Market Overview:
The global multi-channel audio codecs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-quality audio content across different applications and regions. In addition, the growing trend of using digital audio codecs is also contributing to the growth of this market. Based on type, the global multi-channel audio codecs market can be segmented into analog and digital. The digital segment is expected to grow at a higher CAGR than the analog segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as rising demand for high-quality sound, increasing penetration of digital devices, and technological advancements in digital audio codecs. Based on application, the global multi-channel audio codecs market can be divided into desktop and laptop, mobile phone and tablet, music & media device and home theatre system, television and gaming console, headphone/headset/wearable device segments respectively). Among these segments, desktop & laptop (including notebooks) held majority share in 2017; however it is projected that mobile phone & tablet will witness highest CAGR over next 10 years owing increased adoption rate of smartphones globally with features like Dolby Atmos® which offer immersive surround sound experience without any additional hardware requirements such as an AV receiver or extra speakers .
Product Definition:
Multi-channel audio codecs encode and decode multi-channel audio signals. They are used in devices such as home theater systems, smartphones, and tablets to create and play back surround sound. Multi-channel audio codecs are important for delivering an immersive listening experience.
Analog:
Analog is a continuously growing and evolving technology that has been around for decades. It's primary application area is in speaker systems, microphones, vinyl records/CDs and all audio equipment that uses an analog input jack. Analog audio signals are continuous variable-sized signals; they vary according to the source device (such as a CD player or tape deck).
Digital:
The digital audio market is witnessing a rapid change with the advent of new technologies such as lossless compression, HE-AAC, and AAC. The industry has shifted from CDs to MP3s and now to OTT platforms. The transition from physical media to online streaming has been pivotal in shaping the future of music consumption.
Application Insights:
The other application segment, which includes automobile infotainment and wearable devices, held the largest market share of over 30% in 2017. The rising demand for multi-channel audio codecs in these applications is attributed to the growing preference for entertainment and gaming on mobile phones, tablets, music players as well as personal computers. Moreover, increasing penetration of smart speakers is expected to drive the demand further.
Desktop and laptop are estimated to be one of the fastest-growing segments owing to its wide application across various end-use industries such as education institutes (K12), corporate offices/workplaces (SMEs/MNCs), government agencies (GAs) and healthcare facilities among others. Increasing usage of multi channel audioCodec by SMEs/MNCs at their offices or homes along with a high number of internet users has led this segment towards significant growth over recent years.
Regional Analysis:
The Asia Pacific region is expected to emerge as the fastest-growing market over the forecast period. The growth can be attributed to increasing penetration of smartphones, rising demand for high-quality audio in entertainment and communication applications, and advancements in digital music technology. Furthermore, rising popularity of subscription video on demand (SVOD) services such as Netflix and Amazon Prime Video is driving adoption of multi-channel codecs across this region.
North America held a significant share in 2016 owing to growing use cases such as telecommunication systems, automotive infotainment systems, home automation devices & smart appliances among others. Europe also accounted for a considerable market share due to increased usage by laptops/PCs along with other mobile phones/Tablets for voice calls & messaging along with music & video streaming from online sources such as YouTube or Dailymotion using Wi-Fi or 3G network connections at home or public places etc., which further drives adoption across this region during the forecast period.
Growth Factors:
- Increasing demand for high-quality audio content: The increasing demand for high-quality audio content is one of the key growth drivers for the multi-channel audio codecs market. Multi-channel audio codecs offer superior sound quality as compared to traditional stereo codecs, and this is driving their adoption in a number of applications, including smartphones, tablets, laptops, and gaming consoles.
- Proliferation of 4K video content: The proliferation of 4K video content is another major growth driver for the multi-channel audio codecs market. With the increasing popularity of 4K TVs and other devices that support 4K playback, there is a growing demand for multi-channel audio codecs that can deliver superior sound quality with minimal compression artifacts.
- Emergence of new streaming formats: The emergence of new streaming formats such as Dolby Atmos and DTS:X has led to an increase in demand for multi-channel audio codecs capable of supporting these formats. These new streaming formats offer enhanced surround sound experience to users and are likely to drive widespread adoptionofmulti - channelaudio coders in the near future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-channel Audio Codecs Market Research Report
By Type
Analog, Digital
By Application
Desktop and Laptop, Mobile Phone and Tablet, Music & Media Device and Home Theatre, Television and Gaming Console, Headphone, Headset, and Wearable Device, Automotive Infotainment, Other
By Companies
Synaptics(US), Dialog Semiconductor (UK), Asahi Kasei Microdevices (Japan), Cirrus Logic(US), Knowles(US), STMicroelectronics (Switzerland), Texas Instruments (US), Analog Devices(US), ON Semiconductor(US), Infineon Technologies(Germany), Synaptics(US), NXP Semiconductors(Netherlands), Silicon Laboratories (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Multi-channel Audio Codecs Market Report Segments:
The global Multi-channel Audio Codecs market is segmented on the basis of:
Types
Analog, Digital
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Desktop and Laptop, Mobile Phone and Tablet, Music & Media Device and Home Theatre, Television and Gaming Console, Headphone, Headset, and Wearable Device, Automotive Infotainment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Synaptics(US)
- Dialog Semiconductor (UK)
- Asahi Kasei Microdevices (Japan)
- Cirrus Logic(US)
- Knowles(US)
- STMicroelectronics (Switzerland)
- Texas Instruments (US)
- Analog Devices(US)
- ON Semiconductor(US)
- Infineon Technologies(Germany)
- Synaptics(US)
- NXP Semiconductors(Netherlands)
- Silicon Laboratories (US)
Highlights of The Multi-channel Audio Codecs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Analog
- Digital
- By Application:
- Desktop and Laptop
- Mobile Phone and Tablet
- Music & Media Device and Home Theatre
- Television and Gaming Console
- Headphone, Headset, and Wearable Device
- Automotive Infotainment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multi-channel Audio Codecs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multi-channel audio codecs are a type of digital audio compression technology that allow for the encoding and decoding of multiple channels of audio data simultaneously. This allows for more efficient storage and transmission of high-quality audio files, which can improve the overall sound quality experience.
Some of the major players in the multi-channel audio codecs market are Synaptics(US), Dialog Semiconductor (UK), Asahi Kasei Microdevices (Japan), Cirrus Logic(US), Knowles(US), STMicroelectronics (Switzerland), Texas Instruments (US), Analog Devices(US), ON Semiconductor(US), Infineon Technologies(Germany), Synaptics(US), NXP Semiconductors(Netherlands), Silicon Laboratories (US).
The multi-channel audio codecs market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-channel Audio Codecs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multi-channel Audio Codecs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi-channel Audio Codecs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multi-channel Audio Codecs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multi-channel Audio Codecs Market Size & Forecast, 2020-2028
4.5.1 Multi-channel Audio Codecs Market Size and Y-o-Y Growth
4.5.2 Multi-channel Audio Codecs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Analog
5.2.2 Digital
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Desktop and Laptop
6.2.2 Mobile Phone and Tablet
6.2.3 Music & Media Device and Home Theatre
6.2.4 Television and Gaming Console
6.2.5 Headphone
6.2.6 Headset
6.2.7 and Wearable Device
6.2.8 Automotive Infotainment
6.2.9 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-channel Audio Codecs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multi-channel Audio Codecs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Analog
9.6.2 Digital
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Desktop and Laptop
9.10.2 Mobile Phone and Tablet
9.10.3 Music & Media Device and Home Theatre
9.10.4 Television and Gaming Console
9.10.5 Headphone
9.10.6 Headset
9.10.7 and Wearable Device
9.10.8 Automotive Infotainment
9.10.9 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Analog
10.6.2 Digital
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Desktop and Laptop
10.10.2 Mobile Phone and Tablet
10.10.3 Music & Media Device and Home Theatre
10.10.4 Television and Gaming Console
10.10.5 Headphone
10.10.6 Headset
10.10.7 and Wearable Device
10.10.8 Automotive Infotainment
10.10.9 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Analog
11.6.2 Digital
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Desktop and Laptop
11.10.2 Mobile Phone and Tablet
11.10.3 Music & Media Device and Home Theatre
11.10.4 Television and Gaming Console
11.10.5 Headphone
11.10.6 Headset
11.10.7 and Wearable Device
11.10.8 Automotive Infotainment
11.10.9 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Analog
12.6.2 Digital
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Desktop and Laptop
12.10.2 Mobile Phone and Tablet
12.10.3 Music & Media Device and Home Theatre
12.10.4 Television and Gaming Console
12.10.5 Headphone
12.10.6 Headset
12.10.7 and Wearable Device
12.10.8 Automotive Infotainment
12.10.9 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Analog
13.6.2 Digital
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Desktop and Laptop
13.10.2 Mobile Phone and Tablet
13.10.3 Music & Media Device and Home Theatre
13.10.4 Television and Gaming Console
13.10.5 Headphone
13.10.6 Headset
13.10.7 and Wearable Device
13.10.8 Automotive Infotainment
13.10.9 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multi-channel Audio Codecs Market: Competitive Dashboard
14.2 Global Multi-channel Audio Codecs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Synaptics(US)
14.3.2 Dialog Semiconductor (UK)
14.3.3 Asahi Kasei Microdevices (Japan)
14.3.4 Cirrus Logic(US)
14.3.5 Knowles(US)
14.3.6 STMicroelectronics (Switzerland)
14.3.7 Texas Instruments (US)
14.3.8 Analog Devices(US)
14.3.9 ON Semiconductor(US)
14.3.10 Infineon Technologies(Germany)
14.3.11 Synaptics(US)
14.3.12 NXP Semiconductors(Netherlands)
14.3.13 Silicon Laboratories (US)
