The global Audio Amplifiers Market Share is expected to register a CAGR of 5.5% during the forecast period, 2020–2026. Advancements in technology and the rapid adoption of smartphones, smart speakers, television sets, laptops, and other consumer electronics devices have boosted the demand for audio amplifiers across the globe. Furthermore, the developments in Wi-Fi and Bluetooth speakers and enhanced audio quality have also increased the integration of these circuits in consumer electronics products, which is also expected to drive the growth of the market.
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The global Audio Amplifiers Market Share is estimated to grow at a significant rate in the future. The geographical analysis of the audio amplifiers market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
North America accounted for a significant market share in 2019 and is one of the developed regions having a large number of electronic devices manufacturers that use audio amplifiers. Similarly, the presence of audio amplifier manufacturers such as Texas Instruments, Analog Devices, ON Semiconductor Corp., and others in the region is fueling the growth of the market. Additionally, the high demand for advanced technologies in the region is also driving the market growth
Europe is expected to record a high CAGR during the forecast period due to the increasing demand for audio devices and audio systems in the region. Furthermore, the rising demand for digital dashboards, head-up displays, and navigation systems, among other systems from the automobile industry in the region, is also propelling the growth of the market.
Asia-Pacific is expected to be the fastest-growing regional market during the forecast period and accounted for the largest share in 2019 due to rising urbanization, technological advancements, and increasing investments by the manufacturing companies in the development of consumer electronics, which is boosting the growth of the market. China holds the largest share in the Asia-Pacific market due to increasing investments by the private and government sectors in the development of new and advanced technologies for the consumer electronics industry.
The rest of the world market is expected to register a significant CAGR during the forecast period due to the rising demand for smart speakers and audio systems, investments made by the governments and the companies for the development of advanced technologies in the region, which is also fueling the growth of the market. The region has been further segmented into South America and the Middle East & Africa.
MRFR recognizes the key players in the global Audio Amplifiers Market Share as STMicroelectronics (Netherlands), Texas Instruments (US), NXP Semiconductors (Netherlands), Maxim Integrated Products, Inc. (US), Analog Devices (US), Cirrus Logic (US), Toshiba Corporation (Japan), Infineon Technologies (Germany), ON Semiconductor Corp. (US), Qualcomm Incorporated (US), ROHM Semiconductor (Japan), Monolithic Power Systems, Inc. (US), and Silicon Laboratories, Inc. (US) among others.
The leading players keep innovating and investing in research & development to offer a cost-effective product portfolio. There have been recent mergers & acquisitions among the key players, a strategy employed by business entities to strengthen their reach.
The global Audio Amplifiers Market Share has been segmented based on channel type, device, class, end user, and region.
By channel type, the market has been segmented as mono channel, two channel, four channel, six channel, and others.
By application, the market has been segmented into smartphones, television sets, home audio systems, desktops & laptops, tablets, automotive infotainment systems, professional audio systems, and others.
By class, the market has been segmented into A, A/B, D, and others.
By end user, the market has been segmented into consumer electronics, automotive, entertainment, military & defense, and others
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
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