Dublin, May 25, 2023 (GLOBE NEWSWIRE) -- The "Audio Codecs - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Audio Codecs estimated at US$6 Billion in the year 2022, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.
Hardware, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$6.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 5.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 8.2% CAGR
The Audio Codecs market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Select Competitors (Total 32 Featured) -
- Analog Devices, Inc.
- Cirrus Logic, Inc.
- Dolby Laboratories, Inc.
- DSP Group, Inc.
- Fraunhofer IIS Development Center for X-ray Technology
- Maxim Integrated Products, Inc.
- Qualcomm, Inc.
- Realtek Semiconductor Corp.
- STMicroelectronics
- Technicolor SA
- Texas Instruments, Inc.
- Xiph.Org Foundation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 189 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6 Billion |
| Forecasted Market Value (USD) by 2030 | $8.8 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Audio Codec Market: A Prelude
- Software Dominates Global Audio Codecs Market
- Global Audio Codec Market: Percentage Breakdown of Revenues by Type for 2019
- Global Stereo Audio Codecs Market: Percentage Breakdown of Revenues by Applications for 2019
- Global PCM Audio Codecs Market: Percentage Breakdown of Revenues by Applications for 2019
- Audio Codecs - Global Key Competitors Percentage Market Share in 2022 (E)
- Global Multi-channel Audio Codecs Market: Percentage Breakdown of Sales by Leading Players for 2019
- Global Low Power Audio Codecs Market: Percentage Breakdown of Sales by Leading Players for 2019
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Adoption of Smartphones and Tablets: A Growth Opportunity for Audio Codecs Market
- Global Smartphone Shipments in Million Units for the Years 2016 through 2024
- Global Shipments of Tablets in Million Units for 2014 through Q1 2019
- Smartphone Audio Codecs Market: Rising Adoption of Smartphones Drives Growth
- Global Smartphone Audio Codecs Market: Percentage Breakdown of Revenues by Hardware and Software for 2019
- With Smartphones Use Rising, Need for High-Quality Voice Calls Drives Need for a Superior Audio Codec
- Growing Internet Penetration Rates, Massive Increase in Data Traffic, and Rise in Mobile Subscriptions: Opportunity for Audio Codec Market
- Global Internet User Penetration Rate (in %) for the Years 2016 through 2022
- Number of Internet Users Worldwide and Penetration Rate (in %) by Region as of March 2019
- Global IP Data Traffic: Breakdown of Data Traffic (in PB per Month) by Type for 2017, 2019, 2021 and 2023
- Mobile Subscriptions Worldwide in Billions for the Years 2018, 2020, 2022 and 2024
- Growing Sales of Bluetooth-driven Devices and Bluetooth's Popularity as a Technology for Wireless Audio Streaming Fuels Demand for Advanced Audio Codecs
- Global Bluetooth Speakers Market: Annual Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025
- Global Bluetooth Headset Sales in Million for 2017, 2019, 2021 and 2023
- With Wireless Set to be the Future of Headphones, Efforts Focus on Developing Wireless Audio Codec Standard to Improve Fidelity
- Enhancing Performance with Modified SBC codec (mSBC)
- Fraunhofer Institute Discontinues MP3 Format
- With MP3 Discontinued, Audio Codec Supporting Fully Lossless, Multi-use, High resolution, Open and Secure Parameters to Emerge as the Standard
- Fraunhofer's Object-Based Audio Codec Emerges as the Future of Immersive Sound
- Fraunhofer's Enhanced Voice Services (EVS) Standard: Promise of Unprecedented Voice Call Quality
- FLAC: A High-Definition MP3 Format
- xHE-AAC: A Codec Designed for Adaptive Streaming and Digital Radio
- Innovations & Advancements
- Microchip Technology Unveils Bluetooth 5.0 Audio SoC for Enabling High Resolution Wireless Audio
- Qualcomm Unveils Qualcomm Aqstic Audio Codecs for Smartphones
- Dialog's DA740x Highly-Integrated Audio Codec Chips: Providing a Mix of Noise Cancellation and Low Power Consumption Advantages
- PRODUCT OVERVIEW
- Audio Codec
- Audio Codec Formats
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nrilnq
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