Smartphone Audio Codecs

Smartphone Audio Codecs

Global Audio Codecs Market to Reach $7.7 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Audio Codecs estimated at US$5.8 Billion in the year 2020, is projected to reach a revised size of US$7.7 Billion by 2027, growing at aCAGR of 4.2% over the period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record 3.2% CAGR and reach US$5.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 6.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 3.9% CAGR

The Audio Codecs market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 3.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Select Competitors (Total 47 Featured) -

• ams AG
• Analog Devices, Inc.
• Broadcom Ltd.
• Cirrus Logic, Inc.
• CML Microcircuits Ltd.
• Integrated Device Technology, Inc.
• Maxim Integrated Products, Inc.
• STMicroelectronics NV
• Texas Instruments, Inc.

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