North America Audio IC and Audio Amplifiers Market Developments and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028North America Audio IC and Audio Amplifiers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Audio IC Type (A/D Converter IC, Processor IC, Amplifier IC, D/A Converter IC, and Others) and Audio Amplifier Class (Class A/B, Class D, Class G, and Class H)
- Report Date : Oct 2021
- Report Code : TIPRE00025338
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 141
The audio IC and audio amplifiers market in North America is expected to grow from US$ 3,237.38 million in 2021 to US$ 5,321.47 million by 2028; it is estimated to grow at a CAGR of 7.4% from 2021 to 2028.
The US, Canada, and Mexico are major economies in North America. Rising adoption of consumer electronics is the major factor driving the growth of the North America audio IC and audio amplifiers market. The adoption of consumer electronics and smart appliances is increasing with the development of new energy-efficient audio devices for both commercial and domestic use. Advancements in technologies and high disposable income in working population are also expected to drive the market. The continuous technological innovation in the semiconductors industry, increasing demand for high-performance home theaters, and penetration of internet of things (IoT) are other major factors propelling the adoption of consumer electronic devices which will contribute towards the growth of the market. For example: the development of gallium nitride (GaN) power transistors has enabled manufacturers to offer high-performance home theater systems, with less cost of production. The GaN transistors in audio amplifiers have a high conversion rate of energy use and it is smaller than silicon MOSFETs which saves board space cost by eliminating the output LC filter section. Many smart appliances come with voice assist, and Wi-Fi and Bluetooth connectivity, which is adding to their popularity among consumers. According to statistics, consumer electronics market is expected to show an annual growth rate of 4.25% with 25% of user penetration in 2021, Thus, this growing popularity of home audio systems to stream music using smartphones, smart speakers, and headphones, among other portable devices, drives the demand for compact and energy-efficient audio ICs, thereby fueling the North America audio IC and audio amplifier market growth.
North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner.Due to the shutdown of businesses and delay in procurement activities are affecting the supply chain and significantly impacted the market. Moreover, due to the falling GDP, the market will have negative impact on the growth rate of audio IC and audio amplifier market. The COVID-19 crisis has drastically upended operations across the value chain, from supplier networks to the customer delivery experience. The region has presence of several electronic component manufacturers, who cater advanced and innovative components for building audio IC and audio amplifier. The COVID-19 outbreak has severely affected these companies in production activities as well as supplying their products to their clients. However, in the coming years, the audio IC and audio amplifier market is expected to foresee significant growth opportunities owing to the rising demand for 5G based audio amplifier and IC across the region. Thus, the overall impact of COVID-19 on the North American region is low to moderate.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America audio IC and audio amplifiers market. The North America audio IC and audio amplifiers market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
North America Audio IC and Audio Amplifiers Market Segmentation
North America Audio IC and Audio Amplifiers Market – By Audio IC Type
- A/D converter IC
- Processor IC
- Amplifier IC
- D/A converter IC
- Others
North America Audio IC and Audio Amplifiers Market – By Audio Amplifier Class
- Class A/B
- Class D
- Class G
- Class H
North America Audio IC and Audio Amplifiers Market, by Country
- US
- Canada
- Mexico
North America Audio IC and Audio Amplifiers Market - Companies Mentioned
- Cirrus Logic, Inc.
- 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
North America Audio IC and Audio Amplifiers Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3,237.38 Million |
| Market Size by 2028 | US$ 5,321.47 Million |
| Global CAGR (2021 - 2028) | 7.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Audio IC Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Cirrus Logic, Inc.
- 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
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