Estimated at $8 Billion by 2026, Smartphone Audio Codecs Planned for Robust Growth Globally

San Francisco† July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Smartphone Audio Codecs – Global Market Trajectory & Analytics”† The report presents new perspectives on opportunities and challenges in a significantly transformed post-COVID-19 market.

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Edition: 6; Issued: January 2022
Executive pool: 786
Businesses: 47 – Covered players include ams AG; Analog Devices, Inc.; Broadcom Ltd.; Cirrus Logic, Inc.; CML Microcircuits Ltd.; Integrated Device Technology, Inc.; Maxim Integrated Products, Inc.; STMicroelectronics NV; Texas Instruments, Inc. and others.
Coverage: All major geographies and key segments
Segments: Segment (audio codecs for smartphones)
Geographies: World; United States† Canada† Japan† China† Europe †France† Germany† Italy† United Kingdom† and the rest of Europe† Asia-Pacific† Rest of the world.

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ABSTRACT-

Global Smartphone Audio Codec Market Reached $8 billion by 2026
Amid the COVID-19 crisis, the global smartphone audio codec market is estimated to be US$6.3 billionis expected to reach a revised size of US$8 Billion by 2026, growing at a CAGR of 4.1% over the analysis period.

The US market is estimated at: $1.9 billion in 2021, while China is expected to reach $1.4 billion by 2026
The market for smartphone audio codecs in the US is estimated to be: US$1.9 billion in 2021. Chinathe world’s second largest economy, is expected to have a projected market size of US$1.4 billion by the year 2026 at a CAGR of 3.9% over the analysis period. Among the other notable geographic markets are: Japan and Canada, each of which will grow by 3.8% and 3.4%, respectively, over the analysis period. Inside Europe† Germany is expected to grow at approximately 3.9% CAGR.
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