Audio Codec Market Size, Share, Growth, Trends, and Forecast, 2030

According to the report published by Zion Market Research, the global Audio Codec Market size was valued at USD 6.52 Billion in 2022 and is predicted to reach USD 9.86 Billion by the end of 2030. The market is expected to grow with a CAGR of 5.30% during the forecast period. The report analyzes the global Audio Codec Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Audio Codec Market industry.

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Audio Codec Market: Overview

The device audio codec is used for the conversion of the analog and digital audio signals for the purpose of storage or transmission. The hardware device of the audio codec has the facility of both the digital-to-analog converter and analog-to-digital converter thus is used in the sound cards for the smooth working of the audio. The software device consists of the computer programs which compresses and decompresses the media audio.

Audio Codec Market: Facts

Google is making advancements in their Bluetooth audio experience as in the past they were badly criticized for the overall Bluetooth performance on the Android platform. They are planning to add on the AAC Bluetooth audio codec for the devices with the help of AOSP.

Audio Codec Market: Segmentation

The global audio codec market is fragmented into its component type, channel type, compression type, and on the applications. Based on the type of the component, the audio codec market is segregated into software and hardware. Based on the channel type, the market is categorized into stereo codec, mono-codec, and multi-channel codec. Based on the type of the compression, the market is divided into lossless compression, non-compression, lossy compression, and others. Based on the application, the audio codec market is bifurcated into mobile phones and tablets, wearable devices, automotive infotainment, PCs and laptops, gaming console, media devices, and television.

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Audio Codec Market: Growth Factors

The key factor that is driving the audio codec market is the increasing demand for the tablet, smartphones, and other mobile devices. In the recent years, the sales of these electronic devices have fuelled up to a great extent which in turn is increasing the demand for the audio codec. The other factors that are triggering the growth of the market are the increase in the population, rise in the disposable income, and the affordable prices of the mobile phones. In the recent years, the technology has developed at a rapid rate and internet has penetrated in all domains of industries which has positively affected the growth of the audio codec market. The challenge that is faced by the audio codec manufacturers is the constant optimization of the size of the components. Innovations are continuously happening thus the use of the optical media products have reduced considerably which negatively impacts the audio codec market.

Audio Codec Market : Report Scope

Audio Codec Market: Regional Analysis

The region that is contributing the maximum revenue share in the audio codec market is Asia Pacific region. The factor that is contributing to the growth of the market is the presence of the many market players in this region who are investing majorly in making innovations in the design of the product. The other regions that are contributing a good share in the audio codec market are the North America and Western Europe.

Audio Codec Market: Competitive Players

The key market players that are involved in the audio codec market include:

• DSP Group, Inc.
• Dolby Laboratories, Inc.
• Cirrus Logic, Inc.
• Analog Devices Inc.
• Texas Instruments Incorporated
• Maxim Integrated Products, Inc.
• Technicolor SA
• Fraunhofer IIS
• Realtek Semiconductor Corp., and others.

The global Audio Codec Market is segmented as follows:

By Component Type 

• software
• hardware 

By Channel Type 

• stereo codec 
• mono-codec 
• multi-channel codec

By Compression Type 

• lossless compression
• non-compression 
• lossy compression 
• and others

By Application 

• mobile phones and tablets 
• wearable devices 
• automotive infotainment 
• PCs and laptops
• gaming console 
• media devices
• television

Audio Codec Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.