The Global Audio IC Market size is expected to reach $45. 2 billion by 2027, rising at a market growth of 7. 4% CAGR during the forecast period. Audio IC refers to a chip that performs function of an audio amplifier, audio processor, MEMS microphone, and subsystems.New York, May 26, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Audio IC Market By IC Type, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" - https://www.reportlinker.com/p06075896/?utm_source=GNW Audio DSPs, audio converters, audio amplifiers, and audio processors are some of the main types of audio ICs. Audio IC has considerable applications in professional audio, smart home, smart & portable gadgets and automotive audio. Some of the major catalysts for the development of the global market are the growing demand for smart home devices & the professional audio systems along with the requirement for compact & energy-efficient audio ICs.The electronics sector across the globe is affected by the strict government rules & regulations related to the environment & energy efficiency that has resulted in numerous new developments like miniaturization & convergence of every daily-use electronic gadgets. The miniaturization of gadgets is done by acknowledging every input/output ports and different components in the manufacturing process that are important for the end-product. Due to miniaturization, the demand for integrated power for application-based processors & subsystems have increased significantly. It has helped in the integration of audio ICs in various industrial applications because of the increasing developments in connected devices & IoT technology.COVID 19 ImpactWith the outbreak of the global COVID-19 pandemic, many countries have imposed a nationwide lockdown and travel ban. The production process all over the world was also hampered due to the pandemic. The temporary shutdown of the manufacturing units has negatively impacted the growth of the audio IC market across the globe. The COVID-19 pandemic has affected every single individual and companies around the world and negatively impacted the global supply chain. This pandemic has created several uncertainties in the stock market, a huge decline in the supply chain, falling business confidence, and growing panic among consumers. Asian & European nations underwent lockdowns that have incurred a huge loss on business and revenue, majorly because of the shutdown of manufacturing units in this region. The process of production and manufacturing units has been majorly affected by the COVID-19 pandemic; thus, resulting in the declining growth of the Audio IC market.IC Type OutlookBased on IC Type, the market is segmented into Audio Amplifier, Audio DSP, Audio Codecs and Microphone IC. The audio amplifier market segment is estimated to be the key IC type during the forecast period. The function of an amplifier is to accelerate the vibrations to the greatest limit of signals by not impacting frequency or any wavelength and assist in boosting the efficiency of a system. Additionally, a digital sound processor (DSP) is a dedicated microprocessor chip majorly utilized in audio signal processing, digital image processing, telecommunications, sonar & speech recognition systems, radar, and consumer electronics like mobile phones, disk drives, and high-definition television (HDTV) products.Application OutlookBased on Application, the market is segmented into Mobile Phones, Smart Home & IoT devices, Computer & Tablets, Automotive, Headphones, Home Entertainment Systems, Wearables and Others. The Mobile Phone market segment is estimated to emerge as a leading segment during the forecast period.Regional OutlookBased on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia-Pacific region would emerge as a leading region in the audio IC market over the forecast period, due to the growing consumer electronics sector. Several nations in this region have a booming consumer electronics sector, with China manufacturing a vast number of mobile phones every year. Aspects like the adoption of audio ICs in automotive & commercial industries and the cost-efficiency of audio ICs will further surge the growth of the regional audio IC market during the forecast years.The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Texas Instruments, Inc. is the major forerunner in the Audio IC Market. Companies such as Analog Devices, Inc., Renesas Electronics Corporation, and STMicroelectronics N.V. are some of the key innovators in the market.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Infineon Technologies AG, Renesas Electronics Corporation, NXP Semiconductors N.V., ON Semiconductor Corporation, STMicroelectronics N.V., Texas Instruments, Inc., Toshiba Corporation, AMS AG, and Cirrus Logic, Inc.Recent strategies deployed in Audio IC MarketPartnerships, Collaborations, and Agreements:Nov-2020: Renesas came into collaboration with CEVA, the leading licensor of wireless connectivity and smart sensing technologies. In this collaboration, Renesas licensed a new, high-performance CEVA DSP to support its next-generation automotive System-on-Chip (SoC). The leading-edge DSPs along with the software framework and strict security support are set to play a crucial role in implementing these complex systems.Nov-2020: STMicroelectronics partnered with DSP Concepts, a provider of Audio Signal Processing products and services. In this partnership, DSP Concepts make sure about the products built on the designs to be utilized for Alexa Built-in products utilizing simple microcontrollers (MCUs). Together, the companies launched four new high-performance audio front ends (AFE) with AVS-qualified integrated voice processing.Oct-2020: STMicroelectronics collaborated with Sanken Electric Co., a leader in innovative technology specializing in semiconductor devices, power modules, and sensors. This collaboration aimed to uncover the performance and practical benefits of intelligent power modules (IPM) in high-power and high-voltage equipment designs.Oct-2020: STMicroelectronics entered into collaboration with A*STAR’s IME, a research institute in Singapore, and ULVAC, a leading Japanese manufacturing tool vendor. This collaboration focused on setting up and operating an 8-inch R&D line aimed at Piezo MEMS technology under ST’s prevailing manufacturing facility in Singapore.Sep-2020: Texas Instruments unveiled a custom version of the PSpice simulator from Cadence Design Systems. These systems enable engineers the ability to simulate complicated analog circuits and included an unlimited analysis of the company’s power & signal-chain products. The PSpice offers features like a library of over 5,700 TI analog integrated circuit (IC) models.Jan-2020: Texas Instruments teamed up with Elliptic Labs, a global AI software company. Under this collaboration, Elliptic Labs introduced the latest ultrasonic sensing offerings for next-generation smart devices built on audio amplifier technology from Texas Instruments (TI). Elliptic Labs’ AI Virtual Smart Sensor Platform software helps designers to simply add the latest interactive features to their systems via transmission of always-on, low-power ultrasonic tones from the amplifier.Acquisition and Mergers:Feb-2021: Renesas signed an agreement to acquire Dialog Semiconductor, an American-founded UK-Domiciled manufacturer of semiconductor-based system solutions. Through this acquisition, Dialog’s low-power technologies and connectivity expertise centered on its mixed-signal integrated circuits (ICs) would add complementary product lines, and it will strengthen Renesas’ global position over large, high-growth markets in the IoT, industrial and automotive fields.Aug-2020: Infineon Technologie