The audio IC and audio amplifiers market in Europe is expected to grow from US$ 2,813.65 million in 2021 to US$ 4,535.98 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.
France, Germany, Italy, UK, and Russia are major economies in Europe. AI-based smart speakers getting popular is the major factor driving the growth of the Europe audio IC and audio amplifiers market. Smart speakers come with voice command recognition and virtual assistance, enabled with Bluetooth and Wi-Fi connectivity options, which aid hands-free activation and confer interactive abilities such as music playback, voice interaction, day-to-day activity listing, news streaming, and weather forecast. Smart speakers allow users to stream audio from a variety of sources with an audio request. With smart speakers gaining popularity, manufacturers are adding audio and voice functionalities such as wireless access points, soundbars, smart thermostats, and smart home hubs to their products. The aforementioned technological developments in audio systems are propelling the demand for audio amplifiers and subsequently fueling the audio IC and audio amplifier market. The AI assistance and connectivity technologies allow users to control other home automation devices via smart speakers. The growing trend of AI-enabled smart speakers is driving the proliferation of the audio IC and audio amplifier market. This trend is attributed to technological advancements in consumer electronics and increasing customer preferences for automated products with advanced features. The AI-enabled smart speakers capture sound waves and convert them into words using the automatic speech recognition (ASR) technology. Further, the verbal data is converted into meaningful sentences using the natural language understanding (NLU) technology. Once the meaning is understood, the smart speakers respond using the natural language generation (NLG) technology. 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 are among the key factors driving the sales of AI-based smart speakers, which is fueling the Europe audio IC and audio amplifier market growth.
The impact of COVID-19 varied from country to country across the European region, as selected countries witnessed a surge in the number of confirmed cases and subsequently attracted stringent and more extended lockdown periods or social isolation. However, western European countries such as Germany, France, Russia, and the UK have witnessed a comparatively moderate decline in their production activities, owing to robust healthcare infrastructure. The European economy is expected to shrink by 0.1%, with a negative growth rate in the first half of 2020, followed by a mild recovery in the second half of 2020. Countries such as UK, Italy, and Germany are expected to have a bigger impact on the economy. The imbalance in the demand and supply side and the lockdown phase in several European countries will significantly negatively impact the audio IC and audio amplifier market in the first half of the year 2020. The reduced production is hampering the growth of the audio IC and audio amplifier market as there was the shutdown of production plants and labor scarcity.
Moreover, the lockdown phase has drastically affected the supply chain. European countries under lockdowns have suffered financial crises, leading to the shutdown of manufacturing units in this region. However, the market is expected to have a significant growth rate during the forecast period. Thus, the overall impact of COVID-19 on the European 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 Europe audio IC and audio amplifiers market. The Europe audio IC and audio amplifiers market is expected to grow at a good CAGR during the forecast period.
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Europe Audio IC and Audio Amplifiers Market Segmentation
Europe Audio IC and Audio Amplifiers Market – By Audio IC Type
- A/D converter IC
- Processor IC
- Amplifier IC
- D/A converter IC
- Others
Europe Audio IC and Audio Amplifiers Market – By Audio Amplifier Class
- Class A/B
- Class D
- Class G
- Class H
Europe Audio IC and Audio Amplifiers Market, by Country
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Europe 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Audio IC and Audio Amplifiers Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Audio IC and Audio Amplifiers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Consumer Electronics Getting Highly Adopted
5.1.2 AI-Based Smart Speakers Getting Popular
5.2 Market Restraints
5.2.1 Interfacing Problems while Combining with of Audio Amplifiers in Various Devices
5.3 Market Opportunities
5.3.1 Steps Being Taken Development of Smart Infrastructure
5.3.2 Surging Penetration of IoT-Based Technologies
5.4 Future Trends
5.4.1 Upcoming of 5G Technology in Audio Devices
5.5 Impact Analysis of Drivers and Restraints
6. Audio IC and Audio Amplifiers Market – Europe Analysis
6.1 Europe Audio IC and Audio Amplifiers Market Overview
6.2 Europe Audio IC and Audio Amplifiers Market Revenue Forecast and Analysis
7. Europe Audio IC and Audio Amplifiers Market Analysis – By Audio IC Type
7.1 Overview
7.2 Europe Audio IC and Audio Amplifiers Market Breakdown, by Audio IC Type, 2020 & 2028
7.3 A/D Convertor IC
7.3.1 Overview
7.3.2 A/D converter Market Revenue and Forecast to 2028 (US$ Million)
7.4 Processor IC
7.4.1 Overview
7.4.2 Processor IC Market Revenue and Forecast to 2028 (US$ Million)
7.5 Amplifier IC
7.5.1 Overview
7.5.2 Amplifier ICs Market Revenue and Forecast to 2028 (US$ Million)
7.6 D/A Convertor IC
7.6.1 Overview
7.6.2 D/A Converter IC Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others IC Market Revenue and Forecast to 2027 (US$ Million)
8. Europe Audio IC and Audio Amplifiers Market Analysis– By Audio Amplifier Class
8.1 Overview
8.2 Europe Audio IC and Audio Amplifiers Market Breakdown, By Audio Amplifier Class, 2020 & 2028
8.3 Class A/B
8.3.1 Overview
8.3.2 Class A/B Market Forecast and Analysis
8.4 Class D
8.4.1 Overview
8.4.2 Class D Market Revenue and Forecast to 2028 (US$ Million)
8.5 Class G
8.5.1 Overview
8.5.2 Class G Market Revenue and Forecast to 2028 (US$ Million)
8.6 Class H
8.6.1 Overview
8.6.2 Class H Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Audio IC and audio amplifiers Market – Country Analysis
9.1 Overview
9.1.1 Europe: Audio IC and audio amplifiers Market, By Country
9.1.1.1 Germany: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Germany: Audio IC and Audio Amplifiers Market, By Audio IC Type
9.1.1.1.2 Germany: Audio IC and Audio Amplifiers Market, By Audio Amplifier Class
9.1.1.2 France: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 France: Audio IC and Audio Amplifiers Market, By Audio IC Type
9.1.1.2.2 France: Audio IC and Audio Amplifiers Market, By Audio Amplifier Class
9.1.1.3 Italy: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Italy: Audio IC and Audio Amplifiers Market, By Audio IC Type
9.1.1.3.2 Italy: Audio IC and Audio Amplifiers Market, By Audio Amplifier Class
9.1.1.4 UK: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 UK: Audio IC and Audio Amplifiers Market, By Audio IC Type
9.1.1.4.2 UK: Audio IC and Audio Amplifiers Market, By Audio Amplifier Class
9.1.1.5 Russia: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 Russia: Audio IC and Audio Amplifiers Market, By Audio IC Type
9.1.1.5.2 Russia: Audio IC and Audio Amplifiers Market, By Audio Amplifier Class
9.1.1.6 Rest of Europe: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Europe: Audio IC and Audio Amplifiers Market, By Audio IC Type
9.1.1.6.2 Rest of Europe: Audio IC and Audio Amplifiers Market, By Audio Amplifier Class
10. Europe Audio IC and audio amplifiers Market - COVID-19 Impact Analysis
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Audio IC and Audio Amplifier Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Launch
12. Company Profiles
12.1 Maxim Integrated
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 INFINEON TECHNOLOGIES AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 NXP Semiconductors.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cirrus Logic, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ICEpower a/s
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Renesas Electronics Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Semiconductor Components Industries, LLC (On Semiconductor)
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 STMicroelectronics N.V.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Texas Instruments Incorporated
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Toshiba Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 ESS Technology, Inc.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Audio IC and Audio Amplifiers Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Audio IC and Audio Amplifiers Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany Audio IC and Audio Amplifiers Market, By Audio IC Type– Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany Audio IC and Audio Amplifiers Market, By Audio Amplifier Class – Revenue and Forecast to 2027 (US$ Million)
Table 5. France Audio IC and Audio Amplifiers Market, By Audio IC Type– Revenue and Forecast to 2027 (US$ Million)
Table 6. France Audio IC and Audio Amplifiers Market, By Audio Amplifier Class – Revenue and Forecast to 2027 (US$ Million)
Table 7. Italy Audio IC and Audio Amplifiers Market, By Audio IC Type– Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy Audio IC and Audio Amplifiers Market, By Audio Amplifier Class – Revenue and Forecast to 2027 (US$ Million)
Table 9. UK Audio IC and Audio Amplifiers Market, By Audio IC Type– Revenue and Forecast to 2027 (US$ Million)
Table 10. UK Audio IC and Audio Amplifiers Market, By Audio Amplifier Class– Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia Audio IC and Audio Amplifiers Market, By Audio IC Type– Revenue and Forecast to 2027 (US$ Million)
Table 12. Russia Audio IC and Audio Amplifiers Market, By Audio Amplifier Class – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe Audio IC and Audio Amplifiers Market, By Audio IC Type– Revenue and Forecast to 2027 (US$ Million)
Table 14. Rest of Europe Audio IC and Audio Amplifiers Market, By Audio Amplifier Class – Revenue and Forecast to 2027 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Audio IC and Audio Amplifiers Market Segmentation
Figure 2. Europe Audio IC and Audio Amplifiers Market Segmentation – By Country
Figure 3. Europe Audio IC and Audio Amplifiers Market Overview
Figure 4. Europe Audio IC and Audio Amplifiers Market, by Audio IC Type
Figure 5. Europe Audio IC and Audio Amplifiers Market, by Audio Amplifiers Class
Figure 6. Europe Audio IC and Audio Amplifiers Market, By Country
Figure 7. Europe PEST Analysis
Figure 8. Europe Audio IC and Audio Amplifiers Market- Ecosystem Analysis
Figure 9. Europe Audio IC and Audio Amplifiers Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Audio IC and Audio Amplifiers Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Audio IC and Audio Amplifiers Market Breakdown, by Audio IC Type (2020 and 2028)
Figure 12. Europe A/D Converter Market Revenue and Forecast to 20287(US$ Million)
Figure 13. Europe Processor IC Market Revenue and Forecast to 2028(US$ Million)
Figure 14. Europe Amplifier ICs Market Revenue and Forecast to 2028(US$ Million)
Figure 15. Europe D/A Converter IC Market Revenue and Forecast to 2028(US$ Million)
Figure 16. Europe Others IC Market Revenue and Forecast to 2028(US$ Million)
Figure 17. Europe Audio IC and Audio Amplifiers Market Breakdown, By Audio Amplifier Class, 2020 & 2028 (%)
Figure 18. Europe Class A/B Market Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Europe Class D Market Revenue and Forecast to 2028(US$ Million)
Figure 20. Europe Class G Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Class H Market Revenue and Forecast to 2028(US$ Million)
Figure 22. Europe: Audio IC and Audio Amplifiers Market, by Key Country– Revenue (2020) (US$ Million)
Figure 23. Europe: Audio IC and Audio Amplifiers Market Revenue Share, By Country (2020 and 2028)
Figure 24. Germany: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. France: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Italy: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. UK: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Russia: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Rest of Europe: Audio IC and Audio Amplifiers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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