Global Audio IC Market to Reach US$ 59.4 Billion by 2032, Impelled by Rising Sales of Smart Devices

May 25, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled "Audio IC Market by IC Type (Audio Amplifier, Audio DSP, Audio Codecs, Microphone IC), Application (Mobile Phones, Computer and Tablets, Headphones, Home Entertainment Systems, Automotive, Smart Home and IoT Devices, Wearables, and Others), and Region 2024-2032," the global audio IC market size reached US$ 34.5 Billion in 2023. An audio integrated chip (IC) is an electronic chip designed to increase, control, and amplify the strength and amplitude of signals. It is used within electronic circuits to increase the sound and quality of the audio signal. It supports a broad range of productivity and personal entertainment uses while restraining power consumption to maintain a long battery life. It is also employed as an audio processor, audio amplifier, subsystem, and micro-electromechanical systems (MEMS) microphone.

Global Audio IC Market Trends:

At present, the increasing demand for audio IC due to the rising purchase of smart devices, such as smartphones, tablets, and laptops, represents one of the primary factors propelling the growth of the market. Besides this, the growing advancements in connected devices, along with the integration of artificial intelligence (AI) and the internet of things (IoT) technologies, are offering a favorable market outlook. In addition, the increasing installation of high-definition television (HDTV) to stream video content and watch movies at home is contributing to the growth of the market. Apart from this, the rising demand for high-fidelity (Hi-Fi) audio systems in commercial events is supporting the growth of the market. Additionally, the increasing integration of inflight entertainment systems or onboard entertainment systems in aircraft to enhance the flight experience of passengers is strengthening the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 59.4 Billion by 2032, exhibiting a CAGR of 6.02% during 2024-2032.

Market Summary:

On the basis of the IC type, the market has been segmented into audio amplifier, audio DSP, audio codecs, and microphone IC. Presently, audio DSP represented the largest segment in the market.
Based on the application, the market has been classified into mobile phones, computer and tablets, headphones, home entertainment systems, automotive, smart home and IoT devices, wearables, and others. At present, mobile phones hold the biggest share of the market.
Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Analog Devices Inc., Cirrus Logic Inc., Infineon Technologies AG, NXP Semiconductors N.V., onsemi, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics N.V., Texas Instruments Incorporated, and Toshiba Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Types Covered	N-Pentane, Isopentane, Neopentane
Applications Covered	Transportation Fuel, Chemical Solvent, Chemical Additives
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Aeropres Corporation, Central Drug House, Choice Organochem LLP, Datta Hydro-chem Private Limited, Exxon Mobil Chemical Company, HCS Group Gmbh, Jun Yuan Petroleum Group, LG Chem Ltd, Phillips 66 Company, Shell plc, SynQuest Laboratories, and Tradeasia International Inc.
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Global Audio IC Market to Reach US$ 59.4 Billion by 2032, Impelled by Rising Sales of Smart Devices

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