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Pulished Date November, 2021
ID: 12413
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Audio CODEC Market Segmentation by Component (Hardware and Software); By Function (With DSP and Without DSP); By Application (Mobile Phones & Tablets, Laptops & Computers, Television, Home devices, Wearable devices, Automotive, and Others) - Demand Analysis & Opportunity Outlook 2026

Pulished: November, 2021
ID: 12413
Pages: 175

Audio CODEC Market Size, Growth, Trends & Forecast (2021 - 2026)

An audio codec is a programme or a device that uses an algorithm to decode and encode digital-analogue signals. It is used to minimise the number of bits in an audio file while retaining accuracy and consistency, as well as saving space. Audio codecs are made up of two parts: hardware and software. An audio codec's hardware component is responsible for converting analogue to digital and digital to analogue signals, while the software component is responsible for compressing and decompressing digital audio signals.

Lossless codecs compress and decompress files without sacrificing quality, whereas lossy codecs do so while discarding some data to facilitate transmission. Artificial intelligence and machine learning are increasingly being used in automobiles, computers, smartphones, tablets, smartwatches, and other electronic devices, as is the use of IoT-enabled devices. Manufacturers are developing high-quality, flexible, small-size, and cost-effective audio codecs to meet evolving client expectations.

Audio CODEC Market Recent Developments

Dolby Laboratories has partnered up with engineer Derek 'MixedByAli' Ali and his Los Angeles-based music-tech business EngineEars to deliver Dolby Atmos training programmes and resources to the platform. Kendrick Lamar, Roddy Ricch, SZA, Summer Walker, and the late Nipsey Hussle have all contributed to Ali's discography.

DSP Group, an Israeli-founded voice and wireless chipset solutions supplier, has been bought by Synaptics, a US electronic hardware company, according to an agreement signed and confirmed by both companies boards of directors in August 2021. The contract sum was estimated to be around $600 million.

Realtek Semiconductor, a Taiwan-based networking chip vendor, expects its shipping growth momentum to continue into the first half of 2022 after achieving strong revenue and profit gains in the third quarter of 2021.    

Crypto Quantique has joined the STMicroelectronics Partner Program, enabling its QuarkLink global IoT security management platform to work with the STM32 microcontroller family and STSAFE secure components.

Audio CODEC Market Drivers

The rapid rise of the global audio codec market is related to the quickly expanding demand for smartphones, tablets, and other mobile devices. The expansion of the worldwide audio codec market is being aided by the rising population and increasing disposable income of the people, as well as the availability of low-cost mobile devices. Technology advancements and increased internet penetration are two aspects that are positively impacting the global audio codec industry.

Audio CODEC Market Restraints

In terms of component size optimization in audio codec devices, the market's major manufacturers are constantly in conflict. The use of optical media goods is gradually reducing as a result of technological improvements, which hinders the global audio codec market's growth.

Audio CODEC Market Segmentation

Component: The market is segmented into Hardware and Software.

The software category is predicted to grow at a profitable rate during the projection period, because of an increase in the usage of software embedded devices, which take up less space, are easy to upgrade, and are also cost-effective.

Function: The market is segmented into Without DSP and With DSP.

In terms of revenue, the segment without DSP dominated the market in 2020, and this trend is likely to continue during the forecast period.

Application: The market is segmented into Mobile Phones & Tablets, Laptops & Computers, Television, Home devices, Wearable devices, Automotive, and Others.

Wearables such as smartwatches, wireless headphones, and smartwatches are becoming increasingly popular due to their compact size, low cost, and ease of use. Furthermore, the integration of these devices with IoT and machine intelligence has enabled individuals to buy them for communication and entertainment.

Audio CODEC Market Regional Analysis

APAC will have rapid expansion over the projection period, which can be due to the region's rapid technological advancements. Over the projection years of 2021 to 2026, the Asia-Pacific audio codec market is expected to grow at a CAGR of 6.09 per cent. Furthermore, the market's expansion is aided by the existence of a large number of important competitors and increased demand for IoT-based products. Due to the region's diverse production capabilities, China is expected to have the greatest market share over the forecast period. Xiaomi, Lenovo, oppo, and other significant manufacturers demand audio codec products for smartphones, laptops, and PCs. Furthermore, audio codec devices are required by Chinese vehicle firms for music systems and communication, which is growing in popularity. Japan is expected to expand the fastest throughout the projection period, as it has emerged as the largest producer of smartphones, laptops, TV, and a variety of other applications, as well as the largest consumer of audio codec systems. Thailand is a major user of audio codecs, particularly in the area of communication devices. In this regard, the country's smartphone market delivered 4.3 million devices in the second quarter of 2020, representing a 21.2 per cent growth.

In terms of revenue share, North America was the second-largest region in the market. The United States and Canada are important growth engines in this region's market. The presence of mobile firms such as Apple, Google, and Microsoft in the United States is a crucial element assisting the market's growth in this region. Furthermore, the growing number of smartphone users in the United States has boosted the industry in this region. The Western European market will grow faster than the Eastern European market, during the forecast period, owing to the presence of key players in the region.

Audio CODEC Market Leader

Dolby Labs is the leading company in the global audio codec market.

Audio CODEC Market Key Players

  1. Analog Devices (US)
  2. Cirrus Logic (US)
  3. Qualcomm (US)
  4. DSP Group (US)
  5. Realtek (Taiwan)
  6. STMicroelectronics (Switzerland)
  7. Sony (Japan)
  8. ROHM Semiconductor (Japan)
  9. Asahi Kasei Microdevices (Japan)
  10. Technicolor (France)

Impact of COVID-19 of Audio CODEC Market

The emergence of COVID-19 hampered the growth of the audio CODEC market in 2020, and it is expected to develop slowly through the end of 2021. The primary cause of this drop in growth rate is the implementation of partial or complete lockdowns in several nations throughout the world. Companies, on the other hand, are committed to serving their clients while adhering to the rules and regulations established by governments in their various regions.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Audio CODEC Market, By Component                   

                    6.1.1 Hardware       

                    6.1.2 Software        

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Audio CODEC Market, By Function             

                    6.2.1 With DSP       

                    6.2.2 Without DSP  

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Audio CODEC Market, By Application                   

                    6.3.1 Mobile Phones & Tablets    

                    6.3.2 Laptops & Computers         

                    6.3.3 Television      

                    6.3.4 Home devices

                    6.3.5 Wearable devices     

                    6.3.6 Automotive    

                    6.3.7 Others 

                    6.3.8 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.9 Y-o-Y Growth Rate Analysis         

                    6.3.10 Market Attractiveness Index       

7. Geographical Landscape                    

          7.1 Global Audio CODEC Market, by Region               

          7.2 North America - Market Analysis (2021 - 2026)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Component         

                    7.2.3 By Function   

                    7.2.4 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Component         

                    7.3.3 By Function   

                    7.3.4 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Component         

                    7.4.3 By Function   

                    7.4.4 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Component         

                    7.5.3 By Function   

                    7.5.4 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Component         

                    7.6.3 By Function   

                    7.6.4 By Application

8. Key Player Analysis                           

          8.1 Analog Devices           

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Cirrus Logic                

          8.3 Qualcomm                  

          8.4 DSP Group                  

          8.5 Realtek             

          8.6 STMicroelectronics                

          8.7 Sony                

          8.8 ROHM Semiconductor           

          8.9 Asahi Kasei Microdevices                

          8.10 Technicolor               

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Component, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Audio CODEC Market By Region, From 2021-2026 ( USD Billion )
  2. Global Audio CODEC Market By Component, From 2021-2026 ( USD Billion )
  3. Global Hardware Market By Region, From 2021-2026 ( USD Billion )
  4. Global Software Market By Region, From 2021-2026 ( USD Billion )
  5. Global Audio CODEC Market By Function, From 2021-2026 ( USD Billion )
  6. Global With DSP Market By Region, From 2021-2026 ( USD Billion )
  7. Global Without DSP Market By Region, From 2021-2026 ( USD Billion )
  8. Global Audio CODEC Market By Application, From 2021-2026 ( USD Billion )
  9. Global Mobile Phones & Tablets Market By Region, From 2021-2026 ( USD Billion )
  10. Global Laptops & Computers Market By Region, From 2021-2026 ( USD Billion )
  11. Global Television Market By Region, From 2021-2026 ( USD Billion )
  12. Global Home devices Market By Region, From 2021-2026 ( USD Billion )
  13. Global Wearable devices Market By Region, From 2021-2026 ( USD Billion )
  14. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  15. Global Others Market By Region, From 2021-2026 ( USD Billion )

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