The audio power amplifier IC market is forecasted to experience a growth of 7.1% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 1,450.4 million in 2023. Audio Power Amplifier IC Market to Reach USD 2,888.8 million by 2033
The growth of the audio power amplifier IC industry is predicted to be propelled by the surging deployment of consumer electronic devices and the creation of new energy-efficient audio devices with enhanced user experience. Moreover, the spreading of wireless and intelligent infrastructure and the surge in demand for HiFi audio at business and commercial events are expected to augment market growth.
The immense growth in the music and film industry has catalyzed the development of a technologically progressive audio system. To better cater to this industry, manufacturers are enhancing the reliability of wireless technology, connectivity, and cabling. Furthermore, consumers are inclined toward purchasing light, small, and durable components to lessen the shipping cost, storage, and installation overheads related to large audio systems.
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A good case in point is the development of futuristic audio technology by Noveto Systems, which is an Israel-based tech company. The novel audio technology facilitates wireless music listening sans headphones. The technology employs a speaker’s 3D sensor module to track and analyze the ear’s position to emanate audio via ultrasonic waves. The said developments are projected to stretch the market for more growth.
The vendors may find hurdles in the form of audio device integration and connection and the technical flaws in the product at present. However, constant research and upgradation in the product are expected to open up new avenues for growth in the future.
Key Takeaways from the Audio Power Amplifier IC Market:
- In 2023, North America’s audio power amplifier IC industry is expected to top the regional hierarchy by attaining more than 30.3%.
- Europe’s audio power amplifier IC industry is expected to follow in the footsteps of North America. In 2022, the regional market shared 23.2% of revenue with the global market.
- The United States accounted for 17.9% of the global audio power amplifier IC industry.
- Germany’s audio power amplifier IC industry is expected to attain a value share of 9.4% over the forecast period.
- Japan’s audio power amplifier IC industry is expected to contribute a 5.6% market share over the forecast period.
- Australia’s audio power amplifier IC industry bagged a 3.2% market share in 2022.
- China’s audio power amplifier IC industry is expected to adopt a pace of 9.2% over the anticipated period.
- India’s audio power amplifier IC industry is projected to multiply at a rate of 12.6% in the upcoming period.
- The United Kingdom market is projected to expand at a CAGR of 10.3% in the next ten years.
- Under the category of type, the Class AB segment gained 28.3% in 2022.
- Based on application, the portable consumer products segment attained 45.1% in 2022.
A few other Market Players in the Audio Power Amplifier IC Market
- 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
Key Developments Shaping the Market Growth
- Analog Devices, Inc. declared in 2022 that it is going to collaborate with Synopsys to offer model libraries for micro-module regulators and DC/DC ICs.
- Analog Devices, Inc revealed in 2022 that it is introducing an offering of new-generation 16-to-24 bit, supreme-quality successive approximation register (SAR) analog-to-digital converters (ADC). They streamline the oft-complex process of creating ADCs for instrumentation, healthcare, and industrial applications.
- NXP Semiconductors revealed the launch of IW612 in 2022. The product is the industry’s first secure tri-radio device to facilitate the use of Bluetooth 5.2, Wi-Fi 6, and 802.15.4 protocols.
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Key Segments Profiled in the Audio Power Amplifier IC Market Survey
By Type:
- Class A
- Class B
- Class C
- Class AB
- Class D
By Application:
- Home Audio System
- Public Address System
- Portable Consumer Products
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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