The global audio IC market will exceed US$27 billion-Opportunity Analysis by 2027

Worldwide Audio IC Industry to 2027

In 2019, the global audio IC market was worth 27.72 billion U.S. dollars and is expected to reach 45.57 billion U.S. dollars by 2027, with a compound annual growth rate of 7.09% from 2020 to 2027.

This “Audio IC Market by IC Type and Application: 2020-2027 Global Opportunity Analysis and Industry Forecast” Report has been added to ResearchAndMarkets.com provide.

Audio IC is an electronic device used in audio processors, MEMS microphones, audio amplifiers and subsystems. Various types of audio ICs include audio amplifiers, audio converters, audio DSPs, and audio processors. Audio amplifiers are used in audio systems such as home audio systems, musical instrument systems, speakers, and sound reinforcement.

The purpose of the amplifier is to maximize the vibration of the signal without affecting the frequency or any wavelength, and help improve system efficiency. In addition, a digital sound processor (DSP) is a dedicated microprocessor chip that is widely used in audio signal processing, telecommunications, digital image processing, radar, sonar and voice recognition systems, as well as mobile phones, disk drives and high-definition televisions (HDTV) products.

The increase in the adoption rate of consumer electronic devices and the development of new energy-efficient audio devices with enhanced user experience are driving the growth of the audio IC market. In addition, the increasing penetration of wireless and smart infrastructure and the surge in demand for Hi-Fi audio in commercial activities have driven the market growth. However, the increasing demand for audio SoC and technical failures and problems related to the integration of audio devices are the main constraints of the global audio IC industry. In addition, the increasing demand for in-vehicle media entertainment systems and the development of VR technology are expected to create opportunities for the audio IC industry.

The global audio IC market is segmented according to IC types, applications and regions. According to IC types, the market is divided into audio amplifiers, audio DSPs, audio codecs and microphone ICs. Application areas are divided into computers and tablets, mobile phones, headsets, home entertainment systems, automobiles, smart homes and IoT devices, as well as wearable devices. In terms of regions, we analyzed the audio IC market trends in North America, Europe, Asia Pacific and LAMEA.

Market dynamics

driver

Increasing adoption rate of consumer electronic devices Develop new energy-saving audio equipment with enhanced user experience

The penetration rate of wireless and smart infrastructure continues to increase The surge in demand for HiFi audio in commercial activities

restraint Increased demand for audio SoC

Technical issues related to audio equipment integration opportunity

Increased demand for in-vehicle media entertainment systems The development of VR technology

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