LAMEA Audio IC Market By IC Type (Audio Amplifier, Audio DSP, Audio Codecs and Microphone IC), By Application (Mobile Phones, Smart Home & IoT devices, Computer & Tablets, Automotive, Headphones, Home Entertainment Systems, Wearables and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Audio IC Market would witness market growth of 10% CAGR during the forecast period (2021-2027). The rising adoption of consumer electronics devices and the manufacturing of the latest energy-efficient audio gadgets with better customer experience are acting as catalysts for the market growth. Additionally, factors like the growing adoption of wireless & smart infrastructure along with the increasing demand for Hi-Fi audio at commercial events are spurring the growth of the market.
Though, the increasing demand for audio SoCs and technical glitches & challenges regarding the combination of audio gadgets are some of the key restraints of the global audio IC market. In addition, the growing demand for onboard media entertainment systems and the expansion of VR technology is anticipated to accelerate the demand for the audio IC market.
Some companies like STMicroelectronics, Texas Instruments Incorporated, NXP Semiconductors, and Analog Devices provide a variety of audio ICs, which are compact, deliver ultra-low quiescent current, and combined features for many space restricted electronics & wearable applications in smartphones, tablets, automobiles, and others. With the help of digital audio system & digital audio, it becomes possible to achieve high-quality & room-filling sound, and enabling designing of space-constrained appliances like flat-screen TV and MP3 docking stations. Similarly, the combination of technique like multi-band dynamic range compression and highly flexible amplification helps in improving the sound and protection of speakers.
The Audio Amplifier market dominated the Saudi Arabia Audio IC Market by IC Type 2020, thereby, achieving a market value of $134.2 million by 2027. The Audio DSP market is showcasing a CAGR of 10.7% during (2021 - 2027). Additionally, The Audio Codecs market is expected to witness highest CAGR of 11.2% during (2021 - 2027).
Based on IC Type, the market is segmented into Audio Amplifier, Audio DSP, Audio Codecs and Microphone IC. Based on Application, the market is segmented into Mobile Phones, Smart Home & IoT devices, Computer & Tablets, Automotive, Headphones, Home Entertainment Systems, Wearables and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Audio IC Market is Predict to reach $45.2 Billion by 2027, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Infineon Technologies AG, Renesas Electronics Corporation, NXP Semiconductors N.V., ON Semiconductor Corporation, STMicroelectronics N.V., Texas Instruments, Inc., Toshiba Corporation, AMS AG, and Cirrus Logic, Inc.
Scope of the Study
Market Segments Covered in the Report:
By IC Type
- Audio Amplifier
- Audio DSP
- Audio Codecs
- Microphone IC
- Mobile Phones
- Smart Home & IoT devices
- Computer & Tablets
- Home Entertainment Systems
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Analog Devices, Inc
- Infineon Technologies AG
- Renesas Electronics Corporation
- NXP Semiconductors N.V.
- ON Semiconductor Corporation
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Toshiba Corporation
- AMS AG
- Cirrus Logic, Inc.
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