Global Audio Codec Market Size & Outlook, 2023-2030

The audio codec industry worldwide is expected to reach a projected revenue of US$ 9,892.1 million by 2030. A compound annual growth rate of 5.7% is expected of the worldwide audio codec industry from 2024 to 2030.
Revenue, 2023 (US$M)
$6,714.7
Forecast, 2030 (US$M)
$9,892.1
CAGR, 2024 - 2030
5.7%
Report Coverage
Worldwide

Global audio codec market, 2018-2030 (US$M)

Global audio codec market highlights

  • The global audio codec market generated a revenue of USD 6,714.7 million in 2023 and is expected to reach USD 9,892.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 5.7% by 2030.
  • In terms of segment, with dsp accounted for a revenue of USD 6,714.7 million in 2023.
  • With DSP is the most lucrative function segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 6,714.7 million
Market revenue in 2030USD 9,892.1 million
Growth rate5.7% (CAGR from 2023 to 2030)
Largest segmentWith dsp
Fastest growing segmentWith DSP
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWith DSP

Other key industry trends

  • In terms of revenue, the North America accounted for 34.4% of the global audio codec market in 2023.

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Audio Codec Market Scope

Audio codec market segmentation & scope
With DSP
Without DSP
Component Type
Hardware Codecs
Software Codecs
Application
Automobile
Television Sets
Smartphones and tablets
Desktop and laptops
Headphone, Headsets and Wearable devices
Gaming consoles
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE

Audio Codec Market Companies

Name Profile # Employees HQ Website

Global audio codec market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to audio codec market will help companies and investors design strategic landscapes.


With dsp was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global audio codec market based on with dsp covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Audio Codec Function Outlook (Revenue, USD Million, 2018-2030)
    • With DSP
    • Without DSP
  • Global Audio Codec Component Type Outlook (Revenue, USD Million, 2018-2030)
    • Hardware Codecs
    • Software Codecs
  • Global Audio Codec Application Outlook (Revenue, USD Million, 2018-2030)
    • Automobile
    • Television Sets
    • Smartphones and tablets
    • Desktop and laptops
    • Headphone, Headsets and Wearable devices
    • Gaming consoles
    • Others

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  • Our clientele includes a mix of audio codec market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global audio codec market , including forecasts for subscribers. This global databook contains high-level insights into Global audio codec market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global audio codec market size, by regions, 2018-2030 (US$M)

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