Smartphone Audio Codecs Market 2021-2026: Future Scope, Size, Business Growth, Industry Top Companies Share, Outlook, and Forecast

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 According to the latest report by IMARC Group, titled  “Smartphone Audio Codecs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global smartphone audio codecs market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global smartphone audio codecs market to grow at a CAGR of 5.2% during 2021-2026. A smartphone audio codec assists in the compression and decompression of a digital audio data stream. It can be both an electronic device that features analog-to-digital converter (ADC) and digital-to-analog converter (DAC) used in sound cards to support audio in and audio out functions, or computer-based software that compresses or decompresses digital audio data as per the media audio coding format. A smartphone audio codec minimizes the number of bits of an audio file while retaining its accuracy and quality. This helps to reduce the need for storage space and bandwidth for transmission.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Global Smartphone Audio Codecs Market Trends:

The market is currently experiencing moderate growth on account of the growing popularity of music streaming services across the globe. Apart from this, boosting sales of smartphones and the rising mobile data traffic represents another factor influencing the demand for smartphone audio codecs positively. Furthermore, the industry recently witnessed the launch of aptX technology that helps reduce the size of an audio file before transmission without affecting its overall sound quality. Moreover, with the increasing adoption of Bluetooth earphones and headphones, leading key players are investing in research and development (R&D) projects to offer innovative and advanced features in their products, such as noise cancellation, 3D sound processing, parametric equalizers and dynamic range control. 

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Key Market Segmentation:

Competitive Landscape with Key Player:

  • Ams AG
  • Analog Devices, Inc.
  • Broadcom Inc.
  • Cirrus Logic Inc
  • CML Microcircuits (UK) Ltd.
  • DescriptionDialog Semiconductor PLC
  • Integrated Device Technology, Inc.
  • Maxim Integrated Products, Inc.
  • NXP Semiconductors N.V.
  • STMicroelectronics International N.V.
  • Texas Instruments Incorporated.

Market Breakup by Component:

Hardware

  • Mono Codecs
  • Stereo Codecs
  • Multi-channel Codecs

Software

  • Non-compression
  • Lossy Compression
  • Lossless Compression

Market Breakup by Converter Type:

  • Analog to Digital Converter
  • Digital to Analog Converter

Market Breakup by Application Type:

  • IOS
  • Android

Market Breakup by Region:

  • North America Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa.

Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021- 2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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