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Global Audio IC Market Size is expected to reach 7.30% CAGR by 2032

Sep 27, 2023 4:45 PM ET

Global Audio IC Market Size is expected to reach 7.30% CAGR by 2032

The global Audio IC Market demonstrates rapid growth in the future. Rising demand across end-user applications would drive the audio IC market growth. Market Research Future (MRFR) confirms that the global Audio IC market value is poised to escalate from USD 28.1 BN in 2022 to USD 52.97 BN by 2032, growing at a 7.30% CAGR during the review period (2023-2032).

Besides, the rising uses of audio ICs in automotive audio, professional audio, smart home, and intelligent & portable device applications substantiate audio IC market revenues. The implementation of reliable voice generation devices in automotive audio systems plays a major role in the market development, maintaining the safety of vehicle occupants and pedestrians. 

The spurring growth in the automotive and consumer electronics industries escalates the audio IC market demand. Over recent years, the increasing proliferation of Advanced Driver Assistance Systems (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. 

Major Players

Leading audio IC market players include.

  • STMicroelectronics
  • Texas Instruments
  • Analog Devices Inc
  • THAT Corporation
  • Maxim Inteagrated
  • Cirrus Logic
  • Infineon
  • AMS AG
  • Microchip
  • NXP Semiconductor
  • New Japan Radio (NJR)
  • ON Semiconductor
  • ROHM Semiconductor
  • Renesas Electronics
  • Tempo Semiconductor

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Global Audio IC Market – Segments

The report is segmented into types, applications, and regions. The type segment is sub-segmented into 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. The application segment is sub-segmented into computers & tablets, phones, headphones, home entertainment systems, automotive, smart home & devices, and wearables. By region, the audio IC market is segmented into the Americas, Europe, APAC, and the rest of the world.

Global Audio IC Market – Regional Analysis 

North America dominates the global audio IC market. The rising technology advancement and increasing demand for consumer electronics, such as computers, smartphones, and others, boost the market size. Besides, the increasing adoption of audio ICs in the automotive and consumer electronics industries drives 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. 

Global Audio IC Market – Competitive Analysis 

Highly competitive, the Audio IC market appears fragmented, with the presence of several well-established players. These players initiate strategies, such as mergers & acquisitions, collaborations, expansion, and product/ technology launches to gain a larger competitive share.

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Industry/ Innovation/ Related News

July 23, 2020 — Qualcomm launched a new chip, the QCC3086, designed primarily for use within third-party dongles and adapters. This innovative hardware aims to bring lag-free gaming audio and more than just smartphones. It allows all smartphone users to leverage low-latency and futuristic audio features by plugging in a USB dongle. The chipset supports latency reduction lower than 20ms, allowing seamless audio streaming and other Snapdragon Sound technologies, including Auracast, for use with phones, laptops, smart televisions, and Qualcomm’s aptX audio codecs.

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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