Class D Audio Amplifier Market to Garner US$ 4,515.74 million, Globally, by 2028 at 9.2% CAGR: The Insight Partners

Class D Audio Amplifier Market to Garner US$ 4,515.74 million, Globally, by 2028 at 9.2% CAGR: The Insight PartnersThe Insight PartnersSurging Demand for Electric Vehicles to Provide Growth Opportunities for Class D Audio Amplifier Market during 2021–2028

According to our latest market study on “Class D Audio Amplifier Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Product, and Industry Vertical,” the market was valued at US$ 2,437.96 million in 2021 to US$ 4,515.74 million by 2028; it is estimated to grow at a CAGR of 9.2% from 2021 to 2028.

Strategic Insights        

Report Coverage

Details

Market Size Value in

 US$ 2,437.96 Million in 2021

Market Size Value by

 US$ 4,515.74 Million by 2028

Growth rate

 CAGR of 9.2% from 2021-2028

Forecast Period

 2021-2028

Base Year

 2021

No. of Pages

 132

No. Tables

 88

No. of Charts & Figures

 83

Historical data available

 Yes

Segments covered

 Type, Product, and Industry Vertical

Regional scope

 North America; Europe; Asia Pacific; Latin America; MEA

Country scope

 US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

 Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

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The global automotive sector has experienced the emergence of several new carmakers over the years. The automotive giants are continuously targeting the electric vehicle manufacturing as an attractive segment for expanding their clientele. Major players catalyzing the global electric vehicle market growth include Tesla, BMW, Nissan, Ford, and Volkswagen, among others. As per International Energy Agency, the sales of electric cars reached 2.1 million in 2019 worldwide, with a 40% year-on-year increase. With the increasing electric vehicle production, the demand for in-vehicle infotainment systems is also on rise. In addition to the US and China, which are known for the large adoption of electric vehicles, European countries such as Germany, Sweden, and France as well as Asian countries such as India, Japan, and South Korea are also generating high demands for these vehicles. As the vehicle infotainment systems include audio amplifier components, the high demand for electric vehicles is expected to propel the growth of class D audio amplifier market during the forecast period.

The class D audio amplifier market is segmented on the bases of type, product, industry vertical, and geography. Based on type, the market is segmented into up to mono-channel, 2-channel, 4-channel, and 6-channel. In 2020, the mono-channel segment accounted for the largest market share. In terms of product, the class D audio amplifier market is segmented into automotive infotainment systems, smartphones, television, and others. In 2020, the control rooms and monitoring segment accounted for the largest market share. On the basis of industry vertical, the class D audio amplifier market is segmented into automotive, consumer electronics, and others. 

Impact of COVID-19 Pandemic on Class D Audio Amplifier Market

According to the latest report from the World Health Organization (WHO), the US, Spain, India, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. In 2020, the world economy suffered significant consequences of the pandemic due to disruptions in the electronics & semiconductors, and manufacturing industries, among others. 

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Growing Trend of AI-Enabled Smart Speakers Emerging as Significant Trend in Class D audio Amplifier Market

The growing trend of AI-enabled smart speakers is emerging as a significant trend driving the proliferation of the class D audio amplifier market. This growth in the trend can be attributed to technological advancements in consumer electronics and increasing customer preferences for automation and advanced features in products. Smart speakers rely on a set of complex artificial intelligence (AI) technology, and they catch sound waves and convert them into words using automatic speech recognition (ASR) feature. Further, the verbal data is converted into meaningful sentences using the natural language understanding (NLU) technology. Once the meaning is understood, the smart speakers respond using the natural language generation (NLG) technology. The AI-enabled smart speakers are expected to deliver simple operational functions with smooth and high-quality audio experience.

Class D Audio Amplifier Market: Type

The class D audio amplifier market, by amplifier type, is segmented into mono channel, 2-channel, 4-channel, and 6-channel. Electronics vendors commonly use high-efficiency, filter-less, analog-input class D amplifiers to manage the power requirements of portable audio speakers engineered in cell phones, tablet computers, and personal navigation devices. These amplifiers allow direct connection to a battery, thus minimizing losses and reducing component count.

Class D Audio Amplifier Market: Competitive Landscape and Key Developments

Analog Devices, INC.; ICEPOWER A/S; INFINEON TECHNOLOGIES AG; Maxim Integrated, INC; ON SEMICONDUCTOR CORPORATION; QUALCOMM Technologies, INC.; STMICROELECTRONICS; Silicon Laboratories INC.; and Texas INSTRUMENTS Incorporated are among the key players in the global Class D Audio Amplifier market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

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In March 2020, STMicroelectronics introduced FDA901, a new class-D audio amplifier IC. The new product offers high-fidelity car audio systems that are capable of self-diagnostics and other advanced functions to measure real-time speaker current and impedance.

In May 2019, NXP Semiconductors partnered with Art Spa to develop the most advanced infotainment systems for luxury sports cars. The system provides in-vehicle entertainment features, including smartphone integration that makes them easy and safe to use along with control on multimedia audio and video content.

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