Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 5.42 Billion

Market Size (2029)

USD 60.76 Billion

CAGR (2024-2029)

49.38%

Fastest Growing Segment

AI Video SoC

Largest Market

North America


Market Overview

Global AI Audio and Video SOC Market was valued at USD 5.42 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR 49.38% through 2029. The Global AI Audio and SOC market is experiencing remarkable growth and transformation, driven by the integration of artificial intelligence (AI) into audio and video processing. AI SoCs are pivotal in enhancing user experiences, making audio and video content smarter and more immersive. This market is characterized by several key trends and drivers. The adoption of AI SoCs in consumer electronics, including smartphones, smart speakers, and smart TVs, is widespread. These chips enable voice recognition, image enhancement, and personalized content recommendations, revolutionizing how consumers interact with technology. The smart home ecosystem benefits significantly from AI SoCs, powering intelligent features that enhance convenience, security, and energy efficiency. Voice-activated devices and virtual assistants, in particular, rely on AI Audio SoCs to understand voice commands and deliver responsive services.

AI SoCs have also found applications in gaming, where they contribute to more realistic and immersive gaming experiences. The integration of AI in video surveillance and security is on the rise, driven by the need for intelligent video analytics, facial recognition, and object tracking. Innovations in AI algorithms and machine learning techniques continue to expand the capabilities of AI SoCs, making them more versatile and adaptable to diverse applications. The market's growth is also driven by the demand for efficient data processing in autonomous vehicles, as these chips are essential for processing data from various sensors and cameras in real time.

As AI Audio and Video SoCs continue to evolve and adapt to the changing technology landscape, they are set to play a central role in shaping the future of audio and video processing, making content more intelligent and interactive while contributing to enhanced security, convenience, and entertainment.

Key Market Drivers

Growing Demand for AI-Enabled Consumer Electronics

The global AI Audio and Video System on Chip (SoC) market is being driven by the ever-growing demand for AI-enabled consumer electronics. The integration of AI technologies into devices like smartphones, smart speakers, and smart TVs has revolutionized the way consumers interact with audio and video content. AI SoCs enable voice recognition, image and speech processing, and content recommendations, enhancing user experiences. The demand for AI-powered consumer electronics continues to rise as consumers seek more intelligent, interactive, and personalized audio and video applications, making it a significant driver of the market's growth.

Proliferation of IoT Devices and Edge AI

The proliferation of Internet of Things (IoT) devices and the adoption of edge AI are key drivers of the global AI Audio and Video SoC market. As IoT devices become more prevalent in various industries, there is a growing need for AI SoCs that can process data and make real-time decisions at the edge, without the need for cloud computing. Edge AI, enabled by AI SoCs, is crucial in applications such as smart cameras, industrial automation, and autonomous vehicles. The trend towards a more connected world necessitates SoCs capable of handling AI workloads efficiently at the edge, driving market growth.

Advancements in AI Algorithms and Machine Learning

The continuous advancements in AI algorithms and machine learning techniques are propelling the AI Audio and Video SoC market. As AI technologies become more sophisticated and capable of handling complex tasks, SoCs are leveraging these advancements to provide enhanced audio and video processing. Machine learning models, including deep learning and neural networks, enable features like facial recognition, object detection, and voice commands in devices like smart cameras and voice-activated speakers. The ongoing development of AI algorithms expands the possibilities for AI SoCs, making them more versatile and capable, further driving market growth.

Expansion of AI in Video Surveillance and Security

The expansion of AI in video surveillance and security applications is a significant driver of the AI Video SoC market. AI Video SoCs are instrumental in enhancing video analytics, offering features like facial recognition, object tracking, and anomaly detection. With the increasing importance of security and surveillance across various sectors, including retail, transportation, and smart cities, AI Video SoCs have gained prominence. They help in automating security processes, enabling real-time threat detection, and reducing false alarms. The demand for intelligent video analytics solutions to bolster security drives the growth of AI Video SoCs in the market.

Rising Need for Efficient Data Processing in Autonomous Vehicles

The rising need for efficient data processing in autonomous vehicles is another significant driver of the AI Audio and Video SoC market. Autonomous vehicles rely on AI SoCs to process data from various sensors, cameras, and lidar systems in real time, enabling features like obstacle detection, lane tracking, and autonomous navigation. The safety and success of autonomous driving depend on the processing speed, accuracy, and efficiency of AI SoCs. With the growing interest in autonomous vehicles and the need to enhance road safety, AI Audio and Video SoCs are poised to play a pivotal role in shaping the future of transportation and mobility.

 


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Key Market Challenges

Power Efficiency and Heat Dissipation

One of the significant challenges facing the global AI Audio and Video System on Chip (SoC) market is power efficiency and heat dissipation. AI applications, particularly those involving neural networks and deep learning, are computationally intensive and can strain the power resources of SoCs. As these chips process vast amounts of data and perform complex calculations, they generate a substantial amount of heat, which, if not managed effectively, can affect the performance and longevity of the hardware. Manufacturers face the challenge of designing AI SoCs that strike a balance between high processing power and low power consumption while implementing efficient thermal management solutions.

Processing Speed and Latency

The demand for real-time and low-latency AI processing in applications like autonomous vehicles, surveillance systems, and live video streaming poses a significant challenge for AI Audio and Video SoC manufacturers. Meeting the need for rapid data processing and decision-making at the edge requires SoCs with exceptionally high processing speeds. Achieving the right balance between processing power and power consumption is a formidable challenge, as reducing latency often entails a trade-off with energy efficiency.

Scalability and Customization

Scalability and customization are pressing challenges in the AI Audio and Video SoC market. Different applications demand varying levels of AI processing capabilities, and manufacturers need to provide scalable solutions to cater to diverse customer needs. Furthermore, customization is vital to adapt AI SoCs for specific use cases, such as industrial automation, surveillance, or healthcare. Creating highly customizable and scalable AI SoCs while maintaining cost-effectiveness and short development cycles is a complex challenge for manufacturers.

Data Security and Privacy Concerns

As AI Audio and Video SoCs are embedded in devices that capture and process sensitive data, data security and privacy have become critical concerns. The potential for unauthorized access to audio and video data, as well as data breaches, raises significant challenges for AI SoC manufacturers. They must implement robust security measures, encryption protocols, and privacy safeguards to protect user data. Compliance with evolving data protection regulations adds complexity and cost to product development.

Interoperability and Standards

Interoperability and standards represent a substantial challenge in the AI Audio and Video SoC market. With numerous devices and systems relying on AI SoCs, ensuring compatibility and seamless communication between different devices is a significant challenge. Standardization in terms of communication protocols, data formats, and AI model deployment can simplify integration and enhance the user experience. However, creating and adhering to these standards across a highly diverse and evolving landscape is a complex task. Manufacturers must navigate this challenge to promote widespread adoption and foster ecosystem growth.

Key Market Trends

Integration of AI for Enhanced Audio and Video Quality

One prominent trend in the global AI Audio and Video SoC market is the integration of artificial intelligence (AI) for significantly enhanced audio and video quality. As AI technologies continue to advance, SoC manufacturers are incorporating machine learning algorithms, neural networks, and computer vision capabilities into their chip designs. This integration allows AI Audio and Video SoCs to deliver superior image and sound processing, including noise reduction, upscaling, and enhancing image clarity. The AI-driven features offer users a more immersive and enjoyable audio and visual experience across various applications, such as streaming, gaming, video conferencing, and smart home devices.

Demand for Edge AI Processing

The increasing demand for edge AI processing is another significant trend in the AI Audio and Video SoC market. Edge AI involves performing AI-related tasks directly on the device, without the need for data transmission to a cloud server. This trend is driven by the need for lower latency and real-time decision-making, which is crucial in applications like autonomous vehicles, smart cameras, and IoT devices. SoC manufacturers are developing chips with dedicated AI accelerators to process AI workloads efficiently at the edge, resulting in faster response times, enhanced privacy, and reduced bandwidth consumption.

AI-Enabled Voice Assistants and Smart Speakers

The proliferation of AI-enabled voice assistants and smart speakers is driving a trend in the AI Audio SoC market. Voice recognition technology, powered by AI algorithms, is becoming increasingly prevalent in various devices, from smartphones to smart home appliances. These devices rely on AI Audio SoCs to process voice commands accurately and deliver high-quality audio output. As consumer demand for voice-controlled devices continues to grow, manufacturers are focusing on designing efficient and low-power AI Audio SoCs to support voice assistants, leading to more convenient and interactive user experiences.

Integration of AI in Video Analytics

The integration of AI in video analytics is another compelling trend in the AI Video SoC market. Surveillance cameras, drones, and other video-capturing devices are increasingly equipped with AI Video SoCs that provide powerful image analysis capabilities. These SoCs enable features like object recognition, facial recognition, anomaly detection, and automated event tagging, which are invaluable in security and industrial applications. As the demand for intelligent video processing rises, AI Video SoCs are expected to play a pivotal role in enhancing security, efficiency, and automation across various sectors.

Customization and Personalization in Entertainment

The trend of customization and personalization in the entertainment industry is impacting the AI Audio and Video SoC market. As consumers seek unique and tailored content experiences, AI-powered SoCs are being used to provide real-time content recommendations, dynamic audio processing, and personalized video adjustments. Content providers and streaming platforms are leveraging AI SoCs to optimize audiovisual content for individual preferences, creating a more engaging and relevant viewing experience. With advanced AI capabilities, the AI Audio and Video SoCs are contributing to the evolution of entertainment content delivery and shaping the future of how consumers interact with audio and video content.

Segmental Insights

Product Insights

AI Video SoC segment dominates in the global AI Audio and Video SoC market in 2023. These specialized chips are designed to process and enhance video content through artificial intelligence and machine learning algorithms. They empower a wide range of applications, including smart cameras, video surveillance, augmented and virtual reality, and video content creation. The following factors contribute to the dominance of AI Video SoCs in the global market:

With the increasing emphasis on visual intelligence and video analytics, AI Video SoCs are in high demand. They play a critical role in applications such as facial recognition, object detection, and tracking, enhancing security, and providing real-time insights in various industries.

The global video surveillance market is experiencing rapid growth, driven by the need for enhanced security, public safety, and business intelligence. AI Video SoCs enable intelligent video analytics, automating surveillance processes and reducing false alarms, making them indispensable in this sector.

The proliferation of augmented reality (AR) and virtual reality (VR) applications relies on AI Video SoCs for realistic and immersive experiences. These chips are vital for processing high-definition video content and enhancing user interactions in the gaming, education, and healthcare sectors.


 


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Regional Insights

North America dominates the Global AI Audio and Video SoC Market in 2023. North America, particularly the United States, is a hotbed of technological advancements and innovation. The region is home to some of the world's leading technology companies, research institutions, and startups. This ecosystem fosters the development of cutting-edge AI Audio and Video SoCs, leveraging the latest AI algorithms, machine learning techniques, and software solutions. The continuous drive for innovation has given North American companies a competitive edge in the global market.

The United States has made significant investments in artificial intelligence, recognizing its potential to transform various industries. Government initiatives, private investments, and academic collaborations have contributed to the rapid growth of the AI industry. This favorable environment encourages the development of AI Audio and Video SoCs, which are essential components of AI-powered applications.

North America boasts a robust ecosystem of SoC manufacturers, semiconductor companies, and technology giants, including NVIDIA, Intel, Qualcomm, and AMD. These companies have a strong foothold in the AI Audio and Video SoC market, offering a wide range of solutions for various applications. Their expertise, resources, and global reach position them as leaders in the industry.

The presence of a thriving AI ecosystem in North America further contributes to its dominance. AI startups, research institutions, and academic collaborations drive advancements in AI technology. These advancements, in turn, require AI SoCs to provide the processing power needed for AI-driven applications across sectors like healthcare, automotive, and consumer electronics.

North America has been an early adopter of AI technologies across multiple industries. AI Audio and Video SoCs play a pivotal role in enabling AI-powered devices and applications, including smart speakers, autonomous vehicles, surveillance systems, and more. This early adoption has created a strong demand for AI SoCs in the region, leading to market leadership.

Recent Developments

  • In May 2022, Sondrel, a renowned provider of advanced driver-assistance systems (ADAS), has announced a strategic collaboration with Arteris IP to integrate Arteris IP's FlexNoC interconnect IP into its upcoming generation of ADAS architecture. Arteris IP specializes in delivering cutting-edge system IP, including network-on-chip (NoC) interconnect solutions and IP deployment software, which streamline the development process of system-on-chip (SoC) designs. This collaboration underscores Sondrel's commitment to leveraging Arteris IP's advanced interconnect technology to enhance the performance, scalability, and efficiency of its ADAS solutions. By integrating FlexNoC interconnect IP into its ADAS architecture, Sondrel aims to optimize data communication and ensure seamless integration of various components within the system, ultimately enhancing the functionality and reliability of its ADAS offerings. This partnership highlights the significance of innovative interconnect solutions in enabling the development of sophisticated ADAS systems capable of meeting the stringent requirements of modern automotive applications.

Key Market Players

  • MediaTek Inc.
  • Qualcomm Technologies, Inc.
  • Nvidia Corporation
  • Intel Corporation
  • Ambarella International LP.
  • Texas Instruments Incorporated
  • NXP Semiconductors N.V.
  • STMicroelectronics N.V.
  • HiSilicon (Shanghai) Technologies Co., Ltd. 
  • Rockchip Electronics Co., Ltd.

By Product

By Application Area

By Region

  • AI Audio SoC
  • AI Video SoC
  • AI Audio Video Integrated SoC
  • Automotive
  • Industrial
  • Smart Home
  • Consumer Electronics
  • Others
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

Report Scope:

In this report, the Global AI Audio and Video SoC Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • AI Audio and Video SoC Market, By Product:

o   AI Audio SoC

o   AI Video SoC

o   AI Audio Video Integrated SoC

  • AI Audio and Video SoC Market, By Application Area:

o   Automotive

o   Industrial

o   Smart Home

o   Consumer Electronics

o   Others

  • AI Audio and Video SoC Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global AI Audio and Video SoC Market.

Available Customizations:

Global AI Audio and Video SoC Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global AI Audio and Video SoC Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global AI Audio and Video SoC Market

5.    Voice of Customer

6.    Global AI Audio and Video SoC Market Overview

7.    Global AI Audio and Video SoC Market Outlook

7.1.    Market Size & Forecast

7.1.1.    By Value

7.2.    Market Share & Forecast

7.2.1.  By Product (AI Audio SoC, AI Video SoC, AI Audio Video Integrated SoC)

7.2.2.  By Application Area (Automotive, Industrial, Smart Home, Consumer Electronics, Others)

7.2.3.  By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2023)

7.4.    Market Map

8.    North America AI Audio and Video SoC Market Outlook

8.1.    Market Size & Forecast

8.1.1.    By Value

8.2.    Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Application Area

8.2.3.    By Country

8.2.3.1.        United States AI Audio and Video SoC Market Outlook

8.2.3.1.1.        Market Size & Forecast

8.2.3.1.1.1.    By Value

8.2.3.1.2.        Market Share & Forecast

8.2.3.1.2.1.               By Product

8.2.3.1.2.2.               By Application Area

8.2.3.2.        Canada AI Audio and Video SoC Market Outlook

8.2.3.2.1.        Market Size & Forecast

8.2.3.2.1.1.    By Value

8.2.3.2.2.        Market Share & Forecast

8.2.3.2.2.1.               By Product

8.2.3.2.2.2.               By Application Area

8.2.3.3.        Mexico AI Audio and Video SoC Market Outlook

8.2.3.3.1.        Market Size & Forecast

8.2.3.3.1.1.    By Value

8.2.3.3.2.        Market Share & Forecast

8.2.3.3.2.1.               By Product

8.2.3.3.2.2.               By Application Area

9.    Europe AI Audio and Video SoC Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.    By Product

9.2.2.    By Application Area

9.2.3.    By Country

9.2.3.1.        Germany AI Audio and Video SoC Market Outlook

9.2.3.1.1.        Market Size & Forecast

9.2.3.1.1.1.    By Value

9.2.3.1.2.        Market Share & Forecast

9.2.3.1.2.1.               By Product

9.2.3.1.2.2.               By Application Area

9.2.3.2.        France AI Audio and Video SoC Market Outlook

9.2.3.2.1.        Market Size & Forecast

9.2.3.2.1.1.    By Value

9.2.3.2.2.        Market Share & Forecast

9.2.3.2.2.1.               By Product

9.2.3.2.2.2.               By Application Area

9.2.3.3.        United Kingdom AI Audio and Video SoC Market Outlook

9.2.3.3.1.        Market Size & Forecast

9.2.3.3.1.1.    By Value

9.2.3.3.2.        Market Share & Forecast

9.2.3.3.2.1.               By Product

9.2.3.3.2.2.               By Application Area

9.2.3.4.        Italy AI Audio and Video SoC Market Outlook

9.2.3.4.1.        Market Size & Forecast

9.2.3.4.1.1.    By Value

9.2.3.4.2.        Market Share & Forecast

9.2.3.4.2.1.               By Product

9.2.3.4.2.2.               By Application Area

9.2.3.5.        Spain AI Audio and Video SoC Market Outlook

9.2.3.5.1.        Market Size & Forecast

9.2.3.5.1.1.    By Value

9.2.3.5.2.        Market Share & Forecast

9.2.3.5.2.1.               By Product

9.2.3.5.2.2.               By Application Area

10. South America AI Audio and Video SoC Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1. By Product

10.2.2. By Application Area

10.2.3. By Country

10.2.3.1.     Brazil AI Audio and Video SoC Market Outlook

10.2.3.1.1.   Market Size & Forecast

10.2.3.1.1.1.             By Value

10.2.3.1.2.   Market Share & Forecast

10.2.3.1.2.1.            By Product

10.2.3.1.2.2.            By Application Area

10.2.3.2.     Colombia AI Audio and Video SoC Market Outlook

10.2.3.2.1.   Market Size & Forecast

10.2.3.2.1.1.             By Value

10.2.3.2.2.   Market Share & Forecast

10.2.3.2.2.1.            By Product

10.2.3.2.2.2.            By Application Area

10.2.3.3.     Argentina AI Audio and Video SoC Market Outlook

10.2.3.3.1.   Market Size & Forecast

10.2.3.3.1.1.             By Value

10.2.3.3.2.   Market Share & Forecast

10.2.3.3.2.1.            By Product

10.2.3.3.2.2.            By Application Area

11. Middle East & Africa AI Audio and Video SoC Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1. By Product

11.2.2. By Application Area

11.2.3. By Country

11.2.3.1.     Saudi Arabia AI Audio and Video SoC Market Outlook

11.2.3.1.1.   Market Size & Forecast

11.2.3.1.1.1.             By Value

11.2.3.1.2.   Market Share & Forecast

11.2.3.1.2.1.            By Product

11.2.3.1.2.2.            By Application Area

11.2.3.2.     UAE AI Audio and Video SoC Market Outlook

11.2.3.2.1.   Market Size & Forecast

11.2.3.2.1.1.             By Value

11.2.3.2.2.   Market Share & Forecast

11.2.3.2.2.1.            By Product

11.2.3.2.2.2.            By Application Area

11.2.3.3.     South Africa AI Audio and Video SoC Market Outlook

11.2.3.3.1.   Market Size & Forecast

11.2.3.3.1.1.             By Value

11.2.3.3.2.   Market Share & Forecast

11.2.3.3.2.1.            By Product

11.2.3.3.2.2.            By Application Area

12. Asia Pacific AI Audio and Video SoC Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Value

12.2. Market Share & Forecast

12.2.1. By Product

12.2.2. By Application Area

12.2.3. By Country

12.2.3.1.     China AI Audio and Video SoC Market Outlook

12.2.3.1.1.   Market Size & Forecast

12.2.3.1.1.1.             By Value

12.2.3.1.2.   Market Share & Forecast

12.2.3.1.2.1.            By Product

12.2.3.1.2.2.            By Application Area

12.2.3.2.     India AI Audio and Video SoC Market Outlook

12.2.3.2.1.   Market Size & Forecast

12.2.3.2.1.1.             By Value

12.2.3.2.2.   Market Share & Forecast

12.2.3.2.2.1.            By Product

12.2.3.2.2.2.            By Application Area

12.2.3.3.     Japan AI Audio and Video SoC Market Outlook

12.2.3.3.1.   Market Size & Forecast

12.2.3.3.1.1.             By Value

12.2.3.3.2.   Market Share & Forecast

12.2.3.3.2.1.            By Product

12.2.3.3.2.2.            By Application Area

12.2.3.4.     South Korea AI Audio and Video SoC Market Outlook

12.2.3.4.1.   Market Size & Forecast

12.2.3.4.1.1.  By Value

12.2.3.4.2.   Market Share & Forecast

12.2.3.4.2.1.            By Product

12.2.3.4.2.2.            By Application Area

12.2.3.5.     Australia AI Audio and Video SoC Market Outlook

12.2.3.5.1.   Market Size & Forecast

12.2.3.5.1.1.             By Value

12.2.3.5.2.   Market Share & Forecast

12.2.3.5.2.1.            By Product

12.2.3.5.2.2.            By Application Area

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   MediaTek Inc.

15.1.1.         Business Overview

15.1.2.        Key Revenue and Financials  

15.1.3.        Recent Developments

15.1.4.        Key Personnel

15.1.5.        Key Product/Services Offered

15.2.   Qualcomm Technologies, Inc.

15.2.1.        Business Overview

15.2.2.        Key Revenue and Financials  

15.2.3.        Recent Developments

15.2.4.        Key Personnel

15.2.5.        Key Product/Services Offered

15.3.   Nvidia Corporation

15.3.1.        Business Overview

15.3.2.        Key Revenue and Financials  

15.3.3.        Recent Developments

15.3.4.        Key Personnel

15.3.5.        Key Product/Services Offered

15.4.   Intel Corporation

15.4.1.        Business Overview

15.4.2.        Key Revenue and Financials  

15.4.3.        Recent Developments

15.4.4.        Key Personnel

15.4.5.        Key Product/Services Offered

15.5.   Ambarella International LP.

15.5.1.        Business Overview

15.5.2.        Key Revenue and Financials  

15.5.3.        Recent Developments

15.5.4.        Key Personnel

15.5.5.        Key Product/Services Offered

15.6.   Texas Instruments Incorporated

15.6.1.        Business Overview

15.6.2.        Key Revenue and Financials  

15.6.3.        Recent Developments

15.6.4.        Key Personnel

15.6.5.        Key Product/Services Offered

15.7.   NXP Semiconductors N.V.

15.7.1.        Business Overview

15.7.2.        Key Revenue and Financials  

15.7.3.        Recent Developments

15.7.4.        Key Personnel

15.7.5.        Key Product/Services Offered

15.8.   STMicroelectronics N.V.

15.8.1.        Business Overview

15.8.2.        Key Revenue and Financials  

15.8.3.        Recent Developments

15.8.4.        Key Personnel

15.8.5.        Key Product/Services Offered

15.9.   HiSilicon (Shanghai) Technologies Co., Ltd. 

15.9.1.        Business Overview

15.9.2.        Key Revenue and Financials  

15.9.3.        Recent Developments

15.9.4.        Key Personnel

15.9.5.        Key Product/Services Offered

15.10.Rockchip Electronics Co., Ltd.

15.10.1.     Business Overview

15.10.2.     Key Revenue and Financials  

15.10.3.     Recent Developments

15.10.4.     Key Personnel

15.10.5.     Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global AI Audio and Video SoC market was USD 5.42 Billion in 2023.

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Consumer Electronics was the dominant segment in the global AI Audio and Video SoC market in 2023 by application area due to the widespread integration of AI-powered features and functionalities in various consumer electronic devices. With the rising demand for smart and connected devices, manufacturers across the consumer electronics industry have been incorporating AI Audio and Video SoCs into products such as smartphones, smart TVs, smart speakers, and wearable devices.

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The challenges in the global AI Audio and Video SoC market include power efficiency and heat dissipation, processing speed and latency, scalability and customization, data security and privacy concerns, etc.

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The major drivers for the global AI Audio and Video SoC market include growing demand for AI-enabled consumer electronics, proliferation of IoT devices and edge AI, advancements in AI algorithms and machine learning, expansion of AI in video surveillance and security, etc.

profile

Sakshi Bajaal

Business Consultant
Press Release

AI Audio and Video SoC Market Expands with Consumer Electronics Segment at a robust CAGR of 49.38%

May, 2024

The increasing global AI Audio and Video SoC market is driven by growing demand for AI-enabled consumer electronics, proliferation of IoT devices and edge AI during the forecast period 2025-2029.