According to IMARC Group’s latest research report, titled “Smartphone Audio Codecs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights into the smartphone audio codecs market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global smartphone audio codecs market size reached US$ 6.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.4% during 2022-2027.
Smartphone Audio Codecs Market Outlook:
Smartphone audio codecs, also known as sound codecs, represent specialized systems or computerized programs that generally facilitate the decompression and compression of a digital audio data stream. The various hardware and software components of this system include stereo codecs, mono codecs, multi-channel codecs, software, non-compression, lossy compression, lossless compression, etc. Smartphone audio codecs comprise signal routing and mixing channels, digital-to-analog converters (DAC), microphone and line inputs, and analog-to-digital converters (ADC), which make audio transmissions easier. They transmit audio files from the source to the headphones. Smartphone audio codecs algorithms compress the audio into manageable data packets ensuring faster and wireless transmission. Consequently, they are extensively utilized in both android and iPhone operating system-based smartphones across the globe.
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Smartphone Audio Codecs Market Growth:
The rising utilization of high-end smartphones and the growing mobile data traffic are among the key factors driving the smartphone audio codecs market. In addition to this, the inflating popularity of music streaming services and the widespread adoption of Bluetooth earphones and headphones are also positively influencing the global market. Moreover, leading manufacturers are focusing on offering innovative and advanced features in smartphone audio codecs, including noise cancellation, parametric equalizers, dynamic range control, 3D sound processing, etc., to expand their consumer base, which is acting as another significant growth-inducing factor. Besides this, the introduction of audio processing technology or aptX technology that can wirelessly transmit 24-bit high-resolution audio and aid in reducing the file size before transmission without impacting its overall sound quality is expected to bolster the smartphone audio codecs market over the forecasted period.
Key Market Segmentation:
Competitive Landscape:
- Ams AG
- Analog Devices Inc.
- Broadcom Inc.
- Cirrus Logic Inc.
- CML Microcircuits (UK) Ltd.
- DescriptionDialog Semiconductor PLC
- Integrated Device Technology Inc.
- Maxim Integrated Products Inc.
- NXP Semiconductors N.V.
- STMicroelectronics International N.V.
- Texas Instruments Incorporated.
Breakup by Component:
- Hardware
- Mono Codecs
- Stereo Codecs
- Multi-channel Codecs
- Software
- Non-compression
- Lossy Compression
- Lossless Compression
Breakup by Converter Type:
- Analog to Digital Converter
- Digital to Analog Converter
- IOS
- Android
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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