The global audio power amplifiers IC market is forecasted to be appraised at USD 2,888.8 million by 2033, up from USD 1,450.4 million in 2023, advancing at a CAGR of 7.1% during the forecast period.
The audio power amplifier IC industry growth is attributed to the development of energy-efficient, compact, and cost-effective devices for domestic and commercial usage via the endeavors of manufacturers. However, technical faults and issues associated with the integration of audio devices, as well as the demand for the audio system on chip (SoC) are key restraints for the global audio IC industry.
Mergers and acquisitions among audio IC manufacturers due to the rising popularity of wearable devices offer key trends and opportunities for the audio IC market.
Home entertainment systems, smart television systems, and smartphones are increasing in popularity and demand among consumers. This is a vital option for manufacturers and is anticipated to be a major driver for market trends.
The Apple and Google wearable devices such as their smart watches are likely to stimulate the upslope of the audio power amplifier IC market size. This is due to the growing popularity of wearable devices among consumers, owing to the proliferation of smartphones.
There is a requirement to embed onboard computers with digital audio IC in autonomous cars, which is likely to spur the growth of the market. This is owing to the rising trend of investments in self-driven autonomous cars.
| Attributes | Details |
|---|---|
| Audio Power Amplifier IC Market Size (2023) | USD 1,450.4 million |
| Audio Power Amplifier IC Market Size (2033) | USD 2,888.8 million |
| Audio Power Amplifier IC Market CAGR | 7.1% |
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There has been the development of new energy-efficient audio devices, as well as the growing usage of consumer electronics. Hence, to enhance user experience, consumers are likely to increase the adoption of audio power amplifier IC, for both commercial and domestic use.
There is increasing demand for Hi-Fi audio for use in commercial events is a key driver for the market. Moreover, the rise in the deployment of wireless and smart infrastructure is further expected to drive the growth of the market share.
There has been an increase in the integration of audio ICs in various industrial applications, due to the rising advancements in connected devices and IoT technology. This is because the demand for integrated power for application-based processors and subsystems has increased, owing to miniaturization.
There have been several developments like miniaturization and convergence of everyday-use electronic gadgets owing to strict government rules and regulations related to the environment and energy efficiency. This is expected to be a crucial aspect of the audio power amplifier IC market share.
The audio-integrated circuits (IC) can handle a limited amount of power. Moreover, the low-temperature coefficient is difficult to achieve. These factors are likely to serve as key restraints for the adoption of an audio power amplifier IC.
Rising demand for onboard media entertainment systems has considerably aided in the growth of the market. Furthermore, the advancement in helmet devices, as well as virtual reality headsets is growing the demand for audio IC in the market.
| Attributes | Details |
|---|---|
| North America’s Market Share % (2022) | 30.3% |
| The United State’s Market Share % (2022) | 17.9% |
North America is the leading audio power amplifier IC industry, owing to the existence of small and key IC makers, along with a notable revenue of 30.3%. Likewise, stringent government environmental laws are likely to contribute to market growth.
The high disposable income of the working population, along with technological developments in this region are providing options for both consumers and manufacturers. Furthermore, energy-efficient technology to assist in the downsizing of electronic devices is a key emerging market trend in this region.
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| Attribute | Details |
|---|---|
| Europe’s Market Share % (2022) | 23.2% |
| Germany’s Market Share % (2022) | 9.4% |
| The United Kingdom’s CAGR % (2023 to 2033) | 10.3% |
With a revenue of 23.2%, Europe holds the second-largest share of the audio power amplifier IC market. This is attributed to the several industries implementing goods in the healthcare and automobile industries.
Consumer electronics usage increasing in this region, due to the proliferation of the Internet of Things (IoT). It is forecasted to push the sales of audio polar amplifier IC in the future period. Moreover, the success of a wide range of building automation and household applications is supposed to be the key market trend of this region.
Several market players are focusing on the advancement of energy-efficient, compact, and cost-effective devices for domestic and commercial usage. Also, audio power amplifier ICs have facilitated the designing of Mp3 docking stations, and space-constrained applications such as flat-screen TV, which in turn permits high-quality and room-filling sound.
The increasing demand for speakers, smartphones, television, home entertainment, and other consumer electronics is providing start-up companies the leverage to create new and innovative strategies.
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Manufacturers primarily focus on improved product launches by taking inspiration from market restraints and using them as areas of development. Also, several mergers and acquisitions among the key market players further provide significant opportunities.
Key Market Players Profiled in the Audio Power Amplifier IC Market
Recent Developments in the Audio Power Amplifier IC Market
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 7.1% from 2023 to 2033 |
| The base year for estimation | 2022 |
| Historical data | 2018 to 2022 |
| Forecast period | 2023 to 2033 |
| Quantitative units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered | Type, Application, and Region |
| Regional scope | North America; Western Europe; Eastern Europe; the Middle East; and Africa; ASIAN; South Asia; Rest of Asia; Australia; and New Zealand |
| Country scope | The United States, Canada, Mexico, Germany, the United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates, Iran, South Africa |
| Key companies profiled | STMicroelectronics; Analog Devices Inc; ON Semiconductor Corp.; NXP Semiconductors N.V.; Maxim Integrated; Jameco; Texas Instruments; Future Electronics; EDGEFX.in Kits & Solutions; AspenCore Inc.; Rohm Co. Ltd.; Monolithic Power Systems Inc.; Intersil Corporation; Infineon Technologies AG; Toshiba Corporation; Cirrus Logic. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The market is estimated to secure a valuation of USD 1,450.4 million in 2023.
The global market size is expected to reach USD 2,888.8 million by 2033.
The growth potential of the market is 7.1% through 2033.
North America is an established market for audio power amplifier IC.
The United Kingdom market is expected to expand at a CAGR of 10.3%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Class A 5.2. Class B 5.3. Class C 5.4. Class AB 5.5. Class D 6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Home Audio System 6.2. Public Address System 6.3. Portable Consumer Products 7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Jameco 17.2. Texas Instruments 17.3. Future Electronics 17.4. EDGEFX.in Kits & Solutions 17.5. AspenCore Inc. 17.6. Rohm Co. Ltd. 17.7. Monolithic Power Systems, Inc. 17.8. Intersil Corporation 17.9. Infineon Technologies AG 17.10. Toshiba Corporation 17.11. Cirrus Logic 18. Assumptions & Acronyms Used 19. Research Methodology
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Audio Power Amplifier IC Market
