Audio Codec Market by Component (Hardware, Software) by Application (Desktop and Laptop, Mobile Phone and Tablet, Music & Media Device and Home Theatre, Television and Gaming Console, Headphone, Headset, and Wearable Devices, Automotive Infotainment) by End-user- Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Published: | Report ID: 2561 | Report Format : PDF

Audio Codec Market Analysis

An audio codec is a piece of hardware or software that encodes or decodes audio. An audio codec is a software-based mechanism for compressing and decompressing digital data streams. The goal of this operation is to reduce the number of bits in an audio file while maintaining its accuracy and quality. It also contributes to a reduction in the need for storage space and transmission bandwidth. Audio codec integrated circuits are used in mobile phones, tablets, vehicles, home theatre systems, PCs, and gaming systems (ICs). The audio codec market was worth US$ 6.2 billion in 2020, and it is expected to be worth US$ 9.0 billion by 2027. Over the forecast period, the market is expected to grow at a CAGR of 5.4%.

Audio Codec Market

The smartphone market has grown significantly in recent years, and this trend is expected to continue in the near future. Audio codecs are one of the most important components used in the manufacture of mobile devices. Audio codecs have an impact on customers who listen to music with headphones, earbuds, or bluetooth speakers. Furthermore, Audio Codecs are widely used to improve audio quality in a variety of applications, including television systems. The demand for televisions is increasing rapidly and significantly. Manufacturers are focusing on adding features to current televisions such as Wi-Fi connectivity, internet access, and cameras with facial recognition technology and recording options. As a result, demand for such cutting-edge equipment is expected to rise. As a result, the Audio codec industry will grow in lockstep with the demand and supply for television sets.

Interesting Facts of Audio Codec Market.

  • The growing number of smartphones is one of the key drivers of the global audio codec market’s expansion
  • The main factors driving market expansion are an increase in population per capita income, an increase in demand for consumer electronics, and the introduction of IoT-enabled products
  • During the forecast period, the audio codec software market is expected to grow at the fastest CAGR
  • The audio codec market for headphones, and wearable devices will grow at the fastest CAGR in 2020
  • Asia Pacific led the market in 2020 and is predicted to remain dominant throughout the forecast period
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COVID-19 Impact

The release of COVID-19 in 2020 slowed the rate of growth in the audio codec market, and the market is expected to grow modestly until the end of 2021. The implementation of partial or total lockdowns in various countries around the world is the primary cause of this slowing of growth. Companies, on the other hand, are dedicated to providing excellent service to their customers while adhering to the rules and regulations established by their respective governments.

Software Segment to Show Exponential Growth Rate

With the increasing global adoption of software embedded devices that offer upgrade flexibility, take up less space, and are more cost effective. Companies such as Qualcomm and Realtek are developing software capabilities to provide cutting-edge data solutions to technologically advanced clients in order to gain a significant market share.

Global Audio Codec Market is Likely to be Ruled by Asia Pacific

Asia Pacific led the market in 2020, and this trend is expected to continue throughout the forecast period. Asia Pacific has emerged as an important manufacturing region for audio codec-enabled consumer devices. China, India, and Japan, to name a few, are major mobile phone manufacturing countries in the region. According to the India Brand Equity Foundation, India will be the world’s third-largest smartphone market by 2020. This is expected to help the region’s market grow.

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Global Audio Codec Market Key Players:

Analog Devices, Cirrus Logic, Maxim Integrated, Qualcomm, Realtek Semiconductor, STMicroelectronics, Texas Instruments, DSP Group, Dolby Laboratories, and Technicolor are among the leading companies. For example: In August 2018, Qualcomm announced the release of “Qualcomm aptX Adaptive,” a next-generation audio codec that enables dynamic next-gen premium wireless audio experiences. Depending on the material and connectivity, this audio codec combines the characteristics of low-latency aptX, aptX, or aptX HD.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Audio Codec Market

3.Market Dynamics& Factors Analysis

3.1.Introduction
3.1.1. Global Audio Codec Market Value, 2015-2027, (US$ Mn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Component
3.3.2.Application
3.3.3.End-user
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Applications
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 3 Players
4.3.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Audio Codec Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Audio Codec Market, by Country, 2015-2027(US$ Mn)
6.1.1.U.S.
6.1.2.Canada
6.2.North America Audio Codec Market, by Component, 2015-2027(US$ Mn)
6.2.1.Overview
6.2.2.Hardware
6.2.3.Software
6.3.North America Audio Codec Market, by Application, 2015-2027(US$ Mn)
6.3.1.Overview
6.3.2.Desktop and Laptop
6.3.3.Mobile Phone and Tablet
6.3.4.Music & Media Device and Home Theatre
6.3.5.Television and Gaming Console
6.3.6.Headphone, Headset, and Wearable Devices
6.3.7.Automotive Infotainment
6.4.North America Audio Codec Market, by End-user, 2015-2027(US$ Mn)
6.4.1.Overview
6.4.2.Consumer Electronics and Wearable Devices
6.4.3.Automotive and Transportation
6.4.4.Building Automation
6.4.5.Industrial
6.4.6.Healthcare
6.4.7.IT and Telecom
6.4.8.Energy and Utilities
6.4.9.Aerospace and Defense
6.4.10.Others

7.Europe

7.1.Europe Audio Codec Market, by Country, 2015-2027(US$ Mn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Rest of Europe
7.2.Europe Audio Codec Market, by Component, 2015-2027(US$ Mn)
7.2.1.Overview
7.2.2.Hardware
7.2.3.Software
7.3.Europe Audio Codec Market, by Application, 2015-2027(US$ Mn)
7.3.1.Overview
7.3.2.Desktop and Laptop
7.3.3.Mobile Phone and Tablet
7.3.4.Music & Media Device and Home Theatre
7.3.5.Television and Gaming Console
7.3.6.Headphone, Headset, and Wearable Devices
7.3.7.Automotive Infotainment
7.4.Europe Audio Codec Market, by End-user, 2015-2027(US$ Mn)
7.4.1.Overview
7.4.2.Consumer Electronics and Wearable Devices
7.4.3.Automotive and Transportation
7.4.4.Building Automation
7.4.5.Industrial
7.4.6.Healthcare
7.4.7.IT and Telecom
7.4.8.Energy and Utilities
7.4.9.Aerospace and Defense
7.4.10.Others

8.Asia Pacific

8.1.Asia Pacific Audio Codec Market, by Country, 2015-2027(US$ Mn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.Rest of Asia Pacific
8.2.Asia Pacific Audio Codec Market, by Component, 2015-2027(US$ Mn)
8.2.1.Overview
8.2.2.Hardware
8.2.3.Software
8.3.Asia Pacific Audio Codec Market, by Application, 2015-2027(US$ Mn)
8.3.1.Overview
8.3.2.Desktop and Laptop
8.3.3.Mobile Phone and Tablet
8.3.4.Music & Media Device and Home Theatre
8.3.5.Television and Gaming Console
8.3.6.Headphone, Headset, and Wearable Devices
8.3.7.Automotive Infotainment
8.4.Asia Pacific Audio Codec Market, by End-user, 2015-2027(US$ Mn)
8.4.1.Overview
8.4.2.Consumer Electronics and Wearable Devices
8.4.3.Automotive and Transportation
8.4.4.Building Automation
8.4.5.Industrial
8.4.6.Healthcare
8.4.7.IT and Telecom
8.4.8.Energy and Utilities
8.4.9.Aerospace and Defense
8.4.10.Others

9.Latin America

9.1.Latin America Audio Codec Market, by Country, 2015-2027(US$ Mn)
9.1.1.Brazil
9.1.2.Mexico
9.1.3.Argentina
9.1.4.Rest of Latin America
9.2.Latin America Audio Codec Market, by Component, 2015-2027(US$ Mn)
9.2.1.Overview
9.2.2.Hardware
9.2.3.Software
9.3.Latin America Audio Codec Market, by Application, 2015-2027(US$ Mn)
9.3.1.Overview
9.3.2.Desktop and Laptop
9.3.3.Mobile Phone and Tablet
9.3.4.Music & Media Device and Home Theatre
9.3.5.Television and Gaming Console
9.3.6.Headphone, Headset, and Wearable Devices
9.3.7.Automotive Infotainment
9.4.Latin America Audio Codec Market, by End-user, 2015-2027(US$ Mn)
9.4.1.Overview
9.4.2.Consumer Electronics and Wearable Devices
9.4.3.Automotive and Transportation
9.4.4.Building Automation
9.4.5.Industrial
9.4.6.Healthcare
9.4.7.IT and Telecom
9.4.8.Energy and Utilities
9.4.9.Aerospace and Defense
9.4.10.Others

10.Middle East

10.1.Middle East Audio Codec Market, by Country, 2015-2027(US$ Mn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Rest of Middle East
10.2.Middle EastAudio Codec Market, by Component, 2015-2027(US$ Mn)
10.2.1.Overview
10.2.2.Hardware
10.2.3.Software
10.3.Middle EastAudio Codec Market, by Application, 2015-2027(US$ Mn)
10.3.1.Overview
10.3.2.Desktop and Laptop
10.3.3.Mobile Phone and Tablet
10.3.4.Music & Media Device and Home Theatre
10.3.5.Television and Gaming Console
10.3.6.Headphone, Headset, and Wearable Devices
10.3.7.Automotive Infotainment
10.4.Middle East Audio Codec Market, by End-user, 2015-2027(US$ Mn)
10.4.1.Overview
10.4.2.Consumer Electronics and Wearable Devices
10.4.3.Automotive and Transportation
10.4.4.Building Automation
10.4.5.Industrial
10.4.6.Healthcare
10.4.7.IT and Telecom
10.4.8.Energy and Utilities
10.4.9.Aerospace and Defense
10.4.10.Others

11.Africa

11.1.Africa Audio Codec Market, by Country, 2015-2027(US$ Mn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Latin America Audio Codec Market, by Component, 2015-2027(US$ Mn)
11.2.1.Overview
11.2.2.Hardware
11.2.3.Software
11.3.Latin America Audio Codec Market, by Application, 2015-2027(US$ Mn)
11.3.1.Overview
11.3.2.Desktop and Laptop
11.3.3.Mobile Phone and Tablet
11.3.4.Music & Media Device and Home Theatre
11.3.5.Television and Gaming Console
11.3.6.Headphone, Headset, and Wearable Devices
11.3.7.Automotive Infotainment
11.4.Latin America Audio Codec Market, by End-user, 2015-2027(US$ Mn)
11.4.1.Overview
11.4.2.Consumer Electronics and Wearable Devices
11.4.3.Automotive and Transportation
11.4.4.Building Automation
11.4.5.Industrial
11.4.6.Healthcare
11.4.7.IT and Telecom
11.4.8.Energy and Utilities
11.4.9.Aerospace and Defense
11.4.10.Others

12.Global

12.1.Global Audio Codec Market, by Component, 2015-2027(US$ Mn)
12.1.1.Overview
12.1.2.Hardware
12.1.3.Software
12.2.Global Audio Codec Market, by Application, 2015-2027(US$ Mn)
12.2.1.Overview
12.2.2.Desktop and Laptop
12.2.3.Mobile Phone and Tablet
12.2.4.Music & Media Device and Home Theatre
12.2.5.Television and Gaming Console
12.2.6.Headphone, Headset, and Wearable Devices
12.2.7.Automotive Infotainment
12.3.Global Audio Codec Market, by End-user, 2015-2027(US$ Mn)
12.3.1.Overview
12.3.2.Consumer Electronics and Wearable Devices
12.3.3.Automotive and Transportation
12.3.4.Building Automation
12.3.5.Industrial
12.3.6.Healthcare
12.3.7.IT and Telecom
12.3.8.Energy and Utilities
12.3.9.Aerospace and Defense
12.3.10.Others

13.Company Profiles

13.1.Analog Devices
13.2.Cirrus Logic
13.3.Maxim Integrated
13.4.Qualcomm
13.5.Realtek Semiconductor
13.6.STMicroelectronics
13.7.Texas Instruments
13.8.DSP Group
13.9.Dolby Laboratories
13.10.Technicolor

List of Figures

FIG. 1 Global Audio Codecs Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Audio Codecs Market Segmentation

FIG. 4 Global Audio Codecs Market, by Component, 2019(US$ Mn)

FIG. 5 Global Audio Codecs Market, by Application, 2019(US$ Mn)

FIG. 6 Global Audio Codecs Market, by End-User, 2019(US$ Mn)

FIG. 7 Global Audio Codecs Market, by Geography, 2019(US$ Mn)

FIG. 8 Attractive Investment Proposition, by Geography, 2019

FIG. 9 Global Market Positioning of Key Audio Codecs Market Companies, 2019

FIG. 10 Global Audio Codecs Market Value Contribution, By Application, 2020 & 2027 (Value %)

FIG. 11 North AmericaAudio Codecs Market, 2015-2027(US$ Mn)

FIG. 12 EuropeAudio Codecs Market, 2015-2027(US$ Mn)

FIG. 13 Asia PacificAudio Codecs Market, 2015-2027(US$ Mn)

FIG. 14 Middle EastAudio Codecs Market, 2015-2027 (US$ Mn)

FIG. 15 AfricaAudio Codecs Market, 2015-2027 (US$ Mn)

FIG. 16 U.S. Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 17 CanadaAudio Codecs Market, 2015-2027(US$ Mn)

FIG. 18 U.K. Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 19 Germany Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 20 FranceAudio Codecs Market, 2015-2027(US$ Mn)

FIG. 21 Italy Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 22 Russia Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 23 Spain Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 24 Rest of Europe Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 25 China Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 26 Japan Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 27 South Korea Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 28 India Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 29 Australia Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 30 Rest of Asia Pacific Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 31 Brazil Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 32 Mexico Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 33 Argentina Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 34 Rest of Latin America Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 35 UAE Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 36 KSAAudio Codecs Market, 2015-2027(US$ Mn)

FIG. 37 Israel Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 38 Rest of Middle East Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 39 South Africa Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 40 Egypt Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 41 Nigeria Audio Codecs Market, 2015-2027(US$ Mn)

FIG. 42 Rest of Africa Audio Codecs Market, 2015-2027(US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Audio Codecs Market

TABLE 2 Global Audio Codecs Market, by Component, 2015-2027 (US$ Mn)

TABLE 3 Global Audio Codecs Market, by Application, 2015-2027 (US$ Mn)

TABLE 4 Global Audio Codecs Market, by End-User, 2015-2027 (US$ Mn)

TABLE 5 Global Audio Codecs Market, by Geography, 2015-2027 (US$ Mn)

TABLE 6 North America Audio Codecs Market, by Component, 2015-2027 (US$ Mn)

TABLE 7 North America Audio Codecs Market, by Application, 2015-2027 (US$ Mn)

TABLE 8 North America Audio Codecs Market, by End-User, 2015-2027 (US$ Mn)

TABLE 9 North America Audio Codecs Market, by Country, 2015-2027 (US$ Mn)

TABLE 10 Europe Audio Codecs Market, by Component, 2015-2027 (US$ Mn)

TABLE 11 Europe Audio Codecs Market, by Application, 2015-2027 (US$ Mn)

TABLE 12 Europe Audio Codecs Market, by End-User, 2015-2027 (US$ Mn)

TABLE 13 Europe Audio Codecs Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 14 Asia Pacific Audio Codecs Market, by Component, 2015-2027 (US$ Mn)

TABLE 15 Europe Audio Codecs Market, by Application, 2015-2027 (US$ Mn)

TABLE 16 Europe Audio Codecs Market, by End-User, 2015-2027 (US$ Mn)

TABLE 17 Asia Pacific Audio Codecs Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 18 Latin America Audio Codecs Market, by Component, 2015-2027 (US$ Mn)

TABLE 19 Latin America Audio Codecs Market, by Application, 2015-2027 (US$ Mn)

TABLE 20 Latin America Audio Codecs Market, by End-User, 2015-2027 (US$ Mn)

TABLE 21 Latin America Audio Codecs Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 22 Middle East Audio Codecs Market, by Component, 2015-2027 (US$ Mn)

TABLE 23 Middle East Audio Codecs Market, by Application, 2015-2027 (US$ Mn)

TABLE 24 Middle East Audio Codecs Market, by End-User, 2015-2027 (US$ Mn)

TABLE 25 Middle East Audio Codecs Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 26 Africa Audio Codecs Market, by Component, 2015-2027 (US$ Mn)

TABLE 27 Africa Audio Codecs Market, by Application, 2015-2027 (US$ Mn)

TABLE 28 Africa Audio Codecs Market, by End-User, 2015-2027 (US$ Mn)

TABLE 29 Africa Audio Codecs Market, by Country/Region, 2015-2027 (US$ Mn)

Frequently asked questions

What is the current size of the global audio codec market?

The audio codecs market is expected to grow at a CAGR of 5.4% from 2021 to 2027, from US$ 6.2 billion in 2020 to US$ 9.0 billion in 2027.

What are the major opportunities in Audio Codec industry?

Increasing adoption of android set-top boxes and video-on-demand services, growing demand for entertainment in passenger vehicles is one of the market’s major opportunities.

What is major growth driving factor for Audio Codec industry?

Increased internet penetration and data traffic, as well as increased use of IoT-enabled connected products by ordinary consumers, are some of the market’s driving factors.

Which region is expected to have the largest share of the Audio Codec market?

Due to the region’s diverse manufacturing capabilities, Asia Pacific is expected to have the largest market share during the forecast period.

Which application will grow with highest CAGR in the Audio Codec market?

The segment for headphones, and wearable devices is expected to grow the fastest in the audio codec sector.

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