The Audio Codec Market is Predict to reach USD 10.42 Billion by 2032, at a CAGR of 6.2%

Audio Codec Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Audio Codec Market size is expected to reach USD 10.42 billion by 2032, rising at a market growth of 6.2% CAGR during the forecast period.

Key leaders in the global audio codec market employ several strategic approaches to maintain their competitive edge and drive innovation. One prominent strategy is active participation in industry-standard development and cross-sector collaboration. Companies like Fraunhofer, Ericsson, NTT Docomo, and Qualcomm have been instrumental in creating widely adopted codecs such as EVS and AMR-WB by working within 3GPP and other standards bodies.

The Without DSP segment is experiencing a CAGR of 6.4 % during the forecast period. The without DSP segment garnered the highest revenue share in the audio codec market. This is attributed to its simpler architecture, cost-effectiveness, and suitability for applications where basic audio processing is sufficient.

The Hardware Codecs segment dominated the Global Audio Codec Market by Component Type in 2024, thereby, achieving a market value of USD 6.31 billion by 2032. This is primarily due to their integration into consumer electronics, automotive systems, and professional audio equipment where dedicated hardware ensures efficient, low-latency audio processing and reliable performance across various applications.

The Smartphones & Tablets segment is growing at a CAGR of 5.3 % during the forecast period. Audio codecs are essential in compressing and decompressing audio signals for voice calls, video playback, and music without compromising quality. With a push toward slimmer devices and longer battery life, manufacturers seek highly power-efficient and compact codec chips.

Full Report: https://www.kbvresearch.com/audio-codec-market/

The North America region dominated the Global Audio Codec Market by Region in 2024, achieving a market value of USD 3.51 billion by 2032. The Asia Pacific region is anticipated to grow a CAGR of 6.7% during (2025 - 2032). Additionally, The Europe region would witness a CAGR of 5.5% during (2025 - 2032).

List of Key Companies Profiled

• Analog Devices, Inc.
• Barix AG
• Cirrus Logic, Inc.
• Qualcomm Incorporated (Qualcomm Technologies, Inc.)
• Rohm Co., Ltd.
• Sony Corporation
• STMicroelectronics N.V.
• Synopsys, Inc.
• Texas Instruments, Inc.
• Dolby Laboratories Inc.

Audio Codec Market Report Segmentation

By Function

• Without DSP
• With DSP

By Component Type

• Hardware Codecs
• Software Codecs

By Application

• Smartphones & Tablets
• Headphone, Head Sets & Wearable devices
• Automobile
• Television Sets
• Desktop & Laptops
• Music & Media Devices & Home Theatres
• Gaming Consoles
• Other Application

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports: