Enjoy complimentary customisation on priority with our Enterprise License!
The audio driver IC market size is forecast to increase by USD 4.89 billion at a CAGR of 19.94% between 2023 and 2028. The market is experiencing significant growth due to the increasing penetration of smart devices, particularly in the consumer electronics industry. The popularity of wireless streaming of audio content, such as music and podcasts, is driving market demand, as more consumers seek convenient and portable audio solutions. Additionally, the increasing competition among vendors is leading to advancements in audio technology, resulting in improved sound quality and features. These trends are expected to continue, with the market projected to grow at a strong rate in the coming years. However, challenges such as the increasing complexity of audio systems and the need for low power consumption remain key considerations for market participants. Overall, the market is poised for continued growth, driven by technological advancements and evolving consumer preferences.
The audio driver IC market is witnessing significant growth due to the increasing demand for high-quality audio solutions in various applications. The market is driven by the surging popularity of smartphones and tablets, which are integrated with advanced audio processing capabilities to enhance music playback and communication experiences. The demand for energy-efficient audio devices is also on the rise, as consumers seek portable multimedia devices with extended battery life. Beyond consumer electronics, the audio IC market is expanding into the professional audio industry, automotive applications, and smart home gadgets. The integration of audio ICs in smart speakers, virtual reality, and augmented reality devices is further fueling market growth. The miniaturization of audio ICs is enabling the development of high-definition audio systems for cars and smart appliances. Amplification and sound quality remain key considerations in the market, as consumers demand great audio experiences across various applications.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The consumer electronics segment is estimated to witness significant growth during the forecast period. The Audio IC market encompasses various semiconductor devices, including audio processors, audio amplifiers, and converters, that are integral to the sound processing abilities of numerous consumer electronics. These devices are utilized in smartphones, tablets, TVs, music systems, car entertainment setups, smart home gadgets, and professional audio industry equipment. With the rise in demand for miniaturized, energy-efficient audio devices, manufacturers are investing heavily in designing complex sound systems that adhere to strong rules of sound quality, power consumption, and manufacturing costs. Digital signal processors (DSPs), analog and digital forms of audio ICs, and amplification and filtering circuits are essential components of these systems.
Furthermore, problems related to sound quality, power consumption, and manufacturing costs continue to challenge designers, necessitating ongoing advancements in audio tech. The global audio IC market is poised for growth due to the increasing popularity of smart appliances, which offer voice assistance, Wi-Fi and Bluetooth connectivity, and faster networks, leading to an escalating demand for audio ICs in consumer electronics.
Get a glance at the market share of various segments Request Free Sample
The consumer electronics segment was valued at USD 1.07 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The market encompasses a wide range of applications in consumer electronics, automotive industries, and telecommunication. Processors powering smartphones, computers, and tablets demand high-quality audio solutions for enhanced user experience. In the automotive sector, audio systems in cars and smart homes require advanced ICs for automotive audio and smart home appliances. High-definition audio, virtual reality (VR) technology, and augmented reality (AR) applications necessitate stereo systems, surround sound setups, and mono-channel ICs. Wearables and portable multimedia devices also utilize audio devices with high-definition audio systems and smart speakers. ROHM Semiconductor and other key players in the market cater to these diverse channel requirements, delivering innovative solutions for various applications. Consumer electronics, automotive applications, and smart appliances all benefit from the integration of audio ICs, ensuring superior sound quality and a great user experience.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing penetration of smart devices is the key driver of the market. The market is experiencing significant growth due to the increasing demand for advanced audio features in various devices. Smartphones, tablets, TVs, music systems, car entertainment setups, and smart home gadgets are integrating high-performance Audio ICs to enhance their sound processing abilities. These semiconductor devices, which include digital signal processors (DSPs), converters, amplifiers, and filters, are essential for converting analog to digital forms and vice versa, amplifying sound, and filtering input/output circuitry. In the professional audio industry, complex sound systems require strong rules for sound quality, power consumption, and manufacturing costs. Audio ICs, including audio processors, audio DSPs, and audio amplifiers, play a crucial role in delivering superior sound quality while ensuring energy efficiency and device miniaturization.
Furthermore, the growing trend of wearable devices such as Bluetooth headphones and wireless speakers further boosts the demand for these components. Developing regions, including APAC, the Middle East, Africa, and South America, are observing significant growth in the penetration of smart devices, leading to increased demand for audio ICs. China and India, in particular, are major markets for smartphones and other devices, driving the demand for energy-efficient and cost-effective audio IC solutions.
The popularity of wireless streaming of audio content is the upcoming trend in the market. The market is experiencing significant growth due to the increasing demand for audio technology in various devices. Smartphones and tablets are major contributors to this market, as they integrate advanced audio features for music and entertainment. Audio ICs are essential components in these devices, providing sound processing abilities through digital signal processors (DSPs), audio amplifiers, and converters. In addition, the shift towards smart home gadgets, entertainment setups, and car audio systems necessitates the use of energy-efficient and miniaturized audio ICs.
Furthermore, these semiconductor devices enable strong sound quality while minimizing power consumption and manufacturing costs. The professional audio industry also relies on audio ICs for complex sound systems, requiring high-frequency analog and digital forms for filtering, amplification, and input/output circuitry. The abandonment of traditional headphone jacks in smartphones is driving the market further, as wireless audio driver ICs become increasingly popular for their convenience and compatibility with smart devices.
The increasing competition among companies is a key challenge affecting the market growth. The market caters to various devices, including smartphones, tablets, TVs, music systems, car entertainment setups, and smart home gadgets. These devices require advanced audio features such as sound processing abilities, analog and digital forms, amplification, filtering, input/output circuitry, and converters for superior sound quality. Companies like Analog Devices, Infineon Technologies, Microchip Technology, Synaptic, and Cypress Semiconductor have been key players in the market, providing solutions for professional audio industry needs.
However, the market is witnessing an influx of new entrants, particularly from APAC, leading to increased competition. While strong technological know-how is not a prerequisite for market entry, the competition is expected to intensify, potentially resulting in price wars. Energy-efficient audio devices and miniaturization are crucial trends in the market, with a focus on digital signal processors (DSPs), audio processors, and audio amplifiers. The Audio IC market's growth is driven by the increasing demand for high-quality sound in various applications, leading to increased manufacturing costs and power consumption concerns.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Synaptics Inc. - The company focuses on the development, marketing, and sale of human-experience semiconductor solutions for electronic devices and products. The company offers audio driver ICs such as STA311B, and STA321MP.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand for audio technology in various devices. Smartphones and tablets are major contributors to this market, as they require advanced audio features for music playback and voice calls. The market also caters to TVs, entertainment setups, cars, and smart home gadgets, which demand high-quality sound processing abilities. Audio ICs come in both analog and digital forms, including digital signal processors (DSPs), converters, audio processors, audio amplifiers, and audio DSPs. These semiconductor devices are essential components of complex sound systems, enabling sound processing, amplification, filtering, and input/output circuitry.
Furthermore, manufacturers face challenges in designing audio ICs that meet the stringent rules of sound quality, power consumption, and manufacturing costs. The professional audio industry also requires high-performance audio ICs for energy-efficient and miniaturized audio devices. Frequency and wavelength play crucial roles in audio IC design, as they determine the sound quality and efficiency of the devices. Audio IC amplifiers and converters are essential components that require precise design and manufacturing to ensure optimal performance. In summary, the audio IC market is driven by the growing demand for audio technology in various devices, including smartphones, tablets, TVs, cars, and smart home gadgets. Manufacturers face challenges in designing audio ICs with high sound quality, low power consumption, and affordable manufacturing costs. Audio ICs come in various forms, including analog and digital devices, and are essential components of audio processors, audio amplifiers, and audio DSPs.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
183 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 19.94% |
|
Market growth 2024-2028 |
USD 4.89 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
16.12 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 41% |
|
Key countries |
US, China, Japan, Germany, and Canada |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
ams OSRAM AG, Analog Devices Inc., Asahi Kasei Microdevices Corp., Bang and Olufsen Group, Cirrus Logic Inc., ESS Technology Inc., Infineon Technologies AG, Monolithic Power Systems Inc., NXP Semiconductors NV, ON Semiconductor Corp., Princeton Technology Corp., Qualcomm Inc., Realtek Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Silicon Laboratories Inc., STMicroelectronics International N.V., Synaptics Inc., Texas Instruments Inc., and Toshiba Corp. |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
