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• Minakshi Thorat

  

  • 738 posts
   

  September 23, 2021 3:19 AM EDT

  Industry Insight

   

  Global Audio IC Industry 2020 was estimated at 6.31 Billion in 2018 and is poised to reach USD 17.52 Billion by the year 2025, according to the report found by Market Research Future. The report also states that the market is set to grow at a rate of 16.1% during the forecast period (2016–2025).

  Get Free Sample Report:  https://www.marketresearchfuture.com/sample_request/8624

   

  Top Impacting Factors

  
  The foremost driver motivating the global audio driver IC market is escalating penetration of audio driver IC in consumer electronics. With the augmented demand of televisions, smartphones, and home entertainment systems, the demand for audio driver IC is screening a positive growth trend, all over the world. The surged demand for compact and energy-efficient devices among consumers for both domestic and commercial use is also triggering market growth globally.

   

  The usage of the digital audio system and digital audio IC has endorsed high-quality and room-filling sound. The audio IC has its benefits, unavoidably likely to transform the traditional audio platform from analog to digital, conclusively motivating to deliver growth of the global audio IC market during the foretell period. In fact, the rising demand for speakers, television, Smartphones, home entertainment, and other consumer electronics plausible to add to the global audio IC market growth parameters during the assessment period.

  
  Along with these factors, many manufacturers from all over the world are focusing on the development of compact, energy-efficient, and cost-effective devices for domestic and commercial usage anticipated to accelerate the growth of the global audio IC market in the forecast period. Additionally, the escalating trend of investment in a self driven autonomous car requires an onboard computer with digital audio IC, likely to spur the growth of the global digital audio IC market during the assessment period.

  
  Despite these factors, some factors, such as the unavailability of raw materials of audio driver IC from the supplier side is posing as a significant factor hindering the growth of the global audio driver IC market. Also, the factor of the high cost of integration in commercial usage of amplifiers is creating a significant restraint of the global audio driver IC market. Augmented demand for customized amplifiers of sound systems in the entertainment industry and manufacturers are making them available, which is creating great opportunity in the overall audio driver IC market.

  
  Segmentation of Market: Audio Driver IC

  The global Audio IC market 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.

   

  Access Report Details @ https://www.marketresearchfuture.com/reports/audio-ic-market-8624

   

  Regional Outlook

  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. 

  
  Top Market 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.

   

  About Market Research Future:

  Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

  MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.