The Insight Partners, the audio ICs and audio amplifiers market would increase at a CAGR of 7.7% from from 2020 to 2028, reaching $ 22,525.7 million.

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Growing appetite for a connected world and the need for miniaturization are driving advancements in the audio IC and audio amplifier industry. Amplifiers are responsible for maximizing signal oscillations without affecting frequency or wavelength, further improving the efficiency of the audio system. In addition, new trends such as stringent government regulations on environmental protection and increased adoption of energy-efficient technologies are driving the miniaturization of electronic devices.

Latest Industry Study “Audio IC and Audio Amplifier Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Audio IC Type (A/D Converter IC, Processor IC, Amplifier IC, D/A Converter IC, Others )” and Audio Amplifier Class (Class A/B, Class D, Class G, Class H)” industry forecast to grow from $13,424.5 million in 2021 to $22,525.7 million in 2028 It has been. It is estimated to grow at a CAGR of 7.7% from 2021 to 2028.

Highlights

  • Growing Popularity of AI-Based Smart Speakers Drives

  • Technological developments and high disposable incomes of the working population should also contribute to the growth of the industry. Therefore, growing trend of miniaturization would boost the demand for connected devices for application-based processors and subsystems, thereby driving the demand for Hi-Fi audio in commercial events, on-board media entertainment systems, and development of VR technology drives the growth of audio IC and audio amplifier industry.

The growing trend of AI-enabled smart speakers is driving the audio IC and audio amplifier industry. The rise in preference for smart homes with luxurious entertainment systems, escalating demand for smart speakers with display features, and high inclination toward multifunctional devices, all coupled with rising per capita income of populations globally are among the key factors driving the sales of AI-based smart speakers, which is fueling the audio IC and audio amplifier industry growth. Audio IC and

Smart speakers come with voice command recognition and virtual assistance, enabled with Bluetooth and Wi-Fi connectivity options, which aid hands-free activation and interactive abilities such as music playback, voice interaction, day-to-day activity listing, news streaming, and weather forecast. The AI assistance and connectivity technologies allow users to control their home automation devices via smart speakers.

Audio Amplifier Industry: Competitive Landscape and Key Developments

Maxim Integrated; Infineon Technologies AG; NXP Semiconductors; Cirrus Logic, Inc.; ICEpower a/S; , Inc. is one of the largest companies in the audio IC and audio amplifier industry. In March 2021 ST Microelectronics has developed the HFDA801A. The HFDA801A is a 2MHz Class D switching amplifier with Pulse Width Modulation (PWM) that quietly switches on and off under all load conditions without producing output artifacts, delivering High Definition (HD) quality sound We guarantee. In November 2019, Texas Instruments Incorporated announced his TLV320ADC5140, a new audio analog-to-digital converter (ADC).

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