The new report recognizes the following companies as the key players in the Global Smartphone Audio Codecs Market: Cirrus Logic Inc., STMicroelectronics Co., Texas Instruments and Wolfson Microelectronics plc.
Other Prominent Vendors in the market are: AMS, Analog Devices, Broadcom, CML Microcircuits, Conexant, Exstreamer, Integrated Device Technology and Maxim Integrated.
Commenting on the report, an analyst from the report's team said: “An increase in the adoption of smartphones is one of the major trends emerging in this market. Being the most important device in a smartphone, and audio codecs are used in every smartphone.”
According to the report, the low cost of audio codecs is one of the major drivers in the market. There are other alternatives such as system-on-chips, but they are less preferred compared to audio codecs because of their high cost.
Further, the report states that one of the major challenges that hinder the market growth is the integration of audio IP to help enhance the performance of the device.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.