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Audio Codec Market Regional Outlook With Future Trends by 2023


Image result for audio codecThe global audio codec market is expected to witness significant growth during the forecast period due to increasing demand of mobile and tablets. The increasing penetration of data traffic and internet and growing adoption of mobile phones, tablets at low cost are driving the growth of global audio codec market. The other factors contributing to the increased demand of audio code is escalating the usage of wearable devices in everyday life due to the changing consumer need and advancement in lifestyle.

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The increasing adoption of set–top boxes and video on demand services and increasing demand for infotainment are increasing the opportunities for the global audio codec market. However, the restraints hampering the growth of the global codec market are continuous optimization of the component size and lack of expertise in handling the audio codec device.

An audio codec contains line inputs & micro phone, signal routing & mixing channels, amplifier block, multiple analog-to-digital converter (ADC) and digital-to-analog converter (DAC) channels. It also consists of variety of output drivers, including line outputs, and headphone and loudspeaker drivers as well as small digital processing block that consists of interpolating filters and standard integrated interchip sound (I2S) and digital audio interface.

Geographically, Asia-Pacific is the largest audio codec market. Asia-Pacific is expected to witness increasing growth as the region is a major manufacturing hub for consumer electronic industry. The market in Japan is expected to witness fastest growth during the forecast period, since it has evolved as largest producer of smart phones, laptops, TV, and various other applications along with the largest consumer of audio codec system.

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Some of the key players of the global audio codec market are Cirrus Logic Inc., Texas Instruments Inc., Qualcomm Incorporated, Maxim Integrated Products Inc., STMicroelectronics N.V., Realtek Semiconductor Corp., Dolby Laboratories Inc. and Technicolor Inc.

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