USD 4.03 billion
Global Audio Amplifiers Market Size, Share, Growth Analysis, By Application(Smartphones, Television Sets), By Channels Type(Mono, Two) - Industry Forecast 2024-2031
Report ID:
SQMIG25E2076 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
66 |
Figures:
77
Global Audio Amplifiers Market Insights
Global Audio Amplifiers Market size was valued at USD 4.03 billion in 2022 and is poised to grow from USD 4.26 billion in 2023 to USD 6.69 billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).
One of the key factors propelling the growth of the audio amplifiers market is the increase in popularity of consumer electronics devices across the globe. Rising consumer demand for high-quality audio output, growing use of amplifiers with features like improved stereo imaging and clarity, and use of 3.5mm wired headphones with a +12 dB of zero distortion volume gain all contribute to the market's rapid growth. The growth in demand for traction of in-vehicle infotainment systems and the increase in innovations across advanced and power-efficient electronic products, which are leading automotive applications for driving class D audio amplifier performance, further influence the market. The market for audio amplifiers is also benefited by rising government incentives, urbanisation, digitization, and rising consumer demand for energy-efficient technologies in portable audio devices. Additionally, during the forecast period of 2021 to 2028, market participants will have lucrative prospects due to the penetration of the Internet of Things (IoT) and the integration of an increased number of capabilities with car audio systems.
US Audio Amplifiers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Home Audio Systems
Fastest Growth
Home Audio Systems
Growth Rate
5.8% CAGR
Global Audio Amplifiers Market 2021-2030 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Audio Amplifiers Market Size By Application 2021-2030 ($ Bn)
Global Audio Amplifiers Market Size By Application 2021-2030 (%)
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Global Audio Amplifiers Market Segmental Analysis
Global Audio Amplifiers Market is segmented on the basis of application, channels type, class and region. By application, the market is segmented into smartphones, television sets, home audio systems, desktops & laptops, others. By channel type, the market is segmented into mono, two, four, six, others. by class, the market is segmented into class A, B, AB, D and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Audio Amplifiers Market Analysis by Channels Type
The term "2 channel" describes an amplifier's capacity to drive a subwoofer or to handle LEFT and RIGHT sounds. In order to enhance power, bridging involves combining the left and right channels into a mono output. A stereo pair or a two-channel amp, in simple terms, has left and right outputs and powers two distinct channels to operate combinations like: two component car speakers, two coaxial car speakers, two subwoofers.
The Class D audio amplifiers are expected to be the fastest-growing segment during the forecast period. Class D amplifiers are known for their high efficiency, low power consumption, and small size, making them ideal for use in portable devices such as smartphones and tablets. The increasing demand for portable devices with high-quality audio is expected to drive the growth of this segment.
Global Audio Amplifiers Market Analysis by Application
In 2022, the home audio segment dominated the market for audio amplifiers as a whole. During the forecast period, this trend is anticipated to continue. It can be ascribed to a rise in the digital industry's utilization of BCI-related gear and sensors. The increase in smartphone music streaming to smart speakers is driving up demand for audio amplifiers. Due to the increased demand for portable devices like smart speakers, soundbars, and headphones used in home audio systems, which emit less heat and have longer battery lives, class D architectural amplifiers are now more frequently employed. These devices also provide improved capability for streaming live music and news, setting alarms, and ordering household items.
The audio amplifiers used in smartphones are typically class-D amplifiers, which are known for their efficiency and low power consumption. These amplifiers are small in size and can be integrated into the smartphone's circuit board, making them ideal for use in mobile devices.
Global Audio Amplifiers Market Size By Application2021(%), 2023 (%)
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Global Audio Amplifiers Market Regional Insights
The overwhelming portion of revenue in 2022 came from Asia Pacific. The audio amplifier market is anticipated to develop at the fastest rate in the Asia-Pacific region. The rise of the audio amplifier industry is mostly due to increased consumer disposable income, expanding consumer electronics device usage, thriving infrastructure, and technological innovation in the area. The market in this region is expanding as a result of increased investment in the consumer electronics and automotive industries in Asia Pacific. In addition, Asia Pacific is the home of some of the biggest consumer electronics companies in the world, including Samsung, Panasonic, Toshiba, and LG Electronics. infrastructure growth and the accessibility of cheap labour in emerging countries.
Europe is expected to be the second-largest market for audio amplifiers during the forecast period, with Germany being the largest market in the region. The increasing adoption of portable devices and the growing demand for high-quality audio in automotive and home audio systems are expected to drive the growth of the market in this region. The CAGR for Europe is expected to be around 3% during the forecast period.
Global Audio Amplifiers Market Size By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
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Global Audio Amplifiers Market Dynamics
Global Audio Amplifiers Market Drivers
Rise of the Internet of Things to Bolster Sales of Audio Amplifiers
- The rise of the Internet of Things (IoT) is also contributing to the growth of the global audio amplifier market. As more and more devices become connected to the internet, there is a growing need for audio amplifiers that can support these devices and enable them to communicate with each other.
- The global audio amplifier market is the growing demand for wireless audio products. As consumers become more mobile, they are looking for audio solutions that are portable and easy to use. This has led to the development of wireless audio technologies such as Bluetooth, Wi-Fi, and AirPlay, which require audio amplifiers that can support these wireless protocols.
Global Audio Amplifiers Market Restraints
Compatibility Issues with Audio Equipment to Hinder Market Growth
- Audio amplifiers need to be compatible with various audio equipment, such as speakers, headphones, and audio players. If an audio amplifier is not compatible with the audio equipment, it can affect the overall performance of the audio system, resulting in reduced customer satisfaction.
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Global Audio Amplifiers Market Competitive Landscape
The competitive landscape for the audio amplifiers industry contains information on each competitor. Included information includes a company overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, geographical presence, corporate strengths and weaknesses, product introduction, product width and breadth, and application domination. The data points mentioned above only pertain to the companies' market focus on audio amplifiers.
Top Player’s Company Profiles in Global Audio Amplifiers Market
- NXP Semiconductors N.V. (Netherlands)
- Texas Instruments Inc. (United States)
- Infineon Technologies AG (Germany)
- Analog Devices Inc. (United States)
- STMicroelectronics N.V. (Switzerland)
- Maxim Integrated Products Inc. (United States)
- Cirrus Logic Inc. (United States)
- ON Semiconductor Corp. (United States)
- Yamaha Corp. (Japan)
- Qualcomm Inc. (United States)
- Renesas Electronics Corp. (Japan)
- ROHM Co. Ltd. (Japan)
- Silicon Labs Inc. (United States)
- ICEpower A/S (Denmark)
- ESS Technology Inc. (United States)
- Monolithic Power Systems Inc. (United States)
- Intersil Corp. (United States)
- Atmel Corp. (United States)
- Dialog Semiconductor Plc. (United Kingdom)
- AKM Semiconductor Inc. (Japan)
- Broadcom Inc. (United States)
- Nuvoton Technology Corp. (Taiwan)
Global Audio Amplifiers Market Recent Developments
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July 2023 Three upgraded models of Rotel's popular 14 Series series are available: the A10MKII Integrated Amplifier, the A11MKII Integrated Amplifier, and the CD11MKII CD Player. All three models maintain their critical pricing positions while providing increased resolution and detail thanks to improvements made to key components and circuit structure. The new products closely follow Ken's design philosophy and strive to outperform their predecessors, all the while honoring Ishiwata san's more than 40 years of history in the audio industry.
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July 2023 As part of its continuous effort to revitalize its line of high-end audio equipment, Musical Fidelity has unveiled the Nu-Vista 800.2, its new flagship integrated amplifier. Musical Fidelity said earlier this year that the PRE, PAS, and PAM models under the Nu-Vista range had been introduced, and that the original Nu-Vista 800, which made its debut in 2015, was now prepared for an update in its sequel. The Nu-Vista 800.2 amp's four stereo RCA inputs and one stereo XLR input allow it to handle and accept any type of line-level analogue source. It also features variable and fixed analog output for more extensive system integration. Also, the amp may be used with surround sound systems thanks to its home theater bypass mode.
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Analog Devices (ADI) introduced a new uModule regulator in March 2023 that is intended to provide outstanding performance for applications that are sensitive to noise. Applications requiring accurate and clean power can benefit greatly from the ultra-low noise and ultra-high power supply rejection ratio (PSRR) of the ADI uModule regulator. For systems and devices that are sensitive to noise, this regulator offers an integrated solution that reduces design complexity and delivers higher performance, guaranteeing dependable and effective power delivery.
Global Audio Amplifiers Key Market Trends
- Class-D amplifiers are gaining popularity due to their high efficiency, low power consumption, and compact size. This has led to an increased adoption of Class-D amplifiers in various applications, including consumer electronics, automotive, and industrial. This trend is expected to continue in the coming years, driving the growth of the audio amplifier market.
Global Audio Amplifiers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global audio amplifier market is a rapidly growing industry, driven by the increasing demand for high-quality audio in various applications, such as consumer electronics, automotive, industrial, and professional audio. The market is characterized by intense competition among the key players, who are constantly innovating to stay ahead of the competition. Despite the growth prospects of the market, there are some restraints that need to be addressed. One of the major restraints is the increasing competition from low-cost manufacturers, especially from Asia, which is leading to a price war in the market. This is forcing established players to reduce their prices, which is affecting their profit margins. The rising need for high-quality audio in various applications is likely to propel the expansion of the global market for audio amplifiers in the next few years. Manufacturers need to be aware of the emerging trends in the market and develop strategies to capitalize on them in order to stay competitive and achieve sustainable growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.03 billion |
| Market size value in 2031 | USD 6.69 billion |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Audio Amplifiers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Audio Amplifiers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Audio Amplifiers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Audio Amplifiers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Audio Amplifiers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Audio Amplifiers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Audio Amplifiers Market Report Snapshots
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