Key Findings
The Asia-Pacific audio codec market is evaluated to record a CAGR of 6.09% over the forecast years of 2021 to 2028. Some of the leading factors associated with the regional market’s growth include the increasing utilization of 3rd generation partnership projects, newly standardized for mobile communication as well as MPEG-4 Audio Lossless Coding, the testing of technologies such as DAB+, and the growing popularity of streaming media.

Market Insights
The Asia-Pacific audio codec market growth assessment encompasses the evaluation of China, Indonesia, Japan, India, Thailand, South Korea, Australia & New Zealand, and Rest of Asia-Pacific. South Korea is a pioneering region in the field of technological developments and innovation, with the deployment of audio codes progressing at a significant rate. Moreover, the presence of key players like Samsung and Sony further bolsters the development of audio codecs in South Korea.
Conversely, Thailand is one of the key users of audio codecs, especially in the avenue of communication devices. In this regard, in the second quarter of 2020, the country’s smartphone market shipped 4.3 million units, indicating an increase of 21.2%. Furthermore, key firms like Synopsys and Realtek are extensively working in Thailand for the expansion of audio systems in the country. Likewise, in April 2021, OPPO announced the latest Enco Buds Truly Wireless Earbuds in Thailand. As a result, these drivers are set to promote the audio codec market in the Asia-Pacific during the forecasting period.

Competitive Insights
The major companies operating in the market are ROHM Corp Ltd, Realtek Semiconductor Corp, SONY Group Corp, Ittiam Systems Ltd, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments