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Audio Driver IC Market size is set to grow by USD 4.89 billion from 2024-2028, Increasing penetration of smart devices to boost the market growth, Technavio

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NEW YORK, June 28, 2024 /PRNewswire/ — The global audio driver IC market size is estimated to grow by USD 4.89 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 19.94% during the forecast period. Increasing penetration of smart devices is driving market growth, with a trend towards popularity of wireless streaming of audio content. However, increasing competition among vendors poses a challenge. Key market players include ams OSRAM AG, Analog Devices Inc., Asahi Kasei Microdevices Corp., Bang and Olufsen Group, Cirrus Logic Inc., ESS Technology Inc., Infineon Technologies AG, Monolithic Power Systems Inc., NXP Semiconductors NV, ON Semiconductor Corp., Princeton Technology Corp., Qualcomm Inc., Realtek Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Silicon Laboratories Inc., STMicroelectronics International N.V., Synaptics Inc., Texas Instruments Inc., and Toshiba Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Consumer electronics, Telecommunication, and Automotive), Type (Mono channel, 2-channel, 4-channel, and 6-channel), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

ams OSRAM AG, Analog Devices Inc., Asahi Kasei Microdevices Corp., Bang and Olufsen Group, Cirrus Logic Inc., ESS Technology Inc., Infineon Technologies AG, Monolithic Power Systems Inc., NXP Semiconductors NV, ON Semiconductor Corp., Princeton Technology Corp., Qualcomm Inc., Realtek Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Silicon Laboratories Inc., STMicroelectronics International N.V., Synaptics Inc., Texas Instruments Inc., and Toshiba Corp.

 

Key Market Trends Fueling Growth

The audio driver IC market has experienced significant growth due to the adoption of wireless technology. These components enable the transmission of data, including multimedia content, and sound signals from devices to wireless headphones. Apple Inc.’s decision to remove the headphone jack from smartphones is anticipated to boost demand for audio driver ICs. Key features, such as noise filtering, long-distance operations, multitasking, high-quality audio, and reliability, make audio driver ICs a preferred choice for consumers. 

The Audio Driver IC market is experiencing significant growth due to the increasing demand for high-quality audio systems in various applications. Smartphones, computers, and home theaters are some of the major sectors driving this trend. Advanced features such as surround sound, noise cancellation, and voice recognition are becoming increasingly popular. Devices are also becoming more compact and power-efficient, making them more accessible to consumers. Companies are investing in R&D to develop more advanced and cost-effective solutions. The market is expected to continue growing in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The audio driver IC market is experiencing heightened competition due to an influx of new vendors, particularly from APAC. While technological expertise is not a significant barrier to entry, this increased competition is leading to price wars. Vendors are striving to offer competitive prices for audio driver ICs, resulting in a downward trend in average selling prices. This price pressure is negatively impacting revenue growth for vendors and, consequently, the market expansion rate during the forecast period. Global players like Microchip Technology, Synaptic, and Cypress Semiconductor face competition from companies such as Analog Devices and Infineon Technologies.The Audio Driver IC market faces several challenges in its development. Devices require high-quality audio output, driving the need for advanced ICs. However, integrating these ICs into various systems can be complex, especially with the increasing use of multiple audio formats. Compatibility issues between different ICs and operating systems also pose a challenge. Additionally, the market is competitive, with numerous players vying for market share. Cost pressure from consumers and the need for continuous innovation further complicate matters. Procurement processes can also be lengthy and complex, adding to the challenges. Despite these hurdles, the Audio Driver IC market continues to grow, driven by consumer demand for better audio experiences.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This audio driver ic market report extensively covers market segmentation by

Application 1.1 Consumer electronics1.2 Telecommunication1.3 AutomotiveType 2.1 Mono channel2.2 2-channel2.3 4-channel2.4 6-channelGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Consumer electronics- The global audio driver IC market is experiencing significant growth due to the increasing popularity of smart consumer electronics. Audio amplifiers are essential components in these devices, including headphones, televisions, mobile phones, and home theater systems. Manufacturers prioritize user-friendly designs and consumer demands, leading to a surge in demand for advanced audio amplifiers. This trend is driven by technological advancements and rising disposable income, fueling the expansion of the consumer electronics sector.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Audio IC market encompasses the design, development, and production of integrated circuits (ICs) specifically engineered for audio applications. These ICs are integral to various devices, including smartphones, tablets, music players, and portable multimedia devices. In the realm of entertainment setups, they are employed in smart speakers, high-definition audio systems, and even automotive applications. Energy efficiency and device miniaturization are key considerations in the market, leading to the development of energy-efficient audio devices and the integration of audio ICs into smart home gadgets. The audio IC market caters to both the professional audio industry and consumer electronics, with applications ranging from amplification and sound processing to high-quality audio solutions in virtual and augmented reality systems.

Market Research Overview

The Audio Driver IC market encompasses the production and supply of integrated circuits (ICs) specifically designed for audio applications. These ICs enable devices to generate, process, and output sound. They are integral components in various electronic systems, including smartphones, computers, tablets, and home entertainment systems. The market for audio driver ICs is driven by the increasing demand for high-quality audio in consumer electronics. Additionally, advancements in technology, such as Bluetooth audio and voice recognition, are fueling growth in this sector. Applications for audio driver ICs range from simple beep tones to complex multi-channel surround sound systems. The market is expected to continue expanding as technology evolves and consumer expectations for audio quality rise.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationConsumer ElectronicsTelecommunicationAutomotiveTypeMono Channel2-channel4-channel6-channelGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Ricoh and LG Announce Global Partnership to Enhance Workplace Experience Solutions

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Expanding communication services capability in the global B2B market

TOKYO, Sept. 20, 2024 /PRNewswire/ — Ricoh Company, Ltd. today announced that it has concluded a memorandum of understanding (MOU) with LG Electronics (LG), a trusted partner offering innovative products and customized solutions for diverse industries worldwide, to collaborate on digital solutions for workplaces. Pairing Ricoh’s communication services and LG’s display products, this partnership will deliver B2B customers in the global market an elevated user experience and exceptional customer value. Through this partnership, Ricoh will further enhance its capability in the Workplace Experience domain, one of its growth areas, and it aims to be the top global audiovisual (AV) integrator.

Partnering with LG, Ricoh will strive to enhance its communication services in the Workplace Experience domain. Integration of high-quality devices such as signages and displays into Ricoh solutions will enrich Ricoh’s product and service portfolio and achieve a stable global supply. In addition, the two companies will jointly drive associated sales and marketing efforts and explore new business opportunities as the partnership unfolds.

Takahiro Irisa, Senior Corporate Officer and President of Ricoh Digital Services and Paik Ki-Mun, Senior Vice President and Head of the Information Display Business Unit of LG Business Solutions Company, present the signed memorandum of understanding.

As its mid-term vision, Ricoh aims to provide consistent global services as a workplace services provider in the changing workplace. In the Workplace Experience domain, Ricoh provides solutions enabling seamless collaboration in offices and other workplaces where hybrid work has become commonplace, enhancing people’s creativity. Ricoh empowers customers to focus on value adding, creative tasks and achieve organizational growth through its integrated solution propositions of hardware, software, and managed services that comfortably utilize them.

“The pairing of Ricoh’s office solutions with LG’s advanced display products will deliver impressive value to customers and further establish LG as one of the most trusted providers of integrated solutions in the B2B market,” said Paik Ki-Mun, Senior Vice President and Head of the Information Display Business Unit of LG Business Solutions Company. “LG will continue to pursue strategic partnerships with innovative global companies to create customized solutions for today’s business environment.”  

Takahiro Irisa, Senior Corporate Officer and President of Ricoh Digital Services Business Unit, Ricoh Company, Ltd. said “We firmly believe that this global strategic partnership with LG will accelerate Ricoh’s Workplace Experience business. Through the synergy between LG’s advanced display products and Ricoh’s communication services, we will continue to offer optimal workplace to our customers as a workplace services provider. Ricoh will continue to execute strategic partnerships to empower our customers to achieve fulfilment through work.”

 

 

| About Ricoh |

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support the digital transformation of workplaces, workspaces and optimise business performance.

Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organisational capabilities nurtured over its 85-year history. In the financial year ended March 2024, Ricoh Group had worldwide sales of 2,348 billion yen (approx. 15.5 billion USD).

It is Ricoh’s mission and vision to empower individuals to find ‘Fulfillment through Work’ by understanding and transforming how people work so we can unleash their potential and creativity to realise a sustainable future.

For further information, please visit www.ricoh.com

 

###

 

© 2024 RICOH ASIA PACIFIC PTE LTD. All rights reserved. All referenced product names are the trademarks of their respective companies.

 

 

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SOURCE Ricoh Asia Pacific Pte Ltd

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Wright, Moore, DeHart, Dupuis & Hutchinson Provides Notice of Data Security Incident

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LAFAYETTE, La., Sept. 19, 2024 /PRNewswire/ — Wright, Moore, DeHart, Dupuis & Hutchinson (“WMDDH”) has become aware of a data security incident that may have involved individuals’ personal information. WMDDH is providing notification to the potentially involved individuals about this incident, providing steps they can take to help protect their personal information, and offering the opportunity to enroll in complimentary credit monitoring and identity protection services.

What Happened. On or around July 11, 2023, WMDDH became aware of unusual network activity and immediately took steps to secure our systems. We launched an investigation with the assistance of leading cybersecurity experts to determine what happened and whether sensitive or personal information may have been affected during the incident. As a result of the investigation, we identified that certain WMDDH data may have been acquired without authorization. WMDDH then engaged an independent team to conduct a comprehensive review of all potentially affected data, and on May 8, 2024, that review determined that personal information may have been affected. WMDDH then worked diligently to identify contact information to effectuate notification and prepare the services being offered to affected individuals, as provided in more detail below. This process was completed on July 18, 2024.

What Information Was Involved. The information involved may have included individuals’ names, Social Security numbers, driver’s license numbers, financial account numbers, passport numbers, and/or medical/treatment information.

What We Are Doing. As soon as WMDDH learned of the incident, we took the measures described above and implemented additional security features to reduce the risk of a similar incident occurring in the future. We are also providing information about steps individuals can take to help protect their personal information.

Additionally, we are offering impacted individuals the opportunity to enroll in credit monitoring and identity protection services through Equifax®.

What You Can Do. Please review this notice carefully, along with the guidance included with this notice about additional steps that can be taken to protect your information.

WMDDH takes the security of information in its possession very seriously and has taken steps to prevent a similar event from occurring in the future. We deeply regret any concern or inconvenience this may cause.

Additional information is also available via WMDDH’s website.

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SOURCE Wright, Moore, DeHart, Dupuis & Hutchinson

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AIE Graduates create visual effects for Academy-nominated film

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NAWI, a feature film whose visual effects were created by graduates from the Academy of Interactive Entertainment (AIE), has been officially nominated by Kenya for entry into the 97th Academy Awards in the category of Best International Feature Film. NAWI is a heartfelt story about a young girl’s journey towards empowerment and aims to shed light on a pressing issue that affects countless young women in the Turkana region of Kenya.

CANBERRA, Australia, Sept. 19, 2024 /PRNewswire-PRWeb/ — NAWI, a feature film whose visual effects were created by graduates from the Academy of Interactive Entertainment (AIE), has been officially nominated by Kenya for entry into the 97th Academy Awards in the category of Best International Feature Film. NAWI is a heartfelt story about a young girl’s journey towards empowerment and aims to shed light on a pressing issue that affects countless young women in the Turkana region of Kenya.

“The film has a very important social message to tell so it was rewarding in many ways to be able to contribute to this project. NAWI was a fantastic opportunity for our graduates to put their skills to the test on a full-length feature film,” said Tom Pugh.

AIE graduates and teachers were given the opportunity to work on the film’s visual effects through AIE’s ongoing partnership with Learning Lions, who produced the film with Film Crew & Baobab Pictures. AIE is proud to support Learning Lions non-profit mission to enable young adults in marginalised rural communities of East Africa to become digital creatives by providing game development training and technology.

The visual effects for NAWI were brought to life by AIE teachers and experienced industry professionals, Thomas Magill and Tom Pugh, who were tasked with supervising the visual effects and liaising with the film’s Directors, Apuu Mourine, Kevin Schmutzler, Tobias Schmutzler and Toby Schmutzler. They assembled a team of recent AIE graduates and worked out how to create the effects required to immerse audiences in Nawi’s world.

“Graduates were able to take the skills they had learnt in class and apply them to cinema-quality footage. There was even a bit of nervous excitement working with professional expectations and deadlines,” said Tom Pugh.

Thomas Magill explained that most of the work involved compositing such as fixing blemishes, removing unwanted folds in clothing, changing pages in a book and removing background actors that were in the wrong place.

“We had a river shot where there was only a sandbank, and we had to create an entire island! There were several shots filmed in a dry riverbed which required us to create floodwater. We had to draw upon various disciplines: not just digital compositing but also visual effects creation and fluid simulations,” said Thomas Magill.

Both teachers enthused that the directors were a pleasure to work with and the collaboration was smooth.

“The film has a very important social message to tell so it was rewarding in many ways to be able to contribute to this project. NAWI was a fantastic opportunity for our graduates to put their skills to the test on a full-length feature film,” said Tom Pugh.

Learning Lions and AIE look forward to seeing NAWI progress through two rounds of voting by members of the Academy of Motion Picture Arts and Sciences to narrow the list of submitted films down to five nominees for the Best International Feature Film.

About Academy of Interactive Entertainment (AIE)

AIE offers practical, career-focused courses delivered by industry-experienced teachers in 3D animation, game development, visual effects and film. Since 2019 AIE has sponsored scholarships to their Certificate and Diploma programs to Learning Lions student. AIE provided laptops and is supporting with opportunities at various gaming companies around the world for paid part-time and full-time work.

https://aie.edu.au/

About Learning Lions

Learning Lions is fighting poverty with digital opportunity. Established in 2015, Learning Lions equips local youth with essential IT and media skills, and empowering them to become entrepreneurs and self-sustaining individuals. By leveraging digital services, these aspiring entrepreneurs not only support themselves but also provide opportunities for others through employment and mentorship.

https://www.learninglions.org/

Media Contact

Neil Boyd, Academy of Interactive Entertainment, 61 434273190, neilb@aie.edu.au, https://aie.edu.au/

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SOURCE Academy of Interactive Entertainment

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