Increasing penetration of consumer electronics and introduction of energy efficient technologies is driving the global audio amplifier market.
With a projected valuation of $ 4.1 billion in 2022 and a compound annual growth rate (CAGR) of 5.2% from 2023 to 2032, the global audio amplifier market is expected to reach $ 7 billion by that time.
Covid-19 Impact & Market Status
The worldwide spread of covid-19 has erupted the progress of almost all global economies as well as supply chains. This led to a hindered performance of industries like energy, aviation, chemicals, retail, and e-commerce. It is owing to the diminish in production and trading activities, the supply of raw materials from various manufacturers across Europe, Asia-pacific, and North America have been declined. Thus, it hampered the growth of the audio amplifiers market. Apart from this, the key players of the audio amplifier market are struggling to meet consumer demand due to a stall in business operations in the past couple of months and other challenges such as a drop in production of various components and restrictions on the supply chain. However, the market has begun to bounce back with the demand and supply-sides resuming their activities.
This report offers a comprehensive overview of the key elements of the market such as drivers, restraints, opportunities. Furthermore, current market size, growth rate estimates through the forecast span 2021-2028, individual sectors and sub-sectors, countries, and regions contributing majorly to the growth of global access control market are studied in the report. The report gives some recommendations and solutions that help market players take informed decisions in the global access control market.
Incessant Demand for Electronic Devices with Enhanced Technology
The vital factors leading the global market for audio amplifiers are enhancing the lifestyle of folks and increasing per capita income across the world. Moreover, the audio amplifier market has witnessed a major uplift due to the rapid utilization of smartphones to connect to smart speakers and advancements in features of Smartphones, PCs, TVs, and Speakers. The emergence of the internet of things (IoT), increase in R&D and rise in demand for in-vehicle infotainment systems have led to the creation of abundant opportunities for the global audio amplifier market during the forecast period.
Electronic Control System Devices Segment Poised for Rapid Growth
The global audio amplifier market is classified into long distance telephones, radio, TV, electronic control systems, measuring instruments, radar, and other on the basis of device type. Among these, the electronic control system segment has experienced substantial progress in global audio amplifier market and is anticipated to grow at a rapid CAGR through the forecast span 2021-2028.
China Poised for Rapid Growth
China is a widespread platform for automotive, consumer electronics industries, and entertainment. Therefore, the Chinese market for audio amplifiers will certainly grow at a remarkable rate during the forecast period. It is owing to the rising population and prospering economy, China is one of the biggest consumers for smartphones, efficient& professional audio systems, digital speakers, smart TVs, and other electronic gazettes. In response, China possesses great potential for the automotive industry. These elements are improving the audio amplifier market in China.
The need to accelerate output power and performance to support advanced design needs is improving the reliance on audio amplifiers further the global audio amplifier market.
Owing to benefits such as impressive audio performance, better loud motor, better quality after-market speakers, improved listening experience, low delay in audio transmission, high efficiency, low heat generation increasing machine performance, protection of machine in over-voltage and under-voltage, audio amplifiers are experiencing rapid adoption thus fostering remarkable progress in global audio amplifier market.
The core factors which are leading the market consists of surging demand for energy-efficient technologies in portable audio devices & high-quality output, prominence of consumer electronic gazettes across the world, growing traction of in-vehicle infotainment systems, etc. interface integration of audio amplifiers with various audio devices as well as diminished price margins of audio amplifiers for manufacturers are another some of the restraining factors affecting the market growth.
The advantages such as better sound quality, high open-loop gain, high common-mode rejection ratio, high input impedance encourage further adoption of audio amplifiers.
The key factors such as increasing smart phone usage, growing adoption of electronic device for music streaming and other entertainment purposes, introduction of smart devices like Alexa, growing demand of portable devices like headphones, speakers, etc has led to impressive growth of global audio amplifier market. Furthermore, class D architecture amplifiers providing wider functionalities for live streaming of various entertainment channels, setting alarms, and other household portable devices is leading to global audio amplifier market.
Smartphones, desktops& laptops, television sets, home audio systems, automotive infotainment systems, and professional audio systems are the various types that make use of audio amplifier chipsets.
The climbing propensity of hiked expenditures on various festivities and music concerts is likely to pose unlimited opportunities for the market as the necessity for professional audio equipment which is audio amplifiers enabled. The invention of newer models of audio equipment and momentous surge in the prominence of digitalized equipment are major factors accelerating demand for efficient audio amplifiers. Motion production of films, sports events, and several trade shows are fuelling the demand for professional audio equipment. Subsequently, it is positively contributing to the demand for enhanced audio amplifiers for the effective distribution of sound in wider venues.
However, complicated design structure, low sound quality, significant costs of LC filters integration with audio amplifiers, are hampering the global audio amplifier market. Furthermore, increased number of integration of audio systems in vehicles, accelerated penetration of Internet of Things, brands designing sound into UX and UI, introduction of 360 immersive audio for brand marketing, AI for personalised brand sound are key anticipated to be growth opportunity to the global audio amplifier market.
The major players in global audio amplifier market are Dioo Microcircuits, Integrated Silicon Solutions, STMicroelectronics, Dialog Semiconductors, Renesas Electronics, Tempo Semiconductor, Nuvoton, ICE Power A/S, Silicon Laboratories, Monolithic Power Systems, ROHM Semiconductor, Qualcomm, ON Semiconductor, Infineon Technologies, Toshiba Electronics, Cirrus Logic, Analog Devices, Maxim Integrated Product, NXP Semiconductors, and Texas Instruments among others.
Latest Innovations & developments in the Global Audio Amplifier Market: A Snapshot
- On January 13, 2020, JL Audio, an innovator in high-performance automotive audio solutions introduced the JD Series car amplifier line.
- In December 2021, a four-channel high-efficiency linear power amplifier called TCB702FNG was created by Toshiba, which is meant for in-vehicle audio applications offering maximum output power of 45W into a 4U load.
Audio Amplifier Market Scope
|Revenue forecast in 2032
|USD 7 billion
|CAGR of 5.2 % during 2022-2032
|channel type, device, systems, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Infineon Technologies AG, Maxim Integrated, Cirrus Logic, Inc., TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Semiconductor Components Industries, LLC, Qualcomm Technologies, Inc., ROHM CO., LTD., Monolithic Power Systems, Inc., Biamp Systems, STMicroelectronics, LEA Professional, Texas Instruments Incorporated, NXP Semiconductors, Analog Devices, Inc., Silicon Laboratories, ICEpower, Nuvoton Technology Corporation, Renesas Electronics Corporation, Dialog Semiconductor, Integrated Silicon Solution Inc.
Key Segments of the Global Audio Amplifier Market
Channel Type Overview
- Long distance telephones
- Electronic control systems
- Measuring instruments
End User Type Overview
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa