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Global Audio Codec Market 2022-2028

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    Report

  • 200 Pages
  • March 2022
  • Region: Global
  • Triton Market Research
  • ID: 5561567

MARKET OUTLOOK


Based on estimates by the publisher, the global market for audio codecs is expected to register revenue growth at a CAGR of 9.27% over the forecasting period 2022-2028.

The growing adoption of wearable devices, a surge in energy-efficient devices, and implementation of optimization techniques in the electronics sectors support the studied market’s growth globally. In addition, the development of HD music streaming and the expansion of OTT generates new opportunities for the global market.

However, patented market and IP licensing limitations and availability of open-source audio codecs negatively impact the overall market’s growth.

REGIONAL OUTLOOK


The global audio codec market includes North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa regions.

Globally, the Asia-Pacific is expected to emerge as the fastest-growing region during the forecast period. The region’s robust growth can be attributed to the growing popularity of streaming media among the young population. This popularity has resulted in the market attaining the largest share in the region. Furthermore, the adoption of an enhanced voice services codec that is standardized for mobile communication has contributed to the growth of the audio codec market. Several technologies, such as lossless audio codecs, are being tested and offered in the region first, which ultimately propels the audio codec market on a growth path.

COMPETITIVE OUTLOOK


The prominent companies mentioned in the audio codec market are Ittiam Systems Pvt Ltd, Rohm Corporate Ltd, Barix AG, Analog Devices Inc, Synopsys Technology Inc, Texas Instruments Inc, Qualcomm Inc, Cirrus Logic Inc, STMicroelectronics, Dialog Semiconductor Plc, Fraunhofer Institute of Integrated Circuits, Synaptics Inc, Realtek Semiconductor Corp, Dolby Laboratories Inc, and Sony Group Inc.

Qualcomm Inc is a technology company involved in designing, manufacturing, and marketing digital technologies and products employed in mobile devices, wireless products, and network equipment. It also offers audio codecs, server processors, cellular modems, and Bluetooth products, among others. The company provides products and services across various industries, including telecom, automotive, AI, and computing. Besides, it markets products under various brands such as MSM, Hexagon, and Wireless Reach. Qualcomm is a global company with operations across the APAC, Europe, and the Middle East and Africa.

Table of Contents

1. Global Audio Codec Market - Summary
2. Industry Outlook
2.1. Impact of Covid-19 on Audio Codec Market
2.2. Evolution & Transition of Audio Codec
2.3. Key Insights
2.3.1. Surge in Mobile Gaming
2.3.2. Evolution of Software Audio Codec
2.3.3. Growing Usage of Smartphone Devices
2.4. Porter’S Five Forces Analysis
2.4.1. Threat of New Entrants
2.4.2. Threat of Substitutes
2.4.3. Bargaining Power of Buyers
2.4.4. Bargaining Power of Suppliers
2.4.5. Threat of Competitive Rivalry
2.5. Key Impact Analysis
2.5.1. Application
2.5.2. Cost-Effectiveness
2.5.3. Compatibility
2.6. Market Attractiveness Index
2.7. Vendor Scorecard
2.8. Industry Components
2.9. Key Market Strategies
2.9.1. Acquisitions
2.9.2. Product Developments
2.9.3. Agreements
2.9.4. Business Expansion
2.10. Market Drivers
2.10.1. Growing Adoption of Wearable Devices
2.10.2. Rise in Energy-Efficient Devices
2.10.3. Robust Optimization Techniques in the Electronics Industry
2.11. Market Challenges
2.11.1. Patented Market and Ip Licensing Restrictions
2.11.2. Availability of Open-Source Audio Codecs
2.12. Market Opportunities
2.12.1. Development of Hd Music Streaming
2.12.2. Expansion of Cinema and Ott Platform
3. Global Audio Codec Market Outlook - by Component
3.1. Software Audio Codec
3.2. Hardware Audio Codec
4. Global Audio Codec Market Outlook - by Application
4.1. Computer
4.2. Phones
4.3. Tablets
4.4. Over-Ear Headphones
4.5. True Wireless Stereo
4.6. Home Entertainment
4.7. Commercial
4.8. Automotive
4.9. Portable
4.10. Smart Homes
4.11. Wearables
4.12. Other Applications
5. Global Audio Codec Market - Regional Outlook
5.1. North America
5.1.1. Market by Component
5.1.2. Market by Application
5.1.3. Country Analysis
5.1.3.1. United States
5.1.3.2. Canada
5.2. Europe
5.2.1. Market by Component
5.2.2. Market by Applications
5.2.3. Country Analysis
5.2.3.1. United Kingdom
5.2.3.2. Germany
5.2.3.3. France
5.2.3.4. Spain
5.2.3.5. Italy
5.2.3.6. Russia
5.2.3.7. Rest of Europe
5.3. Asia-Pacific
5.3.1. Market by Component
5.3.2. Market by Application
5.3.3. Country Analysis
5.3.3.1. China
5.3.3.2. Japan
5.3.3.3. India
5.3.3.4. South Korea
5.3.3.5. Asean Countries
5.3.3.6. Australia & New Zealand
5.3.3.7. Rest of Asia-Pacific
5.4. Latin America
5.4.1. Market by Component
5.4.2. Market by Application
5.4.3. Country Analysis
5.4.3.1. Brazil
5.4.3.2. Mexico
5.4.3.3. Rest of Latin America
5.5. Middle East and Africa
5.5.1. Market by Component
5.5.2. Market by Application
5.5.3. Country Analysis
5.5.3.1. United Arab Emirates
5.5.3.2. Saudi Arabia
5.5.3.3. Turkey
5.5.3.4. South Africa
5.5.3.5. Rest of Middle East & Africa
6. Competitive Landscape
6.1. Analog Devices Inc
6.2. Cirrus Logic Inc
6.3. Qualcomm Inc
6.4. Dialog Semiconductor plc
6.5. Dolby Laboratories Inc
6.6. Realtek Semiconductor Corp
6.7. Texas Instruments Inc
6.8. Fraunhofer Institute of Integrated Circuits
6.9. Stmicroelectronics
6.10. Barix AG
6.11. Rohm Corporate Ltd
6.12. Ittiam Systems Pvt Ltd
6.13. Sony Group Inc
6.14. Synopsys Technology Inc
6.15. Synaptics Inc
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Data Sources
7.3. Research Methodology
List of Tables
Table 1: Global Audio Codec Market, by Regional Outlook, 2022-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: List of Acquisitions
Table 4: List of Product Launches & Developments
Table 5: List of Partnerships & Agreements
Table 6: List of Business Expansions & Divestitures
Table 7: Region-Wise Smart Wearable Bands Shipment 2020 (In $ Million)
Table 8: Global Audio Codec Market, by Component, 2022-2028 (In $ Million)
Table 9: Global Audio Codec Market, by Application, 2022-2028 (In $ Million)
Table 10: Global Audio Codec Market, by Regional Outlook, 2022-2028 (In $ Million)
Table 11: North America Audio Codec Market, by Country, 2022-2028 (In $ Million)
Table 12: North America Audio Codec Market, by Component, 2022-2028 (In $ Million)
Table 13: North America Audio Codec Market, by Application, 2022-2028 (In $ Million)
Table 14: Europe Audio Codec Market, by Country, 2022-2028 (In $ Million)
Table 15: Europe Audio Codec Market, by Component, 2022-2028 (In $ Million)
Table 16: Europe Audio Codec Market, by Application, 2022-2028 (In $ Million)
Table 17: Asia-Pacific Audio Codec Market, by Country, 2022-2028 (In $ Million)
Table 18: Asia-Pacific Audio Codec Market, by Component, 2022-2028 (In $ Million)
Table 19: Asia-Pacific Audio Codec Market, by Application, 2022-2028 (In $ Million)
Table 20: Latin America Audio Codec Market, by Country, 2022-2028 (In $ Million)
Table 21: Latin America Audio Codec Market, by Component, 2022-2028 (In $ Million)
Table 22: Latin America Audio Codec Market, by Application, 2022-2028 (In $ Million)
Table 23: Middle East and Africa Audio Codec Market, by Country, 2022-2028 (In $ Million)
Table 24: Middle East and Africa Audio Codec Market, by Component, 2022-2028 (In $ Million)
Table 25: Middle East and Africa Audio Codec Market, by Application, 2022-2028 (In $ Million)
List of Figures
Figure 1: Penetration Rate of Mobile Games, by Type, 2020 (In %)
Figure 2: Worldwide Smartphone Users in 2016-2025
Figure 3: Key Buying Impact Analysis
Figure 4: Market Attractiveness Index
Figure 5: Industry Components
Figure 6: Penetration Rate of Ott Platforms, by Device Type, 2021 (In %)
Figure 7: Global Audio Codec Market, Component Outlook, 2021 & 2028 (In %)
Figure 8: Global Audio Codec Market, by Software Audio Codec, 2022-2028 (In $ Million)
Figure 9: Global Audio Codec Market, by Hardware Audio Codec, 2022-2028 (In $ Million)
Figure 10: Global Audio Codec Market, Application Outlook, 2021 & 2028 (In %)
Figure 11: Global Audio Codec Market, by Computer, 2022-2028 (In $ Million)
Figure 12: Global Audio Codec Market, by Phone, 2022-2028 (In $ Million)
Figure 13: Global Audio Codec Market, by Tablets, 2022-2028 (In $ Million)
Figure 14: Global Audio Codec Market, by Over-Ear Headphones, 2021-2028 (In $ Million)
Figure 15: Global Audio Codec Market, by True Wireless Stereo, 2022-2028 (In $ Million)
Figure 16: Global Audio Codec Market, by Home Entertainment, 2022-2028 (In $ Million)
Figure 17: Global Audio Codec Market, by Commercial, 2022-2028 (In $ Million)
Figure 18: Global Audio Codec Market, by Automotive, 2022-2028 (In $ Million)
Figure 19: Global Audio Codec Market, by Portable, 2022-2028 (In $ Million)
Figure 20: Global Audio Codec Market, by Smart Home, 2022-2028 (In $ Million)
Figure 21: Global Audio Codec Market, by Wearables, 2022-2028 (In $ Million)
Figure 22: Global Audio Codec Market, by Other Applications, 2022-2028 (In $ Million)
Figure 23: Global Audio Codec Market, Regional Outlook, 2021 & 2028 (In %)
Figure 24: United States Audio Codec Market 2022-2028 (In $ Million)
Figure 25: Canada Audio Codec Market 2022-2028 (In $ Million)
Figure 26: United Kingdom Audio Codec Market 2022-2028 (In $ Million)
Figure 27: Germany Audio Codec Market 2022-2028 (In $ Million)
Figure 28: France Audio Codec Market 2022-2028 (In $ Million)
Figure 29: Spain Audio Codec Market 2022-2028 (In $ Million)
Figure 30: Italy Audio Codec Market 2022-2028 (In $ Million)
Figure 31: Russia Audio Codec Market 2022-2028 (In $ Million)
Figure 32: Rest of Europe Audio Codec Market 2022-2028 (In $ Million)
Figure 33: China Audio Codec Market 2022-2028 (In $ Million)
Figure 34: Japan Audio Codec Market 2022-2028 (In $ Million)
Figure 35: India Audio Codec Market 2022-2028 (In $ Million)
Figure 36: South Korea Audio Codec Market 2022-2028 (In $ Million)
Figure 37: Asean Countries Audio Codec Market 2022-2028 (In $ Million)
Figure 38: Australia & New Zealand Audio Codec Market 2022-2028 (In $ Million)
Figure 39: Rest of Asia-Pacific Audio Codec Market 2022-2028 (In $ Million)
Figure 40: Brazil Audio Codec Market 2022-2028 (In $ Million)
Figure 41: Mexico Audio Codec Market 2022-2028 (In $ Million)
Figure 42: Rest of Latin America Audio Codec Market 2022-2028 (In $ Million)
Figure 43: United Arab Emirates Audio Codec Market 2022-2028 (In $ Million)
Figure 44: Saudi Arabia Audio Codec Market 2022-2028 (In $ Million)
Figure 45: Turkey Audio Codec Market 2022-2028 (In $ Million)
Figure 46: South Africa Audio Codec Market 2022-2028 (In $ Million)
Figure 47: Rest of Middle East & Africa Audio Codec Market 2022-2028 (In $ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Analog Devices Incorporated
  • Cirrus Logic Incorporated
  • Qualcomm Incorporated
  • Dialog Semiconductor plc
  • Dolby Laboratories Incorporated
  • Realtek Semiconductor Corp
  • Texas Instruments Incorporated
  • Fraunhofer Institute of Integrated Circuits
  • Stmicroelectronics
  • Barix AG
  • Rohm Corporate Ltd
  • Ittiam Systems Pvt Ltd
  • Sony Group Incorporated
  • Synopsys Technology Incorporated
  • Synaptics Incorporated

Methodology

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