Semiconductor’s new product improves quality
by detecting audio defects using a playback anomaly function and facilitates
system configuration while simplifying the main MCU software design. This
simplifies to detect playback anomalies such as skipping, contributing to
further improvement in the quality of automotive audio output systems.
Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=8624
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment