Global Audio Codec Market

Global Audio Codec Market Size, Share, Growth Analysis, By Component(Hardware, Software), By Application(Desktop and Laptop, Mobile Phone and Tablet) - Industry Forecast 2024-2031

Report ID: SQMIG45I2188 | Region: Global | Published Date: April, 2024
Pages: 194 | Tables: 68 | Figures: 80

To request a free sample copy of this report, please complete the form below.
What people say about us!

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

logos logos logos logos logos
Analyst Support
$5,300
BUY NOW
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Audio Codec Market size was valued at USD 11.39 billion in 2022 and is poised to grow from USD 11.9 billion in 2023 to USD 16.93 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

Audio codec providers can target the growing popularity of wearable devices to create a new steady stream of revenue for their business. Companies can also focus on creating standard audio codecs that are compatible with all kinds of devices and products to improve application scope. Audio codec market players can also work closely with audio device manufacturers to create specific codecs that are custom-made for different brands ensuring their signature quality. 'Dolby Laboratories Inc.', 'NXP Semiconductors N.V.', 'Maxim Integrated Products Inc.', 'Silicon Laboratories Inc.', 'DSP Group Inc.', 'Intersil Corporation', 'Qualcomm Technologies Inc.', 'Marvell Technology Group Ltd.', 'Toshiba Electronic Devices & Storage Corporation', 'Xilinx Inc.', 'Fraunhofer IIS', 'Texas Instruments Inc.', 'AKM Semiconductor Inc.', 'ESS Technology Inc.', 'Knowles Corporation', 'Microsemi Corporation', 'Cirrus Logic Inc.', 'Analog Devices Inc.', 'Nordic Semiconductor ASA', 'On Semiconductor', 'AAC Technologies Holdings Inc.', 'Realtek Semiconductor Corp.', 'STMicroelectronics', 'Synopsys Inc.', 'Renesas Electronics Corporation'

Consumer electronics sales have increased rapidly in recent years and this trend is slated to be continued in the future as well. High demand for better quality audio in these consumer electronics is slated to benefit sales of audio codec in the future.

North America is estimated to account for a dominant stance in the global audio codec marketplace. Increasing willingness of consumers to spend more for high-quality audio products and the presence of key audio codec providers allow this region to hold sway over others. The United States is estimated to spearhead the demand for audio codec in North America followed by Canada. Rapid adoption of IoT and growing acceptance of advanced audio formats are also slated to create new opportunities for audio codec providers in the future.

Related Reports

Speaker Market
Buy Now GET FREE SAMPLE
Global Cables and Connector Market
Buy Now GET FREE SAMPLE
Aerial Imaging Market
Buy Now GET FREE SAMPLE
Global Tape Storage Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Audio Codec Market

Product ID: SQMIG45I2188

$5,300
BUY NOW