The global audio codec market is expected to exceed 9 billion USD by 2031: A sign of increasing demand for high-quality audio.
The global audio codec market has experienced remarkable growth in recent years, reaching approximately \$6.4 billion in sales in 2022. According to the latest market analysis, this upward trend is expected to continue, with an estimated \$9.05 billion by 2031. This steady expansion is anticipated to sustain an average annual growth rate (CAGR) of 3.93% during the forecast period from 2023 to 2031. Audio codecs (Coder-Decoder) are extremely important components in the world of digital audio, enabling efficient compression and decompression of audio data while maintaining high-quality sound reproduction. These components are gaining significance across various industries, including telecommunications, consumer electronics, automotive, and healthcare. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global audio CODEC market is classified based on functionality, components, Indian users, and regions. By Functionality With DSP Without DSP By Components Hardware Software By Indian Users Computers Phones Tablets Over-ear headphones TWS Home entertainment Commercial Automotive Portable Smart home IoT Wearables AR/VR Key Companies: Analog Devices Inc Barix Cirrus Logic Inc DSP Group Inc Qualcomm Inc Realtek Semiconductor Corp Rohm Co. Ltd STMicroelectronics Texas Instruments Inc
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