Global Smartphone Audio Codecs Market 2018-2022

Below are some of the key findings from the smartphone audio codecs market research report

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Global smartphone audio codecs industry overview

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.

Top smartphone audio codecs companies covered in this market research report

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:

• Analog Devices
• Broadcom
• Maxim Integrated
• STMicroelectronics
• Texas Instruments

Smartphone audio codecs market segmentation based on geographic regions

• Americas
• APAC
• EMEA

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.

Smartphone audio codecs market segmentation based on type

• Hardware
• Software

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.

Key highlights of the global smartphone audio codecs market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the smartphone audio codecs market during the next five years
• Precise estimation of the global smartphone audio codecs market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the smartphone audio codecs industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the smartphone audio codecs companies

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