Amplifiers Global Market Report 2024

The amplifiers and mixers market size has grown steadily in recent years. It will grow from $1.08 billion in 2023 to $1.12 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth experienced during the historical period can be attributed to factors such as audio recording and production, live sound reinforcement, consumer electronics, broadcasting and radio, as well as professional and commercial audio-visual (AV) applications.

The amplifiers and mixers market size is expected to see steady growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The anticipated growth in the forecast period can be attributed to various factors, including the rise of immersive audio and spatial sound, the integration of 5G technology and streaming services, the increasing adoption of home automation and smart speakers, the expansion of live streaming and content creation, and the growth in professional audio-visual (AV) and conferencing solutions. Additionally, there are several noteworthy trends expected in this period, such as the increased use of digital signal processing (DSP), the implementation of networked audio and Dante protocol, the development of compact and portable amplifiers, the continued interest in analog warmth and tube emulation, and the utilization of remote control and monitoring capabilities.

The amplifiers market is experiencing growth driven by the increasing global demand for energy-efficient electronic products. As consumers and industries increasingly prioritize energy conservation, the market has responded with energy-efficient amplifiers that consume less power compared to traditional models. These energy-saving amplifiers are not only efficient but also gain popularity due to their eco-friendly characteristics. They play a crucial role in the production of various electronic devices. India, in particular, is expected to see a substantial rise in demand for energy-efficient products, estimated to reach 1,500 million tons by 2030. This escalating demand for energy-efficient electronic products is a key driver of growth in the amplifiers market.

Amplifiers can be categorized into three main types such as voltage amplifiers, current amplifiers, and power amplifiers. A voltage amplifier is an electronic circuit designed to take an input voltage and produce an output voltage that faithfully replicates the input but with increased magnitude. These amplifiers can take on various configurations, including inverting and non-inverting types, and are available in different channel configurations such as mono-channel, two-channel, four-channel, six-channel, and more. Amplifiers find applications in a range of industries, including consumer electronics, automotive, media and entertainment, and others.

The amplifiers market research report is one of a series of new reports that provides amplifiers market statistics, including amplifiers industry global market size, regional shares, competitors with an amplifiers market share, detailed amplifiers market segments, market trends, and opportunities, and any further data you may need to thrive in the amplifiers industry. This amplifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The amplifiers market is set to experience growth driven by the increasing sales of passenger vehicles. Several factors contribute to this trend, including economic growth, readily available financing options, a wide array of vehicle choices, and evolving consumer preferences for personal mobility and convenience. These factors are especially prominent in emerging markets. Amplifiers play a significant role in enhancing the audio quality in passenger vehicles by amplifying signals from audio sources such as radios or media players. This results in the delivery of clear and powerful sound through the vehicle's speakers, ultimately providing an improved audio experience for passengers. As a notable example, in 2022, India achieved the remarkable feat of surpassing Japan to become the world's third-largest light vehicle market. This shift was driven by the strong rebound in personal mobility and the growing demand for final-mile deliveries following the challenges posed by the pandemic. India's production output exceeded 5 million units in 2022. Moreover, the country recorded annual sales of 3.8 million units in the same year, marking a remarkable growth rate of over 25% compared to Japan. In contrast, Japan experienced a decline in sales, with nearly 200,000 fewer units sold in comparison to the figures from 2021 when it sold 3.7 million units. Consequently, the increasing sales of passenger vehicles will continue to be a significant driver of growth in the amplifiers market during the forecast period.

The growth of the amplifiers market is anticipated to face limitations due to a diminished price margin. A diminished price margin refers to the situation where the difference between the manufacturing cost and the selling price of a product is relatively low. This phenomenon is particularly prevalent in the power amplifiers market, characterized by intense competition and a highly fragmented industry. In such a competitive landscape, companies may find themselves compelled to reduce their product prices to retain their customer base and market share. However, this approach can lead to a reduction in overall revenues and may even result in financial losses, especially when the production costs of the product remain relatively constant. As a result, the diminished price margin is identified as one of the factors that hinder the growth of the amplifiers market.

The amplifier market is currently influenced by a significant trend known as the smart power amplifier (SPA). Smart power amplifiers, equipped with innovative voltage-tripling technology, are designed to enhance audio quality while simultaneously improving the efficiency of various electronic devices such as wireless speakers, watches, phones, and tablets. For instance, in October 2020, a Taiwan-based provider of consumer electronics and computer integrated circuits (ICs) introduced two new mono smart amplifier devices, the NAU83G10 and NAU83G20, which incorporate Controlled Sound (KCS) technology. These smart amplifier devices represent a new category of audio amplifiers, distinct from older linear model-based counterparts. They offer the advantage of delivering maximum audio output through smaller speakers while ensuring precise speaker protection and real-time diagnostic data for the speakers, ultimately resulting in superior sound quality. This trend of smart power amplifiers is a driving force behind the growth of the amplifier market.

Major companies in the amplifier market are staying competitive by introducing innovative technologies, including gallium nitride (GaN) power amplifiers. These advanced amplifiers have the unique capability to operate across a wide frequency range, supporting 4G, 5G, and beyond 5G/6G communication systems using a single GaN power amplifier unit. For example, in June 2023, Mitsubishi Electric achieved a breakthrough by developing the world's first GaN power amplifier with a remarkable frequency range of 3,400MHz within a single unit. This versatile amplifier is poised to revolutionize the field by enabling the integration of various communication systems, such as 4G, 5G, and advanced 5G/6G technologies, across multiple frequency bands within a single base station. This development is expected to enhance the efficiency of base stations by facilitating the sharing of radio units (transceivers) among different communication systems while conserving energy. Innovative solutions like GaN power amplifiers are driving the competitive edge of companies in the amplifier market.

In March 2023, Zound Industries, a Swedish manufacturer known for developing headphones and speakers, made a strategic acquisition by purchasing Marshall Amplification, a well-established UK-based company that specializes in designing and manufacturing music amplifiers, speaker cabinets, personal headphones and earphones, as well as musical instruments like drums and bongos. This acquisition, for which the financial details were not disclosed, is part of Zound Industries' expansion strategy. With this move, Zound Industries aims to broaden its portfolio in the amplifiers market and reach a new global consumer audience.

Major companies operating in the amplifiers market include STMicroelectronics, Texas Instruments, NXP Semiconductors, Maxim Integrated Product Inc, Analog Devices, Toshiba Electronic Devices & Storage Corporation, Infineon Technologies, Yamaha Corporation, Qualcomm Incorporated, Renesas Electronics, Skyworks solutions, Quorvo, Peavy Electronics Corporation, Broadcom Limited, Dialog Semiconductors, Integrated Silicon Solutions Inc, Cirrus Logic, ON Semiconductor Corp, Fuji Electric Co. Ltd., Asea Brown Boveri (ABB) Ltd., IXYS Corporation, OSD Audio, Voice Booster, Kenwood Corporation, Foshan ShuangMuSanLin electronics, Onkyo & Pioneer Corporation, NobSound, Cambridge Audio, Macom, Bonn Elektronik, Samson Technologies Corp., Alesis, Alto Professional, AtlasIED, TOA Corporation, Bogen Communications Inc., Bosch Security Systems Inc., Biamp Systems, Ashly Audio Inc., Crown Audio Inc.

Asia Pacific was the largest region in the amplifiers market in 2023. The regions covered in the amplifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the amplifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The amplifiers market consists of sales of current amplifiers, voltage amplifiers, power amplifiers, and other amplifiers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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