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NORTH AMERICA AUDIO CODEC MARKET FORECAST 2021-2028

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NORTH AMERICA AUDIO CODEC MARKET FORECAST 2021-2028

The North America audio codec market is set to grow with a CAGR of 5.25% during the forecast years of 2021 to 2028. The market growth of the region is reinforced by the rising usage of smartphones, smart home technology, and smart televisions, significant developments in the Internet of Things (IoT), the increasing use of software audio codecs within the healthcare sector, and the emerging 5G technology.

NORTH AMERICA AUDIO CODEC MARKET FORECAST 2021-2028

North America Audio Codec Market by Component (Software Audio Codec, Hardware Audio Codec) Market by End-user (Computer, Phones, Tablets, Over-ear Headphones, True Wireless Stereo (TWS), Home Entertainment, Commercial, Automotive, Portable, Smart Home, Wearables, AR/VR, Other End-users) by Geography

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The North America audio codec market is set to grow with a CAGR of 5.25% during the forecast years of 2021 to 2028. The market growth of the region is reinforced by the rising usage of smartphones, smart home technology, and smart televisions, significant developments in the Internet of Things (IoT), the increasing use of software audio codecs within the healthcare sector, and the emerging 5G technology.

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The North America audio codec market growth assessment comprises the analysis of the United States and Canada. The United States is among the leading adopters of new technologies owing to the rise in research and development initiatives undertaken in the country. While the use of smartphones in the United States increased by nearly 1.5% between 2020 and 2021. Moreover, approximately 790 Hollywood films were produced and released in the country in 2019, as well.

On the other hand, as per industry sources, the United States recorded a 10% rise in the shipment of wearables in 2020. Besides, companies such as Samsung, TempTrack, Apple, and Fitbit, the top buyers of audio codecs, have augmented their manufacturing within the healthcare sector. Social distancing norms and regulations on account of the COVID-19 pandemic have significantly increased the demand for audio codes due to the e-learning and work from home culture. Similarly, desktop manufacturers such as Acer, HP, and Dell have also increased their production owing to the rising demand. As a result, these factors are anticipated to fuel the audio codec market growth in North America during the forecast period.

Cirrus Logic is a fabless semiconductor company working within the industrial as well as consumer divisions. It manufactures, markets, and develops mixed-signal integrated circuits and provides solutions for mobile applications such as digital headsets, wearables, smartphones, and tablets, in addition to smart homes and automobiles. The company is headquartered in Texas, the United States.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASING USE OF SMARTPHONES
        • GROWING OPTIMIZATION TECHNIQUES IN AUDIO CODEC
        • RISING USE OF ENERGY-EFFICIENT DEVICES
      • KEY RESTRAINTS
        • HEAVILY PATENTED AND IP LICENSING
        • WIDE AVAILABILITY OF FREE OPEN-SOURCES
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON AUDIO CODEC MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
        • APPLICATION
        • COMPATIBILITY
        • COST-EFFECTIVENESS
    1. MARKET BY COMPONENT
      • SOFTWARE AUDIO CODEC
      • HARDWARE AUDIO CODEC
    2. MARKET BY END-USER
      • COMPUTER
      • PHONES
      • TABLETS
      • OVER-EAR HEADPHONES
      • TRUE WIRELESS STEREO (TWS)
      • HOME ENTERTAINMENT
      • COMMERCIAL
      • AUTOMOTIVE
      • PORTABLE
      • SMART HOME
      • WEARABLES
      • AR/VR
      • OTHER END-USERS
    3. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPES
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ANALOG DEVICES INC
        • BARIX AG
        • CIRRUS LOGIC INC
        • DIALOG SEMICONDUCTOR PLC (ACQUIRED BY RENESAS)
        • DOLBY LABORATORIES INC
        • FRAUNHOFER INSTITUTE OF INTEGRATED CIRCUITS
        • ITTIAM SYSTEMS PVT LTD
        • QUALCOMM INCORPORATED
        • REALTEK SEMICONDUCTORS CORPORATION
        • ROHM CORPORATION LTD
        • SONY GROUP CORPORATION
        • STMICROELECTRONICS
        • SYNAPTICS INC
        • SYNOPSYS TECHNOLOGY INC
        • TEXAS INSTRUMENTS INCORPORATED

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT- AUDIO CODEC

    TABLE 2: REGION-WISE SMART WEARABLES BANDS SHIPMENT, 2020 (IN $ MILLION)

    TABLE 3: NORTH AMERICA AUDIO CODEC MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 4: NORTH AMERICA AUDIO CODEC MARKET, BY COMPONENT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 5: NORTH AMERICA AUDIO CODEC MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 6: NORTH AMERICA AUDIO CODEC MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 7: NORTH AMERICA AUDIO CODEC MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 8: NORTH AMERICA AUDIO CODEC MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 9: LEADING PLAYERS OPERATING IN NORTH AMERICA AUDIO CODEC MARKET

    TABLE 10: LIST OF MERGERS & ACQUISITIONS

    TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: WORLDWIDE SMARTPHONE USERS IN 2016-2025

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PENETRATION RATE OF OTT PLATFORMS, BY DEVICES TYPE, 2021 (IN %)

    FIGURE 4: PENETRATION RATE OF MOBILE GAMES, BY TYPE, 2020 (IN %)

    FIGURE 5: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 6: OPPORTUNITY MATRIX

    FIGURE 7: VENDOR LANDSCAPE

    FIGURE 8: VALUE CHAIN ANALYSIS

    FIGURE 9: KEY BUYING CRITERIA

    FIGURE 10: NORTH AMERICA AUDIO CODEC MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2020

    FIGURE 11: NORTH AMERICA AUDIO CODEC MARKET, BY SOFTWARE AUDIO CODEC, 2021-2028 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA AUDIO CODEC MARKET, BY HARDWARE AUDIO CODEC, 2021-2028 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA AUDIO CODEC MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 14: NORTH AMERICA AUDIO CODEC MARKET, BY COMPUTER, 2021-2028 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA AUDIO CODEC MARKET, BY PHONE, 2021-2028 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA AUDIO CODEC MARKET, BY TABLETS, 2021-2028 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA AUDIO CODEC MARKET, BY OVER-EAR HEADPHONES, 2021-2028 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA AUDIO CODEC MARKET, BY TWS, 2021-2028 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA AUDIO CODEC MARKET, BY HOME ENTERTAINMENT, 2021-2028 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA AUDIO CODEC MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA AUDIO CODEC MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA AUDIO CODEC MARKET, BY PORTABLE, 2021-2028 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA AUDIO CODEC MARKET, BY SMART HOME, 2021-2028 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA AUDIO CODEC MARKET, BY WEARABLES, 2021-2028 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA AUDIO CODEC MARKET, BY AR/VR, 2021-2028 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA AUDIO CODEC MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)

    FIGURE 27: UNITED STATES AUDIO CODEC MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 28: CANADA AUDIO CODEC MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY COMPONENT
      • SOFTWARE AUDIO CODEC
      • HARDWARE AUDIO CODEC
    2. MARKET BY END-USER
      • COMPUTER
      • PHONES
      • TABLETS
      • OVER-EAR HEADPHONES
      • TRUE WIRELESS STEREO (TWS)
      • HOME ENTERTAINMENT
      • COMMERCIAL
      • AUTOMOTIVE
      • PORTABLE
      • SMART HOME
      • WEARABLES
      • AR/VR
      • OTHER END-USERS

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