ASIA-PACIFIC CLASS D AUDIO AMPLIFIER MARKET 2022-2028
MARKET OUTLOOK
A Triton Market Research report states that the market for class D audio amplifier in the Asia-Pacific is likely to progress with a CAGR of 10.91% over the forecast years from 2022 to 2028. China, India, Japan, Australia & New Zealand, South Korea, ASEAN countries, and Rest of Asia-Pacific together comprise the market in this region.
South Korea is one of the pioneers in the field of technological developments and innovations. There is a large number of audio amplifier manufacturers in the country. Also, the presence of players like Sony, Samsung, and others, in the country further boosts the demand for audio amplifiers.
The growing demand for smartphones and smart devices presented huge growth prospects for the consumer electronics market in India. India is a nation with the second-largest population in the world, with a large number of people in the working-age group with disposable income. This has increased the demand for electronic devices. The growing adoption of consumer electronics is expected to benefit the growth of the audio amplifiers market.
Further, in FY2021, the total production of passenger vehicles reached 22,652,108 units. The sales of electric vehicles in India (excluding E-rickshaws) witnessed a rise of 20%, reaching 1.56 lac units in FY2020. Estimates from the India Energy Storage Alliance suggest that the EV market in India would witness major growth in the forthcoming period. This will prove beneficial for the adoption of audio amplifiers.
COMPETITIVE OUTLOOK
The prominent companies in the class D audio amplifier market are NXP Semiconductors NV, Onsemi Corporation, Analog Devices, Pass Laboratories Inc, Qualcomm Inc, Marshall Amplification PLC, ROHM Semiconductors Ltd, and Silicon Laboratories Inc.
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