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 creation, manufacturing, and implementation of integrated circuits made expressly to process audio and video data using artificial intelligence (AI) algorithms are the activities that comprise the AI Audio and Video SoC (System on Chip) Market. These system-on-a-chips (SoCs) are outfitted with specialized hardware accelerators and neural network processors that enable them to efficiently and power-efficiently execute tasks like image recognition, video analysis, speech recognition, and natural language processing. AI audio and video SoCs are used to improve the intelligent audio and visual processing of a variety of devices, including security cameras, smart speakers, smartphones, and autonomous cars. Performance, power efficiency, compatibility with AI frameworks, and integration with other system components are important factors to take into account in the market.
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
Drivers for AI Audio and Video SoC Market:
- Demand for Intelligent Devices: The market for AI audio and video System-on-Chip (SoC) solutions is driven by the growing uptake of AI-powered gadgets like smartphones, smart speakers, and security cameras.
- Improved User Experience: Audio and video powered by AI With its sophisticated functionality, such as object identification, image processing, and speech recognition, SoCs improve user experiences across a range of applications.
- Growth of Edge Computing: As IoT devices become more dependent on edge computing features, there is an increasing need for AI-enabled SoCs that can process audio and video data locally to provide faster reaction times and enhanced privacy.
- Integration with 5G: Including AI capabilities in audio and video SoCs makes it easier to create 5G-enabled devices that are more connected and have better multimedia capabilities in the future.
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Opportunities in AI Audio and Video SoC Market:
- Extension of IoT Ecosystem: AI audio and video SoC makers have a lot of room to grow as a result of the widespread use of IoT devices in the smart home, industrial automation, healthcare, and automotive industries.
- Customization and Differentiation: SoC providers can meet a range of market needs and set themselves apart in a competitive setting by providing configurable AI solutions suited to certain applications.
- Edge AI Applications: As edge AI applications like facial recognition, gesture detection, and natural language processing become more widely used, there is a growing need for AI-enabled SoCs that are designed for low-power, edge real-time computing.
- Vertical Integration: SoC makers can offer end-to-end AI solutions and extract more value from the ecosystem by using vertical integration techniques, such as forming relationships with software developers and system integrators.
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)
Key Questions Answered:
- What is the market size and CAGR of the AI Audio and Video SoC Market during the forecast period?
- How is the growing demand impacting the growth of AI Audio and Video SoC Market shares?
- What is the growing demand of the AI Audio and Video SoC Market during the forecast period?
- Who are the leading vendors in the market and what are their market shares?
- What is the impact of the COVID-19 pandemic on the APAC AI Audio and Video SoC Market?
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