The Asia Pacific Audio Amplifier Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030).
High-end automakers like Mercedes-Benz and BMW are renowned for outfitting their cars with excellent sound systems that use innovative audio amplifiers to improve audio quality. These amplifiers produce a loud, clear sound that immerses drivers and passengers in in-car entertainment. As a result, the market is expanding due to the growing popularity of in-car infotainment systems.
Another significant factor driving the market is consumer electronics' popularity. People are utilizing a wide range of electronic devices with increased multimedia capabilities as technology develops, including smartphones, tablets, laptops, and smart speakers. These gadgets usually have headphone connections or built-in speakers, but their audio quality might fall short of the standards of customers who value listening to high-quality music. The demand for external audio amplifiers has increased, which could boost audio output and provide better sound quality.
Users in the gaming industry, for instance, demand highly immersive experiences with realistic audio effects, which calls for the employment of strong audio amplifiers. Audio amplifiers are crucial in providing precise and dynamic sound localization, so spatial audio is widely employed in virtual reality applications to create a sense of presence. The growing need for audio tone amplifier applications across numerous industries offers audio amplifier manufacturers a lucrative opportunity to develop customized amplification solutions adapted to the unique requirements of these applications.
The gaming industry in Japan is anticipated to increase to 9.9 billion yen (US$71 million) in 2022 and more than 18 billion yen (US$129 million) by 2025, according to International Trade Administration, which noted that the gaming sector grew throughout this time. The number of gaming fans also significantly expanded with the transition of tournaments to virtual formats. By 2022, there are expected to be more than 7.8 million eSports spectators, up from an estimated 3.8 million in 2018. The market will develop in this region as a result of the expanding digital gaming industry who need high-quality audio.
The China market dominated the Asia Pacific Audio Amplifier Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $690.9 million by 2030. The Japan market is registering a CAGR of 5.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.7% during (2023 - 2030).
Based on Class, the market is segmented into Type D, Type AB, Type A, Type B, and Others. Based on Channel, the market is segmented into 2-Channel, 4-Channel, Mono, and Others. Based on End Use, the market is segmented into Smartphone, Desktops & Laptops, TV Sets, Automotive Infotainment Systems, Tablets, Home Audio Systems, and Professional Audio Systems. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Audio Amplifier Market is Projected to reach USD 6.4 Billion by 2030, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, Yamaha Corporation, NXP Semiconductors N.V., Cirrus Logic, Inc., JVCKENWOOD Corporation, Texas Instruments, Inc., Analog Devices, Inc., ON Semiconductor Corporation, STMicroelectronics N.V. and QUALCOMM Incorporated (Qualcomm Technologies, Inc.).
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