North America 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 North America Audio IC Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027). Audio amplifier ICs are embedded in sound systems like loudspeakers, musical instruments, home audio systems, and sound reinforcement. An amplifier is aimed to boost the vibrations to the greatest extent of signals with no effect on the frequency or any wavelength and assist in increasing the efficiency of a system.
Moreover, a digital sound processor (DSP) is a specified microprocessor chip that is majorly utilized in audio signal processing, digital image processing, telecommunications, sonar & speech recognition systems, radar, and consumer electronic devices like disk drives, mobile phones, and high-definition television (HDTV) products.
North America is one of the major regions in the global audio IC market owing to increasing development in technology and rising demand for consumer electronics like computers, smartphones and others. The US dominated the audio IC market in North America with the largest market share. Factors like growing adoption of audio ICs in the automotive & consumer electronics sectors are responsible for this massive share. In addition, the presence of many key manufacturers of audio ICs like Analog Devices and Texas Instruments play a major part in the growth of the regional market. However, many US-based organizations are increasingly investing in the automotive sector in Mexico which would boost the demand for audio ICs during the forecast period.
The US market dominated the North America Audio IC Audio Codecs Market by Country 2020, thereby, achieving a market value of $1,466.1 million by 2027. The Canada market is experiencing a CAGR of 10.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Audio IC Market is Estimated to Reach USD 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
- Rest of North America
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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