Audio codec market was valued at USD 5.49 Billion in 2015 and is expected to reach USD 7.44 Billion by 2022- Experts Review

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Audio Codec Market by Component (Hardware and
Software), Channel Type (Mono-Codec, Stereo
Codec, and Multi-channel Codec), Compression Type
(Non-Compression, Lossless Compression, and Lossy
Compression), Application, Geography - Global
Forecast to 2022
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According to the new market research report on
the "Audio Codec Market by Component (Hardware
and Software), Channel Type (Mono-Codec, Stereo
Codec, and Multi-channel Codec), Compression Type
(Non-Compression, Lossless Compression, and Lossy
Compression), Application, Geography - Global
Forecast to 2022 The audio codec market is
expected to reach USD 7.44 Billion by 2022, at a
CAGR of 4.3 between 2016 and 2022. The most
significant factor driving the audio codec market
is the increasing mobile phone and tablet
adoption. Increasing consumer electronic products
and passenger car infotainment are the other
factors driving the growth of audio codec market.
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Growing mobile phone and tablet adoption
increases the demand for audio codec. Mobile
phones and tablets held the largest share of the
audio codec market in 2016. 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 a low cost are
the driving factors for the growth of mobile
phones and tablets. Software accounts almost
three-fourth times more market share than the
hardware The software licensing is done at many
stages for the same product. First the audio
codec IC manufacturer gets the licensing for the
usage of audio codec software. The device
manufacturer or the system integrator then has to
again buy the license from the software vendor to
use their software-embedded hardware IC in their
product.
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Asia-Pacific is the major consumer of audio codec
market APAC is expected to hold the largest
share of the total audio codec market in 2016.
The APAC region has emerged as a major
manufacturing hub for the consumer electronic
industry this has led to the majority of the
market share, in terms of audio codec consumption
volume, for both hardware as well as
software. The report articulates the drivers,
restraints, challenges, and opportunities with
respect to the audio codec market and forecast
the market till 2022. The report also gives a
qualitative and quantitative description about
different segments considered for audio codec
market. This global report gives a detailed view
of the market across the four geographical
regions, namely, the Americas, Europe, APAC, and
RoW.
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Browse gtgt 64 market data
tables 63 figures
146 Pages and in-depth TOC on Audio
Codec Market - Global Forecast to 2022 Early
buyers will receive 10 customization on this
report. This is a Premium Report Priced at
Single user US 5650 Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Key players - The Audio Codec Market is
dominated by

• Cirrus Logic, Inc. (U.S.)
• Texas Instruments Inc. (U.S.)
• STMicroelectronics N.V (Switzerland)
• Qualcomm Inc. (U.S.)
• Analog Devices, Inc. (U.S.)

• Maxim Integrated Products Inc. (U.S.)
• Realtek Semiconductor Corp. (Taiwan)
• Dolby Laboratories, Inc. (U.S.)
• Fraunhofer IIS (Germany)
• Technicolor SA (France)

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