DUBLIN, Nov. 2, 2023 /PRNewswire/ — The “Smartphone Audio Codecs Market: World Trade Developments, Share, Dimension, Development, Alternative and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s providing.
The worldwide smartphone audio codecs market has witnessed exceptional progress, reaching a valuation of US$ 6.5 billion in 2022. Trade specialists anticipate continued growth, projecting the market to succeed in US$ 8.4 billion by 2028, with a notable Compound Annual Development Price (CAGR) of 4.3% through the forecast interval of 2023-2028.
Understanding Audio Codecs
Audio codecs, often known as sound codecs, play an important 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. Broadly used audio codec codecs as we speak embody 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 cell information visitors, serves as a pivotal issue driving the worldwide smartphone audio codecs market. The rising reputation of music streaming providers can be propelling demand for audio codecs worldwide. Moreover, as Bluetooth earphones and headphones acquire widespread adoption, main producers are specializing in incorporating revolutionary options resembling parametric equalizers, dynamic vary management, noise cancellation, and 3D sound processing to broaden their shopper base.
Moreover, the business has 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 optimistic market outlook for future progress.
Key Market Segmentation
The excellent report supplies an evaluation of key developments 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 primarily based on element, converter sort, and utility sort:
Breakup by Part:
- {Hardware}
- Mono Codecs
- Stereo Codecs
- Multi-channel Codecs
- Software program
- Non-compression
- Lossy Compression
- Lossless Compression
Breakup by Converter Kind:
- Analog to Digital Converter
- Digital to Analog Converter
Breakup by Utility Kind:
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
- Center East and Africa
Aggressive Panorama
The aggressive panorama of the business has been totally examined, that includes key gamers resembling ams AG, Analog Gadgets, 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:
- Efficiency of the worldwide smartphone audio codecs market thus far and future projections.
- Affect of COVID-19 on the worldwide smartphone audio codecs market.
- Breakdown of the market by element, {hardware} product sort, software program compression sort, converter sort, and utility sort.
- Key driving components and challenges within the business.
- Aggressive panorama and key gamers.
For extra details about this report go to https://www.researchandmarkets.com/r/ov6n6l
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