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Global Audio Codecs Market Report, 2022-2024 and 2030 – Efforts Focus on Developing Wireless Audio Codec Standard to Improve Fidelity

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10 months ago

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DUBLIN, Feb. 26, 2024 /PRNewswire/ — The “Audio Codecs – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global audio codecs industry is on a steadfast growth trajectory, with current evaluations documenting a robust US$6 Billion in 2022 and projections estimating an impressive ascent to US$8.8 Billion by the year 2030. This growth reflects a compounded annual growth rate (CAGR) of 4.9% within the assessment period extending from 2022 to 2030.

Hardware Segment to Achieve Substantial Growth

Substantive analysis within the comprehensive report sheds light on varied segments, notably revealing that hardware is slated to expand at a CAGR of 4.7%, potentially reaching a remarkable US$6.6 Billion by the close of the analysis tenure. As the industry navigates a post-pandemic landscape, the software component of audio codecs is anticipated to adapt with a reinvigorated 5.6% CAGR throughout the subsequent 8-year interval.

Geographical Market Insights

The United States, with its advanced technological infrastructure, boasts an audio codecs market valued at US$1.6 Billion in 2022. On the other end of the spectrum, China—a dominant force in the global economy—is tipped to climb at an 8.2% CAGR, propelling its market size to US$1.9 Billion by 2030. This significant growth is partially attributed to China’s progressive relaxation of its zero-Covid policy and the anticipated ‘bumpy’ yet optimistic economic reawakening. Other geographical markets, such as Japan and Canada, are projected to showcase growth at 2.5% and 4%, respectively, within the same period. Germany emerges within the European context with a forecasted 3.2% CAGR.

Current Market Dynamics and What’s New?

The report collates data and insights on a spectrum of vital factors influencing the market’s progress, including deep-dive analysis of the effects stemming from the ongoing Russia–Ukraine conflict, global inflationary pressures, supply chain perturbations, intensifying global trade tensions, and the looming threat of a recession.

This meticulously crafted report features:

An assessment of the global competitive landscape, including key competitors’ market sharesDetailed evaluation of market presence across multiple geographies from strong and active to niche and trivial standingsInteractive, peer-to-peer collaborative updates provided through a state-of-the-art digital platform, ensuring clients stay informed with the latest industry developments

MARKET TRENDS & DRIVERS

Rising Adoption of Smartphones and Tablets: A Growth Opportunity for Audio Codecs MarketGlobal Smartphone Shipments in Million Units for the Years 2016 through 2024Global Shipments of Tablets in Million Units for 2014 through Q1 2019Smartphone Audio Codecs Market: Rising Adoption of Smartphones Drives GrowthGlobal Smartphone Audio Codecs Market: Percentage Breakdown of Revenues by Hardware and Software for 2019With Smartphones Use Rising, Need for High-Quality Voice Calls Drives Need for a Superior Audio CodecGrowing Internet Penetration Rates, Massive Increase in Data Traffic, and Rise in Mobile Subscriptions: Opportunity for Audio Codec MarketGrowing Sales of Bluetooth-driven Devices and Bluetooth’s Popularity as a Technology for Wireless Audio Streaming Fuels Demand for Advanced Audio CodecsGlobal Bluetooth Speakers Market: Annual Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025With Wireless Set to be the Future of Headphones, Efforts Focus on Developing Wireless Audio Codec Standard to Improve FidelityEnhancing Performance with Modified SBC codec (mSBC)Fraunhofer Institute Discontinues MP3 FormatWith MP3 Discontinued, Audio Codec Supporting Fully Lossless, Multi-use, High resolution, Open and Secure Parameters to Emerge as the StandardFraunhofer’s Object-Based Audio Codec Emerges as the Future of Immersive SoundFraunhofer’s Enhanced Voice Services (EVS) Standard: Promise of Unprecedented Voice Call QualityFLAC: A High-Definition MP3 FormatxHE-AAC: A Codec Designed for Adaptive Streaming and Digital RadioInnovations & AdvancementsMicrochip Technology Unveils Bluetooth 5.0 Audio SoC for Enabling High Resolution Wireless AudioQualcomm Unveils Qualcomm Aqstic Audio Codecs for SmartphonesDialog’s DA740x Highly-Integrated Audio Codec Chips: Providing a Mix of Noise Cancellation and Low Power Consumption AdvantagesAudio Codec Formats

FOCUS ON SELECT PLAYERS (Total 32 Featured)

Analog Devices, Inc.Cirrus Logic, Inc.Dolby Laboratories, Inc.DSP Group, Inc.Fraunhofer IIS Development Center for X-ray TechnologyMaxim Integrated Products, Inc.Qualcomm, Inc.Realtek Semiconductor Corp.STMicroelectronicsTechnicolor SATexas Instruments, Inc.Xiph.Org Foundation

For more information about this report visit https://www.researchandmarkets.com/r/u63ssq

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Research and Markets
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Fangzhou Inc. Honored as an “Outstanding Innovation Firm” by Yangcheng Evening News

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December 27, 2024

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GUANGZHOU, China, Dec. 27, 2024 /PRNewswire/ — Fangzhou Inc. (“Fangzhou” or the “Company”) (06086.HK), a leader in Internet healthcare solutions, was honored as an “Outstanding Innovation Firm” at the “Precision Engineering: 2024 Technology Pioneers Gala” held by Yangcheng Evening News on December 13th. Fangzhou garnered recognition for its significant milestones in 2024, including a successful listing on the Main Board of the Hong Kong Stock Exchange, and its role in spearheading the ongoing digital transformation of China’s healthcare sector.

Dr. Xie Fangmin, founder, chairman, and CEO of Fangzhou, remarked, “We are thrilled to receive this award from Yangcheng Evening News as an ‘Outstanding Innovation Firm’. Adhering to our corporate mission of ‘Better Health for All’, we will continue to cultivate a bold vision for the future of the Internet healthcare sector.”

2024 has been a significant year in Fangzhou’s development journey. Following its IPO in July 2024, the Company received commendation from the Guangzhou Municipal People’s Government for its contributions in advancing the digital transformation of the healthcare industry and enhancing public health. In October, Fangzhou was featured on the 2024 Guangdong “AI Catalyst” Enterprise Billboard at the 2024 Guangdong-Hong Kong-Macao Greater Bay Area Artificial Intelligence Industry Conference. More recently, the Company launched its ” AI Agent Solution” in November 2024 in partnership with Tencent Healthcare and Baidu Health, providing more efficient access to healthcare information and analysis for both consumers and healthcare professionals.

About Fangzhou Inc.

Fangzhou Inc. (06086.HK) is China’s leading online chronic disease management platform. With 45.6 million registered users and 217,000 registered doctors on its platform (as of June 30, 2024), the Company provides tailored medical care and precision medicine for a growing population of chronic disease patients. For more details, visit https://investors.jianke.com.

About Yangcheng Evening News

Yangcheng Evening News, first published in October 1957, was among the first broadly distributed evening newspapers established after the founding of People’s Republic of China. Produced in Guangzhou as the flagship publication of the Yangcheng Evening News Group, the newspaper has built a strong reputation for its critical and independent perspective, delivering engaging news coverage on a variety of topics that resonate with people’s daily lives.

Media Contact

For further inquiries or interviews, please reach out to:
Xingwei Zhao Associate Director of Public Relations Email: pr@jianke.com 

Disclaimer: This press release contains forward-looking statements. Actual results may differ materially from those anticipated due to various factors. Readers are cautioned not to place undue reliance on these statements

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SOURCE Fangzhou Inc.

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XCMG Launches Used Equipment Certification to Drive Sustainable Development in Construction Machinery

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5 minutes ago

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December 27, 2024

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XUZHOU, China, Dec. 27, 2024 /PRNewswire/ — XCMG Machinery (“XCMG”, SHE: 000425) has officially launched the XCMG Certified Used Equipment brand, marking a significant milestone in the development of its circular business. This initiative reflects XCMG’s commitment to addressing industry challenges, promoting green circular economy principles, and accelerating the transition toward sustainable development and carbon neutrality.

In recent years, China’s construction machinery industry has made remarkable strides. Leveraging its deep technological expertise, extensive manufacturing experience, and well-established brand influence, XCMG has established its official certified used equipment brand. This initiative aims to empower industry transformation, enhance the lifecycle value of signature equipment, and offer customers comprehensive quality and service guarantees across the value chain.

At the recent bauma China Exhibition, XCMG and Ritchie Bros. co-hosted a used equipment auction, showcasing over 300 fully inspected and refurbished units from 16 XCMG product categories, including cranes, excavators, mining equipment, compactors, loaders, concrete machinery, and piling equipment. These units were launched on the Ritchie Bros. website, symbolizing a new chapter in the used equipment market.

In line with its vision to become the world’s premier service brand, XCMG also introduced the XCMG TrueCare (“TrueCare”) service brand. TrueCare embodies XCMG’s unrelenting pursuit of integrated solutions, aligning with the Solid to Succeed brand philosophy. The service brand is designed to deliver cutting-edge innovations, stringent quality control, and efficient services, empowering customers to maintain a competitive edge in global markets.

“This initiative will extend the value chain, foster innovation, and elevate XCMG to new heights as a globally recognized brand,” said Liu Jiansen, vice president of XCMG.

The five core missions of XCMG TrueCare are:

Swift: A global service network ensures rapid response to customer needs to minimize downtime.Optimal: Integration of XCMG’s five advanced digital management systems delivers tailored solutions to enhance operational efficiency.Long-term: TCO service models, including extended warranties and certified pre-owned programs, provide full lifecycle care and build lasting customer relationships.Intelligent: Comprehensive smart solutions address customer-specific requirements through the integration of R&D, production, supply, sales, and service.Dedicated: A global call center and a professional team provide 24/7 support, ensuring efficient equipment operation and 100% customer satisfaction.

With these strategic advancements, XCMG is poised to redefine industry standards, driving the adoption of sustainable practices and reinforcing its leadership in the global construction machinery market.

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Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (25 December 2024)

Published

2 hours ago

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December 27, 2024

By

STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 December 2024 at 09:00 EET

HELSINKI, Dec. 27, 2024 /PRNewswire/ — Stora Enso Oyj received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 27 December 2024.

On 25 December 2024, BlackRock’s holding in Stora Enso’s shares decreased below the 5 percent threshold.

% of shares and voting rights (total of 7.A)

% of shares and voting rights through financial instruments (total of 7.B)

Total of both in % (7.A + 7.B)

Resulting situation on the date on which threshold was crossed or reached

4.76% shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

5.04% shares

Below 5% voting rights

Position of previous notification (if applicable)

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

 

A: Shares and voting rights

Class/type of shares

ISIN code (if possible)

Number of shares and voting rights

% of shares and voting rights

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

FI0009005961

37,609,170  shares

Below 5% voting rights

4.76% shares Below 5% voting rights

SUBTOTAL A

37,609,170 shares

Below 5% voting rights

4.76% shares

Below 5% voting rights

B: Financial Instruments according to SMA 9:6a

Type of financial instrument

Expiration date

Exercise/Conversion Period

Physical or cash settlement

Number of shares and voting rights

% of shares and voting rights

American Depositary Receipt (US86210M1062)

N/A

N/A

Physical

596,930 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

Securites lent

N7A

N/A

Physical

1,036,720 shares

Below 5% voting rights

0.13% shares

Below 5% voting rights

CFD

N/A

N/A

Cash

563,510 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

SUBTOTAL B

2,197,160 shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

 

Stora Enso has two series of shares. Each A share and every ten R shares carry one vote. Stora Enso has 175,664,079 A shares and 612,955,908 R shares in issue. The Company does not hold its own shares. The total number of Stora Enso shares is 788,619,987 and the total number votes at least 236,959,669.

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

Stora Enso

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

STORA ENSO OYJ

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj–notification-of-change-in-holdings-according-to-chapter-9–section-10-of-the-finnish,c4086606

The following files are available for download:

https://mb.cision.com/Main/13589/4086606/3189711.pdf

STORA ENSO Class R_2024-12-25_Issuer

 

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SOURCE Stora Enso Oyj

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