North America Class D Audio Amplifier Market Forecast 2022-2030
KEY FINDINGS
The North America class D audio amplifier market is projected to register a CAGR of 9.26% over the estimated period of 2022 to 2030. The market growth of the region is attributable to the augmented usage of audio devices and the surging production of vehicles.
MARKET INSIGHTS
The North America class D audio amplifier market growth evaluation includes the assessment of Canada and the United States. Canada is a developing consumer electronic hub, with a share of 5.87% across the regional market. The country’s surge in smartphone penetration is primarily ascribed to the expansion of new applications on a regular basis.
According to the Canadian Radio-television and Telecommunications Commission, Canada is leading the way, with over 75% of its consumers utilizing smartphones. As a result, with the increasing use of smartphones, the country’s market is also projected to observe a rise in demand for wearables, headsets, as well as other devices.
On the other hand, the adoption of audio amplifiers depicted positive insights amid the COVID-19 pandemic. Mobile gaming has also expanded into a multi-million-dollar industry, with people spending more time at home, owing to the virus’ outbreak. Similarly, mobile gaming is likely to become a staple pastime for more smartphone users over the upcoming years, as well. Hence, these factors are set to play a vital role in propelling the North America class D audio amplifier market growth during the forecasting years.
COMPETITIVE INSIGHTS
Some of the top players operating in the market are Qualcomm Incorporated, Cirrus Logic, Texas Instruments, Analog Devices Inc, etc.
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Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
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Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
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