Audio Codec by Component, Type, Compression Type, Application, & Geography - Global Forecast to 2022

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MarketsandMarkets Presents
Audio Codec Market worth 7.44 Billion USD by 2022
The most significant factor driving the audio
codec market is the increasing demand for mobile
phone and tablet, which in turn, is leading to
the rise in demand for audio codec market.
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audio-codec-market-225395818.html
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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. Download PDF Brochure
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395818
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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 also
profiles the most promising players in the audio
codec market. The competitive landscape of the
market presents a very interesting picture where
a large number of big and small players have
become a force to reckon with. The key players in
the audio codec market are Cirrus Logic, Inc.
(U.S.), Texas Instruments Inc. (U.S.),
STMicroelectronics N.V (Switzerland), Qualcomm
Inc. (U.S.), Analog Devices, Inc. (U.S.) and
Maxim Integrated Products Inc. (U.S.), Realtek
Semiconductor Corp. (Taiwan), Dolby Laboratories,
Inc. (U.S.), Fraunhofer IIS (Germany), and
Technicolor SA (France) among others. 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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arrived and defend the accuracy of the numbers.
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