Global Audio Codec Market 2022-2028
Gen Consulting Company estimates the global audio codec market will total USD 9,765 million by 2028, an average annual growth of 5.2 percent during the forecast period, according to the latest edition of the Global Audio Codec Market Report.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global audio codec market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the audio codec industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, application, and region. The global market for audio codec can be segmented by component: hardware, software. The software segment was the largest contributor to the global audio codec market in 2021. Audio codec market is further segmented by application: automotive, gaming consoles, home audio systems, mobile phones, computers, tablets, televisions, wearables, headphones and headsets, others. According to the research, the mobile phones segment had the largest share in the global audio codec market. Based on region, the audio codec market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). Asia Pacific held the largest revenue share in 2021.
By component:
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