Audio Codec
The Audio Codec Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Audio Codec Market Size and Projected Growth Rate?
The Audio Codec Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Audio Codec Market Size and Projected Growth Rate?
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What Are the Major Segments in the Audio Codec Market?
The audio codec market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Function: With Dedicated Digital Signal Processor (DSP), Without Dedicated Digital Signal Processor (DSP)
3) By Application: Desktop And Laptop, Mobile Phone And Tablet, Music And Media Device And Home Theatre, Television And Gaming Console, Headphone, Headset, And Wearable Devices, Automotive Infotainment
Subsegments:
1) By Hardware: Integrated Circuits (ICs), Digital-To-Analog Converters (DACs), Analog-To-Digital Converters (ADCs), Microcontrollers, Audio Processors
2) By Software: Audio Processing Software, Codec Libraries, Firmware, Application Software
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What Are The Driving Audio Codec Market Evolution?
The expansion of the audio codec market is anticipated to be fueled by a surge in smartphone usage. A smartphone is a multifunctional device that blends the operations of a typical mobile phone with the functionalities of a computer. As smartphones have turned into the main device for streaming media, the demand for codecs that can deliver high-quality audio without increasing the file size has grown. Audio codecs are also essential for Voice over Internet Protocol (VoIP) and smartphone video calling applications in order to ensure clear voice transmission. For example, in February 2023, data from Uswitch Limited, a UK-based financial conduct authority, indicated that there were 71.8 million mobile connections in the UK in 2022, an increase of approximately 2.6 million (or 3.8%) from 2021. The UK’s population is projected to reach approximately 68.3 million by 2025, with an estimated 95% (about 65 million people) owning a smartphone. As such, the uptick in smartphone adoption is spurring the growth of the audio codec market.
Which Firms Dominate The Audio Codec Market Segments?
Major companies operating in the audio codec market include Apple Inc., AT&T Inc., Qualcomm Incorporated, Texas Instruments Incorporated, STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, ROHM Co. Ltd., Realtek Semiconductor Corp., Microsemi Corporation, Cirrus Logic Inc., Dolby Laboratories Inc., Xilinx Inc., Harmonic Inc., Nordic Semiconductor ASA, DSP Group Inc., Toshiba Electronic Devices & Storage Corporation, AKM Semiconductor Inc., CML Microcircuits, Audio-Technica Corp., VisualOn Inc., Savitech Corp., Tieline Technology
What Trends Are Expected to Dominate the Audio Codec Market in the Next 5 Years?
The key players in the audio codec market are concentrating on product innovation such as true-lossless audio codecs to improve audio quality and streaming effectiveness. An authentic lossless audio codec is an audio compression technology that enables flawless reconstruction of the original audio content without any quality degradation. For example, in October 2024, US technology company Honeywell introduced the Honeywell Aviator Hi-Fi speaker, a high-end audio device that merges cutting-edge technology with a lavish design to attract both audiophiles and fashion-conscious consumers. This high-quality audio product showcases a True-Lossless Audio Codec that guarantees extraordinary audio clarity, delivering a strong 240-watt output. With Bluetooth V5.3 connectivity that extends to a 30-meter radius, it enables continuous streaming and includes USB Type-C and Lightning options for superior audio transmission. The speaker offers an easy switch between various audio inputs and has ambient lighting for an elevated listening experience.
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Which Is The Largest Region In The Audio Codec Market?
Asia-Pacific was the largest region in the audio codec market in 2024. North America is expected to be the fastest-growing region in the audio codec market report during the forecast period. The regions covered in the audio codec market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Audio Codec Market?
2. What is the CAGR expected in the Audio Codec Market?
3. What Are the Key Innovations Transforming the Audio Codec Industry?
4. Which Region Is Leading the Audio Codec Market?
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