Report : Asia Pacific Class D Audio Amplifier Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Mono-Channel, 2-Channel, 4-Channel, and 6-Channel), Product (Automotive Infotainment Systems, Smartphones, Television, and Others), and Industry (Automotive, Consumer Electronics, and Others)
Consumer Electronics Segment to Dominate APAC Class D Audio Amplifier Market During 2021–2028
According to a new market research study on “APAC Class D Audio Amplifier Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Product, and Industry” is expected to reach US$ 1,983.38 million by 2028 from US$ 1,009.19 million in 2021. The market is estimated to grow at a CAGR of 10.1% from 2021 to 2028. The report provides trends prevailing in the APAC class D audio amplifier market along with the drivers and restraints pertaining to the market growth. Burgeoning demand for electric vehicles and rising trend of AI-enabled smart speakers are the major factor driving the growth of the APAC class D audio amplifier market. However, smaller price margin due to highly fragmented market hinders the growth of APAC class D audio amplifier market.
In case of COVID-19, India got the highest no. of cases in APAC region. Rapidly growing urbanization and industrialization in these countries is presenting ample growth opportunities to the class D audio amplifier market players. However, the COVID-19 outbreak has brought the entire manufacturing sector to a halt by causing major supply chain disruptions. The trade war between the US and China has had a negative effect on trade of raw materials as well as on the demand for class D audio amplifiers. The COVID-19 pandemic has taken a toll on the consumer electronics industry. Hypermarkets, supermarkets, and showrooms of major brands have been shuttered around the world, impacting consumer electronics sales. Nonetheless, many businesses in APAC have adopted remote working to continue their operations amid lockdown scenarios. The practice of working from home (WFH) has triggered the demand for computers, laptops, and peripherals. Sales of headphones and Bluetooth earphones have increased, as these devices are necessary to attend webinars and online meetings more effectively. The need for distant connectivity has resulted in a multifold growth in sales of networking devices and connection hardware solutions. The supply chain for consumer electronics is largely based in China, as prominent consumer electronics device OEMs, as well as component OEMs, have production facilities in the country. However, the shutdown of manufacturing facilities in China in the first half of 2020 significantly affected the consumer electronics ecosystem. However, the impact on the supply side of the market is currently minimal due to the resumption of manufacturing in China. With the shift in consumer spending on non-essential items, sales of products such as television sets, air conditioners, and refrigerators have decreased significantly.
The APAC class D audio amplifier market is segmented based on type, product, industry, and country. Based on type, the market is categorized into mono-channel, 2-channel, 4-channel, and 6-channel. The mono-channel segment dominated the APAC class D audio amplifier market in 2020 and 2-channel segment is expected to be fastest growing during forecast period. Based on product, the market is segmented into automotive infotainment systems, smartphones, television, and others. The others segment dominated the APAC class D audio amplifier market in 2020 and automotive infotainment systems segment expected to be fastest growing during forecast period. Based on industry, the market is segmented into the automotive, consumer electronics, and others. The consumer electronics segment dominated the APAC class D audio amplifier market in 2020 and automotive segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.
Analog Devices, Inc; ICEpower a/s; INFINEON TECHNOLOGIES AG; Maxim Integrated; NXP Semiconductors N.V.; ON Semiconductor Corporation; Qualcomm Technologies, Inc.; Silicon Laboratories, Inc.; STMicroelectronics N.V.; and Texas Instruments Incorporated are among the leading companies in the APAC class D audio amplifier market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Infineon Technologies AG launched MERUS, a class D audio amplifier. The newly launched amplifier IC is smaller and lighter in size and weight compared to its existing portfolio of multi-chip modules.
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