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, development, production, and application of integrated circuits made expressly to handle audio and video data using artificial intelligence (AI) algorithms are all included in the AI Audio and Video SoC (System-on-Chip) Market. These SoCs are designed to be used in a variety of applications, including augmented reality (AR) devices, video surveillance systems, smart speakers, and virtual assistants. Neural network accelerators, processors, and specialized hardware for real-time multimedia data processing are important parts of AI audio and video SoCs. The market is expected to grow due to the following factors: growing adoption of IoT devices with integrated AI functionality; advancements in AI technology that enable enhanced audio and video analytics; and growing demand for intelligent audio and video processing capabilities in consumer electronics and industrial applications.
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:
The market for AI Audio and Video SoCs is being driven by the growing requirement for integrated AI capabilities due to the growing demand for intelligent devices like smartphones, smart speakers, and security cameras. Furthermore, the industry is growing due to improvements in deep learning and AI algorithms that improve the ability to interpret audio and video. Additionally, low-power, high-performance SoC solutions are required for real-time AI inference due to the expansion of edge computing and IoT devices. Additionally, as a result of increased efficiency and cost-effectiveness in embedded AI applications brought about by rivalry among semiconductor firms, the market is further expanded.
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Opportunities in AI Audio and Video SoC Market:
By vertical integration, customisation, and strategic alliances, the AI Audio and Video SoC market presents prospects for innovation and market penetration. Creating customized AI SoC solutions for specialized markets and new revenue streams can be achieved by developing solutions for smart home automation, vehicle entertainment, and industrial surveillance, among other applications. Additionally, collaborations with system integrators and software developers allow for end-to-end AI solutions, which promote value creation and market differentiation. Furthermore, due to the growing acceptance of AI-enabled products across a range of industries, there are growth prospects when venturing into developing markets like wearables, robots, and drones. Furthermore, the value proposition of AI SoCs is improved by utilizing edge computing and AIoT convergence, which encourages adoption in next-generation connected devices and ecosystems.
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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