Asia Pacific Audio IC and Audio Amplifiers Market
The presence of developing economies and high adoption of advanced as well as sophisticated technologies are among the factors contributing to the overall growth of APAC. Japan, China, India, Australia, and South Korea are major contributors to the growth of the audio IC and audio amplifier market in this region. Manufacturers in industries such as electronics, aerospace and defense, automotive, and consumer electronics are trying to implement various technologically advanced audio amplifier solutions in their infotainment products. Digitalization of economies, rapid technological developments, and adequate support from government authorities for setting manufacturing industries are the key factors responsible for the smooth evolution of these economies from the developing stage to the developed stage. For gaining more foreign investments in the manufacturing sector, the government of India has launched “Make in India” program. As a part of this program, international companies are encouraged to bring their manufacturing operations to India by offering respective incentives and ease in doing business. Additionally, the proliferation of healthcare infrastructure and advancements in technologies are boosting the audio IC and audio amplifiers market growth in APAC countries. APAC is projected to register the highest CAGR in the global audio IC and audio amplifier market during the forecast period.
The APAC region is heavily affected by the COVID-19 outbreak. China has recorded a massive number of cases. The country is the most crucial manufacturer and industrial producer since it trades more manufacturing goods than any other country worldwide; it is also a world leader in several types of goods. According to the Organization for Economic Co-operation and Development (OECD), the other major economies, such as South Korea, India, Australia, and Japan, have also been impacted by the pandemic and are experiencing downward growth. Since the COVID-19 outbreak, several countries have suffered heavily. China, Japan, South Korea, India, Hong Kong, and Taiwan are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain. Additionally, the labor shortage has affected the manufacturing industry in these countries. Also, the pandemic has taken a toll on the consumer electronics industry in APAC as all hypermarkets, supermarkets, and showrooms of major brands have been shuttered around the world, impacting consumer electronics sales. On the contrary, due to the work-from-home scenario, sales of headphones and Bluetooth earphones have increased, as these devices are necessary to attend webinars and online meetings more effectively, which will help regain market growth in this region. Hence, the overall impact of COVID-19 on the APAC region is low to moderate.
Strategic insights for the Asia Pacific Audio IC and Audio Amplifiers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 5,557.07 Million |
| Market Size by 2028 | US$ 9,893.63 Million |
| Global CAGR (2021 - 2028) | 8.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Audio IC Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Audio IC and Audio Amplifiers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The audio IC and audio amplifiers market in APAC is expected to grow from US$ 5,557.07 million in 2021 to US$ 9,893.63 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028. The emergence of voice control and voice user interfaces (VUI) has made audio processing critical for the success of a wide range of building automation and household applications. IoT-based amplifiers are the next step in pro audio systems that are capable of remote controlling and monitoring, saving/loading speaker tunings and system presets, and so on. The demand for integrated power audio amplifier for application-based processors and subsystems has increased significantly due to the prominent trend of miniaturization. Due to continuous developments in connected devices and IoT technology, there is a rise in the integration of audio ICs in various industrial applications. Thus, the growing penetration of IoT and rising popularity of electric vehicle provide significant opportunities for the future growth of the audio amplifier market players. As automotive giants are continuously eyeballing the electric vehicle manufacturing, as an attractive segment for expanding their clientele, the sales of electric cars reached 2.1 million in 2019 worldwide, with a 40% year-on-year increase. With the rising electric vehicle production, the demand for in-vehicle infotainment systems is also on rise. In addition to China, which is known for large adoption of electric vehicles, other Asian countries are also generating high demands for these vehicles. As the infotainment systems includes audio amplifier components, the ongoing demand for electric vehicles is expected to propel the growth of audio IC and audio amplifier market during the forecast period.
APAC audio IC and audio amplifiers market is segmented into audio IC type and audio amplifier and country. Based on audio IC type, the APAC audio IC and audio amplifiers market is segmented into (A/D converter IC, processor IC, amplifier IC, D/A converter IC, and others. The market is led by amplifier IC segment with highest share in 2020. Based on audio amplifier class, the APAC audio IC and audio amplifiers market is segmented into Class A/B, Class D, Class G, and Class H. The Class D segment led the market in 2020 with highest share. Based on country, the APAC audio IC and audio amplifiers market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the audio IC and audio amplifiers market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cirrus Logic, Inc.; IC Audio GmbH; ICEpower A/S; Infineon Technologies AG; Maxim Integrated; NXP Semiconductors N.V.; Renesas Electronics Corporation; Semiconductor Components Industries, LLC; STMicroelectronics; Texas Instruments Incorporated; and Toshiba Corporation.
The Asia Pacific Audio IC and Audio Amplifiers Market is valued at US$ 5,557.07 Million in 2021, it is projected to reach US$ 9,893.63 Million by 2028.
As per our report Asia Pacific Audio IC and Audio Amplifiers Market, the market size is valued at US$ 5,557.07 Million in 2021, projecting it to reach US$ 9,893.63 Million by 2028. This translates to a CAGR of approximately 8.6% during the forecast period.
The Asia Pacific Audio IC and Audio Amplifiers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Audio IC and Audio Amplifiers Market report:
The Asia Pacific Audio IC and Audio Amplifiers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Audio IC and Audio Amplifiers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Audio IC and Audio Amplifiers Market value chain can benefit from the information contained in a comprehensive market report.
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