Audio IC and Audio Amplifier Market to Grow at a CAGR of 7.7% to reach US$ 22,525.7 Million from 2020 to 2028

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Audio IC and Audio Amplifier Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Audio IC Type (A/D Converter IC, Processor IC, Amplifier IC, D/A Converter IC, Others) and Audio Amplifier Class (Class A/B, Class D, Class G, Class H)

Publication Month: Sep 2021 | Report Code: TIPRE00024440 | No. of Pages: 170 | Category: Electronics and Semiconductor | Status: Published

The audio IC and audio amplifier market is projected to reach US$ 22,525.7 million by 2028 from US$ 13, 424.5 million in 2021; it is expected to grow at a CAGR of 7.7% from 2021 to 2028.

The growing preference for  a connected world and need of miniaturization are propelling advancements in the audio IC and audio amplifiers market. An amplifier serves the purpose of increasing vibrations to the maximum extent of signals without affecting the frequency or any wavelength, further improving the efficiency of the audio system. Additionally, stringent government regulations related to the protection of environment and rising adoption of energy-efficient technologies would support the miniaturization of electronic gadgets, among other new trends. Development in technologies and high disposable income of working population are also expected to contribute to the market growth. Therefore, growing trend of miniaturization would boost the demand for connected devices for application-based processors and subsystems, thereby driving the demand for Hi-Fi audio in commercial events, on-board media entertainment systems, and development of VR technology drives the growth of audio IC and audio amplifier market.

Impact of COVID-19 Pandemic on Audio IC and Audio Amplifier Market

The COVID-19 pandemic has disturbed the economic progress and disrupted supply chains in many countries. It has hampered the performances of industries such as energy, aviation, food & beverages, chemicals, retail and e-commerce, and travel and tourism. The decline in raw material supply from various manufacturers across North America, Europe, and Asia Pacific, due to the downsizing of production and trade activities, is limiting the audio IC and audio amplifiers market growth. Moreover, the audio IC and audio amplifier market players are facing challenges in meeting the demand owing to halt in business operations in last few months, decline in production of various components, as well as restrictions on supply chain. However, the market has started regaining pace since 2021, with the demand- and supply-sides resuming their operations.

Lucrative Regions in Audio IC and Audio Amplifier Market

Lucrative Regions in Audio IC and Audio Amplifier Market

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Market Insights– Audio IC and Audio Amplifier Market

Growing Popularity of AI-Based Smart Speakers Drives

Smart speakers come with voice command recognition and virtual assistance, enabled with Bluetooth and Wi-Fi connectivity options, which aid hands-free activation and  interactive abilities such as music playback, voice interaction, day-to-day activity listing, news streaming, and weather forecast. The AI assistance and connectivity technologies allow users to control their home automation devices via smart speakers. The growing trend of AI-enabled smart speakers is driving the audio IC and audio amplifier market. The rise in preference for smart homes with luxurious entertainment systems, escalating demand for smart speakers with display features, and high inclination toward multifunctional devices, all coupled with rising per capita income of populations globally  are among the key factors driving the sales of AI-based smart speakers, which is fueling the audio IC and audio amplifier market growth.

Audio IC Type-Based Insights

Based on audio IC type, the audio IC and audio amplifier market is further segmented into A/D converter IC, processor IC, amplifier IC, D/A converter IC, and others. The compact amplifier IC segment held the largest market share in 2020.

Strategic Insights

Report Coverage - Audio IC and Audio Amplifier Market
Report CoverageDetails
Market Size Value inUS$ 13,424.5 Million in 2021
Market Size Value byUS$ 22,525.7 Million by 2028
Growth rateCAGR of 7.7% from 2021 to 2028
Forecast Period2020 - 2028
Base Year2020
No. of Pages170
No. of Tables61
No. of Charts & Figures74
Historical data availableYes
Segments coveredType, Application, End User
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Players operating in the audio IC and audio amplifier market are mainly focused on the development of advanced and efficient products.

  • In March 2021, STMicroelectronics developed HFDA801A, a 2-MHz switching pulse-width modulation (PWM) Class-D amplifier that ensures hi-definition (HD) quality sound under any load condition, with noiseless turn-on/turn-off, and without creating any output artifacts.
  • In November 2019, Texas Instruments Incorporated introduced TLV320ADC5140, a new audio analog-to-digital converter (ADC).

The audio IC and audio amplifier market has been segmented as follows:

Audio IC and Audio Amplifier Market – by Audio Type

  • A/D converter IC
  • Processor IC
  • Amplifier IC
  • D/A converter IC
  • Others

Audio IC and Audio Amplifier Market – by Audio Amplifier Class           

  • Class A/B
  • Class D
  • Class G
  • Class H

Audio IC and Audio Amplifier Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Rest of APAC
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of SAM

Audio IC and Audio Amplifier Market – Company Profiles

  • IC Audio GmbH
  • ICEpower A/S
  • Infineon Technologies AG
  • Maxim Integrated
  • NXP Semiconductors N.V.
  • Renesas Electronics Corporation
  • Semiconductor Components Industries, LLC
  • STMicroelectronics
  • Texas Instruments Incorporated
  • Toshiba Corporation

Frequently Asked Questions

The audio IC and audio amplifiers have been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years. The noteworthy increasing adoption of consumer electronics and growing popularity of AI-based smart speaker is supporting the growth of audio IC and audio amplifier market.
Increasing emergence of 5G technology in audio devices and increasing penetration of IoT based technologies of is the key opportunity for the audio IC and audio amplifier market. The 5G technology is likely to ease the efficiency of audio signal transmission over internet (i.e., AoIP); moreover, it would help reduce the sound latency and will allow 200 times higher bandwidths compared to commercial mobile radio infrastructure. The rising penetration of the 5G technology in smartphones would provide major opportunities for the audio IC and audio amplifier market players
The global audio IC and audio amplifier market was dominated by amplifier IC segment with market share more than 30% in 2020. Audio amplifier ICs are the device used in electronic circuits for audio applications for compact & energy-efficient audio ICs and increasing demand of the integrated power for application-based processors & subsystems due to increase in miniaturization.
In 2020, Asia Pacific led the market with a substantial revenue share, followed by North America, and Europe. Asia Pacific is a prospective market for audio IC and audio amplifier market players.
The major companies in audio IC and audio amplifier includes Cirrus Logic Inc., STMicroelectronics N.V., NXP Semiconductor, Texas Instruments, and Maxim Integrated. The ranking has been derived analysing multiple parameters such as annual revenue earned from audio IC and audio amplifier portfolio, client base, geographic locations, R&D expenditure, brand image, and number of employees, among others. These companies are actively participating in developing audio IC and audio amplifier for various applications.

The List of Companies - Audio IC and Audio Amplifiers Market

  1. IC Audio GmbH
  2. ICEpower A/S
  3. Infineon Technologies AG
  4. Maxim Integrated
  5. NXP Semiconductors N.V.
  6. Renesas Electronics Corporation
  7. Semiconductor Components Industries, LLC
  8. STMicroelectronics
  9. Texas Instruments Incorporated
  10. Toshiba Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Audio IC and audio amplifiers Market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global Audio IC and audio amplifiers market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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