During the forecast period between 2022 and 2032, it is anticipated that demand for digital A/V decoders will expand at a healthy CAGR. Growing demand for digital A/V decoders in numerous automotive, residential, professional, and consumer video applications is responsible for growth.
A digital A/V decoder is a tool or piece of computer software that can quickly decode audio and visual content. It is increasingly used to transform digital signals into images and sounds from various sources (mostly TV providers).
The demand for digital A/V decoders has increased significantly over the past few years, and the trend is expected to persist during the forecast period. Their primary duties include signal decoding, amplification of the audio signal to drive numerous speakers
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Market Competition
Some of the key participants present in the global digital A/V decoder market include
- Flaunt Corps.,
- STMicroelectronics,
- NXP Semiconductors,
- NOGA,
- Dolby Laboratories,
- Cirrus Logic,
- Gefen (a subsidiary of Nortek Security and Control),
- Orei,
- AP LINK,
- Cablesetc,
- Kanex Pro and Neoteck, among others.
Attributed to the presence of such a high number of participants, the market is highly competitive in nature. In order to capitalize on the emerging opportunities and gain a competitive edge in the market, key players are continuously adopting growth strategies such as mergers, partnerships, acquisitions, new product launches, and strengthening of distribution channels.
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Which Factors are Driving the Growth in Digital A/V Decoder Market?
The swift growth of digital A/V decoder market is attributed to the flourishing consumer electronics industry worldwide, rising adoption of home entertainment options, increase in the number of DTH providers, and growing popularity of digital A/V decoders due to their various benefits.
In recent years, digital A/V decoders have gained wider popularity due to their enhanced durability and high efficiency. These solutions are available in an attractive and compact package, which can be installed at almost any location. They can be used for multi-channel digital media signal decoding and output.
How Will Growth Unfold in Asia Pacific Excluding Japan (APEJ) Market?
According to Future Market Insights, the Asia Pacific Excluding Japan (APEJ) market is poised to grow at a relatively higher CAGR during the forecast period, owing to the rising adoption of digital A/V decoders across various end use verticals, rapidly growing population, and rising popularity of home theaters and several other entertainment products.
Countries such as China and India are becoming ideal destinations for the digital A/V decoders due to the presence of a huge population, increasing spending by people on home entertainment options, growing popularity of connected devices, and rapid increase in the number of DTH service providers. Moreover, growing adoption of digital A/V decoders in industrial and scientific applications is positively impacting the market growth and the trend is likely to prevail during the assessment period.
Key Segments Profiled in the Digital A/V Decoder Industry Survey
By Output Port Type:
- Optical output port
- Coaxial output port
By Application:
- Residential
- Industrial
- Scientific
By Type:
- Codec device
- Codec software
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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