Global Audio Amplifier Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Audio Amplifier Market is estimated to be USD 5.25 Bn in 2023 and is expected to reach USD 7.72 Bn by 2028 growing at a CAGR of 8.01%.

Market Dynamics

An audio amplifier is an electronic amplifier that aids in amplifying low-power electronic audio signals, such as the signal from a radio receiver, to a level suitable for loudspeakers or headphones.

Consumer acceptance of different speaker-integrated gadgets and the rising need for smart devices are some of the main reasons driving the growth of the Audio Amplifier Market. The growing developments in electronic devices, including speakers, headphones, smartphones, laptops, P.C.s, tablets, GPS systems, and others that utilize audio amplifiers to boost the sound, are a significant factor driving the growth of the Audio Amplifier Market. In addition, the growing use of IoT and in-vehicle infotainment systems is fueling the development of the Audio Amplifier Market. The entertainment sector spends substantially on worldwide festivals and music performances, which increases the demand for professional audio equipment, increases the need for audio amplifiers and pushes the market's growth. Furthermore, the increasing use of sophisticated and energy-efficient electronic goods contributes to the development of the Audio Amplifier Market.

However, the high costs involved with the integration of Lc filters with audio amplifiers and the reduction in pricing margins for audio amplifier makers are likely to hamper industry expansion.

Market Segmentation

• The Global Audio Amplifier Market is segmented further based on Type, Product, Capacity & End-user Industry.
• By Channel Type, the market is classified into Mono Channel, Two Channel, Four-Channel, Six Channel & Others. The mono channel segment is estimated to hold the highest market share during the forecast period.
• By Device, the market is classified into Smartphones. Television Sets, Tablets, Desktops & Laptops, Home Audio Systems, Automotive Infotainment Systems. The home audio systems segment has accounted for the largest share in the global market of audio amplifiers.
• By End-User Industry, the market is classified into Consumer Electronics, Automotive, and Entertainment. The entertainment segment has accounted for the largest share in the global market
• By Geography, North America is projected to lead the market.

Recent Developments

1. Analog Devices Completes Acquisition of Maxim Integrated - 26th Aug 2021
2. Austin's Cirrus Logic acquires California tech company for USD 335 million - 9th Jul 2021
3. Infineon Technologies AG completes acquisition of Cypress Semiconductor Corporation - 16th Apr 2020

Company Profiles

Some of the companies covered in this report are Bryston Ltd, Harman International, Kenwood Corporation, ON Semiconductor, ROHM Semiconductor, STMicroelectronics, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Audio Amplifier Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market