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.

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. - 26)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 30)
    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. - 39)
  FIGURE 4 IMPACT OF COVID-19 ON AUDIO CODEC MARKET
  FIGURE 5 MARKET, BY COMPONENT (USD MILLION)
  FIGURE 6 MARKET, BY APPLICATION
  FIGURE 7 MARKET, BY GEOGRAPHY

4 PREMIUM INSIGHTS (Page No. - 42)
    4.1 INNOVATIONS IN SMARTPHONES AND WEARABLE DEVICES TO CREATE ATTRACTIVE OPPORTUNITIES FOR AUDIO CODEC MARKET
        FIGURE 8 INCREASING PRODUCT DEVELOPMENT PRACTICES AND PENETRATION OF INNOVATIVE TECHNOLOGIES ACROSS MULTIPLE APPLICATIONS TO BOOST GROWTH OF MARKET DURING FORECAST PERIOD
    4.2 AUDIO CODEC MARKET, BY COMPONENT
        FIGURE 9 SOFTWARE AUDIO CODEC SEGMENT TO DOMINATE MARKET IN 2020
    4.3 MARKET, BY APPLICATION
        FIGURE 10 HEADPHONE, HEADSET, AND WEARABLE DEVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.4 MARKET, BY GEOGRAPHY
        FIGURE 11 APAC TO HOLD LARGEST MARKET SHARE IN 2020

5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 12 AUDIO CODEC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing internet penetration and data traffic
                            FIGURE 13 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 14 ESTIMATION OF IOT CONNECTIONS BY 2025 (BILLION)
                    5.2.1.3 Surging demand for telecommunication systems amid COVID-19 outbreak to drive the market for audio codecs
                            FIGURE 15 MARKET DRIVERS: IMPACT ANALYSIS
           5.2.2 RESTRAINTS
                    5.2.2.1 Declining in the usage of optical media products
                    5.2.2.2 Short-term impact on consumer electronics industry due to COVID-19
                            FIGURE 16 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 17 GLOBAL IN-VEHICLE INFOTAINMENT SYSTEM SHIPMENT BETWEEN 2017 AND 2024
                            FIGURE 18 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 19 AUDIO CODEC MARKET CHALLENGES: IMPACT ANALYSIS
    5.3 PRICE TREND ANALYSIS
    5.4 REGULATORY UPDATE
    5.5 VALUE CHAIN ANALYSIS
        FIGURE 20 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND SOFTWARE PROVIDERS
        TABLE 1 AUDIO CODEC MARKET: VALUE CHAIN
    5.6 AUDIO CODEC MARKET ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 LOSSLESS AUDIO COMPRESSION
    5.8 PATENT ANALYSIS
        TABLE 2 SOME OF INNOVATIONS & PATENT REGISTRATIONS, 2007–2018
    5.9 CASE STUDY ANALYSIS
           5.9.1 MEDIA MAGIC ENABLED A LEADING SPEAKER MANUFACTURER TO INTEGRATE MULTI-ROOM/MULTI-ZONE CAPABILITIES ON ITS SMART WIRELESS SPEAKER
           5.9.2 AMERICAN SMARTWATCH BRAND ENHANCES ITS APPEAL AND DELIVERS OUTSTANDING USER EXPERIENCE WITH ITTIAM’S SBC CODEC

6 AUDIO CODEC MARKET, BY COMPONENT (Page No. - 59)
    6.1 INTRODUCTION
        TABLE 3 MARKET, BY COMPONENT, 2017–2019 (USD MILLION)
        TABLE 4 MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
    6.2 HARDWARE
        TABLE 5 MARKET FOR HARDWARE COMPONENT, BY VALUE AND VOLUME, 2017–2025
        TABLE 6 MARKET FOR HARDWARE COMPONENT, BY APPLICATION, 2017–2019 (USD MILLION)
        TABLE 7 AUDIO CODEC MARKET FOR HARDWARE COMPONENT, BY APPLICATION, 2020–2025 (USD MILLION)
        TABLE 8 MARKET FOR HARDWARE COMPONENT, BY REGION, 2017–2019 (USD MILLION)
        TABLE 9 MARKET FOR HARDWARE COMPONENT, BY REGION, 2020–2025 (USD MILLION)
        TABLE 10 MARKET FOR HARDWARE COMPONENT IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
        TABLE 11 MARKET FOR HARDWARE COMPONENT IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 12 MARKET FOR HARDWARE COMPONENT IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
        TABLE 13 MARKET FOR HARDWARE COMPONENT IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 14 MARKET FOR HARDWARE COMPONENT IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
        TABLE 15 MARKET FOR HARDWARE COMPONENT IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 16 MARKET FOR HARDWARE COMPONENT IN ROW, BY REGION, 2017–2019 (USD MILLION)
        TABLE 17 MARKET FOR HARDWARE COMPONENT IN ROW, BY REGION, 2020–2025 (USD MILLION)
           6.2.1 AUDIO CODEC HARDWARE, BY CHANNEL TYPE
                 TABLE 18 MARKET FOR HARDWARE COMPONENT, BY CHANNEL TYPE, 2017–2019 (USD MILLION)
                 TABLE 19 MARKET FOR HARDWARE COMPONENT, BY CHANNEL TYPE, 2020–2025 (USD MILLION)
                 FIGURE 21 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
                                         FIGURE 22 IMPACT OF COVID-19 ON STEREO CODEC MARKET, BY HARDWARE COMPONENT
                                         TABLE 20 POST-COVID-19 SCENARIO ANALYSIS: STEREO CODEC MARKET, BY HARDWARE COMPONENT, 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 21 AUDIO CODEC MARKET FOR SOFTWARE COMPONENT, BY APPLICATION, 2017–2019 (USD MILLION)
        TABLE 22 MARKET FOR SOFTWARE COMPONENT, BY APPLICATION, 2020–2025 (USD MILLION)
        TABLE 23 MARKET FOR SOFTWARE COMPONENT, BY REGION, 2017–2019 (USD MILLION)
        TABLE 24 MARKET FOR SOFTWARE COMPONENT, BY REGION, 2020–2025 (USD MILLION)
        TABLE 25 MARKET FOR SOFTWARE COMPONENT IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
        TABLE 26 MARKET FOR SOFTWARE COMPONENT IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 27 MARKET FOR SOFTWARE COMPONENT IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
        TABLE 28 MARKET FOR SOFTWARE COMPONENT IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 29 MARKET FOR SOFTWARE COMPONENT IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
        TABLE 30 MARKET FOR SOFTWARE COMPONENT IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 31 MARKET FOR SOFTWARE COMPONENT IN ROW, BY REGION, 2017–2019 (USD MILLION)
        TABLE 32 MARKET FOR SOFTWARE COMPONENT IN ROW, BY REGION, 2020–2025 (USD MILLION)
           6.3.1 AUDIO CODEC SOFTWARE, BY COMPRESSION TYPE
                 FIGURE 23 LOSSLESS COMPRESSION TECHNIQUES TO BE FASTEST-GROWING SEGMENT OF AUDIO CODEC SOFTWARE COMPONENT MARKET DURING FORECAST PERIOD
                 TABLE 33 MARKET FOR SOFTWARE COMPONENT, BY COMPRESSION TYPE, 2017–2019 (USD MILLION)
                 TABLE 34 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
                                         FIGURE 24 IMPACT OF COVID-19 ON LOSSLESS COMPRESSION MARKET, BY SOFTWARE COMPONENT
                                         TABLE 35 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 25 HEADPHONE, HEADSET, AND WEARABLE DEVICES TO BE FASTEST-GROWING APPLICATION SEGMENT OF AUDIO CODEC MARKET DURING FORECAST PERIOD
        TABLE 36 MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
        TABLE 37 MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    7.2 DESKTOP AND LAPTOP
           7.2.1 SOFTWARE AUDIO CODEC SEGMENT TO PLAY A VITAL ROLE IN GROWTH OF MARKET FOR DESKTOP AND LAPTOP APPLICATION
                 TABLE 38 MARKET FOR DESKTOP AND LAPTOP, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 39 MARKET FOR DESKTOP AND LAPTOP, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 40 MARKET FOR DESKTOP AND LAPTOP, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 41 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 MARKET
                 FIGURE 26 IMPACT OF COVID-19 ON MARKET FOR MOBILE PHONE AND TABLET APPLICATION
                 TABLE 42 POST-COVID-19 SCENARIO ANALYSIS: MARKET FOR MOIBLE PHONE AND TABLET APPLICATION, 2017–2025 (USD MILLION)
                 TABLE 43 MARKET FOR MOBILE PHONE AND TABLET, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 44 MARKET FOR MOBILE PHONE AND TABLET, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 45 MARKET FOR MOBILE PHONE AND TABLET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 46 MARKET FOR MOBILE PHONE AND TABLET, BY REGION, 2020–2025 (USD MILLION)
    7.4 MUSIC & MEDIA DEVICE AND HOME THEATER
           7.4.1 HOME ENTERTAINMENT PRODUCTS TO CREATE DEMAND FOR AUDIO CODECS
                 TABLE 47 MARKET FOR MUSIC & MEDIA DEVICE AND HOME THEATER, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 48 MARKET FOR MUSIC & MEDIA DEVICE AND HOME THEATER, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 49 MARKET FOR MUSIC & MEDIA DEVICE AND HOME THEATER, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 50 MARKET FOR MUSIC & MEDIA DEVICE AND HOME THEATER, BY REGION, 2020–2025 (USD MILLION)
    7.5 TELEVISION AND GAMING CONSOLE
           7.5.1 EXCELLENT CONSUMER EXPERIENCE OF GAMING CONSOLE TO FUEL DEMAND FOR AUDIO CODEC
                 TABLE 51 MARKET FOR TELEVISION AND GAMING CONSOLE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 52 MARKET FOR TELEVISION AND GAMING CONSOLE, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 53 MARKET FOR TELEVISION AND GAMING CONSOLE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 54 MARKET FOR TELEVISION AND GAMING CONSOLE, BY REGION, 2020–2025 (USD MILLION)
    7.6 HEADPHONE, HEADSET, AND WEARABLE DEVICES
           7.6.1 CHANGE IN CONSUMER BEHAVIOR FROM CONVENTIONAL TO WEARABLES AND HEARABLES
                 FIGURE 27 IMPACT OF COVID-19 ON MARKET FOR HEADPHONE, HEADSET AND WEARABLE DEVICE APPLICATION
                 TABLE 55 POST-COVID-19 SCENARIO ANALYSIS: MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICE APPLICATION, 2017–2025 (USD MILLION)
                 TABLE 56 MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICES, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 57 MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICES, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 58 MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICES, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 59 AUDIO CODEC MARKET FOR HEADPHONE, HEADSET, AND WEARABLE DEVICES, BY REGION, 2020–2025 (USD MILLION)
    7.7 AUTOMOBILE INFOTAINMENT
           7.7.1 INCREASING INTEGRATION OF INFOTAINMENT SYSTEMS, VOICE COMMAND, AND NAVIGATION SYSTEMS TO BOOST DEMAND FOR AUDIO CODECS
                 TABLE 60 MARKET FOR AUTOMOBILE INFOTAINMENT, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 61 MARKET FOR AUTOMOBILE INFOTAINMENT, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 62 MARKET FOR AUTOMOBILE INFOTAINMENT, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 63 MARKET FOR AUTOMOBILE INFOTAINMENT, BY REGION, 2020–2025 (USD MILLION)
    7.8 OTHERS
        TABLE 64 MARKET FOR OTHERS, BY COMPONENT, 2017–2019 (USD MILLION)
        TABLE 65 MARKET FOR OTHERS, BY COMPONENT, 2020–2025 (USD MILLION)
        TABLE 66 AUDIO CODEC MARKET FOR OTHERS, BY REGION, 2017–2019 (USD MILLION)
        TABLE 67 MARKET FOR OTHERS, BY REGION, 2020–2025 (USD MILLION)
           7.8.1 SOFTWARE PLATFORM
           7.8.2 BROADCASTING
           7.8.3 AUDIO PRODUCTION AND RECORDING
           7.8.4 IP TELEPHONY

8 AUDIO CODEC MARKET, BY GEOGRAPHY (Page No. - 96)
    8.1 INTRODUCTION
        FIGURE 28 MARKET GEOGRAPHIC SNAPSHOT
        TABLE 68 MARKET, BY REGION, 2017–2019 (USD MILLION)
        TABLE 69 MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.2 NORTH AMERICA
        FIGURE 29 NORTH AMERICA: AUDIO CODEC MARKET SNAPSHOT
           8.2.1 IMPACT OF COVID-19 ON AUDIO CODEC MARKET IN NORTH AMERICA
                 FIGURE 30 IMPACT OF COVID-19 ON AUDIO CODEC MARKET IN NORTH AMERICA
                 TABLE 70 POST-COVID-19, MARKET IN NORTH AMERICA, 2017–2025 (USD MILLION)
                 TABLE 71 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
                 TABLE 72 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                 TABLE 73 MARKET IN NORTH AMERICA, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 74 MARKET IN NORTH AMERICA, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 75 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 76 MARKET IN THE NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
           8.2.2 US
                    8.2.2.1 Innovation and product development to help US lead North American audio codec market
                            TABLE 77 MARKET IN US, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 78 MARKET IN US, BY COMPONENT, 2020–2025 (USD MILLION)
           8.2.3 CANADA
                    8.2.3.1 Government initiatives related to electric vehicles to boost sales of audio codecs
                            TABLE 79 MARKET IN CANADA, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 80 MARKET IN CANADA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.2.4 MEXICO
                    8.2.4.1 Manufacturing setup and easy transportation capabilities to support market growth
                            TABLE 81 MARKET IN MEXICO, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 82 MARKET IN MEXICO, BY COMPONENT, 2020–2025 (USD MILLION)
    8.3 EUROPE
        FIGURE 31 EUROPE: MARKET SNAPSHOT
        TABLE 83 MARKET IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
        TABLE 85 MARKET IN EUROPE, BY COMPONENT, 2017–2019 (USD MILLION)
        TABLE 86 MARKET IN EUROPE, BY COMPONENT, 2020–2025 (USD MILLION)
        TABLE 87 MARKET IN EUROPE, BY APPLICATION, 2017–2019 (USD MILLION)
        TABLE 88 MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
           8.3.1 GERMANY
                    8.3.1.1 Automobile application to fuel demand of audio codecs in Germany
                            TABLE 89 MARKET IN GERMANY, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 90 MARKET IN GERMANY, BY COMPONENT, 2020–2025 (USD MILLION)
           8.3.2 UK
                    8.3.2.1 Growing adoption of Consumer electronics and durables is fueling demand for audio codecs
                            TABLE 91 MARKET IN THE UK, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 92 MARKET IN THE UK, BY COMPONENT, 2020–2025 (USD MILLION)
           8.3.3 ITALY
                    8.3.3.1 Innovation in consumer electronics to create demand for audio codecs
                            TABLE 93 MARKET IN ITALY, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 94 MARKET IN ITALY, BY COMPONENT, 2020–2025 (USD MILLION)
           8.3.4 FRANCE
                    8.3.4.1 Technologically Advanced companies to invest and focus more on innovation of audio and video products
                            TABLE 95 MARKET IN FRANCE, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 96 MARKET IN FRANCE, BY COMPONENT, 2020–2025 (USD MILLION)
           8.3.5 RUSSIA
                    8.3.5.1 Large presence of some of major players related to semiconductor and electronics industries
                            TABLE 97 MARKET IN RUSSIA, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 98 MARKET IN RUSSIA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.3.6 REST OF EUROPE
                 TABLE 99 MARKET IN REST OF EUROPE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 100 MARKET IN REST OF EUROPE, BY COMPONENT, 2020–2025 (USD MILLION)
    8.4 ASIA PACIFIC
        FIGURE 32 APAC: AUDIO CODEC MARKET SNAPSHOT
           8.4.1 IMPACT OF COVID-19 ON MARKET IN APAC
                 FIGURE 33 IMPACT OF COVID-19 ON MARKET IN APAC
                 TABLE 101 POST-COVID-19 SCENARIO ANALYSIS, MARKET IN APAC, 2017–2025 (USD MILLION)
                 TABLE 102 MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
                 TABLE 103 MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                 TABLE 104 MARKET IN APAC, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 105 MARKET IN APAC, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 106 MARKET IN APAC, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 107 MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
           8.4.2 JAPAN
                    8.4.2.1 High manufacturing capabilities in automobile and electronics industries to fuel demand for audio codecs
                            TABLE 108 MARKET IN JAPAN, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 109 MARKET IN JAPAN, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.3 SOUTH KOREA
                    8.4.3.1 Investments in semiconductor industry to create opportunities for innovative audio products in South Korea
                            TABLE 110 MARKET IN SOUTH KOREA, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 111 MARKET IN SOUTH KOREA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.4 CHINA
                    8.4.4.1 Massive and automated manufacturing setup in China
                            TABLE 112 MARKET IN CHINA, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 113 MARKET IN CHINA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.5 INDIA
                    8.4.5.1 Shifting of production plants from foreign countries to India to boost demand for audio codecs
                            TABLE 114 MARKET IN INDIA, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 115 MARKET IN INDIA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.6 VIETNAM
                    8.4.6.1 Economical labor and increasing GDP is helping Vietnam to grow in market
                            TABLE 116 MARKET IN VIETNAM, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 117 MARKET IN VIETNAM, BY COMPONENT, 2020–2025 (USD MILLION)
           8.4.7 REST OF APAC
                 TABLE 118 MARKET IN REST OF APAC, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 119 MARKET IN REST OF APAC, BY COMPONENT, 2020–2025 (USD MILLION)
    8.5 ROW
        FIGURE 34 ROW: AUDIO CODEC MARKET SNAPSHOT
        TABLE 120 MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)
        TABLE 121 MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
        TABLE 122 MARKET IN ROW, BY COMPONENT, 2017–2019 (USD MILLION)
        TABLE 123 MARKET IN ROW, BY COMPONENT, 2020–2025 (USD MILLION)
        TABLE 124 MARKET IN ROW, BY APPLICATION, 2017–2019 (USD MILLION)
        TABLE 125 MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
           8.5.1 SOUTH AMERICA
                    8.5.1.1 Adoption of latest technologies embedded in domestic electronics to play a vital role in growth of market
                            TABLE 126 MARKET IN SOUTH AMERICA, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 127 MARKET IN SOUTH AMERICA, BY COMPONENT, 2020–2025 (USD MILLION)
           8.5.2 MIDDLE EAST & AFRICA
                    8.5.2.1 Growing adoption of Internet-based electronics to create demand for audio codecs
                            TABLE 128 MARKET IN MIDDLE EAST & AFRICA, BY COMPONENT, 2017–2019 (USD MILLION)
                            TABLE 129 MARKET IN MIDDLE EAST & AFRICA, BY COMPONENT, 2020–2025 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 130)
    9.1 OVERVIEW
        FIGURE 35 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 130 AUDIO CODEC HARDWARE MARKET: DEGREE OF COMPETITION
        TABLE 131 MARKET RANKING ANALYSIS: AUDIO CODEC SOFTWARE MARKET, 2019
    9.3 FIVE YEAR REVENUE ANALYSIS OF MAJOR PLAYERS IN MARKET
        TABLE 132 AUDIO CODEC MARKET: FIVE YEAR REVENUE SNAPSHOT OF MAJOR PLAYERS (USD MILLION)
    9.4 COMPANY EVALUATION MATRIX, 2019
           9.4.1 STAR
           9.4.2 EMERGING LEADER
           9.4.3 PERVASIVE
           9.4.4 PARTICIPANT
                 FIGURE 36 AUDIO CODEC MARKET, COMPANY EVALUATION MATRIX (2019)
    9.5 STARTUP/SME EVALUATION MATRIX, 2019
           9.5.1 PROGRESSIVE COMPANIES
           9.5.2 RESPONSIVE COMPANIES
           9.5.3 DYNAMIC COMPANIES
           9.5.4 STARTING BLOCKS
                 FIGURE 37 AUDIO CODEC MARKET, STARTUP/SME EVALUATION MATRIX (2019)
    9.6 COMPETITIVE SITUATIONS AND TRENDS
           9.6.1 PRODUCT LAUNCHES
                 TABLE 133 PRODUCT LAUNCHES, JANUARY 2017 AND JUNE 2020
           9.6.2 DEALS
                 TABLE 134 DEALS, JANUARY 2017 AND JUNE 2020

10 COMPANY PROFILES (Page No. - 141)
     10.1 INTRODUCTION
     10.2 KEY PLAYERS
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
             10.2.1 CIRRUS LOGIC
                    FIGURE 38 CIRRUS LOGIC: COMPANY SNAPSHOT
             10.2.2 QUALCOMM
                    FIGURE 39 QUALCOMM: COMPANY SNAPSHOT
             10.2.3 REALTEK SEMICONDUCTOR
                    FIGURE 40 REALTEK SEMICONDUCTOR: COMPANY SNAPSHOT
             10.2.4 DOLBY LABORATORIES
                    FIGURE 41 DOLBY LABORATORIES: COMPANY SNAPSHOT
             10.2.5 TECHNICOLOR
                    FIGURE 42 TECHNICOLOR: COMPANY SNAPSHOT
             10.2.6 ANALOG DEVICES
                    FIGURE 43 ANALOG DEVICES: COMPANY SNAPSHOT
             10.2.7 MAXIM INTEGRATED
                    FIGURE 44 MAXIM INTEGRATED PRODUCTS, INC.: COMPANY SNAPSHOT
             10.2.8 STMICROELECTRONICS
                    FIGURE 45 STMICROELECTRONICS: COMPANY SNAPSHOT
             10.2.9 TEXAS INSTRUMENTS
                    FIGURE 46 TEXAS INSTRUMENTS INC: COMPANY SNAPSHOT
             10.2.10 DSP GROUP
                     FIGURE 47 DSP GROUP: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
     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

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)
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