Audio Codec Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Audio Codec Market is expected to grow from USD 5.9 billion in 2021 to USD 7.8 billion in 2028, at a CAGR of 5%. An audio codec (coder/decoder) is a type of audio IC (integrated circuit) that encodes analog audio into a digital signal and decodes the digital signal back to analog. It is an audio data converter that has both an analog-to-digital converter (ADC) and a digital-to-analog converter (DAC). Codecs, which are also data converters, are also used for encoding, decoding, compressing, and decompressing audio. Audio codecs use a bus to transmit digital data. These can include Linear Pulse Code Modulation (Linear PCM), Inter-IC Sound (I2S), AC-Link, Inter-Integrated Circuit (I2C), and Serial Peripheral Interface (SPI). Audio codecs find a wide range of applications in fields such as entertainment, gaming, consumer electronics, and automobiles.

Company Profile

Key players operating in the global audio codec market include Cirrus Logic, Inc., Qualcomm Inc., Realtek Semiconductor Corp., Analog Devices, Inc., Maxim Integrated Products, Inc., STMicroelectronics N.V., Texas Instruments Inc., DSP Group, Inc., Dolby Laboratories, Inc., Technicolor SA.

Market Segmentation

BY COMPONENT TYPE

• Hardware
• Software

BY APPLICATION

• Desktop and Laptop
• Mobile Phone and Tablet
• Music & Media Device and Home Theatre
• Television and Gaming Console
• Headphone, Headset, and Wearable Devices
• Automotive Infotainment

Scope of the Report

The research study analyzes the Audio Codec Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Audio Codec Market Report

1. What was the Audio Codec Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Audio Codec Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Audio Codec Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.