NEW YORK, June 28,
2024 /PRNewswire/ -- The global audio driver
IC market size is estimated to grow by USD 4.89 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of 19.94%
during the forecast period. Increasing penetration of smart
devices is driving market growth, with a trend
towards popularity of wireless streaming of audio content.
However, increasing competition among vendors poses a
challenge. Key market players include ams OSRAM AG, Analog Devices
Inc., Asahi Kasei Microdevices Corp., Bang and Olufsen Group,
Cirrus Logic Inc., ESS Technology Inc., Infineon Technologies AG,
Monolithic Power Systems Inc., NXP Semiconductors NV, ON
Semiconductor Corp., Princeton Technology Corp., Qualcomm Inc.,
Realtek Semiconductor Corp., Renesas Electronics Corp., ROHM Co.
Ltd., Silicon Laboratories Inc., STMicroelectronics International
N.V., Synaptics Inc., Texas Instruments Inc., and Toshiba
Corp..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Consumer
electronics, Telecommunication, and Automotive), Type (Mono
channel, 2-channel, 4-channel, and 6-channel), and Geography (APAC,
North America, Europe, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
ams OSRAM AG, Analog
Devices Inc., Asahi Kasei Microdevices Corp., Bang and Olufsen
Group, Cirrus Logic Inc., ESS Technology Inc., Infineon
Technologies AG, Monolithic Power Systems Inc., NXP Semiconductors
NV, ON Semiconductor Corp., Princeton Technology Corp., Qualcomm
Inc., Realtek Semiconductor Corp., Renesas Electronics Corp., ROHM
Co. Ltd., Silicon Laboratories Inc., STMicroelectronics
International N.V., Synaptics Inc., Texas Instruments Inc., and
Toshiba Corp.
|
Key Market Trends Fueling Growth
The audio driver IC market has experienced significant growth
due to the adoption of wireless technology. These components enable
the transmission of data, including multimedia content, and sound
signals from devices to wireless headphones. Apple Inc.'s decision
to remove the headphone jack from smartphones is anticipated to
boost demand for audio driver ICs. Key features, such as noise
filtering, long-distance operations, multitasking, high-quality
audio, and reliability, make audio driver ICs a preferred choice
for consumers.
The Audio Driver IC market is experiencing significant growth
due to the increasing demand for high-quality audio systems in
various applications. Smartphones, computers, and home theaters are
some of the major sectors driving this trend. Advanced features
such as surround sound, noise cancellation, and voice recognition
are becoming increasingly popular. Devices are also becoming more
compact and power-efficient, making them more accessible to
consumers. Companies are investing in R&D to develop more
advanced and cost-effective solutions. The market is expected to
continue growing in the coming years.
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Market Challenges
- The audio driver IC market is experiencing heightened
competition due to an influx of new vendors, particularly from
APAC. While technological expertise is not a significant barrier to
entry, this increased competition is leading to price wars. Vendors
are striving to offer competitive prices for audio driver ICs,
resulting in a downward trend in average selling prices. This price
pressure is negatively impacting revenue growth for vendors and,
consequently, the market expansion rate during the forecast period.
Global players like Microchip Technology, Synaptic, and Cypress
Semiconductor face competition from companies such as Analog
Devices and Infineon Technologies.
- The Audio Driver IC market faces several challenges in its
development. Devices require high-quality audio output, driving the
need for advanced ICs. However, integrating these ICs into various
systems can be complex, especially with the increasing use of
multiple audio formats. Compatibility issues between different ICs
and operating systems also pose a challenge. Additionally, the
market is competitive, with numerous players vying for market
share. Cost pressure from consumers and the need for continuous
innovation further complicate matters. Procurement processes can
also be lengthy and complex, adding to the challenges. Despite
these hurdles, the Audio Driver IC market continues to grow, driven
by consumer demand for better audio experiences.
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challenges - Download a Sample Report
Segment Overview
This audio driver ic market report extensively covers market
segmentation by
- Application
- 1.1 Consumer electronics
- 1.2 Telecommunication
- 1.3 Automotive
- Type
- 2.1 Mono channel
- 2.2 2-channel
- 2.3 4-channel
- 2.4 6-channel
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Consumer electronics- The global audio driver IC
market is experiencing significant growth due to the increasing
popularity of smart consumer electronics. Audio amplifiers are
essential components in these devices, including headphones,
televisions, mobile phones, and home theater systems. Manufacturers
prioritize user-friendly designs and consumer demands, leading to a
surge in demand for advanced audio amplifiers. This trend is driven
by technological advancements and rising disposable income, fueling
the expansion of the consumer electronics sector.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Audio IC market encompasses the design, development, and
production of integrated circuits (ICs) specifically engineered for
audio applications. These ICs are integral to various devices,
including smartphones, tablets, music players, and portable
multimedia devices. In the realm of entertainment setups, they are
employed in smart speakers, high-definition audio systems, and even
automotive applications. Energy efficiency and device
miniaturization are key considerations in the market, leading to
the development of energy-efficient audio devices and the
integration of audio ICs into smart home gadgets. The audio IC
market caters to both the professional audio industry and consumer
electronics, with applications ranging from amplification and sound
processing to high-quality audio solutions in virtual and augmented
reality systems.
Market Research Overview
The Audio Driver IC market encompasses the production and supply
of integrated circuits (ICs) specifically designed for audio
applications. These ICs enable devices to generate, process, and
output sound. They are integral components in various electronic
systems, including smartphones, computers, tablets, and home
entertainment systems. The market for audio driver ICs is driven by
the increasing demand for high-quality audio in consumer
electronics. Additionally, advancements in technology, such as
Bluetooth audio and voice recognition, are fueling growth in this
sector. Applications for audio driver ICs range from simple beep
tones to complex multi-channel surround sound systems. The market
is expected to continue expanding as technology evolves and
consumer expectations for audio quality rise.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Consumer Electronics
- Telecommunication
- Automotive
- Type
-
- Mono Channel
- 2-channel
- 4-channel
- 6-channel
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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