Market Overview
The global audio IC market is growing rapidly, witnessing the growing demand across end-user applications. Besides, the rising uses of audio ICs in automotive audio, professional audio, smart home, and intelligent & portable devices applications substantiate market growth. Reliable voice generation demand in automotive audio systems plays a major role in the development of the market, maintaining the safety of vehicle occupants and pedestrians.
Resultantly, the spurring growth in the automotive and consumer electronics industries escalates the demand in the market. According to Market Research Future (MRFR), the global audio ic market trends is poised to create a valuation of USD 17.52 BN by 2025, growing at 16.1 CAGR throughout the forecast period (2019 – 2025).
The market was valued at USD 6.31 Billion in 2018. Over recent years, the increasing proliferation of Advanced Driver Assistance System (ADAS) and other safety systems designed to notify vehicle drivers about the operation and surrounding environment prompts auto manufacturers to develop efficient audio systems that utilize voice and sound effects to issue warnings and alerts.
Miniaturization of components, alongside the rapid developments in connected devices and IoT technology, has facilitated the integration of audio ICs in many industrial applications. These compact size components also offer greater assistance to transform analog to digital designs and provide improved flexibility with higher efficiency for consumer electronics and wearable devices.
The miniaturization of components that have increased the demand for integrated power for application-specific processors and subsystems boosts the market sales. Conversely, the high cost required for intricate audio IC design is the key factors projected to impede the market growth. Nevertheless, the rising need for low energy consumption high-performance solutions with high-power density would support the market growth throughout the assessment period.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/8624
Segments:
The global audio ic market trends has been segmented among various segments, such as type and application.
Depending on type segment, the audio IC market has included audio DSPs, audio converters (audio ADC, audio DAC, others), audio amplifiers (volume control IC, audio line drivers and receivers, speaker amplifier), microphone preamplifiers, audio processors, and others.
Depending on the application segment, the audio IC market has included professional audio, automotive audio, smart and portable devices, smart home, and more.
Global Audio IC Market - Regional Analysis
North America dominates the global audio IC market. The largest market share is attributed to the rising technology advancement and increasing demand for consumer electronics devices such as computers, smartphones, and others. Besides, the increasing adoption of audio ICs in the automotive and consumer electronics industries drives the growth of the market. Moreover, the strong presence of notable audio IC manufacturers, such as Texas Instruments and Analog Devices, plays a crucial role in market development.
Increasing adoption and implementation of audio ICs across the industry verticals increase the audio IC market size. The US holds the key share in the regional market due to its rapidly growing audio IC market. Also, the proliferating automotive industry in the region fuels the demand for audio ICs. The North American audio IC market is projected to retain its dominance throughout the estimated period.
Key Players:
The top market players in the audio IC market are listed across all the significant regions are STMicroelectronics, Texas Instruments, Maxim Integrated, Analog Devices Inc, Cirrus Logic, THAT Corporation, Infineon, ams AG, New Japan Radio (NJR), Microchip, ON Semiconductor, NXP Semiconductor, ROHM Semiconductor, Renesas Electronics, and Tempo Semiconductor.
Get Complete Report @ https://www.marketresearchfuture.com/reports/audio-ic-market-8624
Market Research Analysis:
Globally, the audio IC market has been studied among the regions of Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. Among these, the North America region is leading the audio IC market owing to the mounting advancement in technology and ever-increasing demand for consumer electronics devices such as computers, smartphones, and more. The US has grabbed the most significant share for the audio IC market in North America owing to the surged adoption of audio ICs in the automotive and consumer electronics industries.
Moreover, the existence of various manufacturers of audio ICs such as Texas Instruments and Analog Devices play a critical role in the escalation of the market. Apart from that, risen investments made by various US-based companies in the automotive industry in Mexico are likely to stimulate the demand for audio ICs over the forecast period.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
COVID-19 Impact Analysis on Analog IC Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the analog ic market include Analog Devices, Inc., Infineon Technologies AG, Skyworks Solutions, Inc., Richtek Technology Corp., Texas Instruments Inc., Global Mixed-Mode Technology Inc., Taiwan Semiconductor Manufacturing Company, Ltd., Maxim Integrated, STMicroelectronics and Qualcomm Technologies, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Analog IC Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/analog-ic-market/download-sampleMarket DynamicsThe market is mainly driven by the rising penetration of tablets, smartphones, and technological advancement in consumer electronic devices worldwide.
However, design complexities and lack of innovation may impede the growth of the market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
