Market by Component, Application, and Country Outlook | Forecast 2022-2028
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.
Report scope can be customized per your requirements. Request For Customization
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
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
Market by Security Testing Typ ..
VIEW REPORT1. 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
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)
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)