The Audio Amplifier Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Audio Amplifier Global Market Report 2024, The audio amplifier market size is expected to see strong growth in the next few years. It will grow to $5.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing demand for high-quality sound reproduction, rising adoption of smart home devices, increasing popularity of consumer electronics, increasing demand for high-quality audio output, and increasing use of smartphones. Major trends in the forecast period include technological advancements, multi-room audio systems, adoption of amplifiers in virtual reality, modular and upgradeable amplifiers, and AI-powered amplifier technologies.
The increasing popularity of consumer electronics is expected to propel the growth of the audio amplifier market going forward. Consumer electronics refers to electronic devices used for personal and household purposes, such as smartphones, laptops, TVs, cameras, and gaming consoles. The popularity of consumer electronics is due to ease of use, continuous product upgrades, multimedia capabilities, design aesthetics, and integration with smart home technologies. Audio amplifiers enhance the appeal of consumer electronics by delivering high-quality sound and immersive audio experiences, enhancing user satisfaction and product desirability. For instance, in January 2023, according to the report published by LG, a South Korea-based consumer electronics company, LG’s annual revenue increased by 12.9% in 2021 from $52.70 billion to $60 billion in 2022. Therefore, the increasing popularity of consumer electronics is driving the growth of the audio amplifier market.
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The audio amplifier market covered in this report is segmented –
1) By Class: Type D, Type AB, Type A, Type B, Other Classes
2) By Channel: Mono Channel, Two Channel, Four Channel, Six Channel, Other Channels
3) By Device Application: Smartphones, Television Sets, Desktops And Laptops, Automotive Infotainment Systems, Tablets, Home Audio Systems, Professional Audio Systems
4) By End Use Industry: Consumer Electronics, Entertainment, Automotive, Military And Defense
Major companies operating in the audio amplifier market are focused on developing innovative products, such as next-generation smart amplifiers, to deliver superior sound quality, increased energy efficiency, and enhanced user experience. Next-generation smart amplifiers are advanced audio amplifiers that integrate cutting-edge technologies to improve sound quality, efficiency, and user experience. For instance, in April 2024, Shenzhen Goodix Technology Co., Ltd., a China-based semiconductor manufacturing company, launched a new TFA9865 device, a new generation smart amplifier targeting mobile audio designs. This smart amplifier integrates AI-driven sound processing, automatically optimizing audio output for various types of content, ensuring superior sound quality in all listening scenarios. It also boasts exceptional energy efficiency, with intelligent power management that extends battery life without compromising performance. The amplifier supports high-fidelity audio, delivering crystal-clear sound and deep bass, enhancing the user experience.
The audio amplifier market report table of contents includes:
1. Executive Summary
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32. Global Audio Amplifier Market Competitive Benchmarking
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