Market Overview:
The Global AI Audio and Video SoC Market size is expected to grow from USD 2.1 billion in 2022 to USD 4.77 billion by 2030, at a CAGR of 10.8% during the forecast period (2023-2030).
Artificial intelligence (AI) has become one of the most exciting technologies as a result of recent technological developments. System-on-chip (SoC) architectures must be redesigned by semiconductor businesses in order to support better scalable levels of performance, flexibility, efficiency, and integration. A SoC is an integrated circuit (IC) that houses all of the electronic circuits and components needed for a particular device, like a smartphone or wearable computer. An audio receiver, an analog-to-digital converter (ADC), a microprocessor, memory, and user input/output logic control might all be found on a single-chip SoC for a sound-detecting device.
Top Key Players for AI Audio and Video SoC Market:
Big Fish, Qualcomm, Dolphin Design, Synaptics Incorporated, Axis Communications AB, Nvidia, Intel, IBM, Kneron, Atlazo Inc., Ambarella, Silicon Labs, MediaTek Inc, Socionext, and Other Major Players.
Market Dynamics and Factors for AI Audio and Video SoC Market:
Drivers:
The Need for Audio Systems with Low Power and High Accuracy
People grumbled about loudness in the workplace even before the pandemic without comprehending how hazardous it was. According to Steelcase, background noise harms cardiovascular illness, hypertension, tinnitus, hearing loss, and sleep difficulties. It's the ideal opportunity to address any ignored workplace sound concerns that harm people's physical, emotional, and cognitive well-being as workers leave their home offices and report to work in a post-COVID environment. As a result, the use of AI Audio and Video SoC is required to address these concerns, which is likely to drive market growth over the forecast period.
Opportunities:
The Tremendous Growth of Smart Appliances Brought On By Trends in Smart Homes
In addition to performing standard tasks like turning off lights, dimming lights, and closing curtains, smart homes are capable of carrying out complex actions like immediately lighting up exit routes in the event of a fire alert. Security cameras, utility meters, and thermostats are just a few examples of domestic appliances whose connectivity has evolved into a high-end novelty. In the upcoming years, it is projected that connectivity will spread more widely and potentially become a norm in almost all appliances and equipment used in homes.
Segmentation Analysis of the AI Audio and Video SoC Market:
By Product Type, the AI audio SoC segment is anticipated to have the highest share of the market over the analysis period. With the increasing adoption of voice-enabled applications such as smart assistants, including features such as voice commands and voice search, smart processing, and sensing designs are proliferating. The growing popularity of voice-activated digital assistant devices is the major driving force for the development of AI audio SoC.
By Application, the smart home segment is expected to lead the development of the AI audio and video SoC market over the analysis period. The increase in the adoption of voice assistant devices and smart speakers is the major driving force behind the segment’s growth. This rise in the adoption rate is attributed to the rising popularity of smart home technology.
Regional Analysis of the AI Audio and Video SoC Market:
Automated vehicles are becoming more and more popular in North America, it is predicted that the region will hold the largest share of the AI Audio and Video SoC market over the analysis period. Automation in vehicles has a number of advantages. The bulk of highway fatalities are caused by driver distraction, which fully autonomous vehicles will help to prevent. 94% of traffic fatalities, according to the US National Highway Traffic Safety Administration (NHTSA), are caused by human error or poor driving decisions. A smart self-driving system has immense humanitarian potential, as around 42,900 drivers died on American roads in 2021.
Key Industry Development:
In March 2022, Lucid Motors announced that it will use Nvidia's auto-grade computer chips in its vehicles to allow advanced driver assistance and autonomous driving features. The present and upcoming models from the manufacturer will be built on the Drive Hyperion platform from Nvidia. The chipmaker's SoC, called Orin, is comparable to Intel's Mobileye EyeQ and Tesla's Full Self-Driving chip.
For this report, Introspective Market Research has segmented the Dog Food Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
