Report : North America 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)
Mono-Channel Segment to Dominate North America Class D Audio Amplifier Market During 2021–2028
According to a new market research study on “North America 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$ 1,066.80 million by 2028 from US$ 587.92 million in 2021. The market is estimated to grow at a CAGR of 8.9% from 2021 to 2028. The report provides trends prevailing in the North America class D audio amplifier market along with the drivers and restraints pertaining to the market growth. Rising passenger car sales due to elevating disposable incomes and standards of living and growing adoption of class D amplifiers in home audio systems are the major factor driving the growth of the North America class D audio amplifier market. However, less margin due to highly fragmented market hinders the growth of North America class D audio amplifier market.
In case of COVID-19, the US got the highest no. of cases in North America. The COVID-19 pandemic has been affecting every business globally since December 2019. The continuous growth in North America is one of the leading regions in terms of the development and adoption of new technologies; this is mainly attributed to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on growth of the industrial sector hampers the economic growth of the region. Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak. According to a 2021 report by the World Trade Organization (WTO), North America would account for a significant share (11.4%) of the demand for traded goods due to large fiscal injections in the US, which should also stimulate other economies through the trade channel. This has led to a stagnant demand for the class D audio amplifiers in the region as there are several restraining factors. The COVID-19 pandemic has presented numerous challenges to the entertainment sector. People are not as consumed as earlier. The imposition of lockdown by various country and state governments has resulted in the slowdown of class D audio amplifier production.
The North America 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 North America 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 automotive infotainment systems segment dominated the North America class D audio amplifier market in 2020 and is also 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 North America 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 the US, Canada, and Mexico.
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 North America 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 2020, Infineon Technologies AG self-contained Raspberry Pi audio amplifier HAT (Hardware Attached on Top) board. The product offers minimum size and power efficiency, and HD audio quality for Raspberry Pi users and makers.
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