LONDON, May 30, 2016 /PRNewswire/ -- "The audio codec
market growth is directly linked with the growth of the mobile
phone and tablet industry"
The audio codec market was valued at USD
5.49 billion in 2015 and is expected to reach USD 7.44 billion by 2022, at a CAGR of 4.3%
between 2016 and 2022. This growth can be attributed to the huge
demand for mobile phones and tablets. The rising middle class
population and improved disposable income and availability of
mobile phones and tablets at low cost are the driving factors for
the growth of mobile phones and tablets.
"Headphone, headset, and wearable device is expected to be the
fastest-growing application in the audio codec market during the
forecast period"
The audio codec market for the headphone, headset, and wearable
device application is expected to grow at the highest rate between
2016 and 2022. This is mainly because of the growing trend of the
usage of wearable devices in the day to day life because of the
changing consumer need with the advancement of connected life with
the development of IoT concept.
"APAC is the fastest-growing region for the audio codec market
during the forecast period"
APAC is expected to be the fastest-growing region of the audio
codec market, between 2016 and 2022. The primary reason behind this
trend is the growing Chinese, South Korean, and Indian consumer
electronic market. This market has evolved into the largest
producer of smartphones, laptops, TVs, and various other
applications and consequently the largest consumer of audio codec
hardware IC enabled with audio codec software across the globe and
is expected to continue the same trend throughout the forecast
period. APAC also accounts for the largest share in 2016 of the
total audio codec market.
The breakup of primaries conducted during the study is depicted
in below.
By Company Type: Tier1 Companies - 35%, Tier 2 Companies – 40% and
Tier 3 Companies – 25%
By Designation: C-level - 45%, Directors- 35%, and Managers-
20%
By Region: North America- 30%,
Europe- 40%, Asia-Pacific- 20%, and RoW- 10%
Some of the major players in the audio codec market are Cirrus
Logic, Inc. (U.S.), Texas Instruments Inc. (U.S.),
STMicroelectronics N.V (Switzerland), Qualcomm Inc. (U.S.), Analog
Devices, Inc. (U.S.) and Maxim Integrated Products Inc. (U.S.),
Realtek Semiconductor Corp. (Taiwan), Dolby Laboratories, Inc. (U.S.),
Fraunhofer IIS (Germany) and
Technicolor SA (France) among
others.
Reasons to buy the report:
- This report includes the market statistics pertaining to
component, application, and geography along with their respective
market size.
- The average audio codec content per application, region, and
country is available in the report.
- The Porter's Five Forces framework has been utilized along with
the value chain analysis to provide an in-depth insight into the
audio codec market.
- Major drivers, restraints, and opportunities for audio codec
market have been detailed in this report.
- Illustrative segmentation, analysis, and forecast for the markets
on the basis component, application, and geography have been
conducted to give an overall view of the audio codec market.
- A detailed competitive landscape includes key players, in-depth
analysis, and market share of the key players.
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https://www.reportbuyer.com/product/3846404/
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/audio-codec-market-by-component-channel-type-compression-type-application--geography---global-forecast-to-2022-300276613.html
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