Inkwood Research estimates that the Global Audio Codec Market is set to register a CAGR of 5.60% in terms of revenue during the forecasting years of 2021-2028.
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spread over 218 Pages, along with an in-depth TOC on the Global Audio Codec Market Forecast
2021-2028.”
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Audio codecs are characterized as essential
elements in sound systems as well as associated equipment. An audio codec
entails a computer program or device capable of decoding and encoding a digital
data stream that predominantly encodes and decodes audio. In terms of software,
audio codes include computer programs that implement an algorithm, compressing
and decompressing digital audio data as per the audio file or streaming media’s
audio coding format.
Surging
Usage of Smartphones to Facilitate Market Growth
While nearly 3668 million people utilized
smartphones in 2016, this figure reached 6378 million in 2021 and is expected
to rise to 7336 million by 2025. As the first technology in audio codecs, MP3
codecs in smartphones work with Bluetooth connections. In this regard, Bluetooth
devices have a determined connectivity range, typically ranging up to three
meters for headphones. Moreover, an audio codec regulates how Bluetooth is transmitted
from sources such as smartphones to headphones. Irrespective of the audio codec
used, it is primarily responsible for decoding and encoding digital audio into
data by virtue of a specified format. As a result, the ultimate goal of
transmitting a high-fidelity signal at a minimum bit rate is achieved.
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Hardware
Audio Codec is the Major Component
A hardware audio codec covers sound waves
into PCM digital code and vice versa. It may include either the compression
technique for reducing the signal or the analog-to-digital (A/D) or
digital-to-analog (D/A) conversion. Also, hardware codecs are fast and
high-quality, dedicated codecs.
In addition, its common application includes
Digital Signal Processors (DSPs) in audio electronics devices. Further, these
are used while playing or recording using Audio Queue Services or interfaces
like AVFoundation. Moreover, it can be used with Open AL or the I/O audio unit.
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Asia-Pacific
is the Fastest-Growing and Revenue-Generating Region
The region has an increasingly young
population, which contributes to the popularity of media streaming. Also,
several technologies are tested in Asia first, with its consumers getting
direct benefits. In addition, innovations are supplementing the market growth
in the region. Moreover, the partnerships and collaborations offer growth
opportunities.
The market leaders maintain their market
share by acquiring emerging players. Also, the established players are
collaborating with outsiders. As a result, the competitive rivalry is intense.
Analog Devices, Qualcomm Inc, Cirrus Logic, Texas Instruments, Fraunhofer IIS,
etc., are among the key firms in the market.
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energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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