About Audio Codec
An audio codec is a digital electronic device or computer-based software application which is mainly used for the conversion of the analog as well as digital audio signals for the purpose of storage and transmission. In the software component, an audio codec consists of computer programs which are capable of compressing or decompressing digital audio data. In the hardware component, an audio codec refers to the analog-to-digital converter as well as a digital-to-analog converter. An audio codec is widely used in television for MP3, AAC, Vorbis, FLAC, among others. According to an article published by India Brand Equity Foundation, the television market in India is anticipated to grow to USD 11.78 Billion in 2018, from USD 9.23 Billion in 2016, which shows that increase of 12.97% in 2016-18. Hence, increasing the usage of audio codec in the television market will directly affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Audio Codec market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cirrus Logic, Inc. (United States), Texas Instruments Inc. (United States), STMicroelectronics N.V (Switzerland), Qualcomm Inc. (United States), Analog Devices, Inc. (United States), Maxim Integrated Products Inc. (United States), Realtek Semiconductor Corp. (Taiwan), Dolby Laboratories, Inc. (United States), Fraunhofer IIS (Germany) and Technicolor SA (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are DSP Group, Inc. (United States) and Dialog Semiconductor PLC (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Audio Codec market by , Application (Mobile phones and Tablets, Wearable Devices, Automotive Infotainment, PCs and laptops, Gaming console, Media devices, Television and Others) and Region.
On the basis of geography, the market of Audio Codec has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Compression Type, the sub-segment i.e. Non-Compression will boost the Audio Codec market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channel Type, the sub-segment i.e. Mono-Codec will boost the Audio Codec market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Audio Codec market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle of Urban Population and Growing Adoption of Wireless Headsets and other Related Devices Worldwide
Market Growth Drivers:
Rising Demand for the Tablet, Smartphones, and other Mobile Devices, Growing Internet Penetration and Data Traffic and Rising Mobile Phone Subscriptions and Increasing Internet penetration and Data Traffic and Growing Mobile Phone Subscription
Challenges:
Issue related to Continuous Optimization of Component Size is the Major Challenges for the Market
Restraints:
Problem related to Decline in the Usage of Optical Media Products
Opportunities:
Emerging Demand for Set-Top Boxes and Video-On-Demand Services in Future and Rising Demand for Infotainment in Passenger Cars Globally
Market Leaders and their expansionary development strategies
In February 2019, the Dialog Semiconductor PLC (United Kingdom) Company has acquired Texas Instruments Inc. (United States), which manufactures various types of the audio codec. Therefore, this acquisition will help in strengthening the position of the company in the future.
In October 2022, Ferncast has launched a new, premium product into its Audio Codec Servers line. The products are suited to large-scale multi-format audio streaming and transcoding, adding that the Redundant ACS is the most powerful Audio Codec Server in its lineup., and In May 2019, the Dialog Semiconductor PLC (United Kingdom) Company has launched audio codecs, which mainly delivers groundbreaking active noise cancellation. Hence, this product launch will benefit increase in the product portfolio of the company.
Key Target Audience
Semiconductor foundry, Raw material suppliers, Testing and calibration firms, Government and other regulatory bodies, Audio codec, ADC, DAC integrated circuits (ICs) manufacturers, System Integrators, Suppliers and Distributors, Intellectual property (IP) and licensing providers, Middleware providers, Research institutes and organizations and Market research and consulting firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.