Audio IC Market
Consumer electronics is a profitable industry which is constantly growing as companies develop new products and technologies in the market. The growing population, increasing consumer preferences for wireless accessories, and the evolution of new technologies in the market are factors driving the growth of audio IC market. For instance, wireless headsets include a speaker and a microphone which are commonly used during digital communication. Therefore, the increasing demand for consumer electronics is expected to boost the growth of the wireless audio devices and, therefore the demand for audio IC market.
Key Players
The Key Players in the Audio IC Market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Texas Instruments, STMicroelectronics, Analog Devices Inc, Maxim Integrated, THAT Corporation, Cirrus Logic, ams AG, Infineon, Microchip, New Japan Radio (NJR), NXP Semiconductor, ON Semiconductor, Renesas Electronics, ROHM Semiconductor, and Tempo Semiconductor. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 25–30% in the audio IC market.
Regional Analysis
On the basis of geography, the market is studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Central & South America. In the US, 40% of the population uses wireless headphones on portable devices which are expected to increase in the coming future. Sony, Phillips, Apple, Sennheiser, Bose are some of the leading wireless headsets manufacturers. This has increased the demand for audio ICs to reduce the need for additional amplification and size of the device. On the other hand, the media and entertainment market has been growing rapidly in the Asia-Pacific region which in turn is boosting the demand for audio ICs. Moreover, in China, in the security & defense industry, wireless speakers and wireless microphones are widely used for safety applications. These devices are small in size and can record any sound within a limited range. Therefore, increasing usage of wireless recording devices and wireless microphones are boosting the growth of the overall audio IC market in China.
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Segmentation
The Global Audio IC Market has been segmented based on Type, Application and Region.
On the basis of type, the market has been segmented into audio amplifiers (volume control IC, audio line drivers and receivers, speaker amplifier, and others), audio DSPs, audio converters (audio ADC, audio DAC, others), audio processors, microphone preamplifiers, and others.
Based on application, the market has been segmented into automotive audio, professional audio, smart home, smart and portable devices, and others.
The global Audio IC market, by region, has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America.
