International Smartphone Audio Codecs Market
Dublin, Oct. 27, 2023 (GLOBE NEWSWIRE) — The “Smartphone Audio Codecs Market: International Trade Traits, Share, Measurement, Development, Alternative and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s providing.
The worldwide smartphone audio codecs market has witnessed outstanding progress, reaching a valuation of US$ 6.5 billion in 2022. Trade consultants anticipate continued enlargement, projecting the market to succeed in US$ 8.4 billion by 2028, with a notable Compound Annual Development Fee (CAGR) of 4.3% in the course of the forecast interval of 2023-2028.
Understanding Audio Codecs
Audio codecs, also called sound codecs, play a vital function in compressing and decompressing audio information streams to cut back bit charges and storage necessities. These codecs embody each {hardware} and software program parts, incorporating sign routing, mixing channels, microphone and line inputs, digital-to-analog converters (DAC), and analog-to-digital converters (ADC), facilitating smoother audio transmissions. Extensively used audio codec codecs as we speak embrace MP3, superior audio coding (AAC), Apple lossless audio code (ALAC), free lossless audio codec (FLAC), and Home windows media audio (WMA).
Market Drivers
The surge in smartphone gross sales, coupled with escalating cellular information visitors, serves as a pivotal issue driving the worldwide smartphone audio codecs market. The rising reputation of music streaming companies can be propelling demand for audio codecs worldwide. Moreover, as Bluetooth earphones and headphones acquire widespread adoption, main producers are specializing in incorporating progressive options akin to parametric equalizers, dynamic vary management, noise cancellation, and 3D sound processing to broaden their shopper base.
Moreover, the trade has just lately witnessed the introduction of aptX expertise, able to wirelessly transmitting 24-bit high-resolution audio. This expertise reduces audio file sizes earlier than transmission with out compromising sound high quality, fostering a constructive market outlook for future progress.
Key Market Segmentation
The great report gives an evaluation of key tendencies inside sub-segments of the worldwide smartphone audio codecs market, providing forecasts at international, regional, and nation ranges from 2023 to 2028. The market is categorized based mostly on element, converter kind, and software kind:
Breakup by Element:
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{Hardware}
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Mono Codecs
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Stereo Codecs
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Multi-channel Codecs
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Software program
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Non-compression
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Lossy Compression
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Lossless Compression
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Breakup by Converter Kind:
Breakup by Software Kind:
Regional Insights:
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North America
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Asia Pacific
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Europe
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Latin America
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Center East and Africa
Aggressive Panorama
The aggressive panorama of the trade has been totally examined, that includes key gamers akin to ams AG, Analog Units, Inc., Broadcom Inc., Cirrus Logic Inc., CML Microcircuits (UK) Ltd., Dialog Semiconductor PLC, Built-in System Expertise, Inc., Maxim Built-in Merchandise, Inc., NXP Semiconductors N.V., STMicroelectronics Worldwide N.V., and Texas Devices Integrated.
Key Questions Answered in This Report:
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Efficiency of the worldwide smartphone audio codecs market so far and future projections.
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Influence of COVID-19 on the worldwide smartphone audio codecs market.
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Breakdown of the market by element, {hardware} product kind, software program compression kind, converter kind, and software kind.
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Key driving components and challenges within the trade.
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Aggressive panorama and key gamers.
Key Attributes:
|
Report Attribute |
Particulars |
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No. of Pages |
150 |
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Forecast Interval |
2022 – 2028 |
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Estimated Market Worth (USD) in 2022 |
$6.5 Billion |
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Forecasted Market Worth (USD) by 2028 |
$8.4 Billion |
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Compound Annual Development Fee |
4.4% |
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Areas Lined |
International |
For extra details about this report go to https://www.researchandmarkets.com/r/7wktmx
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