LATIN AMERICA AUDIO CODEC MARKET 2022-2028

ICT | Semiconductor

LATIN AMERICA AUDIO CODEC MARKET 2022-2028

Market by Component, Application, and Country Outlook | Forecast 2022-2028

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Triton Market Research’s report states that the audio codec market in Latin America is anticipated to propel at a CAGR of 9.50% over the forecasted period 2022-2028.


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The countries assessed in the region are:

•         Brazil

•         Mexico

•         Rest of Latin America

In Latin America, Mexico secures the largest market share. The region’s market growth is primarily driven by investments in smartphone technologies, headsets, smart homes, etc. Moreover, several private organizations are actively investing in implementing and adopting 5G technology and manufacturing plants. For instance, LG Electronics established its manufacturing complex in São Paulo to assemble various electronics, including computers, smartphones, and televisions. This ultimately increases the demand for audio codecs in electronics. Therefore, as mentioned above, these factors widely support the development of the audio codec market across the region.

In Mexico, Universidad Iberoamericana is a major leader in streaming music using audio codecs on a large scale. In 2020, they attained Venus3 and Alio codecs for broadcasts. Further, audio codecs are majorly exported from the US and Canada. Under the United States, Mexico, and Canada (USMCA), audiovisual services include producing and distributing books, audio or video recordings, periodicals, and others intended for direct reception by the people. The US runs a large trade surplus in audiovisual services within the country. In this regard, Mexico offers US audiovisual firms a high level of market access by decreasing most local content quotas and liberalizing international ownership restrictions.

Additionally, several new USMCA commitments reflect the status quo, introducing higher transparency for US-based firms in the country. In the growing streaming media landscape, Cinematic Media’s new production facilities are primed to elevate Spanish-language content growth. Therefore, all these aforementioned factors are anticipated to widen the scope and growth of the audio codec market across Mexico.

Numerous companies employ hardware codecs in their electronics to capture and convert analog signals to digital formats like ADC. Its common application is the digital signal processors in audio electronic devices. Besides, they are used during recording using audio queue services or interfaces like AVFoundation. A set of hardware audio codecs is considered available based on whether the hardware component supports the combination of codecs. The studied report measures the market growth based on components and application. The component segment is bifurcated into hardware and software audio codecs.

Sony Group designs, develops, and markets audio, video, imaging, and IT products. It serves clients across various industrial, consumer, and professional sectors. The company’s operations are mainly in electronics, entertainment, and financial services. Its product line includes digital cameras, audio and video products, components, semiconductors, televisions, and accessories. Besides, it provides network services related to games, video, and music. Sony has operations across numerous regions, including Latin America.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies

    Comprehensive information and estimation of the audio codec market revenue growth in Latin America and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

     A wide-ranging study of factors that will challenge the LA audio codec market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA AUDIO CODEC MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON AUDIO CODEC MARKET

2.2. EVOLUTION & TRANSITION OF AUDIO CODEC

2.3. KEY INSIGHTS

2.3.1. SURGE IN MOBILE GAMING

2.3.2. EVOLUTION OF SOFTWARE AUDIO CODEC

2.3.3. GROWING USAGE OF SMARTPHONE DEVICES

2.4. PORTER’S FIVE FORCES ANALYSIS

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTES

2.4.3. BARGAINING POWER OF BUYERS

2.4.4. BARGAINING POWER OF SUPPLIERS

2.4.5. THREAT OF COMPETITIVE RIVALRY

2.5. KEY IMPACT ANALYSIS

2.5.1. APPLICATION

2.5.2. COST-EFFECTIVENESS

2.5.3. COMPATIBILITY

2.6. MARKET ATTRACTIVENESS INDEX

2.7. VENDOR SCORECARD

2.8. INDUSTRY COMPONENTS

2.9. KEY MARKET STRATEGIES

2.9.1. ACQUISITIONS

2.9.2. PRODUCT DEVELOPMENTS

2.9.3. AGREEMENTS

2.9.4. BUSINESS EXPANSION

2.10. MARKET DRIVERS

2.10.1. GROWING ADOPTION OF WEARABLE DEVICES

2.10.2. RISE IN ENERGY-EFFICIENT DEVICES

2.10.3. ROBUST OPTIMIZATION TECHNIQUES IN THE ELECTRONICS INDUSTRY

2.11. MARKET CHALLENGES

2.11.1. PATENTED MARKET AND IP LICENSING RESTRICTIONS

2.11.2. AVAILABILITY OF OPEN-SOURCE AUDIO CODECS

2.12. MARKET OPPORTUNITIES

2.12.1. DEVELOPMENT OF HD MUSIC STREAMING

2.12.2. EXPANSION OF CINEMA AND OTT PLATFORM

3. LATIN AMERICA AUDIO CODEC MARKET OUTLOOK - BY COMPONENT

3.1. SOFTWARE AUDIO CODEC

3.2. HARDWARE AUDIO CODEC

4. LATIN AMERICA AUDIO CODEC MARKET OUTLOOK - BY APPLICATION

4.1. COMPUTER

4.2. PHONES

4.3. TABLETS

4.4. OVER-EAR HEADPHONES

4.5. TRUE WIRELESS STEREO

4.6. HOME ENTERTAINMENT

4.7. COMMERCIAL

4.8. AUTOMOTIVE

4.9. PORTABLE

4.10. SMART HOMES

4.11. WEARABLES

4.12. OTHER APPLICATIONS

5. LATIN AMERICA AUDIO CODEC MARKET – COUNTRY OUTLOOK

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

6. COMPETITIVE LANDSCAPE

6.1. ANALOG DEVICES INC

6.2. CIRRUS LOGIC INC

6.3. QUALCOMM INC

6.4. DIALOG SEMICONDUCTOR PLC

6.5. DOLBY LABORATORIES INC

6.6. REALTEK SEMICONDUCTOR CORP

6.7. TEXAS INSTRUMENTS INC

6.8. FRAUNHOFER INSTITUTE OF INTEGRATED CIRCUITS

6.9. STMICROELECTRONICS

6.10. BARIX AG

6.11. ROHM CORPORATE LTD

6.12. ITTIAM SYSTEMS PVT LTD

6.13. SONY GROUP INC

6.14. SYNOPSYS TECHNOLOGY INC

6.15. SYNAPTICS INC

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA AUDIO CODEC MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 6: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 7: REGION-WISE SMART WEARABLE BANDS SHIPMENT 2020 (IN $ MILLION)

TABLE 8: LATIN AMERICA AUDIO CODEC MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA AUDIO CODEC MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA AUDIO CODEC MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PENETRATION RATE OF MOBILE GAMES, BY TYPE, 2020 (IN %)

FIGURE 2: WORLDWIDE SMARTPHONE USERS IN 2016-2025

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: MARKET ATTRACTIVENESS INDEX

FIGURE 5: INDUSTRY COMPONENTS

FIGURE 6: PENETRATION RATE OF OTT PLATFORMS, BY DEVICES TYPE, 2021 (IN %)

FIGURE 7: LATIN AMERICA AUDIO CODEC MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 8: LATIN AMERICA AUDIO CODEC MARKET, BY SOFTWARE AUDIO CODEC, 2022-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA AUDIO CODEC MARKET, BY HARDWARE AUDIO CODEC, 2022-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA AUDIO CODEC MARKET, APPLICATION OUTLOOK, 2021 & 2028 (IN %)

FIGURE 11: LATIN AMERICA AUDIO CODEC MARKET, BY COMPUTER, 2022-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA AUDIO CODEC MARKET, BY PHONE, 2022-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA AUDIO CODEC MARKET, BY TABLETS, 2022-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA AUDIO CODEC MARKET, BY OVER-EAR HEADPHONES, 2021-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA AUDIO CODEC MARKET, BY TRUE WIRELESS STEREO, 2022-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA AUDIO CODEC MARKET, BY HOME ENTERTAINMENT, 2022-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA AUDIO CODEC MARKET, BY COMMERCIAL, 2022-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA AUDIO CODEC MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA AUDIO CODEC MARKET, BY PORTABLE, 2022-2028 (IN $ MILLION)

FIGURE 20: LATIN AMERICA AUDIO CODEC MARKET, BY SMART HOME, 2022-2028 (IN $ MILLION)

FIGURE 21: LATIN AMERICA AUDIO CODEC MARKET, BY WEARABLES, 2022-2028 (IN $ MILLION)

FIGURE 22: LATIN AMERICA AUDIO CODEC MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 23: LATIN AMERICA AUDIO CODEC MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 24: BRAZIL AUDIO CODEC MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: MEXICO AUDIO CODEC MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: REST OF LATIN AMERICA AUDIO CODEC MARKET 2022-2028 (IN $ MILLION)

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