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Smartphone Audio Codecs Market Report by Component (Hardware, Software), Converter Type (Analog to Digital Converter, Digital to Analog Converter), Application Type (IOS, Android), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2075
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Market Overview:
The global smartphone audio codecs market size reached US$ 6.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 6.8 Billion |
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Market Forecast in 2032
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US$ 9.6 Billion |
| Market Growth Rate 2024-2032 | 3.8% |
An audio codec, also known as a sound codec, helps in the compression and decompression of an audio data stream to minimize the bit rate and storage space. It can be both a combination of both hardware and software components. It comprises signal routing and mixing channels, microphone and line inputs, digital-to-analog converters (DAC), and analog-to-digital converters (ADC), which make audio transmissions easier. At present, some of the most widely used audio codec formats include MP3, advanced audio coding (AAC), Apple lossless audio code (ALAC), free lossless audio codec (FLAC) and windows media audio (WMA).
The boosting sales of smartphones, in confluence with the increasing mobile data traffic, represents one of the key factors driving the global smartphone audio codecs market growth. In addition to this, the growing popularity of music streaming services is escalating the demand for audio codecs around the world. Apart from this, owing to the rising adoption of Bluetooth earphones and headphones, the leading manufacturers are focusing on offering innovative and advanced features in their products, such as parametric equalizers, dynamic range control, noise cancellation and 3D sound processing, for expanding their consumer base. Furthermore, the industry recently witnessed the introduction of aptX technology that is capable of wirelessly transmitting 24-bit high-resolution audio. It aids in reducing the audio's file size before transmission without affecting its overall sound quality. These innovations are expected to create a positive outlook for the market growth in the coming years.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smartphone audio codecs market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, converter type and application type.
Breakup by Component:
- Hardware
- Mono Codecs
- Stereo Codecs
- Multi-channel Codecs
- Software
- Non-compression
- Lossy Compression
- Lossless Compression
Breakup by Converter Type:
- Analog to Digital Converter
- Digital to Analog Converter
Breakup by Application Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- IOS
- Android
Breakup by Region:
To get more information on the regional analysis of this market, Request Sample
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ams AG, Analog Devices, Inc., Broadcom Inc., Cirrus Logic Inc., CML Microcircuits (UK) Ltd., DescriptionDialog Semiconductor PLC, Integrated Device Technology, Inc., Maxim Integrated Products, Inc., NXP Semiconductors N.V., STMicroelectronics International N.V. and Texas Instruments Incorporated.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Component, Converter Type, Application Type, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | ams AG, Analog Devices, Inc., Broadcom Inc., Cirrus Logic Inc., CML Microcircuits (UK) Ltd., DescriptionDialog Semiconductor PLC, Integrated Device Technology, Inc., Maxim Integrated Products, Inc., NXP Semiconductors N.V., STMicroelectronics International N.V. and Texas Instruments Incorporated |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global smartphone audio codecs market performed so far and how will it perform in the coming years?
- What are the key regional markets in the industry?
- What has been the impact of COVID-19 on the global smartphone audio codecs market?
- What is the breakup of the market based on the component?
- What is the breakup of the hardware products based on the product type?
- What is the breakup of the software products based on the compression type?
- What is the breakup of the market based on the converter type?
- What is the breakup of the market based on the application type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smartphone audio codecs market and who are the key players?
- What is the degree of competition in the industry?
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