Audio Codec Market by Component (Hardware and Software), Channel Type (Mono-Codec, Stereo Codec, and Multi-channel Codec), Compression Type (Non-Compression, Lossless Compression, and Lossy Compression), Application, & Geography - Global Forecast to 2022

Published: May 2016
No. of Pages: 146

“The audio codec market growth is directly linked with the growth of the mobile phone and tablet industry”

The audio codec market was valued at USD 5.49 billion in 2015 and is expected to reach USD 7.44 billion by 2022, at a CAGR of 4.3% between 2016 and 2022. This growth can be attributed to the huge demand for mobile phones and tablets. The rising middle class population and improved disposable income and availability of mobile phones and tablets at low cost are the driving factors for the growth of mobile phones and tablets.

“Headphone, headset, and wearable device is expected to be the fastest-growing application in the audio codec market during the forecast period”

The audio codec market for the headphone, headset, and wearable device application is expected to grow at the highest rate between 2016 and 2022. This is mainly because of the growing trend of the usage of wearable devices in the day to day life because of the changing consumer need with the advancement of connected life with the development of IoT concept.

“APAC is the fastest-growing region for the audio codec market during the forecast period”

APAC is expected to be the fastest-growing region of the audio codec market, between 2016 and 2022. The primary reason behind this trend is the growing Chinese, South Korean, and Indian consumer electronic market. This market has evolved into the largest producer of smartphones, laptops, TVs, and various other applications and consequently the largest consumer of audio codec hardware IC enabled with audio codec software across the globe and is expected to continue the same trend throughout the forecast period.APAC also accounts for the largest share in 2016 of the total audio codec market.

The breakup of primaries conducted during the study is depicted in below.

  • By Company Type: Tier1 Companies - 35%, Tier 2 Companies – 40% and Tier 3 Companies – 25%
  • By Designation: C-level - 45%, Directors- 35%, and Managers- 20%
  • By Region: North America- 30%, Europe- 40%, Asia-Pacific- 20%, and RoW- 10%

Some of the major players in the audio codec market are Cirrus Logic, Inc. (U.S.), Texas Instruments Inc. (U.S.), ST Microelectronics N.V (Switzerland), Qualcomm Inc.(U.S.), Analog Devices, Inc. (U.S.) and Maxim Integrated Products Inc. (U.S.), Realtek Semiconductor Corp. (Taiwan), Dolby Laboratories, Inc. (U.S.), Fraunhofer IIS (Germany) and Technicolor SA (France) among others.

Reasons to buy the report:

  • This report includes the market statistics pertaining to component, application, and geography along with their respective market size.
  • The average audio codec content per application, region, and country is available in the report.
  • The Porter’s Five Forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the audio codec market.

  • Major drivers, restraints, and opportunities for audio codec market have been detailed in this report.
  • Illustrative segmentation, analysis, and forecast for the markets on the basis component, application, and geography have been conducted to give an overall view of the audio codec market.
  • A detailed competitive landscape includes key players, in-depth analysis, and market share of the key players.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets3443

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:


  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: