The Global Audio Amplifier Market size is expected to reach $6.4 billion by 2030, rising at a market growth of 5.6% CAGR during the forecast period.
In-car entertainment systems aim to create a seamless and enjoyable user experience by integrating various services, including music, video, navigation, communication, and connectivity. Consequently, the Automotive Infotainment Systems segment registered $350.4 million revenue in 2022, as a result of the increasing popularity of in-vehicle infotainment systems as they equip audio amplifiers. The development of in-vehicle infotainment has been significantly aided by the incorporation of smart technologies, including connected car technology, Internet of Things connectivity, and vehicle-to-everything (V2X) communication, as a comprehensive set of cutting-edge features that are built into cars to offer entertainment, information, connectivity, and communication services.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In August, 2021, NXP Semiconductors N.V. acquired Retune DSP, to strengthen NXP's capability in delivering performance-rich voice control solutions to its customers. Additionally, In August, 2021, Analog Devices, Inc. took over Maxim Integrated Products Incorporated, to enhance Analog Device's share in the semiconductor market.
Based on the Analysis presented in the KBV Cardinal matrix; QUALCOMM Incorporated is the forerunner in the Market. In May, 2023, Qualcomm Technologies, Inc. announced the acquisition of Autotalks. The acquisition adds Autotalk's V2X portfolio to Qualcomm's Snapdragon Digital Chassis portfolio. Companies such as STMicroelectronics N.V., NXP Semiconductors N.V., Infineon Technologies AG are some of the key innovators in the Market.
Customers with connected home gadgets can voice-order via smart speakers. As a result, the most important and typical electronics in smart homes are speaker systems, which serve as their central hub. The built-in smart home hub makes it simple to connect to smart devices and carry out tasks like changing the lighting, streaming music, and doing internet searches. In order to experience 3-D audio, newly launched gadgets include Dolby Atmos. The market is predicted to develop as a result of the increasing popularity of consumer electronics and smart devices.
Increased demand for high-quality music, particularly among audiophiles, is one of the main factors propelling the expansion of high-definition audio products. The worldwide demand for high-definition audio products has also grown due to the increasing demand for high-quality wireless audio technologies and gadgets. The local industry, the commercial sector, and niche industries like security services and military departments are some places where such high-quality wireless audio devices are needed. The market will expand because of the rising demand for high-quality audio, influenced by changes in media consumption habits and increased accessibility to audio equipment.
Amplifiers can enhance both the desired signal and any input noise. The signal-to-noise ratio will suffer due to this noise, which may be interference from the outside world or thermal noise from the amplifier's internal components. While amplifying, an amplifier only makes the input signal stronger, regardless of the presence of information or noise. Due to their propensity to introduce hum from unexpected temperature changes or stray magnetic and electric fields, amplifiers are the source of this noise or other disturbance. The output of a receiver system is affected by noise, which also affects its sensitivity. This may result in negatively impacting the perception of user. Thus, the market will slow down due to noise interference from amplifiers.
Based on class, the market is fragmented into type A, type B, type AB, type D, and others. In 2022, the type D segment registered the highest revenue share in the market. Concerns regarding power consumption are brought up by the prevalence of portable mobile audio equipment, such as cell phones, MP3 players, and small docking stations. Less electricity must be used to ensure that batteries last as long as possible.
By channel, the market is categorised into mono, 2-channel, 4-channel, and others. The mono channel segment procured a promising growth rate in the market in 2022. A single microphone and a single loudspeaker are widely used for monophonic sound recording. One signal path is combined and transmitted for both headphones and several loudspeakers. No loudness, arrival time, or phase information is present in the signal to replicate or approximatively represent directional indicators.
On the basis of end use device, the market is segmented into smartphones, television sets, desktops and laptops, automotive infotainment systems, tablets, home audio systems, and professional audio systems. The home audio systems segment acquired a substantial revenue share in the market in 2022. Because they generate less heat and have longer battery life, class D amplifiers are used more frequently in portable devices like smart speakers, soundbars, and headphones in home audio systems.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 4.1 Billion |
| Market size forecast in 2030 | USD 6.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.6% from 2023 to 2030 |
| Number of Pages | 294 |
| Number of Table | 423 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Class, Channel, End Use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating highest revenue share in the market. The rising disposable income of consumers in the region, rising consumer electronics device adoption, booming infrastructure, and rising technological advancement are some of the factors driving the growth of the market. The Asia Pacific market is expanding due to increased consumer electronics and automotive investments. The consumption of these amplifiers by automotive players in this region is also attributed to the growth of the market in APAC.
Free Valuable Insights: Global Audio Amplifier Market size to reach USD 6.4 Billion by 2030
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.).
By Class
By Channel
By End Use
By Geography
The Market size is projected to reach USD 6.4 billion by 2030.
The growing use of smart devices are driving the Market in coming years, however, Market's expansion is constrained by noise pollution caused by amplifiers restraints the growth of the Market.
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.).
The 2-Channel segment is leading the Market by Channel in 2022; thereby, achieving a market value of $2.2 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.5 billion by 2030.
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