Overview:

The global audio amplifier market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2021-2029. Amplifier is an electronic component and a type of circuit that produces and increases input signal before transferring to a loudspeaker. It is widely used with various electronic products such as in mobile phones, laptops, TV's, and many others to increase the volume output. The amplifier is commonly categorized on the basis of channel such as mono-channel, 2 channel, 4 channel, 6 channel, 8 channel, and others.

Market Dynamics:

Growing penetration or sales of various electronics product across the globe is a primary factor driving growth of the global audio amplifier market. Increasing income level and changing lifestyle are some factors supporting the increased sales of electronics products. Additionally, rising various advanced and smart electronics such as connected devices, smart audio systems, and others are propelling growth of the target market.

In addition, ongoing trend of carrying small music devices in various activities such as trekking and cycling is resulting in increased demand for advanced audio systems among consumers across the globe. This in turn driving global market growth. Also, rising penetration of smart home and smart city projects expected to fuel growth of the global audio amplifier market in the near future.

Moreover, along with the willingness to pay high cost for audio devices the expectation of high audio quality is increasing among end users. This in turn driving high demand for high quality and capability audio amplifiers. However, issues associated with audio amplifiers such as overheating, complications in multiple device connectivity, and variations in power supply are expected to limit the target market growth to a certain extent.

Key Trends:

Rising focus on product launches and technology advancement by key players are major trends witnessed in the global audio amplifier market. For instance, in June 2018, Texas instrument introduced three new digital-input Class-D audio amplifiers that enable engineers to deliver high-resolution audio in more smart-home and voice-enabled applications. These new amplifiers are designed for personal electronics applications with any power level, including smart speakers, sound bars, TVs, notebooks, projectors and Internet-of-Things (IoT) applications.

Regional Analysis:

For detailed understanding of market dynamics, the global audio amplifier market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific region held the major market share in the year 2020. This is associated with presence of major consumer base in countries such as India and China in the region. Additionally, presence of leading manufacturers and boom in economy are some other factors supporting the regional market. China holds major market share in the Asia Pacific audio amplifier market followed by India.

However, the target market in the North America and Europe is expected to witness significant growth in terms of CAGR over the forecast period. Increasing demand for smart devices among end users is a key factor driving this growth in these regions.

Scope of the Report:

Detailed Segmentation:

Global Audio Amplifier Market, By Channel:

• 2-Channel
• 4-Channel
• Others (Mono, 6 Channel, 8 Channel, and 12 Channel)

Global Audio Amplifier Market, By Device Type:

• Smartphones & Tablets
• Television Sets & Home Audio Systems
• Desktops & Laptops
• Automotive Infotainment System
• Professional Audio Systems

Global Audio Amplifier Market, By End Use Industry:

• Consumer Electronics
• Automotive
• Entertainment

Key Players Covered:

Key players operating in the global audio amplifier market includes Texas Instruments Inc., Maxim Integrated Product Inc., Infineon Technologies AG, ON Semiconductor Corp., Qualcomm Incorporated., Monolithic Power Systems Inc., ICEPower A/S, Renesas Electronics Corporation, Integrated Silicon Solutions Inc., and TOSHIBA CORPORATION.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Audio Amplifier Market by channel, device type, end use industry, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global audio amplifier market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.