Global Smartphone Audio Codecs Market Size study, by Component, by Converter Type, by Application and Regional Forecasts 2022-2032

Description

The Global Smartphone Audio Codecs Market was valued at approximately USD 7.13 billion in 2023 and is projected to grow at a robust CAGR of 5.70% from 2024 to 2032. A smartphone audio codec is a critical component in mobile devices, responsible for coding and decoding digital audio streams. It encompasses various elements such as signal routing and mixing channels, microphone and line inputs, amplifier blocks, digital-to-analog (DAC) converters, and analog-to-digital (ADC) converters.

The increasing internet penetration and data traffic are significant drivers of the market, further fuelled by the low cost of smartphone audio codecs. However, the complex structure of these audio codecs may pose a challenge to market growth. The growing adoption of smartphones presents a substantial opportunity for key players in the smartphone audio codecs market, offering avenues for innovation and expansion. Moreover, regulatory standards and industry collaborations play a role in shaping market dynamics, influencing the adoption and implementation of standardized audio codecs across smartphone models. Additionally, advancements in power efficiency and integration of audio processing capabilities within system-on-chip (SoC) designs contribute to optimizing battery life and overall smartphone performance. In addition, Advancements in the telecommunications network and audio technology are creating new opportunities to the market growth. However, High battery consumption by audio codecs and high cost of product is hampering the market growth.

Key regions considered in the Global Smartphone Audio Codecs Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In year 2023, North America is the leading region in the Global Smartphone Audio Codecs Market. This leadership position is primarily attributed to several key factors. Firstly, North America is home to some of the world's largest smartphone manufacturers and technology innovators, including Apple and Qualcomm, which are pivotal in driving advancements in smartphone audio technologies and codecs. The region has a strong consumer base that values high-quality audio experiences, driving demand for smartphones equipped with advanced audio codecs. Consumers in North America often prioritize superior sound quality for music streaming, gaming, and multimedia consumption, which fuels the adoption of smartphones featuring premium audio capabilities. Furthermore, North America benefits from a robust ecosystem of audio technology developers, chipset manufacturers, and wireless carriers that collaborate to integrate and optimize audio codecs within smartphone designs. This collaborative environment fosters innovation and ensures that North American smartphone offerings remain at the forefront of audio performance and technology. On the other hand, Asia Pacific is projected to registered fastest growth during the projected period 2024-2032, The Asia-Pacific region has witnessed rapid adoption and penetration of smartphones, driven by increasing affordability, expanding middle-class population, and improving internet infrastructure. This large and growing base of smartphone users creates substantial demand for smartphones with enhanced audio capabilities, including advanced audio codecs.

Major market players included in this report are:

Advanced Micro Devices, Inc.
Ams-OSRAM AG
Analog Devices, Inc.
AntennaWare Limited
Ateme S.A.
Axis Communications AB
Barix AG
Bluetooth SIG, Inc.
Broadcom Inc.
Canecom Ltd.
Cirrus Logic Inc.
CML Microcircuits (UK) Ltd.
Digigram
DSP Group, Inc.
GL Communications, Inc.

The detailed segments and sub-segment of the market are explained below:

By Component

Hardware
Software

By Converter Type

Analog-to-Digital Converter
Digital-to-Analog Converter

By Application

Automobile
Television Sets
Smartphones and Tablets
Desktop and Laptops
Head Sets and Wearable Devices
Music & Media Devices and Home Theatres
Gaming Consoles
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Smartphone Audio Codecs Market Executive Summary

1.1. Global Smartphone Audio Codecs Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Converter Type
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Smartphone Audio Codecs Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Smartphone Audio Codecs Market Dynamics

3.1. Market Drivers
- 3.1.1. Increase in Internet Penetration and Data Traffic
- 3.1.2. Low Cost of Smartphone Audio Codecs
3.2. Market Challenges
- 3.2.1. Complex Structure of Audio Codecs
3.3. Market Opportunities
- 3.3.1. Growing Adoption of Smartphones

Chapter 4. Global Smartphone Audio Codecs Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Smartphone Audio Codecs Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Smartphone Audio Codecs Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Hardware
- 5.2.2. Software

Chapter 6. Global Smartphone Audio Codecs Market Size & Forecasts by Converter Type 2022-2032

6.1. Segment Dashboard
6.2. Global Smartphone Audio Codecs Market: Converter Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Analog-to-Digital Converter
- 6.2.2. Digital-to-Analog Converter

Chapter 7. Global Smartphone Audio Codecs Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Smartphone Audio Codecs Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Automobile
- 7.2.2. Television Sets
- 7.2.3. Smartphones and Tablets
- 7.2.4. Desktop and Laptops
- 7.2.5. Head Sets and Wearable Devices
- 7.2.6. Music & Media Devices and Home Theatres
- 7.2.7. Gaming Consoles
- 7.2.8. Others

Chapter 8. Global Smartphone Audio Codecs Market Size & Forecasts by Region 2022-2032

8.1. North America Smartphone Audio Codecs Market
- 8.1.1. U.S. Smartphone Audio Codecs Market
  - 8.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Converter Type breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Smartphone Audio Codecs Market
  - 8.1.2.1. Component breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Converter Type breakdown size & forecasts, 2022-2032
  - 8.1.2.3. Application breakdown size & forecasts, 2022-2032
8.2. Europe Smartphone Audio Codecs Market
- 8.2.1. UK Smartphone Audio Codecs Market
- 8.2.2. Germany Smartphone Audio Codecs Market
- 8.2.3. France Smartphone Audio Codecs Market
- 8.2.4. Italy Smartphone Audio Codecs Market
- 8.2.5. Spain Smartphone Audio Codecs Market
- 8.2.6. Rest of Europe Smartphone Audio Codecs Market
8.3. Asia-Pacific Smartphone Audio Codecs Market
- 8.3.1. China Smartphone Audio Codecs Market
- 8.3.2. Japan Smartphone Audio Codecs Market
- 8.3.3. India Smartphone Audio Codecs Market
- 8.3.4. Australia Smartphone Audio Codecs Market
- 8.3.5. South Korea Smartphone Audio Codecs Market
- 8.3.6. Rest of Asia Pacific Smartphone Audio Codecs Market
8.4. Latin America Smartphone Audio Codecs Market
- 8.4.1. Brazil Smartphone Audio Codecs Market
- 8.4.2. Mexico Smartphone Audio Codecs Market
- 8.4.3. RoLA Smartphone Audio Codecs Market
8.5. Middle East and Africa Smartphone Audio Codecs Market
- 8.5.1 Saudi Arabia Smartphone Audio Codecs Market
- 8.5.2. South Africa Smartphone Audio Codecs Market
- 8.5.3. Rest of Middle East and Africa Smartphone Audio Codecs Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Advanced Micro Devices, Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Ams-OSRAM AG
- 9.3.3. Analog Devices, Inc.
- 9.3.4. AntennaWare Limited
- 9.3.5. Ateme S.A.
- 9.3.6. Axis Communications AB
- 9.3.7. Barix AG
- 9.3.8. Bluetooth SIG, Inc.
- 9.3.9. Broadcom Inc.
- 9.3.10. Canecom Ltd.
- 9.3.11. Cirrus Logic Inc.
- 9.3.12. CML Microcircuits (UK) Ltd.
- 9.3.13. Digigram
- 9.3.14. DSP Group, Inc.
- 9.3.15. GL Communications, Inc.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes