
Audio Amplifier Market Outlook , Size, Forecasts, Demand, Competitive Analysis, Growth Factors, Key Players
Shibuya-ku, Tokyo, Japan, Japan, Feb 02, 2022, 09:02 /Comserve / -- Audio Amplifier market size, share, growth, trends, segmentation, top key players, strategies, demand, statistics, competitive landscape and forecast.
The Audio Amplifier Market is expected to register a CAGR of 5.9% during the forecast period of 2020-2025.The growth of the audio amplifier market is driven by substantial growth in demand for smart consumer Electronics and high demand for vehicle infotainment systems in automotive sector.Increase in adoption of advanced & power efficient electronic products fuel the growth of the audio amplifier market across the globe.
- The growing use of smartphones to stream music to smart speakers is also fueling the demand for audio amplifiers and with the continuous progress in technology of these electronic devices such as smart phones, tablets, PCs, and speakers, the performance of audio amplifier market is getting revolutionized with these advancements nd creating high demand among the consumers which gives optimum opportunities for the growth of the audio amplifier market.
- Growth in penetration of IoT and escalating popularity of in-vehicle Infotainment systems and rapid advancements in new age technologies such as autonomous driving, augmented reality, and big data, is expected to drive the growth of the audio amplifier market during the forecast period.
- The rising tendency of increased expenditures on global festivals and music concerts is expected to propel the requirement for professional audio equipment that use audio amplifiers.The launch of new models of audio equipment and a significant rise in the popularity of digital equipment are factors driving the demand for professional audio equipment.
- The impact of COVID-19 on the audio amplifier market is gloomy as consumer electronics industry is badly affected and is likely to continue to have serious ramifications for the future availability of consumer electronics. With the looming supply chain problem, the market growth is expected to slow down.
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Key Market Trends
Rising Adoption of Class-D amplifier Drives the market
- The large adoption of class D audio amplifiers in home audio systems can be attributed to the continuous technological innovations in these systems and increasing consumer demand for high-performance home theaters, which is associated with their rising disposable income.The growing need for portable speakers which incorporate Class D audio amplifiers is expected to drive the demand for the market during the forecast period.
- In addition, developments in Wi-Fi and Bluetooth speakers, and dedicated speaker docks are expected to increase consumer spending on audio equipment for enhanced audio quality which boost the adoption of Class-D amplifier.
- The growing demand for portable devices such as smart speakers, soundbars, and headphones used in home audio systems has led to increased use of Class D architecture amplifiers as they dissipate less heat and offer extended battery life. Moreover, these devices also provide extended functionalities for live streaming of music and news, setting alarms, and ordering household supplies.
- Increase in Internet of Vehicles (IoV) penetration and introduction of energy cars & autonomous vehicles give rise to numerous amplifiers systems such as head-up displays, navigation systems, digital dashboard, and others, which are expected to create lucrative growth opportunities for the class D audio amplifier in the automotive segment.
Asia-Pacific to Account For Highest Market Growth
- The Asia-Pacific is projected to account for highest market growth in audio amplifier market. The highest growth in the market is attributed to the growing disposable income of consumers in the region, increasing adoption of consumer electronics devices, booming infrastructure, and rising technological advancement in the region are some of the driving factors behind the growth of the audio amplifier market.
- Increased investments in consumer electronics and automotive industries in the Asia Pacific are fueling the growth of the market in this region. Moreover, Asia Pacific is also home to some of the major consumer electronics companies, including Samsung, Panasonic, Toshiba, and LG Electronics.
- Availability of low cost of labor and development in infrastructure in developing countries like China and India have boosted the manufacturing capacity of consumer electronics devices in the Asia Pacific region.
- The growth of the audio amplifier market in APAC is also attributed to the consumption of these amplifiers by automotive players in this region to advance their automotive infotainment systems as audio amplifiers (class D) help reduce noise and distortion, enables refined signal processing and improves overall performance of the infotainment sound system and attains the need for an elevated audio experience.
Competitive Landscape
The Audio Amplifier Market is highly fragmented as changing consumer demands are driving companies to innovate, focus on R&D and advancement of electronic devices to attract more consumers. The players are adopting strategies like collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the audio amplifier market and develop new products for enhancing product portfolio.Some of the key developments in the market are:
- May 2019 - Infineon Technologies AG launched class D audio brand MERUS™ with integrated multilevel amplifier ICs.The company has united the existing portfolio of multi-chip modules and discrete audio products under one umbrella .
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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Energy-Efficient Technologies in Portable Audio Devices
4.2.2 Rising R&D Investment by Manufacturers
4.3 Market Restraints
4.3.1 Less Profit Margins for Manufacturers
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of Impact of Covid-19 on the Audio Amplifier Market
5 MARKET SEGMENTATION
5.1 By Class
5.1.1 A
5.1.2 A/B
5.1.3 D
5.1.4 Others
5.2 By Device
5.2.1 Smartphones
5.2.2 Television Sets
5.2.3 Desktops & Laptops
5.2.4 Home Audio Systems
5.2.5 Professional Audio Systems
5.2.6 Automotive Infotainment Systems
5.3 By End-User
5.3.1 Consumer Electronics
5.3.2 Automotive
5.3.3 Entertainment
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Toshiba Corporation
6.1.2 ABB Ltd.
6.1.3 Broadcom Inc.
6.1.4 Texas Instruments
6.1.5 STMicroelectronics
6.1.6 Fuji Electric. Co. Ltd.
6.1.7 Maxim Integrated
6.1.8 Mitsubishi Electric Corporation
6.1.9 Infineon Technologies AG
6.1.10 IXYS Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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