Smartphone Audio Codecs

Smartphone Audio Codecs

Global Smartphone Audio Codecs Market to Reach $8.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Smartphone Audio Codecs estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$8.3 Billion by 2027, growing at a CAGR of 4.1% over the period 2020-2027.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 3.9% CAGR

The Smartphone Audio Codecs market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 3.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.We bring years of research experience to this 6th edition of our report. The 95-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• 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.

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