Global Audio IC Market

Audio IC Market Size, Share, Growth Analysis, By Type(Audio Amplifier, Audio DSP, Audio Codecs, and Microphone IC), By Application(Computer & Tablets, Phones, Headphones, Home Entertainment Systems), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45O2035 | Region: Global | Published Date: April, 2024
Pages: 197 |Tables: 68 |Figures: 75

Audio IC Market Insights

Global Audio IC Market size was valued at USD 27.82 billion in 2022 and is poised to grow from USD 29.80 billion in 2023 to USD 51.62 billion by 2031, growing at a CAGR of 7.11% during the forecast period (2024-2031).

The global market for audio IC is changing rapidly because people want better sound in many types of uses. The part of consumer electronics that includes smartphones, tablets and TVs is very important. More people are focusing on making their music sound truly good because they want to be surrounded by great sounds. Car uses such as entertainment setups inside the car and help tools for drivers (ADAS) have also greatly increased market growth. The increase in smart home gadgets and the wider use of Internet of Things (IoT) technologies make having high-quality sound processing abilities. The way markets work has many things affecting it. They include the constant changes in how we handle sound, putting audio features on devices that can be carried around, and improvements made to digital signal processors (DSPs). Even though the market is growing well, problems like changes in costs for raw materials, making design harder in complex sound systems and following strong rules can hold back future growth. The part-by-part look shows a detailed view, with things like audio ICs that help to amplify or process sound and turn it from analog into digital forms. These action parts play big roles across users.

In different parts of the world, North America, Europe, Asia-Pacific and other areas like Latin America or Middle East/Africa show lots of changes in how people buy things. This is because it's a big business all over the globe. Leading companies in this field are Analog Devices, Texas Instruments, Cirrus Logic and NXP Semiconductors along with Maxim Integrated. Each of them is competing hard for a bigger share by making better products and creating smart plans. Looking forward, the future of Audio IC market looks virtuous. We can expect more improvements in audio tech to keep growth going for a long time. Firms need to work on new things and invent cool solutions. This helps them stay important and ahead of the game in a market that keeps changing all the time.

Market Snapshot - 2024-2031

Global Market Size

USD 27.82 billion

Largest Segment

Audio amplifier

Fastest Growth

Audio DSP

Growth Rate

7.11% CAGR

Global Audio IC Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Audio IC Market Segmental Analysis

The global audio IC market is segmented on the basis of type, application, and region. By type, the market is segmented into audio amplifier, audio DSP, audio codecs and microphone IC. By application, the market is segmented into computer & tablets, phones, headphones, home entertainment systems, automotive, wearables, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis By Type

The largest segment of the audio IC market is the audio amplifier segment. This dominance of this segment is because the use of sound-boosters in many things like smartphones, home entertainment setups and car audio systems has become very common. The more people want better sound and save power, the more they use high-tech audio amps. This makes them important in the market for audio IC chips.

Out of the various kinds of sound chips, Digital Signal Processors (DSPs) stand out as the most rapidly growing segment. The massive increase in people wanting high-level sound tools, especially for things like smart speakers and professional audio gear is making advanced DSPs grow. DSPs can handle complicated audio rules, support extra sound features, and provide a great experience for users. This makes them important in helping to develop new ideas and growth within the Audio IC market.

Analysis By Application

In the space of application, phones are found to be the largest segment for using audio ICs. The very common use of smartphones, along with people wanting better sound quality from their devices, makes audio processing technology more popular. The audio ICs in smartphones have many roles, like making sound louder, improving how well voices can be heard and shrinking data. These combined factors make this part very popular.

The segment that's growing the fastest when it comes to use is wearable items. As more people use small devices like smartwatches and fitness trackers, there's a need for tiny speakers that don't eat up batteries. ICs for sound in wearables not only help play music and talk but also make the overall experience better. As parts get smaller and there's a need for energy-efficient ideas, wearables become a fast-growing market where audio ICs are used.

Global Audio IC Market By Type, 2022 (%)

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Audio IC Market Regional Insights

Asia-Pacific is the largest market seen for audio ICs because of fast growth in consumer electronics markets. This includes places like China, Japan. South Korea, and India. As more smartphones and devices get used in the area, people want better audio. This makes them need high-quality sound systems for things like home entertainment. The increasing car business and the growth of smart structures help make the Asia-Pacific area big in the worldwide Audio IC market.

In the audio IC market, North America is growing fast. The area's strong growth is because of the never-ending improvements in sound tech, and people like to use top quality audio stuff. The adding of sound parts in smart things, growth of home gadgets that are clever and high-quality audio needs help the fast-growing market for Audio IC chips in North America. Furthermore, the big companies and a great environment for new ideas speed up how fast this area is growing.

Global Audio IC Market By Region, 2024-2031
  • Largest
  • Fastest

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Audio IC Market Dynamics

Drivers

Rising Consumer Demand for High-Quality Audio Experiences

  • People are paying more attention to better sound quality in different uses like smartphones, speakers and cars. This is a big reason for audio IC market growth. People want their sound to be deep and clear, making them ask for better Audio ICs that can produce high-quality noise reproduction. This driver is making companies think and improve their sound processing skills to match what today's customer wants.

Integration of Audio Features in Smart Devices

  • The growing use of sound features in many smart things like phones, watches and home appliances is a main factor making the audio IC market grow. As gadgets get more connected and do many things at once, the need for small, power-efficient but packed with features audio IC grows. This trend is going up because of the growth in smart devices, like voice helpers and internet-connected apps. This leads to a wider use of audio ICs across many different businesses.

Restraints

Raw Material Price Fluctuations

  • The audio IC market has problems related to changes in raw material prices, affecting how much it costs and the money they make for business people. Changes in the cost of important parts, like chips and metals needed to make audio ICs, can cause doubts about production costs. Makers need to handle these changes well so they can have fair prices and keep their businesses running for a long time.

Stringent Regulatory Standards

  • Strict rules and things to follow, especially in the area of environment protection laws and safety standards for products can limit growth in the audio IC market. Following world standards and getting certifications makes designing and making products harder. It could raise the time taken to make them, along with costs too. Companies need to spend money on discovering new things and following rules while keeping their products fresh and beating others in the way they sell.

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Audio IC Market Competitive Landscape

The global IC market is characterized by intense rivalry among key players striving to capture a significant market share. Leading providers are consistently engaged in innovation, strategic partnerships, and product advancements to maintain their competitive edge. These industry giants leverage their extensive portfolios to offer a range of products. As the market witnesses rapid innovations, smaller players and startups also contribute by introducing niche solutions and innovative technologies, contributing to the dynamic and ever-evolving competitive dynamics within the market.

Top Player’s Company Profile

  • Analog Devices Inc.
  • Silicon Labs
  • Texas Instruments Incorporated
  • Monolithic Power Systems
  • NXP Semiconductors N.V.
  • Coda Technologies
  • Microsemi Corporation
  • Cirrus Logic Inc.
  • Infineon Technologies AG
  • Realtek Semiconductor Corp.
  • Cree, Inc.
  • Cirrus Logic Inc.
  • Cypress Semiconductor Corporation
  • Max Linear, Inc.
  • Maxim Integrated
  • ROHM Semiconductor
  • Knowles Corporation
  • STMicroelectronics
  • ON Semiconductor
  • Dialog Semiconductor

Recent Developments

  • In May 2022, Nordic announced that it has released nRF5340 audio making kit DK – a fast-use tool for developing Bluetooth LE Audio products. This audio DK nRF5340 contains all things required for a LE development project. Nordic indicated it as a good need and it is compatible with LE Audio and other complex IoT projects.
  • In March 2022, ROHM introduced a D/A converter IC which is named BD34352EKV along with the paired assessment board named BD34352EKV-EVK-001. These both products are for playing higher quality sound supplies in hi-fi audio devices.

Audio IC Key Market Trends

  • Rise of Voice-Activated Devices: The increase of voice-activated gadgets shows a major change in the audio IC market. As more and more homes are using voice assistants and smart speakers, there is a big need for Audio ICs that can handle voice orders well. These chips must also make the sound clear and natural sounding. This pattern goes beyond smart speakers to include devices that use voice, car systems and wearable gadgets also.
  • Advancements in High-Resolution Audio: People now care more about sound quality, so there's a push for better audio. This habit is common in things like smartphones, earbuds, and home entertainment systems where people want better sound experiences. People who make audio chips are answering this challenge by making parts that help sound quality. This includes a better range of sounds and more frequency response, leading to higher-quality music overall.

Audio IC Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global audio IC market analysis, the global market for sound IC is growing fast because people want great audio and use it on many smart gadgets. Big companies like Analog Devices Inc., Texas Instruments and Cirrus Logic are pushing forward new ideas to meet changing trends. These include more use of voice-controlled gadgets and stronger focus on high quality music sound. In Asia-Pacific, the biggest market is seen. But North America grows very fast too because of how quickly things change in this industry. But issues like changes in the cost of raw materials and tough rules make it very clear that planned adjustments are needed for continued success in this busy market. As the industry of Audio ICs grows, people involved need to be flexible. This will help them take advantage of new chances and figure out changing likes from customers as they aim for great technology stuff.

Report Metric Details
Market size value in 2022 USD 27.82 billion
Market size value in 2031 USD 51.62 billion
Growth Rate 7.11%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Audio Amplifier, Audio DSP, Audio Codecs, and Microphone IC
  • Application
    • Computer & Tablets, Phones, Headphones, Home Entertainment Systems, Automotive, Wearables, and Others
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
  • Analog Devices Inc.
  • Silicon Labs
  • Texas Instruments Incorporated
  • Monolithic Power Systems
  • NXP Semiconductors N.V.
  • Coda Technologies
  • Microsemi Corporation
  • Cirrus Logic Inc.
  • Infineon Technologies AG
  • Realtek Semiconductor Corp.
  • Cree, Inc.
  • Cirrus Logic Inc.
  • Cypress Semiconductor Corporation
  • Max Linear, Inc.
  • Maxim Integrated
  • ROHM Semiconductor
  • Knowles Corporation
  • STMicroelectronics
  • ON Semiconductor
  • Dialog Semiconductor
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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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 Audio IC 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
  • 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 Audio IC 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
  • 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
  • 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(%)

Methodology

For the Audio IC 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 Audio IC 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 Audio IC Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Audio IC 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.

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FAQs

Audio IC Market size was valued at USD 27.82 billion in 2022 and is poised to grow from USD 29.80 billion in 2023 to USD 51.62 billion by 2031, growing at a CAGR of 7.11% during the forecast period (2024-2031).

The IC market is characterized by intense rivalry among key players striving to capture a significant market share. Leading providers are consistently engaged in innovation, strategic partnerships, and product advancements to maintain their competitive edge. These industry giants leverage their extensive portfolios to offer a range of products. As the market witnesses rapid innovations, smaller players and startups also contribute by introducing niche solutions and innovative technologies, contributing to the dynamic and ever-evolving competitive dynamics within the market. 'Analog Devices Inc.', 'Silicon Labs', 'Texas Instruments Incorporated', 'Monolithic Power Systems', 'NXP Semiconductors N.V.', 'Coda Technologies', 'Microsemi Corporation', 'Cirrus Logic Inc.', 'Infineon Technologies AG', 'Realtek Semiconductor Corp.', 'Cree, Inc.', 'Cirrus Logic Inc.', 'Cypress Semiconductor Corporation', 'Max Linear, Inc.', 'Maxim Integrated', 'ROHM Semiconductor', 'Knowles Corporation', 'STMicroelectronics', 'ON Semiconductor', 'Dialog Semiconductor'

People are paying more attention to better sound quality in different uses like smartphones, speakers and cars. This is a big reason for audio IC market growth. People want their sound to be deep and clear, making them ask for better Audio ICs that can produce high-quality noise reproduction. This driver is making companies think and improve their sound processing skills to match what today's customer wants.

Rise of Voice-Activated Devices: The increase of voice-activated gadgets shows a major change in the audio IC market. As more and more homes are using voice assistants and smart speakers, there is a big need for Audio ICs that can handle voice orders well. These chips must also make the sound clear and natural sounding. This pattern goes beyond smart speakers to include devices that use voice, car systems and wearable gadgets also.

Asia-Pacific is the largest market seen for audio ICs because of fast growth in consumer electronics markets. This includes places like China, Japan. South Korea, and India. As more smartphones and devices get used in the area, people want better audio. This makes them need high-quality sound systems for things like home entertainment. The increasing car business and the growth of smart structures help make the Asia-Pacific area big in the worldwide Audio IC market.

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Global Audio IC Market

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