Global Smartphone Audio Codecs Market 2018-2022

Global Smartphone Audio Codecs Market 2018-2022

  • December 2018 •
  • 103 pages •
  • Report ID: 5658062 •
  • Format: PDF
About this market

The growing popularity of social networking applications to drive market growth during the forecast period. The adoption of the audio codec in smartphones for audio conversion is growing rapidly due to the proliferation of social media applications, which encourage the users to click and share video and audio. Technavio’s analysts have predicted that the smartphone audio codecs market will register a CAGR of more than 3% by 2022.

Market Overview
Increase in mobile data traffic
The mobile traffic is increasing due to the increase in several smartphone users subscribing to audio on demand and video on demand applications. With the increased adoption of smartphones, the demand for audio codes from the consumer electronics sector is increasing.
Complex structure of audio codecs
Audio codecs system designers face many challenges which includes complex mixing and routing of various mono and stereo audio signals.
For the detailed list of factors that will drive and challenge the growth of the smartphone audio codecs market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be concentrated and with the presence of few companies including Analog Devices and Broadcom the competitive environment is quite intense. Factors such as the growing popularity of social networking applications and the increase in mobile data traffic, will provide considerable growth opportunities to smartphone audio codecs manufactures. Analog Devices, Broadcom, Maxim Integrated, STMicroelectronics, and Texas Instruments are some of the major companies covered in this report.