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Europe Class D Audio Amplifier Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Product, and Industry

Europe Class D Audio Amplifier Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Product, and Industry

  • August 2021
  • 143 pages
  • ID: 6134274
  • Format: PDF
  • The Insight Partners

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The Europe class D audio amplifier market is expected to grow from US$ 510.97 million in 2021 to US$ 909.33 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028.

The growing passenger car sales, owing to elevating disposable incomes and standards of living, are expected to drive the market.Developing countries across Europe are characterized by a positive economic outlook, an increasing middle-class population, and rising disposable incomes.

These factors are driving the sales of passenger cars in these countries.Developing economies have been witnessing steady growth in the post-recession era, which has been reflected in the rise in disposable income.

In the countries such as the UK and Germany, where consumers have high disposable incomes at their disposal, high value and volume of car sales are driven by the preference for advanced features and technologies integrated into the vehicles.Luxury cars and autonomous cars, enhanced with high-end infotainment systems and technologies, are driving car sales in Europe, among other developed markets.

Hence, car manufacturers are focusing on the integration of sophisticated in-vehicle infotainment systems to provide differentiated services to their customers. Despite a downturn in automotive sales in 2020 due to the COVID-19 pandemic, the overall growth outlook is estimated to be positive during the forecast period, i.e., during 2021–2028. Further, irrespective of variations in the percentage of car ownership across developing markets, the number of passenger cars per household saw a steady increase in the past decade. Further, sales of these cars are expected to increase in coming years due to the growing adoption of private vehicles to avoid social contact in public transports to avoid exposure to SARS-CoV-2. Thus, the surge in the adoption of in-vehicle infotainment systems in cars is bolstering the demand for class D audio amplifiers across Europe.

In the case of COVID-19, Germany, Spain, Italy, the UK, and France are among the most affected European countries due to the outbreak.Businesses are suffering from financial crises as they had to either suspend their operations or reduce their activities substantially to abide by the social distancing norms and lockdown impositions.

Europe is one of the major information technology (IT) hubs.Due to the presence of major manufacturers, which are known for the high adoption of class D audio amplifiers and other automation technologies, the class D audio amplifier market in Europe is expected to regain its growth pace during the forecast period.

Business shutdowns and travel bans have been restricting the growth of various sectors in Europe, which led to an economic slump in many European countries in 2020; this negative effect is likely to persist in 2021 as well.In addition to hampered supply, a fall in demand hit the manufacturing part of the sector’s supply chains including hardware.

Demand was further contracted by confinements of industries such as the automobile sector (due to their face-to-face Business-to-Consumer (B2C) character), implying lower demand for class D audio amplifiers. Companies in hard-hit countries such as Italy, France, and Spain have faced operational disruptions, which further delayed their ability to finalize financial statements; this resulted in a slowdown in investments in the class D audio amplifier market in the region.

Based on product, the others segment led the Europe class D audio amplifier market in 2020.The others segment includes AI-enabled smart speakers, tablets, laptops, healthcare equipment, and retail industry, among others.

There is a significant demand for smart speakers among the consumers, owing to the growing income levels and willingness to spend more on entertainment solutions.This is positively impacting the market for the others segment.

Increasing disposable income and the rising inclination of consumers toward high-quality audio and video systems are driving the others segment.Further, enhanced connectivity and smart technology integration is enabling enhanced remote control for consumers and allowing ease at controlling multiple speakers with amplifiers.

The increasing consumption of smart speakers, sub-woofers, 3D audio and video systems, laptops, and others is bolstering the market growth.

The overall Europe class D audio amplifier market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe class D audio amplifier market.

The process also serves the purpose of obtaining an overview and forecast for the Europe class D audio amplifier market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe class D audio amplifier market. Analog Devices, Inc; ICEpower a/s; INFINEON TECHNOLOGIES AG; Maxim Integrated; NXP Semiconductors N.V.; ON Semiconductor Corporation; Qualcomm Technologies, Inc.; Silicon Laboratories, Inc.; STMicroelectronics N.V.; and Texas Instruments Incorporated are among the major players operating in the Europe class D audio amplifier market.

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