Audio Codec Market

Audio Codec Market by Component Type (Hardware and Software), Application (Desktop and Laptop, Mobile Phone and Tablet, Headphones, Headset and Wearable Devices), and Region - Forecast to 2025

Report Code: SE 4311 Dec, 2020, by marketsandmarkets.com

[182 Pages Report] The audio codec market is expected to grow from USD 5.9 billion in 2020 to USD 7.8 billion in 2025, at a CAGR of 5.5%.

The primary reasons for this rise in demand are the increasing shift in consumer base for IoT enabled devices, rise in communication devices amidst the global pandemic and pull for wireless entertainment and communication electronic products.

Audio Codec Market

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Software audio codec market, by component type, is expected to grow at the highest CAGR during the forecast period.

With the increase in the global adoption of software embedded devices as it provides flexibility for upgradation, consumes less space and is economical.  Companies such as Qualcomm and Realtek are working on software capabilities in order to provide up to data solutions to the technological savvy customers so as to fetch high market shares.

The market for headphones, hearables and wearable devices to grow at highest CAGR in audio codec market, by application, in 2020

The shift in demand for wearables such as smart watches, wireless hear phones and headsets is increasing as it is compact, economical and provides easy connectivity to the user. Moreover, the integration of these devices with IoT and ML has enabled the users to buy these goods for communication and entertainment applications.

Audio Codec Market by Region

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China, by country, is expected to share the largest market share during the forecast period.

China is set to witness the largest market share across the forecast period due to the numerous manufacturing capabilities of the region. The large manufacturing companies such as Xiaomi, Lenovo, oppo and others require audio codec products for smartphones, laptops and computers. Moreover, the automotive companies in China require audio codec products for music systems and communication which is also gaining traction.

Key market players

Key players in the audio codec market include Cirrus Logic (US), Qualcomm (US) and Realtek Semiconductor (Taiwan). Cirrus Logic is a well-known player for providing innovative and customized audio codec solutions and products in the audio market. Strong brand name and customer base are among the key factors that resulted in the leading position of Qualcomm in the market. Apart from the strong brand name and customer base, the company has strong R&D capabilities and geographic presence. Qualcomm focuses on strategies such as product launches and product development to strengthen its product portfolio and maintain its position in the audio codec market.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Component type, Application, and region

Regions covered

North America, Europe, Asia Pacific and Rest of the World

Companies covered

Analog Devices (US), Cirrus Logic (US), Maxim Integrated (US), Qualcomm (US), Realtek Semiconductor (Taiwan), STMicroelectronics (Switzerland), Texas Instruments (US), DSP Group (US), Dolby Laboratories (US), and Technicolor (France)

This research report categorizes the audio codec market based on offering, end-user application, and region.

Audio codec MARKET, BY COMPONENT TYPE

  • Hardware
  • Software

Audio codec MARKET, BY APPLICATION

  • Desktop and Laptop
  • Mobile Phone and Tablet
  • Music & Media Device and Home Theatre
  • Television and Gaming Console
  • Headphone, Headset, and Wearable Devices
  • Automotive Infotainment

Aerospace and life sciences MARKET, BY GEOGRAPHY

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • South Korea
    • Vietnam
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa

Recent developments

  • Qualcomm Technologies launched the aptX voice audio, a new voice codec that provides high-definition voice quality over a connection using Bluetooth wireless technology. 
  • Qualcomm Technologies launched the WCD9341, which is designed to decode audio formats of up to 32 bits. This new codec from the aptX family is designed to intelligently switch between a high-bit rate mode (for the best audio quality while listening music) or a low-latency mode (while gaming).
  • Cirrus Logic launched a low-power voice capture development kit for Alexa Voice Service (AVS) that features CS47L24 smart codec, CS7250B digital MEMS microphone, and SoundClear algorithm for voice control, noise suppression, and echo cancellation. The smart codec uses an on-chip, high-performance digital-to-analog converter (DAC) with a two-watt mono speaker driver to enable high-fidelity audio playback.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 19)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
          FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
    2.2 MARKET SIZE ESTIMATION
          FIGURE 2 PROCESS FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market share by bottom-up analysis (Demand Side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis (Supply Side)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 3 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTION

3 EXECUTIVE SUMMARY (Page No. - 32)
    3.1 AUDIO CODEC MARKET: POST COVID-19
           3.1.1 REALISTIC SCENARIO
                    FIGURE 4 REALISTIC SCENARIO: AUDIO CODEC MARKET, 2017–2025 (USD BILLION)
           3.1.2 PESSIMISTIC SCENARIO
                    FIGURE 5 PESSIMISTIC SCENARIO: AUDIO CODEC MARKET, 2017–2025 (USD BILLION)
           3.1.3 OPTIMISTIC SCENARIO
                    FIGURE 6 OPTIMISTIC SCENARIO: AUDIO CODEC MARKET, 2017–2025 (USD BILLION)
                    FIGURE 7 IMPACT OF COVID-19 ON AUDIO CODEC MARKET
                    FIGURE 8 AUDIO CODEC MARKET, BY COMPONENT (USD MILLION)
                    FIGURE 9 AUDIO CODEC MARKET, BY APPLICATION
                    FIGURE 10 AUDIO CODEC MARKET, BY GEOGRAPHY

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 INNOVATIONS IN SMARTPHONES AND WEARABLE DEVICES TO CREATE ATTRACTIVE OPPORTUNITIES FOR AUDIO CODEC MARKET
          FIGURE 11 INCREASING PRODUCT DEVELOPMENT PRACTICES AND PENETRATION OF INNOVATIVE TECHNOLOGIES ACROSS MULTIPLE APPLICATIONS TO BOOST GROWTH OF AUDIO CODEC MARKET DURING FORECAST PERIOD
    4.2 AUDIO CODEC MARKET, BY COMPONENT
          FIGURE 12 SOFTWARE AUDIO CODEC SEGMENT TO DOMINATE AUDIO CODEC MARKET IN 2020
    4.3 AUDIO CODEC MARKET, BY APPLICATION
          FIGURE 13 HEADPHONE, HEADSET, AND WEARABLE DEVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.4 AUDIO CODEC MARKET, BY GEOGRAPHY
          FIGURE 14 APAC TO HOLD LARGEST MARKET SHARE IN 2020

5 MARKET OVERVIEW (Page No. - 40)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 15 AUDIO CODEC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing internet penetration and data traffic
                                FIGURE 16 MOBILE DATA TRAFFIC PER SMARTPHONE BY 2025 (GB PER MONTH)
                    5.2.1.2 Increasing adoption of IoT-enabled connected devices for daily users
                                FIGURE 17 ESTIMATION OF IOT CONNECTIONS BY 2025 (BILLION)
                    5.2.1.3 Surging demand for telecommunication systems amid COVID-19 outbreak to drive market for audio codecs
                                FIGURE 18 AUDIO CODEC MARKET DRIVERS: IMPACT ANALYSIS
           5.2.2 RESTRAINTS
                    5.2.2.1 Declining use of optical media products
                    5.2.2.2 Short-term impact on consumer electronics industry due to COVID-19
                                FIGURE 19 AUDIO CODEC MARKET RESTRAINTS: IMPACT ANALYSIS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for android set-top boxes and video-on-demand services
                    5.2.3.2 Rising demand for infotainment in passenger cars
                                FIGURE 20 GLOBAL IN-VEHICLE INFOTAINMENT SYSTEM SHIPMENT BETWEEN 2017 AND 2024
                                FIGURE 21 AUDIO CODEC MARKET OPPORTUNITIES: IMPACT ANALYSIS
           5.2.4 CHALLENGES
                    5.2.4.1 Continuous optimization of component size
                    5.2.4.2 Variations in demand and supply due to COVID-19
                                FIGURE 22 AUDIO CODEC MARKET CHALLENGES: IMPACT ANALYSIS
    5.3 VALUE CHAIN ANALYSIS
          FIGURE 23 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND SOFTWARE PROVIDERS
    5.4 PORTER’S FIVE FORCE ANALYSIS
          TABLE 1 IMPACT OF EACH FORCE ON AUDIO CODEC MARKET
    5.5 PRICING ANALYSIS
          TABLE 2 PRICE OF AUDIO CODEC (USD)
    5.6 TRADE ANALYSIS
           5.6.1 EXPORT SCENARIO OF MICROPHONES, STANDS, EARPHONES, HEADPHONES, AND AUDIO AMPLIFIERS
                    FIGURE 24 EXPORT OF MICROPHONES, STANDS, EARPHONES, HEADPHONES, AND AUDIO AMPLIFIERS
           5.6.2 IMPORT SCENARIO OF MICROPHONES, STANDS, EARPHONES, HEADPHONES, AND AUDIO AMPLIFIERS
                    FIGURE 25 IMPORT OF MICROPHONES, STANDS, EARPHONES, HEADPHONES, AND AUDIO AMPLIFIERS
    5.7 AUDIO CODEC MARKET ECOSYSTEM
          TABLE 3 AUDIO CODEC MARKET: ECOSYSTEM
    5.8 CASE STUDY ANALYSIS
           5.8.1 MEDIA MAGIC ENABLED LEADING SPEAKER MANUFACTURER TO INTEGRATE MULTI-ROOM/MULTI-ZONE CAPABILITIES INTO ITS SMART WIRELESS SPEAKER
           5.8.2 AMERICAN SMARTWATCH BRAND ENHANCES ITS APPEAL AND DELIVERS OUTSTANDING USER EXPERIENCE WITH ITTIAM’S SBC CODEC
    5.9 PATENT ANALYSIS
          TABLE 4 SOME IMPORTANT INNOVATIONS & PATENT REGISTRATIONS, 2007–2018
    5.10 TECHNOLOGY ANALYSIS
           5.10.1 LOSSLESS AUDIO COMPRESSION
           5.10.2 SUBSTITUTE TECHNOLOGY/REDUNDANT TECHNOLOGY
    5.11 REGULATORY UPDATE
           5.11.1 US
           5.11.2 EUROPE

6 AUDIO CODEC MARKET, BY COMPONENT (Page No. - 59)
    6.1 INTRODUCTION
          TABLE 5 AUDIO CODEC MARKET, BY COMPONENT, 2017–2019 (USD MILLION)
          TABLE 6 AUDIO CODEC MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
    6.2 HARDWARE
          TABLE 7 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY VALUE, 2017–2025
          FIGURE 26 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY VOLUME, 2020 AND 2025 (MILLION UNITS)
          TABLE 8 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 9 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 10 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY REGION, 2017–2019 (USD MILLION)
          TABLE 11 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY REGION, 2020–2025 (USD MILLION)
          TABLE 12 AUDIO CODEC MARKET FOR HARDWARE COMPONENT IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 13 AUDIO CODEC MARKET FOR HARDWARE COMPONENT IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 14 AUDIO CODEC MARKET FOR HARDWARE COMPONENT IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 15 AUDIO CODEC MARKET FOR HARDWARE COMPONENT IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 16 AUDIO CODEC MARKET FOR HARDWARE COMPONENT IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 17 AUDIO CODEC MARKET FOR HARDWARE COMPONENT IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 18 AUDIO CODEC MARKET FOR HARDWARE COMPONENT IN ROW, BY REGION, 2017–2019 (USD MILLION)
          TABLE 19 AUDIO CODEC MARKET FOR HARDWARE COMPONENT IN ROW, BY REGION, 2020–2025 (USD MILLION)
           6.2.1 AUDIO CODEC HARDWARE, BY CHANNEL TYPE
                    TABLE 20 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY CHANNEL TYPE, 2017–2019 (USD MILLION)
                    TABLE 21 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY CHANNEL TYPE, 2020–2025 (USD MILLION)
                    FIGURE 27 STEREO CODEC SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
                    6.2.1.1 Mono Codec
                               6.2.1.1.1 Mono codec devices are widely used for personal electronic appliances
                    6.2.1.2 Stereo Codec
                               6.2.1.2.1 Different techniques in stereo codec have diversified their use in consumer electronics
                               6.2.1.2.2 Impact of COVID-19 on stereo codec market
                                              FIGURE 28 IMPACT OF COVID-19 ON STEREO CODEC MARKET
                                              TABLE 22 POST-COVID-19 SCENARIO ANALYSIS: STEREO CODEC MARKET, 2017–2025 (USD MILLION)
                    6.2.1.3 Multi-channel Codec
                               6.2.1.3.1 Increasing demand for home entertainment appliances to boost demand for multi-channel codecs
    6.3 SOFTWARE
          TABLE 23 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 24 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 25 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT, BY REGION, 2017–2019 (USD MILLION)
          TABLE 26 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT, BY REGION, 2020–2025 (USD MILLION)
          TABLE 27 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 28 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 29 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 30 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 31 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 32 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 33 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT IN ROW, BY REGION, 2017–2019 (USD MILLION)
          TABLE 34 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT IN ROW, BY REGION, 2020–2025 (USD MILLION)
           6.3.1 AUDIO CODEC SOFTWARE, BY COMPRESSION TYPE
                    FIGURE 29 LOSSLESS COMPRESSION TECHNIQUES TO BE FASTEST-GROWING SEGMENT OF AUDIO CODEC SOFTWARE COMPONENT MARKET DURING FORECAST PERIOD
                    TABLE 35 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT, BY COMPRESSION TYPE, 2017–2019 (USD MILLION)
                    TABLE 36 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT, BY COMPRESSION TYPE, 2020–2025 (USD MILLION)
                    6.3.1.1 Non-compression
                               6.3.1.1.1 Manufacturing companies are procuring PAM, PCM, and PWM for smartphones and tablets
                    6.3.1.2 Lossless compression
                               6.3.1.2.1 Increasing demand for communication-enabled products to drive the market for lossless compression
                               6.3.1.2.2 Impact of COVID-19 on lossless compression market
                                              FIGURE 30 IMPACT OF COVID-19 ON LOSSLESS COMPRESSION MARKET
                                              TABLE 37 POST-COVID-19 SCENARIO ANALYSIS: LOSSLESS COMPRESSION MARKET, BY SOFTWARE COMPONENT, 2017–2025 (USD MILLION)
                    6.3.1.3 Lossy compression
                               6.3.1.3.1 Innovative communication products to drive the demand for lossy compression

7 AUDIO CODEC MARKET, BY APPLICATION (Page No. - 79)
    7.1 INTRODUCTION
          FIGURE 31 HEADPHONE, HEADSET, AND WEARABLE DEVICES TO BE FASTEST-GROWING APPLICATION SEGMENT OF AUDIO CODEC MARKET DURING FORECAST PERIOD
          TABLE 38 AUDIO CODEC MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 39 AUDIO CODEC MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    7.2 DESKTOP AND LAPTOP
           7.2.1 SOFTWARE AUDIO CODEC SEGMENT TO PLAY VITAL ROLE IN GROWTH OF AUDIO CODEC MARKET FOR DESKTOP AND LAPTOP APPLICATIONS
                    TABLE 40 AUDIO CODEC MARKET FOR DESKTOP AND LAPTOP, BY COMPONENT, 2017–2019 (USD MILLION)
                    TABLE 41 AUDIO CODEC MARKET FOR DESKTOP AND LAPTOP, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 42 AUDIO CODEC MARKET FOR DESKTOP AND LAPTOP, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 43 AUDIO CODEC MARKET FOR DESKTOP AND LAPTOP, BY REGION, 2020–2025 (USD MILLION)
    7.3 MOBILE PHONE AND TABLET
           7.3.1 ENTERTAINMENT OPTIONS IN SMARTPHONES TO DRIVE GROWTH OF AUDIO CODEC MARKET
    7.4 IMPACT OF COVID-19 ON STEREO CODEC MARKET
          FIGURE 32 IMPACT OF COVID-19 ON AUDIO CODEC MARKET FOR MOBILE PHONE AND TABLET APPLICATIONS
                    TABLE 44 POST-COVID-19 SCENARIO ANALYSIS: AUDIO CODEC MARKET FOR MOBILE PHONE AND TABLET, 2017–2025 (USD MILLION)
                    TABLE 45 AUDIO CODEC MARKET FOR MOBILE PHONE AND TABLET, BY COMPONENT, 2017–2019 (USD MILLION)
                    TABLE 46 AUDIO CODEC MARKET FOR MOBILE PHONE AND TABLET, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 47 AUDIO CODEC MARKET FOR MOBILE PHONE AND TABLET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 48 AUDIO CODEC MARKET FOR MOBILE PHONE AND TABLET, BY REGION, 2020–2025 (USD MILLION)
    7.5 MUSIC & MEDIA DEVICE AND HOME THEATER
           7.5.1 HOME ENTERTAINMENT PRODUCTS TO CREATE DEMAND FOR AUDIO CODECS
                    TABLE 49 AUDIO CODEC MARKET FOR MUSIC & MEDIA DEVICE AND HOME THEATER, BY COMPONENT, 2017–2019 (USD MILLION)
                    TABLE 50 AUDIO CODEC MARKET FOR MUSIC & MEDIA DEVICE AND HOME THEATER, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 51 AUDIO CODEC MARKET FOR MUSIC & MEDIA DEVICE AND HOME THEATER, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 52 AUDIO CODEC MARKET FOR MUSIC & MEDIA DEVICE AND HOME THEATER, BY REGION, 2020–2025 (USD MILLION)
    7.6 TELEVISION AND GAMING CONSOLE
           7.6.1 EXCELLENT CONSUMER EXPERIENCE OF GAMING CONSOLE TO FUEL DEMAND FOR AUDIO CODEC
                    TABLE 53 AUDIO CODEC MARKET FOR TELEVISION AND GAMING CONSOLE, BY COMPONENT, 2017–2019 (USD MILLION)
                    TABLE 54 AUDIO CODEC MARKET FOR TELEVISION AND GAMING CONSOLE, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 55 AUDIO CODEC MARKET FOR TELEVISION AND GAMING CONSOLE, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 56 AUDIO CODEC MARKET FOR TELEVISION AND GAMING CONSOLE, BY REGION, 2020–2025 (USD MILLION)
    7.7 HEADPHONE, HEADSET, AND WEARABLE DEVICES
           7.7.1 CHANGE IN CONSUMER BEHAVIOR FROM CONVENTIONAL TO WEARABLES AND HEARABLES
    7.8 IMPACT OF COVID-19 ON HEADPHONE, HEADSET, AND WEARABLE DEVICE APPLICATIONS
          FIGURE 33 IMPACT OF COVID-19 ON AUDIO CODEC MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICE APPLICATIONS
          TABLE 57 POST-COVID-19 SCENARIO ANALYSIS: AUDIO CODEC MARKET FOR HEADPHONE, HEADSET, AND WEARABLE, 2017–2025 (USD MILLION)
          TABLE 58 AUDIO CODEC MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICES, BY COMPONENT, 2017–2019 (USD MILLION)
          TABLE 59 AUDIO CODEC MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICES, BY COMPONENT, 2020–2025 (USD MILLION)
          TABLE 60 AUDIO CODEC MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICES, BY REGION, 2017–2019 (USD MILLION)
          TABLE 61 AUDIO CODEC MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICES, BY REGION, 2020–2025 (USD MILLION)
    7.9 AUTOMOBILE INFOTAINMENT
           7.9.1 INCREASING INTEGRATION OF INFOTAINMENT SYSTEMS, VOICE COMMAND, AND NAVIGATION SYSTEMS TO BOOST DEMAND FOR AUDIO CODECS
                    TABLE 62 AUDIO CODEC MARKET FOR AUTOMOBILE INFOTAINMENT, BY COMPONENT, 2017–2019 (USD MILLION)
                    TABLE 63 AUDIO CODEC MARKET FOR AUTOMOBILE INFOTAINMENT, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 64 AUDIO CODEC MARKET FOR AUTOMOBILE INFOTAINMENT, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 65 AUDIO CODEC MARKET FOR AUTOMOBILE INFOTAINMENT, BY REGION, 2020–2025 (USD MILLION)
    7.10 OTHERS
           TABLE 66 AUDIO CODEC MARKET FOR OTHERS, BY COMPONENT, 2017–2019 (USD MILLION)
           TABLE 67 AUDIO CODEC MARKET FOR OTHERS, BY COMPONENT, 2020–2025 (USD MILLION)
           TABLE 68 AUDIO CODEC MARKET FOR OTHERS, BY REGION, 2017–2019 (USD MILLION)
           TABLE 69 AUDIO CODEC MARKET FOR OTHERS, BY REGION, 2020–2025 (USD MILLION)
           7.10.1 SOFTWARE PLATFORM
           7.10.2 BROADCASTING
           7.10.3 AUDIO PRODUCTION AND RECORDING
           7.10.4 IP TELEPHONY

8 AUDIO CODEC MARKET, BY GEOGRAPHY (Page No. - 97)
    8.1 INTRODUCTION
          FIGURE 34 AUDIO CODEC MARKET GEOGRAPHIC SNAPSHOT
          TABLE 70 AUDIO CODEC MARKET, BY REGION, 2017–2019 (USD MILLION)
          TABLE 71 AUDIO CODEC MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.2 NORTH AMERICA
          FIGURE 35 NORTH AMERICA: AUDIO CODEC MARKET SNAPSHOT
    8.3 IMPACT OF COVID-19 ON AUDIO CODEC MARKET IN NORTH AMERICA
          FIGURE 36 IMPACT OF COVID-19 ON AUDIO CODEC MARKET IN NORTH AMERICA
          TABLE 72 POST-COVID-19, AUDIO CODEC MARKET IN NORTH AMERICA, 2017–2025 (USD MILLION)
          TABLE 73 AUDIO CODEC MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 74 AUDIO CODEC MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 75 AUDIO CODEC MARKET IN NORTH AMERICA, BY COMPONENT, 2017–2019 (USD MILLION)
          TABLE 76 AUDIO CODEC MARKET IN NORTH AMERICA, BY COMPONENT, 2020–2025 (USD MILLION)
          TABLE 77 AUDIO CODEC MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 78 AUDIO CODEC MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
           8.3.1 US
                    8.3.1.1 Innovation and product development to help US lead North American audio codec market
                                TABLE 79 AUDIO CODEC MARKET IN US, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 80 AUDIO CODEC MARKET IN US, BY COMPONENT, 2020–2025 (USD MILLION)
           8.3.2 CANADA
                    8.3.2.1 Government initiatives related to electric vehicles to boost sales of audio codecs
                                TABLE 81 AUDIO CODEC MARKET IN CANADA, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 82 AUDIO CODEC MARKET IN CANADA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.3.3 MEXICO
                    8.3.3.1 Manufacturing setup and easy transportation capabilities to support market growth
                                TABLE 83 AUDIO CODEC MARKET IN MEXICO, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 84 AUDIO CODEC MARKET IN MEXICO, BY COMPONENT, 2020–2025 (USD MILLION)
    8.4 EUROPE
          FIGURE 37 EUROPE: AUDIO CODEC MARKET SNAPSHOT
          TABLE 85 AUDIO CODEC MARKET IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 87 AUDIO CODEC MARKET IN EUROPE, BY COMPONENT, 2017–2019 (USD MILLION)
          TABLE 88 AUDIO CODEC MARKET IN EUROPE, BY COMPONENT, 2020–2025 (USD MILLION)
          TABLE 89 AUDIO CODEC MARKET IN EUROPE, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 90 AUDIO CODEC MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
           8.4.1 GERMANY
                    8.4.1.1 Automobile application to fuel demand for audio codecs in Germany
                                TABLE 91 AUDIO CODEC MARKET IN GERMANY, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 92 AUDIO CODEC MARKET IN GERMANY, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.2 UK
                    8.4.2.1 Growing adoption of consumer electronics and durables is fueling demand for audio codecs
                                TABLE 93 AUDIO CODEC MARKET IN UK, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 94 AUDIO CODEC MARKET IN UK, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.3 ITALY
                    8.4.3.1 Innovation in consumer electronics to create demand for audio codecs
                                TABLE 95 AUDIO CODEC MARKET IN ITALY, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 96 AUDIO CODEC MARKET IN ITALY, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.4 FRANCE
                    8.4.4.1 Technologically advanced companies to invest and focus more on innovation of audio and video products
                                TABLE 97 AUDIO CODEC MARKET IN FRANCE, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 98 AUDIO CODEC MARKET IN FRANCE, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.5 RUSSIA
                    8.4.5.1 Large presence of some of major players related to semiconductor and electronics industries
                                TABLE 99 AUDIO CODEC MARKET IN RUSSIA, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 100 AUDIO CODEC MARKET IN RUSSIA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.6 REST OF EUROPE
                    TABLE 101 AUDIO CODEC MARKET IN REST OF EUROPE, BY COMPONENT, 2017–2019 (USD MILLION)
                    TABLE 102 AUDIO CODEC MARKET IN REST OF EUROPE, BY COMPONENT, 2020–2025 (USD MILLION)
    8.5 ASIA PACIFIC (APAC)
          FIGURE 38 APAC: AUDIO CODEC MARKET SNAPSHOT
           8.5.1 IMPACT OF COVID-19 ON AUDIO CODEC MARKET IN APAC
                    FIGURE 39 IMPACT OF COVID-19 ON AUDIO CODEC MARKET IN APAC
                    TABLE 103 POST-COVID-19 SCENARIO ANALYSIS, AUDIO CODEC MARKET IN APAC, 2017–2025 (USD MILLION)
                    TABLE 104 AUDIO CODEC MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 105 AUDIO CODEC MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 106 AUDIO CODEC MARKET IN APAC, BY COMPONENT, 2017–2019 (USD MILLION)
                    TABLE 107 AUDIO CODEC MARKET IN APAC, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 108 AUDIO CODEC MARKET IN APAC, BY APPLICATION, 2017–2019 (USD MILLION)
                    TABLE 109 AUDIO CODEC MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
           8.5.2 JAPAN
                    8.5.2.1 High manufacturing capabilities in automobile and electronics industries to fuel demand for audio codecs
                                TABLE 110 AUDIO CODEC MARKET IN JAPAN, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 111 AUDIO CODEC MARKET IN JAPAN, BY COMPONENT, 2020–2025 (USD MILLION)
           8.5.3 SOUTH KOREA
                    8.5.3.1 Investments in semiconductor industry to create opportunities for innovative audio products in South Korea
                                TABLE 112 AUDIO CODEC MARKET IN SOUTH KOREA, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 113 AUDIO CODEC MARKET IN SOUTH KOREA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.5.4 CHINA
                    8.5.4.1 Massive and automated manufacturing setup in China
                                TABLE 114 AUDIO CODEC MARKET IN CHINA, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 115 AUDIO CODEC MARKET IN CHINA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.5.5 INDIA
                    8.5.5.1 Shifting of production plants from foreign countries to India to boost demand for audio codecs
                                TABLE 116 AUDIO CODEC MARKET IN INDIA, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 117 AUDIO CODEC MARKET IN INDIA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.5.6 VIETNAM
                    8.5.6.1 Economical labor and increasing GDP is helping Vietnam to grow in audio codec market
                                TABLE 118 AUDIO CODEC MARKET IN VIETNAM, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 119 AUDIO CODEC MARKET IN VIETNAM, BY COMPONENT, 2020–2025 (USD MILLION)
           8.5.7 REST OF APAC
                    TABLE 120 AUDIO CODEC MARKET IN REST OF APAC, BY COMPONENT, 2017–2019 (USD MILLION)
                    TABLE 121 AUDIO CODEC MARKET IN REST OF APAC, BY COMPONENT, 2020–2025 (USD MILLION)
    8.6 ROW
          FIGURE 40 ROW: AUDIO CODEC MARKET SNAPSHOT
          TABLE 122 AUDIO CODEC MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)
          TABLE 123 AUDIO CODEC MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
          TABLE 124 AUDIO CODEC MARKET IN ROW, BY COMPONENT, 2017–2019 (USD MILLION)
          TABLE 125 AUDIO CODEC MARKET IN ROW, BY COMPONENT, 2020–2025 (USD MILLION)
          TABLE 126 AUDIO CODEC MARKET IN ROW, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 127 AUDIO CODEC MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
           8.6.1 SOUTH AMERICA
                    8.6.1.1 Adoption of latest technologies embedded in domestic electronics to play a vital role in growth of audio codec market
                                TABLE 128 AUDIO CODEC MARKET IN SOUTH AMERICA, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 129 AUDIO CODEC MARKET IN SOUTH AMERICA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.6.2 MIDDLE EAST & AFRICA
                    8.6.2.1 Growing adoption of Internet-based electronics to create demand for audio codecs
                                TABLE 130 AUDIO CODEC MARKET IN MIDDLE EAST & AFRICA, BY COMPONENT, 2017–2019 (USD MILLION)
                                TABLE 131 AUDIO CODEC MARKET IN MIDDLE EAST & AFRICA, BY COMPONENT, 2020–2025 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 130)
    9.1 OVERVIEW
          FIGURE 41 PRODUCT LAUNCHES EMERGED AS KEY STRATEGIES ADOPTED BY MARKET PLAYERS FROM JANUARY 2017 TO JUNE 2020
    9.2 MARKET SHARE AND RANKING ANALYSIS OF KEY COMPANIES, 2019
          TABLE 132 MARKET SHARE ANALYSIS: AUDIO CODEC HARDWARE MARKET, 2019
          TABLE 133 MARKET RANKING ANALYSIS: AUDIO CODEC SOFTWARE MARKET, 2019
    9.3 FIVE-YEAR REVENUE ANALYSIS
          FIGURE 42 FIVE-YEAR REVENUE SNAPSHOT OF MAJOR PLAYERS (USD MILLION)
    9.4 COMPANY LEADERSHIP MAPPING, 2019
           9.4.1 STAR
           9.4.2 EMERGING LEADER
           9.4.3 PERVASIVE
           9.4.4 PARTICIPANT
                    FIGURE 43 AUDIO CODEC MARKET, COMPANY EVALUATION MATRIX (2019)
    9.5 STARTUP/SME EVALUATION MATRIX, 2019
           9.5.1 PROGRESSIVE COMPANY
           9.5.2 RESPONSIVE COMPANY
           9.5.3 DYNAMIC COMPANY
           9.5.4 STARTING BLOCK
                    FIGURE 44 AUDIO CODEC MARKET, STARTUP/SME EVALUATION MATRIX (2019)
    9.6 COMPETITIVE SITUATIONS AND TRENDS
           9.6.1 PRODUCT LAUNCHES
                    TABLE 134 PRODUCT LAUNCHES, JANUARY 2017–JUNE 2020
           9.6.2 DEALS
                    TABLE 135 DEALS, JANUARY 2017–JUNE 2020

10 COMPANY PROFILES (Page No. - 141)
     10.1 INTRODUCTION
     10.2 KEY PLAYERS
(Business Overview, Products, Recent Developments, SWOT Analysis, MnM View)*
             10.2.1 CIRRUS LOGIC
                        FIGURE 45 CIRRUS LOGIC: COMPANY SNAPSHOT
             10.2.2 QUALCOMM
                        FIGURE 46 QUALCOMM: COMPANY SNAPSHOT
             10.2.3 REALTEK SEMICONDUCTOR
                        FIGURE 47 REALTEK SEMICONDUCTOR: COMPANY SNAPSHOT
             10.2.4 DOLBY LABORATORIES
                        FIGURE 48 DOLBY LABORATORIES: COMPANY SNAPSHOT
             10.2.5 TECHNICOLOR
                        FIGURE 49 TECHNICOLOR: COMPANY SNAPSHOT
             10.2.6 ANALOG DEVICES
                        FIGURE 50 ANALOG DEVICES: COMPANY SNAPSHOT
             10.2.7 MAXIM INTEGRATED
                        FIGURE 51 MAXIM INTEGRATED PRODUCTS, INC.: COMPANY SNAPSHOT
             10.2.8 STMICROELECTRONICS
                        FIGURE 52 STMICROELECTRONICS: COMPANY SNAPSHOT
             10.2.9 TEXAS INSTRUMENTS
                        FIGURE 53 TEXAS INSTRUMENTS INC: COMPANY SNAPSHOT
             10.2.10 DSP GROUP
                        FIGURE 54 DSP GROUP: COMPANY SNAPSHOT
     10.3 RIGHT TO WIN
     10.4 OTHER COMPANIES
             10.4.1 FRAUNHOFER IIS
             10.4.2 XIPH
             10.4.3 BROADCOM
             10.4.4 AMS
             10.4.5 TEMPO SEMICONDUCTOR
             10.4.6 DIALOG SEMICONDUCTOR
             10.4.7 DIGIGRAM
             10.4.8 CML MICROCIRCUITS
             10.4.9 BARIX
             10.4.10 TIELINE
             10.4.11 SYNOPSYS
             10.4.12 ITTIAM
             10.4.13 ATC LABS
             10.4.14 AKM (ASAHI KASEI MICRODEVICES)
             10.4.15 SONY

*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.

11 APPENDIX (Page No. - 175)
     11.1 INSIGHTS OF INDUSTRY EXPERTS
     11.2 DISCUSSION GUIDE
     11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     11.4 AVAILABLE CUSTOMIZATIONS
     11.5 RELATED REPORTS
     11.6 AUTHOR DETAILS

The study involved 4 major activities in estimating the current size of the audio codec market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information relevant for this study. These secondary sources include biometric technologies journals, magazines, and IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information pertinent to this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the audio codec market. After a complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at.

Audio Codec Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the audio codec market and other dependent submarkets listed in this report.

  • Key players in the industry and markets were identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures were employed wherever applicable. The data was triangulated by studying various factors and trends identified from both the demand and supply sides—scientific research, technical, suppliers, OEMs, system integrators and others.

Report Objectives

The following are the primary objectives of the study:

  • To define, describe, and forecast the audio codec market based on the component type, application, and region
  • To forecast the market size of various segments with respect to global market
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze the competitive developments, such as agreements, contracts, partnerships, acquisitions, and product launches & developments, carried out in the audio codec market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 4311
Published ON
Dec, 2020
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