Market Size of Audio Amplifier Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.90 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Audio Amplifier Market Analysis
The Audio Amplifier Market is expected to grow at a CAGR of 5.9% over the forecast period 2021 to 2026. The increasing use of smartphones to stream music and home-enabled smart speakers has been fueling the adoption of audio amplifiers. Further, with continuous progress in the technology of smartphones, tablets, PCs, and speakers, the allied performance of the audio amplifier market is thus, creating high demand among the consumers, which gives optimum opportunities for the growth of the audio amplifier market.
- Similarly, as per the growing consumer electronics segment, in January 2020, HELM Audio and THX partnered to develop an amplification solution for portable devices. The advancement of portable audio was resorted by leveraging THX Certified mobile headphone amplifier. The HELM DB12 AAAMP Mobile Headphone Amplifier has been developed to fit in the user's hand along with a plug-and-play amplifier. The additional features highlight working with a pair of 3.5mm wired headphones with +12 dB of zero distortion volume gain and improved stereo imaging and clarity.
- Also, commercial events or professional applications across 2019 have been boosting the adoption of audio amplifiers. For instance, Schottenhamel, an attendant to Munich's famous Oktoberfest, upgraded its sound system for the 2019 event. The company resorted to Electro-Voice and Dynacord by bringing in an XLD line-array loudspeaker system from Electro-Voice, while Dynacord IPX amplifiers were used to power the enhanced audio system. Also, with a shift to Dynacord IPX10:8 amplifiers, advantages highlighted were the eight-channel amplifier format, along with signal processing and zone allocation.
- Further with an increase in developments across advanced and power-efficient electronic products led the Automotive Applications to drive Class D Audio Amplifier Performance. The Class D audio power amplifier has been regulated to cater to low-end applications while delivering performance equal to that of Class AB counterparts.
- In February 2020, JL Audio introduced the JD Series car audio amplifier line-up. The four models are inclusive of three monoblock subwoofer amplifiers and a four-channel full-range amplifier. The company has developed the same by combining its NexD Class-D technology to feature advanced auto turn-on, clipping indicator for accurate level setting, to name a few.
- Similar developments have been witnessed across other players as well. For instance, in May 2020, Yamaha expanded its Premium Hi-Fi Family of Audio Components with the addition of A-S Series of Integrated Amplifiers. Allied models, A-S1200, A-S2200, and A-S3200 integrated amplifiers are compatible with the company's 5000 Series of speakers, amps, pre-amps, and turntable, thus, enabling the music industry to leverage a complete line-up of Hi-Fi audio components from the company.
- Likewise, Crestron launched a new line of X Series modular audio amplifiers at ISE 2020, which particularly aimed at meeting spaces and classrooms of varied sizes. The company's modular amplifiers are 1 RU high, including the AMP-X300 (1/2-space wide) and AMP-X50MP (1/4-space wide) to be connected with any other modular amplifier for larger applications in case, more power is needed.
- Increasing product launches in the wake of offering mission-critical applications led JL Audio to introduce MVi Marine Amplifiers with Integrated DSP. JL's "MVi" line of networkable DSP amplifiers for the marine industry feature built-in tuning power, reference-grade audio performance, and better installation flexibilities. A total of eight models were announced to adhere to boatbuilders' and boat owners' needs. This further addresses the challenges of boats and ships in achieving optimal sound quality from an audio system.
- The impact of COVID-19 on the audio amplifier market is gloomy as the consumer electronics industry is badly affected and is likely to continue to have serious ramifications for the future availability of consumer electronics. With the looming supply chain problem, the growth of the market is expected to slow down.
Audio Amplifier Industry Segmentation
An audio amplifier is an electronic amplifier, which amplifies low-power electronic audio signals, such as the signal from a radio receiver to a level that is high enough for loudspeakers or headphones. It is an integrated circuit (IC) inserted in an electronic device, which is used to increase the amplifier-sound from low power electronic audio signal to high level audio signal. It is mostly used in sound systems, such as home audio systems, musical instruments systems, loudspeakers, and sound reinforcement.
By Channel | |
2-Channel | |
4-Channel | |
Other Channels (6-Channel, 8-Channel, and Mono) |
By End-user Industry | |
Consumer Electronics | |
Automotive (Car Audio Systems) | |
Telecommunications (Broadcasting) | |
Other End-user Industries |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Rest of the World |
Audio Amplifier Market Size Summary
The audio amplifier market is experiencing significant growth, driven by the increasing integration of audio amplifiers in consumer electronics such as smartphones, tablets, and smart speakers. The advancement in technology and the demand for high-quality sound systems are creating ample opportunities for market expansion. Collaborations and innovations, such as HELM Audio and THX's portable amplification solution and JL Audio's JD Series car audio amplifiers, highlight the industry's focus on enhancing audio experiences. The market is also witnessing developments in professional audio applications, as seen in the upgrades for events like Oktoberfest, and the introduction of modular amplifiers by companies like Crestron for varied applications. Despite the positive growth trajectory, challenges such as high energy consumption and supply chain issues due to the COVID-19 pandemic are impacting the market's momentum.
The Asia-Pacific region is projected to lead the market growth, fueled by rising disposable incomes, increased adoption of consumer electronics, and advancements in infrastructure and technology. The presence of major consumer electronics companies and the availability of low-cost labor in countries like China and India are boosting manufacturing capabilities. The region's automotive industry is also contributing to market growth by integrating advanced audio amplifiers into infotainment systems. The market's fragmented nature encourages companies to focus on innovation and strategic partnerships to enhance their product offerings and capture a larger market share. Key players in the market include Yamaha Corporation, Kenwood Corporation, and Harman International, among others, who are actively engaging in collaborations and product developments to meet evolving consumer demands.
Audio Amplifier Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview (Inclusive of Impact of COVID-19)
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Analysis on Power Supply and Different Audio Amplifier Classes (A, AB, D, etc.)
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1.4 Impact of GaN FET on the Audio Amplifier (To include coverage on GaN-based Amplifier Product Launches, allied IC-based developments, and Technical Implications, among others.)
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2. MARKET SEGMENTATION
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2.1 By Channel
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2.1.1 2-Channel
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2.1.2 4-Channel
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2.1.3 Other Channels (6-Channel, 8-Channel, and Mono)
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2.2 By End-user Industry
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2.2.1 Consumer Electronics
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2.2.2 Automotive (Car Audio Systems)
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2.2.3 Telecommunications (Broadcasting)
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2.2.4 Other End-user Industries
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Rest of the World
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Audio Amplifier Market Size FAQs
What is the current Audio Amplifier Market size?
The Audio Amplifier Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)
Who are the key players in Audio Amplifier Market?
Yamaha Corporation, Kenwood Corporation, Krell Industries LLC, Harman International (Crown) and Bryston Ltd are the major companies operating in the Audio Amplifier Market.