Global Audio Codecs Strategic Business Report 2023: Microchip Technology Unveils Bluetooth 5.0 Audio SoC for Enabling High Resolution Wireless Audio


Dublin, May 25, 2023 (GLOBE NEWSWIRE) -- The "Audio Codecs - Global Strategic Business Report" report has been added to's offering.

The global market for Audio Codecs estimated at US$6 Billion in the year 2022, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.

Hardware, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$6.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 5.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 8.2% CAGR

The Audio Codecs market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Select Competitors (Total 32 Featured) -

  • Analog Devices, Inc.
  • Cirrus Logic, Inc.
  • Dolby Laboratories, Inc.
  • DSP Group, Inc.
  • Fraunhofer IIS Development Center for X-ray Technology
  • Maxim Integrated Products, Inc.
  • Qualcomm, Inc.
  • Realtek Semiconductor Corp.
  • STMicroelectronics
  • Technicolor SA
  • Texas Instruments, Inc.
  • Xiph.Org Foundation

Key Attributes:

Report AttributeDetails
No. of Pages189
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$6 Billion
Forecasted Market Value (USD) by 2030$8.8 Billion
Compound Annual Growth Rate4.9%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Audio Codec Market: A Prelude
  • Software Dominates Global Audio Codecs Market
  • Global Audio Codec Market: Percentage Breakdown of Revenues by Type for 2019
  • Global Stereo Audio Codecs Market: Percentage Breakdown of Revenues by Applications for 2019
  • Global PCM Audio Codecs Market: Percentage Breakdown of Revenues by Applications for 2019
  • Audio Codecs - Global Key Competitors Percentage Market Share in 2022 (E)
  • Global Multi-channel Audio Codecs Market: Percentage Breakdown of Sales by Leading Players for 2019
  • Global Low Power Audio Codecs Market: Percentage Breakdown of Sales by Leading Players for 2019
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • Rising Adoption of Smartphones and Tablets: A Growth Opportunity for Audio Codecs Market
  • Global Smartphone Shipments in Million Units for the Years 2016 through 2024
  • Global Shipments of Tablets in Million Units for 2014 through Q1 2019
  • Smartphone Audio Codecs Market: Rising Adoption of Smartphones Drives Growth
  • Global Smartphone Audio Codecs Market: Percentage Breakdown of Revenues by Hardware and Software for 2019
  • With Smartphones Use Rising, Need for High-Quality Voice Calls Drives Need for a Superior Audio Codec
  • Growing Internet Penetration Rates, Massive Increase in Data Traffic, and Rise in Mobile Subscriptions: Opportunity for Audio Codec Market
  • Global Internet User Penetration Rate (in %) for the Years 2016 through 2022
  • Number of Internet Users Worldwide and Penetration Rate (in %) by Region as of March 2019
  • Global IP Data Traffic: Breakdown of Data Traffic (in PB per Month) by Type for 2017, 2019, 2021 and 2023
  • Mobile Subscriptions Worldwide in Billions for the Years 2018, 2020, 2022 and 2024
  • Growing Sales of Bluetooth-driven Devices and Bluetooth's Popularity as a Technology for Wireless Audio Streaming Fuels Demand for Advanced Audio Codecs
  • Global Bluetooth Speakers Market: Annual Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Global Bluetooth Headset Sales in Million for 2017, 2019, 2021 and 2023
  • With Wireless Set to be the Future of Headphones, Efforts Focus on Developing Wireless Audio Codec Standard to Improve Fidelity
  • Enhancing Performance with Modified SBC codec (mSBC)
  • Fraunhofer Institute Discontinues MP3 Format
  • With MP3 Discontinued, Audio Codec Supporting Fully Lossless, Multi-use, High resolution, Open and Secure Parameters to Emerge as the Standard
  • Fraunhofer's Object-Based Audio Codec Emerges as the Future of Immersive Sound
  • Fraunhofer's Enhanced Voice Services (EVS) Standard: Promise of Unprecedented Voice Call Quality
  • FLAC: A High-Definition MP3 Format
  • xHE-AAC: A Codec Designed for Adaptive Streaming and Digital Radio
  • Innovations & Advancements
  • Microchip Technology Unveils Bluetooth 5.0 Audio SoC for Enabling High Resolution Wireless Audio
  • Qualcomm Unveils Qualcomm Aqstic Audio Codecs for Smartphones
  • Dialog's DA740x Highly-Integrated Audio Codec Chips: Providing a Mix of Noise Cancellation and Low Power Consumption Advantages
  • Audio Codec
  • Audio Codec Formats




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Global Market for Audio Codecs

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