Middle East and Africa Class D Audio Amplifier Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Product, and Industry

The MEA class D audio amplifier market is expected to grow from US$ 200.31 million in 2021 to US$ 343.38 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.

Rising demand for electric vehicles is expected to boost market growth.The MEA automotive sector has experienced the emergence of several new carmakers over the years.

The automotive giants are continuously eyeballing electric vehicle manufacturing as an attractive segment for expanding their clientele.Major players catalyzing the MEA electric vehicle market growth include Tesla, BMW, Nissan, Ford, and Volkswagen.

As per the International Energy Agency, the sales of electric cars reached 2.1 million in 2019, with a 40% year-on-year increase. With the rising electric vehicle production, the demand for in-vehicle infotainment systems is also on the rise. In addition to the UAE, which is known for the heavy adoption of electric vehicles, other countries such as Saudi Arabia and South Africa are also generating high demands for these vehicles. As the infotainment systems include audio amplifier components, the ongoing demand for electric vehicles is expected to propel the growth of the MEA class D audio amplifier market during the forecast period.

In the case of COVID-19, South Africa reported the highest number of cases in the MEA region.Oil & gas production and export is one of the major contributors to the economic growth of Middle Eastern countries.

The impact of the COVID-19 pandemic on most regions in the world has led to a drop in oil demand.As a result, numerous oil production stations in the region have been shut down or have had to reduce production.

On the other hand, these countries are thriving to diversify their economies.The COVID-19 pandemic has disturbed the economic progress in many of these countries.

Energy, aviation, food & beverages, chemicals, retail and e-commerce, and travel and tourism are among the major industries in the Middle East that have experienced severe effects of the pandemic. Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are among the countries that have witnessed serious ill effects of the outbreak. The region is projected to register a slight decline in the raw material supply from various manufacturers across North America, Europe, and Asia Pacific, as these regions have discontinued their production and trade activities. According to the Institute of Chartered Accountants in England and Wales (ICAEW), the economy of the Middle East is anticipated to witness a sharp slowdown in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback of the COVID-19 outbreak. The economy is projected to pace up in 2021, after demand- and supply-sides resume their operations.

Based on type, the 2-channel segment is expected to be the fastest-growing segment during the forecast period for the MEA region. Audio systems incorporated with 2-channel audio amplifiers ensure high-quality audio output, along with high-power stereo amplification. 2-channel amplifiers are ideal for adding extra power wherever needed or for adding additional speakers, based on requirements in larger rooms or outdoor zones. Also, multiple 2-channel audio amplifiers can be combined or bridged together to provide greater output to one dedicated channel, and this practice is commonly followed to power the audio quality of subwoofers. The 2-channel amplifier type is majorly used in car and home infotainment systems. Owing to the above advantages, the demand for 2-channel amplifiers is expected to increase, thereby driving the MEA class D audio amplifier market during the forecast period.

The overall MEA class D audio amplifier market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the MEA class D audio amplifier market.

The process also serves the purpose of obtaining an overview and forecast for the MEA class D audio amplifier market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA class D audio amplifier market. Analog Devices, Inc; INFINEON TECHNOLOGIES AG; Maxim Integrated; NXP Semiconductors N.V.; ON Semiconductor Corporation; Qualcomm Technologies, Inc.; Silicon Laboratories, Inc.; STMicroelectronics N.V.; and Texas Instruments Incorporated are among the key players operating in the MEA class D audio amplifier market.