Key Findings
The North America audio codec market is anticipated to develop with a CAGR of 5.25% over the forecasting years of 2021 to 2028. The regional market’s growth is strengthened by the rising use of software audio codecs in the healthcare industry, the increasing utility of smart home technology, smartphones, and smart televisions, the emerging 5G technology, and substantial developments in the avenue of the Internet of Things (IoT).

Market Insights
The North America audio codec market growth evaluation entails the assessment of Canada and the United States. Although Canada holds a relatively minor share within the region’s market, the country is estimated to progress with a significant CAGR during the forecast period. The substantial growth is mainly attributable to the increasing number of smartphone users in Canada. In this regard, the country’s elevated smartphone penetration is credited to the regular development of novel applications.
On the other hand, in January 2021, Canada had approximately 37.14 million mobile connections. According to the Canadian Radio-television and Telecommunications Commission, more than 75% of Canadian consumers use smartphones. Consequently, the use of smartphones facilitates the surging demand for wearables, headsets, and other devices. The COVID-19 pandemic further increased the use of mobiles, as the demand for entertainment and data surged due to e-learning and remote working. Hence, these factors are set to propel the audio codec market growth in North America.

Competitive Insights
Some of the leading players operating in the market are Cirrus Logic Inc, Analog Devices Inc, Qualcomm Inc, 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