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The “Audio IC and Audio Amplifier Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Audio IC Type (A/D Converter IC, Processor IC, Amplifier IC, D/A Converter IC, Others) and Audio Amplifier Class (Class A /B, Class D, Class G, Class H)” report has been added to ResearchAndMarkets.com’s offering.
The audio IC and audio amplifier market is projected to reach US$ 22,525.7 million by 2028 from US$ 13, 424.5 million in 2021; it is expected to grow at a CAGR of 7.7% from 2021 to 2028.
The adoption of consumer electronics and smart appliances is increasing with the development of new energy-efficient audio devices for both commercial and domestic use. Advancements in technologies and high disposable income among working population would also contribute to the audio IC and audio amplifier market growth.
Continuous technological innovations in the semiconductors industry, increasing demand for high-performance home theaters, and penetration of Internet of Things (IoT) are the other major factors propelling the adoption of consumer electronic devices, which would contribute to …
Full story available on Benzinga.com
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