The audio amplifier market size is projected to grow from USD 3.4 billion in 2019 to USD 4.4 billion by 2024, at a CAGR of 5.6% from 2019 to 2024.
An audio amplifier is an electronic device used to amplify input signals in sound systems. It is the final electronic stage in a typical audio playback chain. Home audio systems, smartphones, public address systems, musical instruments, desktops & laptops, and tablets that transmit or record electronically processed signals, are equipped with audio amplifiers. These amplifiers are categorized into two major groups. The first being the classically controlled conduction angle Class A, B, AB, and C amplifiers while the other group has Class D, E, F, G, D, S, and T amplifiers that use digital circuits and pulse-width modulation (PWM) to constantly switch the signal between fully-on and fully-off, thereby driving the output into saturation and cut-off regions of transistors. The audio amplifier market is projected to grow from USD 3.4 billion in 2019 to USD 4.4 billion by 2024, at a CAGR of 5.6% from 2019 to 2024.
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Key players operating in the audio amplifier 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).
The home audio systems segment is estimated to account for the largest share of the audio amplifier market in 2019.
The home audio systems segment is estimated to account for the largest share of the audio amplifier market in 2019. The growing use of smartphones to stream music to smart speakers is fueling the demand for audio amplifiers across the globe. Moreover, the rising 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 in them as they dissipate less heat and offer extended battery life. Moreover, these devices also offer extended functionalities for live streaming of music and news, setting alarms, and ordering household supplies, thereby contributing to the growth of the audio amplifier market across the globe.
The audio amplifier market for entertainment is projected to grow at the highest CAGR during the forecast period.
The entertainment segment of the audio amplifier market is projected to grow at the highest CAGR during the forecast period. 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 across the globe. Moreover, the rising tendency of increased expenditures on global festivals and music concerts is likely to propel the demand for professional audio equipment wherein audio amplifiers are used. This, in turn, is contributing to the growth of the audio amplifier market. Increase in the number of trade shows, motion production and films, exhibitions, music concerts, and sports events is expected to lead to rise in demand for professional audio equipment. This is expected to contribute to increased demand for audio amplifiers for the efficient distribution of sound in large venues.
The audio amplifier market in China is projected to grow at a significant rate from 2019 to 2024.
The audio amplifier market in China is projected to grow at a significant rate during the forecast period. China is a global manufacturing hub for the automotive, entertainment, and consumer electronics industries. Considering its growing population and flourishing economy, it is one of the largest markets for consumer electronics such as smart speakers, professional audio systems, smartphones, and television sets. Moreover, China being a global manufacturing hub, holds immense potential for the automotive industry. These factors are expected to augment the growth of the audio amplifier market in China.
