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Audio Codec Market Share

Report ID: GMI8987
Published Date: Apr 2024
Report Format: PDF

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Audio Codec Market Share

Analog Devices and Qualcomm held a significant share of over 15% in the audio codec industry in 2023. Analog Devices (ADI) is a provider of high-performance analog and mixed-signal solutions. ADI offers a range of products including high-fidelity codecs, audio amplifiers, and signal-processing ICs. These solutions cater to various applications such as automotive infotainment systems, consumer electronics, professional audio equipment, and industrial applications, ensuring superior sound quality and performance.

Qualcomm is a semiconductor company providing audio codec solutions for various applications. Its offerings include codecs optimized for smartphones, wearables, automotive infotainment systems, and smart speakers. Qualcomm's audio codecs deliver high-quality sound, low power consumption, and seamless connectivity, meeting the demands of modern audio experiences across a wide range of devices and platforms.

Audio Codec Market Companies

Major players operating in the audio codec industry are:

Analog Devices
Knowles Corporation
Qualcomm
Realtek Semiconductor
Sony Semiconductor Solutions Corporation
STMicroelectronics
Texas Instruments Incorporated

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of audio codec crossed USD 6.5 billion in 2023 and is set to grow at 5.5% CAGR between 2024 and 2032, led by advancements in audio compression and processing technologies.

The software codecs component segment is poised to witness 8% CAGR during 2024-2032, as they offer unparalleled adaptability, swiftly adjusting to changing industry standards and user needs.

Asia Pacific audio codec industry held a revenue share of 35% in 2023 and is set to grow rapidly by 2032, due to rapid urbanization and increasing disposable income.

Analog Devices, Knowles Corporation, Qualcomm, Realtek Semiconductor, Sony Semiconductor Solutions Corporation, STMicroelectronics, Texas Instruments Incorporated among others.