Global AI Audio and Video SoC Market Research Report: Information By Product (Pyrotechnic Flares, Pyrophoric Flares, and Others), By Technology (Fixed Wing and Rotary Wing), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032.
The report offers the value (in USD Billion) for the above segments.
According to a new report by IMIR Market Research on Global AI Audio and Video SoC Market Size was valued at USD 4.9 Billion in 2022. The AI Audio and Video SoC market industry is projected to grow from USD 8.1 Billion in 2023 to USD 450.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 45.1% during the forecast period (2023 - 2032).
AI Audio and Video SoC Market Size was valued at USD 5.1 Billion in 2022. The AI Audio and Video SoC market industry is projected to grow from USD 7.6 Billion ...
The adoption of autonomous vehicles is expanding, along with the digitization trend, the frequency of cyber attacks, and the adoption of cutting-edge technologies, are the key market drivers enhancing the market growth.
The AI Audio And Video Soc market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the AI Audio And Video Soc market.
The use of autonomous vehicles is transforming how people live, work, and commute while also enhancing road safety and efficiency. It takes a great amount of processing power and knowledge of large-scale manufacturing software to achieve these revolutionary benefits. The SoCs used in self-driving cars contain cameras and other Lidar sensors. Autonomous vehicles can analyze massive amounts of sensor data and make driving decisions in real-time thanks to this video-processing SoC.
Thanks to developments in SoC technology, high-end programs like Adobe Premiere Pro, Illustrator, Photoshop, and Autodesk Maya now run on a variety of CPUs without the need for dedicated graphics cards, enormous quantities of RAM, or complicated cooling systems. In previous computers, the RAM, storage, and network components were often separated and placed in different parts of the motherboard. These components individually process the data before returning it to the CPU. It takes time to finish the entire process. All processes are carried out simultaneously by a single chip, or SoC, which satisfies consumer demand for high-performance electronics with long battery lives, such as laptops, smartphones, and tablets. The market is predicted to expand as a result in the near future.
The rise in the trend of digitization along with the global expansion of the information technology (IT) industry is one of the main drivers of the system-on-chip (SoC) market. Deep learning algorithms can automatically intercept available data points, which improves the effectiveness and accuracy of the decision-making process. Due to the increase in cyberattacks, which is forcing companies to adopt fraud detection technologies, cybersecurity, and database management, the industry is expanding quickly. The combination of big data analytics and cloud computing to offer better services to diverse sectors has an even greater impact on the industry. Research and development (RandD) activities help to improve deep learning processing solutions. The system-on-chip (SoC) market also benefits from increased urbanization, changing lifestyles, a surge in investments, and increased consumer spending.
To accommodate the requirements of the most widely used Advanced Driver Assistance Systems (ADAS), a highly optimized and extendable family of components known as an ADAS-based system-on-chip (SoC) is developed. On this SoC, numerous channels are used as dedicated hardware. It can transform data from cameras into panoramic stereoscopic video that can be viewed from various perspectives and generates clear HD video, among its many other features. This enables the employment of surround monitoring systems, object detection, and the ability to recognize images, such as those of persons crossing a road. SoC is expected to become more necessary in the automotive and transportation industries as a result. Thus, driving the AI Audio and Video SoC market revenue.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the AI Audio and Video SoC market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The AI Audio and Video SoC sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide AI Audio and Video SoC industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the AI Audio and Video SoC sector. Major players in the AI Audio and Video SoC market, including Big Fish, Qualcomm, Dolphin Design, Synaptics Incorporated, Axis Communications AB, Nvidia, Intel, IBM, Kneron, Atlazo Inc., Ambarella, Silicon Labs, MediaTek Inc, and Socionext, are attempting to increase market demand by investing in research and development operations.
Wearable technology, smartphones, tablets, and personal computers are all produced, sold, and created by Apple Inc. (Apple). The company additionally offers accessories, software, connected services, and digital content from third parties. Among Apple's product lines are the iPhone, iPad, Mac, iPod, Apple Watch, and Apple TV. iCloud, AppleCare, Apple Pay, iOS, macOS, iPadOS, and watchOS are just a few of the consumer and commercial software applications it offers. Apple offers and distributes digital material and programs via the App Store, Apple Arcade, Apple News+, Apple Fitness+, Apple Card, Apple TV+, and Apple Music. Cloud services, financial services, and advertising services are also provided by the company. The corporation has a commercial presence throughout the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Apple is based in Cupertino, California, a city in the United States. The M1 Ultra system-on-chip from Apple, which has twice as many processing and graphics cores as the M1 Max from 2021, was released in March 2022.
Qualcomm Inc. creates and develops wireless telecommunications equipment and services. System software and integrated circuits for mobile phones and other wireless products are sold by the company. Its product portfolio consists of integrated circuits for radio frequency transceivers, cellular modems, consumer wireless devices, power management, and wireless connection. Mobile phones, laptops, tablets, cellular handsets, cameras, servers, routers, access points, wearable technology, voice and music devices, gateway equipment, consumer electronics, desktop computers, and Internet of Things (IoT) devices are just a few of the devices that use the company's products. Among the markets the company operates in are Brazil, China, Germany, Singapore, India, Japan, Taiwan, South Korea, and the US. Qualcomm's global headquarters are in San Diego, California. In January 2022, Qualcomm Technologies, Inc. revealed the Snapdragon Ride Vision System, a new open, scalable, and modular system-on-chip (SoC) for computer vision that is based on a four-nanometer (4nm) process technology. It is designed for an optimized installation of front and surround cameras for automatic driving (AD) and advanced driver assistance systems (ADAS).
AI Audio and Video SoC Product Outlook
AI Audio and Video SoC Technology Outlook
AI Audio and Video SoC Product Insights
The global AI Audio and Video SoC market segmentation, based on Product, includes AI audio SoC, AI video SoC, and AI audio video integrated SoC. AI audio SoC segment accounted for the largest revenue share in 2022. The growing demand for goods with voice-activated digital assistants is the primary driving force behind the development of AI audio SoC. As voice-enabled apps, such as smart assistants, with features like voice commands and voice search, become more and more popular, smart processing and sensing designs are becoming more and more widespread.
AI Audio and Video SoC Technology Insights
The global AI Audio and Video SoC market segmentation, based on Technology, includes automotive, industrial, smart home, consumer electronics, and others. Smart home segment dominated the global AI Audio and Video SoC market in 2022. The rise in the use of voice assistant devices and smart speakers is the primary driver behind the segment's expansion. In FY 2021, 186 million smart speakers will reportedly be shipped globally, according to Statista. The increased acceptance of smart home technologies is the cause of this rise in usage. The two main markets for smart speakers are the US and China.
AI Audio and Video SoC Regional Insights
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America AI Audio and Video SoC Market dominated this market in 2022 (45.80%). This might be brought on by the growing interest in automated vehicles in the area. There are many benefits to automated vehicles. Driver distraction, which accounts for the majority of highway fatalities, will be decreased by fully autonomous vehicles. The US National Highway highway Safety Administration (NHTSA) estimates that human error or poor driving judgments account for 94% of highway deaths. 42,900 motorists lost their lives on American roads in 2021, demonstrating the enormous humanitarian potential of a capable self-driving system. Further, In the North American area, the U.S. AI Audio and Video SoC market had the biggest market share, while the Canada AI Audio and Video SoC market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
In 2022, the AI Audio and Video SoC market in Europe held a sizable market share. Increased digitization, IoT adoption, advanced analytics & server performance, and continued investments in cutting-edge workstations and servers employing 5G technologies are all contributing to the market's growth. Further, In the European region, the German AI Audio and Video SoC market had the biggest market share, and the U.K. AI Audio and Video SoC market had the quickest rate of growth.
From 2023 to 2032, it is anticipated that the Asia Pacific AI Audio and Video SoC market will experience rapid expansion. The increased demand for SoCs in the information technology, telecommunications, and consumer electronics industries is to blame for this. System-on-chips are widely used in consumer electronics, Bluetooth headsets, fitness trackers, smartwatches, tablets, laptops, and other electronic products in the region. Moreover, In the Asia-Pacific region, the Indian AI Audio and Video SoC market had the quickest rate of growth while China's AI Audio and Video SoC market had the greatest market
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AI Audio And Video Soc Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
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