Global Audio Codec market cagr 12.8%

Audio Codec Market

Market

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Audio Codec Market Scope: Industry Analysis,

Size, Growth, Trends Till 2031

Audio Codec Market Size and Growth

The global audio codec market is projected to reach a size of $7.24 billion by 2025, growing at a CAGR of 6.2% from 2021 to 2025. Factors such as the increasing demand for high-quality audio in smartphones, tablets, and automotive applications are driving the market growth. Innovation and technological advancements in audio codecs are expected to further boost market development.

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Companies Covered

(Covid 19 Impact Covered)

◍ Cirrus Logic

◍ Texas Instruments Inc

◍ STMicroelectronics

◍ Qualcomm Inc

◍ Analog Devices

◍ Maxim Integrated Products

◍ Realtek Semiconductor Corp

◍ Dolby Laboratories

◍ Fraunhofer IIS

◍ Technicolor SA

The Audio Codec Market is highly competitive with key players such as Cirrus Logic, Texas Instruments Inc, STMicroelectronics, Qualcomm Inc, Analog Devices, Maxim Integrated Products, Realtek Semiconductor Corp, Dolby Laboratories, Fraunhofer IIS, and Technicolor SA. They utilize audio codecs in various devices to provide high-quality sound and improve user experience.

- Cirrus Logic: $1.44 billion in sales revenue

- Texas Instruments Inc: $14.39 billion in sales revenue

- STMicroelectronics: $8.22 billion in sales revenue

- Qualcomm Inc: $22.73 billion in sales revenue