Audio Amplifier Market
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The audio amplifier market is projected to grow at a CAGR 4.87% rate during the forecast period. Major factors driving the growth of the market include rising demand for energy-efficient technologies in portable audio devices, increasing popularity of consumer electronic devices across the globe, growing traction of in-vehicle infotainment systems, and increasing demand for high-quality audio output.
The home audio systems segment is estimated to account for the largest share of the market in 2019. The growing use of smartphones to stream music to smart speakers is also driving the demand for audio amplifiers. 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.
The market for entertainment is projected to grow at the highest CAGR 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.
Asia Pacific is estimated to account for the largest share of the market in 2019. 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. This leads to an increased demand for audio amplifiers in the region.
Key market players operating in the market are STMicroelectronics (Netherlands), Texas Instruments (US), NXP Semiconductors (Netherlands), Maxim Integrated Product Inc. (US), Analog Devices (US), Cirrus Logic (US), Toshiba Electronic Devices & Storage Corporation (Japan), Infineon Technologies (Germany), ON Semiconductor Corp. (US), Qualcomm Incorporated (US), ROHM Semiconductor (Japan), Monolithic Power Systems Inc. (US), Silicon Laboratories Inc. (US), ICEPower A/S (Denmark), Nuvoton (Taiwan), Tempo Semiconductor (US), Renesas Electronics (Japan), Dialog Semiconductors (UK), Integrated Silicon Solutions Inc. (US), and Dioo Microcircuits (China).
Key Questions Addressed by the Report
- Where will all these developments take the industry in the mid- and long-term?
- What will be the upcoming end-user industries for audio amplifiers?
- What are the drivers, restraints, opportunities, and challenges impacting the growth of the market across the globe?
- Which devices are expected to be used widely in audio amplifiers in mid- and long-term?
- Which region is expected to witness significant demand for audio amplifiers in the coming years?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Audio Amplifiers Market, By End-User Industry
6. Audio Amplifiers Market, By Device
Desktops and laptops
Automotive infotainment systems
Home audio systems
Professional audio systems
7. Audio Amplifiers Market, By Channel Type
8. Audio Amplifiers Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
Maxim Integrated Product Inc.
Cirrus Logic Inc.
on Semiconductor Corp.
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