Global Audio Amplifier Market Overview:
Audio Amplifier Market Size was valued at USD 5.3 Billion in 2023. The Audio Amplifier market industry is projected to grow from USD 5.67 Billion in 2024 to USD 9.19 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.22% during the forecast period (2024 - 2032). Increased use of IoT & in-vehicle entertainment systems and increasing demand for smart gadgets among consumers are the key market drivers contributing to market growth and expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Audio Amplifier Market Trends
-
Growing Smart gadget demand is driving the market growth
The rising Smart gadget demand among consumers drives market CAGR for audio amplifier. Smart speakers allow customers to voice orders to their connected home devices. As a result, speaker systems, which act as a hub for intelligent houses, are the most crucial and common electronics in them. The integrated smart home hub makes it simple to link to smart devices and perform functions like adjusting lighting, streaming music, and surfing the Internet. Its wireless communication with handheld devices benefits users.
Furthermore, wireless speakers use a smaller area than traditional home theatre systems. The proliferation of devices for smart homes is expected to hasten the widespread use of speaker systems with artificial intelligence in the coming years. Furthermore, key industrial actors are focusing on internationalizing their business divisions.
The newly announced gadgets also have Dolby Atmos for a 3-D audio sensation. Furthermore, the audio amplifier business is thriving in the television sector. The global television market is predicted to rise shortly. This is due to increasing requests for smart TVs in developing nations, such as Asia Pacific.
Strong rivalry and technical innovation drive price reductions in various consumer electrical product categories, including televisions. This may boost the market's expansion in the next years. Furthermore, it is expected that market growth will accelerate during the projected period as a result of the digital revolution of the broadcasting industry and expanding worldwide internet adoption. As a result, the audio amplifier industry is predicted to grow.
The impact of COVID-19 on the audio amplifier business is dismal since the consumer electronics sector has been badly hurt, and it is expected to have substantial long-term implications for consumer electronics availability. Since the adoption of COVID-19, a sizable section of the staff has been employed from home, providing a serious data protection risk for organizations worldwide.
Considering these conditions, many companies are considering increasing work-from-home hours or introducing an ongoing system in the next years.
For instance, the overall sales worth of the musical instrument amplifier marketplace in 2019 reached 153.93 million, as reported by Music Trades. In 2019, 218,000 amplifiers for power were distributed in the United States based on the same source. These factors are mostly to blame for the worldwide market's development.
The rising use of phones for listening to music and home-enabled wireless speakers has spurred the rise of audio amplifiers. Thus, it is anticipated that demand for Audio Amplifier will increase throughout the projected timeframe due to the rising Smart gadget demand among consumers. Thus, driving the Audio Amplifier market revenue.
Audio Amplifier Market Segment Insights:
Audio Amplifier Channel Type Insights
Based on Channel Type, the Audio Amplifier Market segmentation includes Mono Channel, Two Channel, Four-Channel, Six Channel, and Others. The two-channel segment dominated the market, accounting for 48% of market revenue (USD 2.4 Billion) in 2022. The two channels relate to the amplifier's capacity for processing LEFT & RIGHT sound or being BRIDGED to run a subwoofer through them.
Audio Amplifier Application Insights
The Audio Amplifier Market segmentation, based on Applications, includes Smartphones, Television Sets, Home Audio Systems, Desktops & Laptops, Tablets, Automotive Infotainment Systems, Professional Audio Systems, and Others. The home audio systems category generated the highest market revenue of about 32% (USD 1.6 billion) in 2022. It is due to the increased usage of BCI-related hardware & sensor in the technology industry. The mobile music surge from wireless speakers fuels the demand for home audio amplifiers.
Audio Amplifier Class Insights
Based on Class, the Audio Amplifier Market segmentation includes A, B, A/B, D, and Others. The D segment dominated the market, accounting for 39% of market revenue (USD 1.95 Billion) in 2022. The ubiquity of portable mobile audio equipment that includes cellphones, MP3 players, & compact docking stations raises concerns about power consumption. The use of electricity must be decreased for the longer lifespan of batteries.
Audio Amplifier End User Insights
The Audio Amplifier Market segmentation, based on End-User, includes Consumer Electronics, Automotive, Military & Defense, Entertainment, and Others. The consumer electronics segment dominated the market, accounting for 43% of market revenue (USD 2.2 Billion) in 2022. The rising usage of innovative and energy-efficient electronic products and the need for speakers with audio amplifiers to boost sound quality propel the audio amplifier business forward.
Figure 1: Audio Amplifier Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Audio Amplifier Regional Insights
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Audio Amplifier market area accounts for the second-highest market share, owing to development in the consumer electronics & automobile industries, has risen will boost the market growth in the North American region.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Audio Amplifier Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Audio Amplifier market is expected to grow quickly during the projected timeframe due to the growing use of amplifiers for sound in household audio systems is likely to drive market expansion. Ongoing technical advancements in home audio systems, as well as rising demand for outstanding performance home theatres, are driving the use of these systems.
Further, the German Audio Amplifier market holds the largest market share, and the UK Audio Amplifier market is expected to grow and expand significantly in the European region during the projected timeframe.
The Asia-Pacific Audio Amplifier Market will dominate this market during the projected timeframe. The rising disposable income of consumers, increased usage of electronic devices, thriving infrastructure, and expanding technological advancement are primary drivers of the audio amplifier market's growth.
Moreover, China’s Audio Amplifier market dominates the market share, and the Indian Audio Amplifier market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.
Audio Amplifier Key Market Players & Competitive Insights
Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Audio Amplifier market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their global footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations.
Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Audio Amplifier industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the global Audio Amplifier industry to benefit customers and capture untapped market share and revenue. The Audio Amplifier industry has recently offered significant advantages to the Semiconductor & Electronics industry. Moreover, more industry participants are utilizing and adopting cutting-edge Technology has grown substantially.
Major players in the Audio Amplifier market, including STMicroelectronics (Netherlands), Texas Instruments (US), NXP Semiconductors (Netherlands), Maxim Integrated Product, Inc. (US), Analog Devices (US), Cirrus Logic (US), Toshiba Corporation (Japan), Infineon Technologies (Germany), ON Semiconductor Corp. (US), Qualcomm Incorporated (US), ROHM Semiconductor (Japan), Monolithic Power Systems, Inc. (US), and Silicon Laboratories Inc. (US), are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.
Analogue Devices is a worldwide semiconductor company connecting the digital and physical worlds to bring Intelligent Edge innovations. ADI blends analog, digital, and software innovations to provide services that promote digitized industries, mitigate global warming, and reliably link individuals and the globe. Analogue Devices introduced a new module controller in March 2023 to supply noise-sensitive workloads with outstanding reliability. The ADI module regulation has extremely low noise and an exceptionally high voltage reject ratio, which makes it perfect for applications requiring accurate and clean power.
Infineon Technologies AG is a manufacturer of semiconductors and system solutions provider. The firm was established on April 1, 1999, and is based in Munich, Germany. Its business segments are Automotive, Commercial Power Control, Power Management for Automotive and Multimarket, and Cyber Protection Solutions. Infineon Technologies AG has released the MERUS 2-channel analog input from the user, class D sound amp MCM. It is a substantial advance over its predecessor, creating greater power output than monolithic rivals while taking up around half the size without a heatsink.
Key Companies in the Audio Amplifier market include
Audio Amplifier Industry Developments
July 2023: Musical Fidelity has revealed the Nu-Vista 800.2, their new flagship integrated amplifier, as part of its ongoing revitalization of its line of high-end audio equipment. Musical Fidelity stated that the original Nu-Vista 800 (debuted in 2015) was ready for an update in its sequel, which comes after the introduction of the PRE, PAS, & PAM models under the Nu-Vista range early this year.
The Nu-Vista 800.2 amp can accept and manage any form of line-level analogue source thanks to its four stereo RCA inputs and stereo XLR input. Additionally, it has fixed & variable analogue output for larger system integration. The amp also has a home-theatre bypass setting for use with surround sound systems.
July 2023: The A10MKII Integrated Amplifier, the A11MKII Integrated Amplifier, and CD11MKII CD Player are three updated versions of Rotel's well-liked 14 Series series. Upgrades to crucial parts and circuit layout let all three models offer more resolution & detail while keeping their crucial pricing positions.
The new products continue to respectfully pay honor to Ishiwata san's 40+ year heritage in the audio industry while faithfully adhering to Ken's design philosophy and seeking to improve upon the performance of the predecessors.
March 2023: Analogue Devices introduced a new module controller in March 2023, intended to supply noise-sensitive workloads with outstanding reliability. The ADI module regulation has extremely low noise and an exceptionally high voltage reject ratio, which makes it perfect for applications requiring accurate and clean power.
December 2022: The FDA803S and FDA903S are the latest one-channel completely divergent 10W Class-D audio power amps in the FDA series from STMicroelectronics.
October 2022: USound, the industry leader in MEMS-based audio solutions for wearables and hearables announces the release of Tarvos 1.0 UC-P3010, the newest ASIC linear audio amplifier built specifically to power USound MEMS speakers. With the lowest noise, least harmonic distortion, and best noise rejection in the frequency range up to 40 kHz, this ground-breaking ASIC linear audio amplifier will drive USound MEMS speakers.
The ASIC linear audio amplifier surpasses market expectations with its ultra-low power consumption & great efficiency, providing higher performance and prolonging the battery life of personal electronics. The lightest and thinnest speakers currently on the market, USound MEMS speakers deliver exceptional music quality.
February 2022: Infineon Technologies AG has released the MERUS 2-channel, analog input from the user, class D sound amp MCM. It is a substantial advance over its predecessor, creating greater power output than monolithic rivals while taking up around half the size without a heatsink.
Audio Amplifier Market Segmentation:
Audio Amplifier Channel Type Outlook
-
Mono Channel
-
Two Channel
-
Four-Channel
-
Six Channel
-
Others
Audio Amplifier Application Outlook
-
Smartphones
-
Television Sets
-
Home Audio Systems
-
Laptops, Tablets, & Desktops
-
Automotive Infotainment Systems
-
Professional Audio Systems
-
Others
Audio Amplifier Class Outlook
Audio Amplifier End-User Outlook
-
Consumer Electronic
-
Automotive
-
Military & Defense
-
Others
Audio Amplifier Regional Outlook
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
Middle East
-
Africa
-
Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 5.3 Billion |
| Market Size 2024 |
USD 5.67 Billion |
| Market Size 2032 |
USD 9.19 Billion |
| Compound Annual Growth Rate (CAGR) |
6.22% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Channel Type, Application, Class, End-User, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
STMicroelectronics (Netherlands), Texas Instruments (US), NXP Semiconductors (Netherlands), Maxim Integrated Product, Inc. (US), Analog Devices (US), Cirrus Logic (US), Toshiba Corporation (Japan), Infineon Technologies (Germany), ON Semiconductor Corp. (US), Qualcomm Incorporated (US), ROHM Semiconductor (Japan), Monolithic Power Systems, Inc. (US), and Silicon Laboratories Inc. (US) |
| Key Market Opportunities |
Increased use of IoT & in-vehicle entertainment systems |
| Key Market Dynamics |
Smart gadget demand is increasing. Consumer acceptance of different speaker-integrated technologies |
Frequently Asked Questions (FAQ) :
The Audio Amplifier Market size was valued at USD 5.3 Billion in 2023.
The global market is estimated to grow and expand at a CAGR of 6.22% during the projected timeframe.
APAC region has the largest share of the global market
The key players in the market are STMicroelectronics (Netherlands), Texas Instruments (US), NXP Semiconductors (Netherlands), Maxim Integrated Product, Inc. (US), Analog Devices (US), Cirrus Logic (US), Toshiba Corporation (Japan), Infineon Technologies (Germany), ON Semiconductor Corp. (US), Qualcomm Incorporated (US), ROHM Semiconductor (Japan), Monolithic Power Systems, Inc. (US), and Silicon Laboratories Inc. (US).
The Two-Channel category dominated the market in 2022.
Home Audio Systems had the largest share in the global market.
