Audio Amplifiers Market Size, Share, Growth Analysis, By Application(Smartphones, Television Sets, Home Audio Systems, Desktops & Laptops), By Channels Type(Mono, Two, Four, Six), By Region - Industry Forecast 2024-2031

Global Audio Amplifiers Market size was valued at USD 4.03 billion in 2022 and is poised to grow from USD 4.26 billion in 2023 to USD 6.69 billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).

One of the key factors propelling the growth of the audio amplifiers market is the increase in popularity of consumer electronics devices across the globe. Rising consumer demand for high-quality audio output, growing use of amplifiers with features like improved stereo imaging and clarity, and use of 3.5mm wired headphones with a +12 dB of zero distortion volume gain all contribute to the market's rapid growth. The growth in demand for traction of in-vehicle infotainment systems and the increase in innovations across advanced and power-efficient electronic products, which are leading automotive applications for driving class D audio amplifier performance, further influence the market. The market for audio amplifiers is also benefited by rising government incentives, urbanisation, digitization, and rising consumer demand for energy-efficient technologies in portable audio devices. Additionally, during the forecast period of 2021 to 2028, market participants will have lucrative prospects due to the penetration of the Internet of Things (IoT) and the integration of an increased number of capabilities with car audio systems.

US Audio Amplifiers Market is poised to grow at a sustainable CAGR for the next forecast year.