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Below are some of the key findings from the smartphone audio codecs market research report
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The increase in mobile data traffic is one of the key factors expected to trigger the market’s growth in the forthcoming years. Owing to an increasing number of smartphone users subscribing to audio on demand and video on demand applications, mobile data traffic has increased in recent years. In addition, with the rising shipment of smartphones, the demand for audio codes from the consumer electronics sector has also increased considerably. As a result, smartphone manufacturers are increasingly focusing on integrating audio codecs and other components in smartphones to offer differentiation in the market. The smartphone audio codecs market is projected to register a CAGR of over 3% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in year-over-year growth.
The growing adoption of premium range smartphones is one of the key trends expected to gain traction in the market. The recently launched premium smartphones are usually equipped with audio codec, eight-core processor, rapid charging technologies, and many other technologies. Audio codec IC has become a key component in extending the audio processing of the smartphone. As a result, the rising adoption of premium smartphones will augment the demand for smartphone audio codecs in the forthcoming years.
The smartphone audio codecs market is moderately fragmented with companies focusing on engaging in the rising number of mergers and acquisitions in the video and audio-on-demand industry to offer product differentiation. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this smartphone audio codecs industry analysis report is designed to help clients assess market potential and form effective business strategies to strengthen their position in the market.
The report offers a complete analysis of various companies including:
The APAC region will account for the highest smartphone audio codecs market share throughout the forecast period. However, in terms of change in market share from 2017 to 2022, the EMEA region will account for the highest growth.
The software segment will account for the highest market share during the forecast period. Additionally, the report will also provide an accurate prediction of the contribution of the various other type segments to the growth of the smartphone audio codecs market size.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY TYPE
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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