Europe Audio IC and Audio Amplifiers Market
The audio IC and audio amplifiers market in Europe is sub segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. In comparison with the Nordic and Eastern European countries, western European countries are more developed and technologically advanced. Increasing demand for compact, energy-efficient gadgets for personal and commercial use, and popularity of high-end home entertainment systems, televisions, and smartphones bolster the demand for audio amplifiers in this region. Companies in the European amplifier market focus on mergers and acquisitions as major strategies for enhancing their brand value across the world. These players also adopt inorganic growth strategies such as takeovers and partnerships for building business relations with other providers, thereby improving the existing market position. ICEpower a/s, INFINEON TECHNOLOGIES AG, and STMicroelectronics N.V. are among the key amplifier providers operating in Europe. In May 2020, Infineon Technologies AG introduced the first fully self-contained Raspberry Pi audio amplifier hardware, which is attached on top (HAT) board. This technology offers high-definition audio quality and superior power efficiency for Raspberry Pi users. Moreover, amplifiers are used in cars to confer improved infotainment experience. In addition, it makes telematics and acoustic vehicle warning systems smart and electric vehicles easier to integrate and more reliable. In March 2020, STMicroelectronics launched FDA901, a new class-D audio amplifier IC, primarily for high-fidelity automotive audio systems. The product is designed with multiple self-diagnostics and other advanced features for measuring real-time impedance and speaker current.
The impact of COVID-19 varied from country to country across the European region, as selected countries witnessed a surge in the number of confirmed cases and subsequently attracted stringent and more extended lockdown periods or social isolation. However, western European countries such as Germany, France, Russia, and the UK have witnessed a comparatively moderate decline in their production activities, owing to robust healthcare infrastructure. The European economy is expected to shrink by 0.1%, with a negative growth rate in the first half of 2020, followed by a mild recovery in the second half of 2020. Countries such as UK, Italy, and Germany are expected to have a bigger impact on the economy. The imbalance in the demand and supply side and the lockdown phase in several European countries will significantly negatively impact the audio IC and audio amplifier market in the first half of the year 2020. The reduced production is hampering the growth of the audio IC and audio amplifier market as there was the shutdown of production plants and labor scarcity.
Moreover, the lockdown phase has drastically affected the supply chain. European countries under lockdowns have suffered financial crises, leading to the shutdown of manufacturing units in this region. However, the market is expected to have a significant growth rate during the forecast period. Thus, the overall impact of COVID-19 on the European region is low to moderate.
Strategic insights for the Europe 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$ 2,813.65 Million |
| Market Size by 2028 | US$ 4,535.98 Million |
| Global CAGR (2021 - 2028) | 7.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Audio IC Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe 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 Europe is expected to grow from US$ 2,813.65 million in 2021 to US$ 4,535.98 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028. The 5G connectivity would integrate mobile technologies such as, Big Data, IoT, and cloud computing, and provide rise to applications like enhanced mobile broadband (eMBB) services, intelligent driving, smart power grids, smart manufacturing, and mobile medicine. The next generation 5G mobile radio networks will offer the platform for innovative applications requiring extreme short latency times and / or high data rates up to 10 Gbps. So, the 5G technology is likely to ease the efficiency of audio signal transmission over internet (i.e., AoIP); moreover, it would help reduce the sound latency and will allow 200 times higher bandwidths compared to commercial mobile radio infrastructure. The rising penetration of the 5G technology in smartphones would provide major opportunities for the audio IC and audio amplifier market players. As the demand for high quality output will increases with increasing sale of 5G smartphones. The audio data transmission will increase in 5G era creating demand for more audio equipment supporting high quality audio formats.
Europe audio IC and audio amplifiers market is segmented into audio IC type and audio amplifier and country. Based on audio IC type, the Europe 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 Europe 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 Europe audio IC and audio amplifiers market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Germany 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 Europe 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 Europe Audio IC and Audio Amplifiers Market is valued at US$ 2,813.65 Million in 2021, it is projected to reach US$ 4,535.98 Million by 2028.
As per our report Europe Audio IC and Audio Amplifiers Market, the market size is valued at US$ 2,813.65 Million in 2021, projecting it to reach US$ 4,535.98 Million by 2028. This translates to a CAGR of approximately 7.1% during the forecast period.
The Europe 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 Europe Audio IC and Audio Amplifiers Market report:
The Europe 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 Europe Audio IC and Audio Amplifiers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Audio IC and Audio Amplifiers Market value chain can benefit from the information contained in a comprehensive market report.
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