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Audio Codec: Introduction

  • An audio codec is a device that codes and decodes audio signals. CODECs combine an ADC and DAC with one or more conversion algorithms depending on the exact application.
  • Audio codec is used to minimize the number of bits of the given audio file, while retaining its accuracy, quality, and reducing the storage space of the audio file
  • Audio codec uses multiple formats such as FLAC (Free Lossless Audio Codec), ALAC (Apple Lossless Audio Codec), and WMA (Windows Media Audio) to offer uncompressed audio file in reduced size
  • Multiple manufacturers across the globe are engaged in developing high quality, affordable, and compact size of audio codec to address the needs of their customers
  • Based on component, the audio codec market is bifurcated into hardware and software
  • Audio codec is used in various applications such as automobile infotainment, wearable devices, smartphones & tablets, media devices, and desktops & laptops

Growing Demand for Audio Codec for use in Wearable Devices

  • Audio codec are largely used in consumer electronic devices such as smartphones, tablets, laptops, headphones, and wearable devices as it provides speaker protection, microphone noise suppression during wideband calls, and acoustic echo cancellation
  • Adoption of software embedded devices is increasing across the globe as it provides flexibility for upgrade, consumes less space, and is economical
  • Moreover, headphones, headsets, and wearable devices are enabled with IoT technology, owing to growing demand among customers for communication and entertainment applications
  • Multiple manufacturers are engaged in development of technologically advanced products. In line with this, in August 2018, Qualcomm Technologies, Inc. announced the launch of its audio codec, “Qualcomm aptX Adaptive,” a next-generation audio codec for dynamic next-gen premium wireless audio experiences.
  • The exponential adoption of audio codec in the consumer electronics industry for wearable devices and applications is propelling the market growth and development
  • As a result of these factors, demand for audio codec in wearable devices is growing, which is expected to drive the global audio codec market during the forecast period

Asia Pacific to Lead the Audio Codec Market

  • In terms of region, the global audio codec market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • Asia Pacific is anticipated to dominate the global audio codec market throughout the forecast period, as a large number of manufacturers of audio codec operate in the region
  • Additionally, many well-established players based in Asia Pacific are focusing on development of new technology in audio codec which is expected to boost the market in the region during the forecast period
  • The audio codec market in North America and Europe is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.

Key Players Operating in the Global Audio Codec Market

The global audio codec market was highly fragmented in 2020. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for audio codec. Moreover, manufacturers are signing partnerships for the development of innovative products.

Key players operating in the global audio codec market include:

  • Analog Devices, Inc.
  • Cirrus Logic, Inc.
  • Dolby Laboratories, Inc.
  • Maxim Integrated
  • Qualcomm Technologies, Inc.
  • Realtek Semiconductor Corp.
  • ROHM CO., LTD.
  • STMicroelectronics
  • Texas Instruments Incorporated
  • Others

Global Audio Codec Market: Research Scope

Global Audio Codec Market, by Component

  • Hardware
  • Software

Global Audio Codec Market, by Application

  • Desktops and Laptops
  • Smartphones and Tablets
  • Music & Media Device
  • Television and Gaming Consoles
  • Headphones, Headsets, and Wearable Devices
  • Automobile Infotainment
  • Others

Global Audio Codec Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Audio Codec Market

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