Audio Amplifier Market Expected to Reach $7 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Audio Amplifier Market," The audio amplifier market was valued at $4.2 billion in 2022, and is estimated to reach $7 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

Audio amplifiers are electronic devices that amplify the amplitude of audio signals, allowing them to be played at a higher volume level through speakers or headphones. These amplifiers are essential components of audio systems because they provide the required power and amplification to drive speakers and create clear, strong music. The audio amplifier market analysis market includes audio amplifiers used in consumer electronics such as home audio systems, televisions, smartphones, and automotive infotainment systems, as well as professional audio equipment used in concerts, theatres, recording studios, and public address systems.

The market for audio amplifiers is driven by the growing traction of in-vehicle infotainment systems for the audio amplifier market. A rise in demand for advanced infotainment systems in automobiles, which provide a wide range of audio and entertainment features. Consumers nowadays expect their vehicles to provide seamless connectivity, immersive audio experiences, and superior audio processing capabilities. This demand for improved in-car audio experiences drives the demand for high-quality audio amplifiers that can produce powerful and crisp sound reproduction in the confined space of a vehicle. For example, modern infotainment systems in cars frequently contain features such as touchscreens, GPS systems, multimedia streaming, and smartphone connectivity. These systems require powerful audio amplifiers that can drive many speakers, deliver high-fidelity sound, and handle a variety of audio formats to give an immersive audio experience. The audio amplifier industry ensures that audio signals are amplified and efficiently dispersed throughout the car, hence improving overall audio quality for occupants. Moreover, the rising trend of electric vehicles (EVs) and autonomous vehicles (AVs) further contributes to the demand for audio amplifiers. As EVs become more popular, there is a need for efficient audio amplifiers that can minimize power consumption and maximize battery life. Similarly, AVs require advanced audio systems to provide entertainment and communication options to passengers during their journeys.

The increasing popularity of consumer electronic devices is driving the growth of the audio amplifier market. As technology advances and consumer preferences evolve, there is a growing demand for high-quality audio experiences across various consumer electronic devices. For example, the rise of wireless speakers and smart speakers. With the increasing adoption of wireless technologies such as Bluetooth and Wi-Fi, consumers are seeking portable and convenient audio solutions. Wireless speakers, like portable Bluetooth speakers or smart speakers with built-in voice assistants, require audio amplifiers to power the speakers and deliver clear and immersive sound. The growing popularity of these devices drives the demand for audiotone amplifiers that can provide high-quality audio output in compact and portable form factors.

Meanwhile, the integration of audio amplification in consumer electronic devices is a barrier to the expansion of the audio amplifier market. The increasing popularity of devices such as smartphones, televisions, and laptops that come with built-in amplifiers limits the demand for separate audio amplifiers. Consumers often prefer the convenience of having an all-in-one solution where the audio amplification is already integrated into the device they are using. This trend reduces the need for additional audio amplifiers and decreases the market potential for standalone products. As a result, power amplifier manufacturers face the challenge of competing with integrated solutions, which can affect their market share and growth prospects. For example, with the rise of smart speakers, such as Amazon Echo and Google Home, are equipped with built-in amplifiers that deliver audio output directly from the device. These speakers offer a combination of audio playback, voice control, and smart home integration features, eliminating the need for separate audio amplifiers. Consumers can conveniently enjoy music, podcasts, and other audio content without the need for additional amplification devices.

However, the increase in the penetration of IoT) creates a substantial opportunity for the audio amplifier market. IoT refers to the interconnection of various devices and objects through the internet, enabling them to collect and exchange data. In the context of audio amplifiers, IoT can facilitate seamless integration and control of audio systems, creating a more immersive and convenient user experience. For example, IoT-enabled audio amplifiers can be connected to other smart devices, such as voice assistants or home automation systems, allowing users to control their audio setup through voice commands or mobile apps. This integration enhances the overall audio experience and offers greater flexibility and customization options. Additionally, IoT can enable features like remote monitoring, diagnostics, and firmware updates for audio amplifiers, improving their performance and longevity.

The audio amplifier market size is segmented based on class, channel, end-use device, and region. Based on class, the market is divided into class A, class B, class A/B, class, and others. Based on channel, the audio amplifier market share is bifurcated into mono, 2-channel, 4-channel, and others. Based on end use device, the audio amplifier market growth is segmented into smartphones, television sets, desktops & laptops, automotive infotainment systems, tablets, home audio systems, and professional audio systems.

By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players profiled in the audio amplifier market, such as STMicroelectronics, NXP Semiconductors, Analog Devices, Yamaha Corporation, ON Semiconductor, Texas Instruments, Kenwood Corporation, Cirrus Logic, Infineon Technologies, Qualcomm Incorporated are provided in this report. Market players have adopted various strategies such as product launch, and acquisition, to expand their foothold in the audio amplifier market.

KEY FINDINGS OF THE STUDY

• The audio amplifier market trends is expected to grow significantly in the coming years, driven by the increasing demand for high quality audio output.
• The market is expected to be driven by the demand for immersive audio amplifiers such as class D amplifiers.
• The market is highly competitive, with several major players competing for market share. The competition is expected to intensify in the coming years as new players enter the market. The Asia-Pacific region is expected to be a major market for Audio amplifier market due to increased investments in consumer electronics and automotive industries in the region.

The key players profiled in the audio amplifier market, such as STMicroelectronics, NXP Semiconductors, Analog Devices, Yamaha Corporation, ON Semiconductor, Texas Instruments, Kenwood Corporation, Cirrus Logic, Infineon Technologies, Qualcomm Incorporated are provided in this report. Market players have adopted various strategies such as product launch, and acquisition, to expand their foothold in the audio amplifier market. Market players have adopted various strategies such as product launch, product development, collaboration, partnership, joint venture, and acquisition to expand their foothold in the audio amplifier market.