Report Highlights
The global market for audio codec integrated circuits (ICs) should grow from $6.3 billion in 2020 to reach $8.3 billion by 2025, at a compound annual growth rate (CAGR) of 5.7% during the forecast period of 2020-2025.
Report Includes
- 39 data tables and 23 additional tables
- An overview of the global market for audio codec integrated circuits (ICs) within the industry
- Analyses of global market trends with data from 2019-2020, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2025
- Highlights of the new technological developments and evaluation of market size and market share analysis for audio codecs based on component, application and geographical region
- Identification of market drivers, restraints and other forces affecting the growth of the market
- Impact of COVID-19 on the audio codec market as against the overall semiconductor industry
- Coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Company profiles of the key market players, including Analog Devices Inc., Cirrus Logic, DSP Group, Realtek Semiconductor, Maxim Integrated, Qualcomm, Texas Instruments, STMicroelectronics and Fraunhofer IIS
Report Scope
In this report, the market is segmented by component, application and geography. The component segment is further broken down into hardware and software.
The software segment only includes those software components or audio codec algorithms that are implemented on hardware IC/chips to enable audio codec functionalities in Bluetooth-enabled consumer electronic devices. Thus, the software segment only focusses on software audio codecs which are used in Bluetooth devices (known as Bluetooth audio codecs) such as SBC, LDAC, LC3, and AAC.
This report provides an overview of the global audio codec market and analyzes market trends and challenges that will affect the vendor landscape. Using 2019 as the base year, the report provides market projections for the forecast period 2020 through 2025. This report also takes into consideration the economic slowdown caused by lockdowns across the world due to the COVID-19 pandemic.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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