Information Technology
Audio Amplifier IC's Market to be dominated by Asia Pacific at a CAGR of 7.5 percent by 2030- Says Stellar Market Research
Stellar Market Research, a leading Electronics business research firm has published a report on the " Audio Amplifier IC's Market ". The total market size for the Audio Amplifier IC Market was USD 3.57 Bn in 2023 and is expected to grow at a CAGR of 7.5 percent through the forecast period, reaching USD 5.92 Bn by 2030.
Smart TVs, game consoles, tablets, smartphones, and other gadgets are prioritizing high-quality sound to meet user demand for realistic sound experiences. This has raised the need for integrated circuits (ICs) for audio amplifiers that provide exceptional sound quality and improve user experiences. According to SMR, 80% of consumers consider sound quality an important factor when purchasing electronic devices, highlighting the demand for high-performance audio amplifier ICs. According to SMR research, about 1.3 billion units of Bluetooth audio devices were distributed worldwide in 2022, contributing to the about 25% yearly growth in wireless music streaming over Bluetooth devices. This widespread use highlights the necessity for wireless audio amplifier integrated circuits (ICs), which ensure smooth pairing and communication across various devices. Additionally, there are greater uses for audio amplifier integrated circuits given the popularity of smart home appliances like smart speakers and home theater systems. Voice control is currently available on around 70% of new smart home devices, which requires advanced audio amplifier integrated circuits (ICs) that are optimized for Internet of Things connection, and features like voice control. Manufacturers are required to include sophisticated audio amplifier ICs to reproduce high-quality, high-resolution audio, meeting the rising consumer demands for premium sound.
The automotive sector in the Asia-Pacific area is strong, with South Korea and Japan leading the standard for integrating cutting-edge audio systems into automobiles. Approximately 7.8 million cars were made in Japan in 2022, and many of them had modern audio technology, such as Class D amplifiers, which are renowned for their small size and energy efficiency. A significant focus on technology innovation also helps the Asia-Pacific region develop audio amplifier integrated circuits (ICs) that satisfy modern consumers with Japanese companies leading the way in miniaturization and integration efforts. The widespread adoption of IoT-based technologies and the emergence of voice control and voice user interfaces (VUI) have made audio processing critical for various applications, including in-car infotainment systems which is expected to continue, driving the demand for advanced audio amplifier ICs. Additionally, China -based companies like Shanghai Awinic Technology, use their manufacturing skills to provide affordable, high audio amplifier integrated circuits. Strategic partnerships and collaborations with major international manufacturers like Texas Instruments and Cirrus Logic increase this cost advantage and allow Chinese companies to broaden their market reach and advances in technology.
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Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.
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