The North America Audio Amplifier Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030).
An electronic device's integrated circuit (IC), an audio amplifier, transforms a low-power electronic audio signal into a high-level audio signal. The majority of its applications are in audio systems for homes, musical instrument systems, loudspeakers, and sound reinforcement. An amplifier aims to increase signal vibrations to their highest level while maintaining their original frequency or wavelength.
Having an audio amplifier has several benefits. Audio amplifiers offer amplification, allowing audio content to be reproduced at higher volume levels, making it suitable for large areas, events, or individual listening preferences. By boosting weak signals and lowering distortions and noise, amplifiers also aid in improving the clarity and fidelity of audio transmissions. The amplifiers maintain the speakers' fidelity and quality, which also provide the required power to drive the speakers, resulting in an interesting and distinctive listening experience.
The rising need for energy-efficient products is a significant development in the region, driving the adoption of the smart home solution. The US Energy Information Administration estimates that in 2021, the typical family in the US used 97.33 quadrillion BTUs of energy, with a considerable amount of the energy going to waste. In 2019, the typical home used energy that contributed to 17,320 lbs of CO2 emission. To put this figure in perspective, consider that the average home produces 70% more CO2 emissions yearly than the typical passenger car. These situations cater to the need for smart home solutions.
Smart speakers are also necessary because they offer a brand-new interactive digital endpoint in the house to which more than one-third of US consumers currently have access. Market leaders like Amazon and Google may use this digital endpoint to create speech apps for third parties. The popularity of video conferencing has fueled the development of smart speakers with displays. The market is expected to increase significantly due to the rising demand for such smart home appliances.
The US market dominated the North America Audio Amplifier Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,244.1 million by 2030. The Canada market is experiencing a CAGR of 7.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.3% during (2023 - 2030).
Based on Class, the market is segmented into Type D, Type AB, Type A, Type B, and Others. Based on Channel, the market is segmented into 2-Channel, 4-Channel, Mono, and Others. Based on End Use, the market is segmented into Smartphone, Desktops & Laptops, TV Sets, Automotive Infotainment Systems, Tablets, Home Audio Systems, and Professional Audio Systems. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Audio Amplifier Market is Projected to reach USD 6.4 Billion by 2030, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, Yamaha Corporation, NXP Semiconductors N.V., Cirrus Logic, Inc., JVCKENWOOD Corporation, Texas Instruments, Inc., Analog Devices, Inc., ON Semiconductor Corporation, STMicroelectronics N.V. and QUALCOMM Incorporated (Qualcomm Technologies, Inc.).
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