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). 

The research, manufacturing, and distribution of integrated circuits intended to process and improve audio and video content using AI algorithms are all included in the AI (Artificial Intelligence) Audio and Video SoC (System-on-Chip) market. In order to enable sophisticated features like speech recognition, natural language processing, image enhancement, and object detection in audio and video devices, these SoCs include AI capabilities such as machine learning, neural networks, and computer vision. Applications for smartphones, smart speakers, security cameras, car infotainment systems, and virtual reality headsets are just a few of the many products offered by the sector. The market is expected to rise as a result of several factors, including the growing need for intelligent audio and video processing solutions, the development of AI technology, the expectation of consumers for immersive multimedia experiences, and the spread of IoT devices with AI built in.

Top Key Players Covered In 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.

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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. 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 rise in the adoption of voice assistant devices and smart speakers is the major driving force behind the segment’s growth.

By Product

  • AI Audio SoC
  • AI Video SoC
  • AI Audio Video Integrated SoC

By Technology   

  • Automotive
  • Industrial
  • Smart Home
  • Consumer Electronics
  • Others

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Restraints:

Individual SoC Components are not Upgradeable

An important drawback of a SoC is that it cannot be upgraded. It is theoretically possible to upgrade and detach the complete chip, but not the individual parts. This drawback stems from the fact that several parts are incorporated into a single system, making it impossible to remove any of them. Comparable to upgradeability, the device's total reparability is diminished by the inability to remove specific hardware parts. A broken system would be indicated by a damaged component.

Production is Time-Consuming and Costly

The entire process, from concept to manufacture, can take anything from six months to a year. The time to market demand is therefore rather lengthy. Relatively high requirements for design verification make up 70% of the entire time. Design verification takes a lot of time since SoC design is becoming more and more sophisticated. The compatibility and availability of intellectual property are important factors that can lengthen the time to market.

By Region

  • 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)

Opportunities:

The Tremendous Rise in Smart Appliances Owing to Smart Home Trends

Apart from basic operations like dimming lights and pulling curtains, smart houses may do more complex tasks like automatically lighting up escape routes in the event of a fire alert. In many home appliances, such as utility meters, thermostats, and security cameras, connectivity has evolved into a high-end novelty. It is projected that in the next years, connection will spread more widely and possibly even become a built-in standard in almost all household appliances and devices. For example, Sony is working on a hybrid technology that combines an AI processing engine and an image sensor.

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