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Audio IC Market Insights - Global Analysis and Forecast by 2027
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The global audio IC market is growing rapidly, witnessing the growing demand across end-user applications. Besides, the rising uses of audio ICs in automotive audio, professional audio, smart home, and intelligent & portable devices applications substantiate market growth. Reliable voice generation demand in automotive audio systems plays a major role in the development of the market, maintaining the safety of vehicle occupants and pedestrians.
Resultantly, the spurring growth in the automotive and consumer electronics industries escalates the demand in the market. According to Market Research Future (MRFR), the global Audio IC market is poised to create a valuation of USD 17.52 BN by 2025, growing at 16.1 CAGR throughout the forecast period (2019 – 2025).
The report is segmented into three dynamics;
By Type : 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.
By Application : Automotive Audio, Professional Audio, Smart Home, Smart & Portable Devices, and others.
By Regions : Americas, Europe, APAC, and the Rest-of-the-World.
Highly competitive, the Audio IC market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, these players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product/technology launch.
Players leading the global audio IC market include STMicroelectronics, Texas Instruments, Analog Devices Inc, THAT Corporation, Maxim Integrated, Cirrus Logic, Infineon, AMS AG, Microchip, NXP Semiconductor, New Japan Radio (NJR), ON Semiconductor, ROHM Semiconductor, Renesas Electronics, and Tempo Semiconductor, among others.
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