San Francisco, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smartphone Audio Codecs - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year
Edition: 6; Released: January 2022
Executive Pool: 786
Companies: 47 - Players covered include ams AG; Analog Devices, Inc.; Broadcom Ltd.; Cirrus Logic, Inc.; CML Microcircuits Ltd.; Integrated Device Technology, Inc.; Maxim Integrated Products, Inc.; STMicroelectronics NV; Texas Instruments, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Smartphone Audio Codecs)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Smartphone Audio Codecs Market to Reach $8 Billion by 2026
Amid the COVID-19 crisis, the global market for Smartphone Audio Codecs estimated at US$6.3 Billion, is projected to reach a revised size of US$8 Billion by 2026, growing at a CAGR of 4.1% over the analysis period.
The U.S. Market is Estimated at $1.9 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Smartphone Audio Codecs market in the U.S. is estimated at US$1.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2026 trailing a CAGR of 3.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
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SOURCE Global Industry Analysts, Inc.