Registering a CAGR of 5.6% over the forecast period, the market value of Low Power Audio Codecs is expected to reach US$ 7900 million in the year 2027.
A Low-Power Audio Codec is a device designed for use in portable or wearable applications. The primary reasons for this increase in demand are an increasing shift in the consumer base for IoT-enabled devices, an increase in communication devices in the midst of the global pandemic, and a pull for wireless entertainment and communication electronic products.
With the increased global adoption of software embedded devices, which provide flexibility for an upgrade, consume less space, and are cost-effective. Companies such as Qualcomm and Realtek are developing software capabilities in order to provide cutting-edge data solutions to technologically savvy customers and capture a large market share.
Wearables such as smart watches, wireless hear phones, and headsets are becoming more popular because they are small, inexpensive, and provide easy connectivity to the user. Furthermore, the integration of these devices with IoT and ML has enabled users to purchase these items for communication and entertainment purposes.
The report aspects discussed the profile of the top manufacturers of the global Low Power Audio Codecs market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Low Power Audio Codecs Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Low Power Audio Codecs includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Synaptics(US), Infineon Technologies(Germany), Dialog Semiconductor (UK), Cirrus Logic(US), Knowles(US), Asahi Kasei Microdevices (Japan), Analog Devices(US), STMicroelectronics (Switzerland), ON Semiconductor(US), Texas Instruments (US), Rohm(Japan), Silicon Laboratories (US), NXP Semiconductors(Netherlands) and others.
Qualcomm Introduces aptX Voice Audio Technology for Improved Voice Call Quality
JAN 6, 2020— Qualcomm Technologies International, Ltd., a Qualcomm Incorporated subsidiary, introduces Qualcomm® aptXTM Voice audio, a new voice codec that provides high-definition voice quality over a Bluetooth wireless connection. Voice intelligibility and comprehension are critical for phone communication, and aptX Voice, a new feature of Qualcomm® aptXTM Adaptive audio technology, is designed to significantly improve voice quality for those using Bluetooth accessories to make voice calls.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
In terms of demand generation, the North American region dominates the global Low Power Audio Codecs market. The Asia Pacific Region’s Low Power Audio Codecs market is expected to expand at a rapid pace. The regional market is subdivided and analyzed at the granular level across key countries. The report will include market size and forecast for the Low Power Audio Codecs market in each of the countries listed below.
The Low Power Audio Codecs Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Low Power Audio Codecs Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Low Power Audio Codecs Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Low Power Audio Codecs Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Low Power Audio Codecs Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Synaptics(US), Infineon Technologies(Germany), Dialog Semiconductor (UK), Cirrus Logic (US) |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.6% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Synaptics(US), Infineon Technologies(Germany), Dialog Semiconductor (UK), Cirrus Logic(US), Knowles(US), Asahi Kasei Microdevices (Japan), Analog Devices(US), STMicroelectronics (Switzerland), ON Semiconductor(US), Texas Instruments (US), Rohm(Japan), Silicon Laboratories (US), NXP Semiconductors(Netherlands) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 163 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Low Power Audio Codecs Market is studied from 2017 - 2027.
What is the growth rate of the Low Power Audio Codecs Market?
The Low Power Audio Codecs Market is growing at a CAGR of 5.6% over the next 5 years.
Who are the key players in Low Power Audio Codecs Market?
Synaptics(US), Infineon Technologies(Germany), Dialog Semiconductor (UK), Cirrus Logic(US), Knowles(US), Asahi Kasei Microdevices (Japan), Analog Devices(US), STMicroelectronics (Switzerland), ON Semiconductor(US), Texas Instruments (US), Rohm(Japan), Silicon Laboratories (US), NXP Semiconductors(Netherlands)
What regions does this Low Power Audio Codecs Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Low Power Audio Codecs Market?
What are the major end-use applications of Low Power Audio Codecs Market?
Desktop and Laptop, Mobile Phone and Tablet, Music & Media Device and Home Theatre, Television and Gaming Console, Headphone, Headset, and Wearable Device, Automotive Infotainment, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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