AI Audio and Video SoC Market is Expected To Grow At A CAGR of 49.38% By 2029

By | March 6, 2024
Global AI Audio and Video SoC Market

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.

According to TechSci Research report, “AI Audio and Video SoC Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029, The Global AI Audio and Video System on Chip (SoC) market is undergoing a transformative evolution, driven by the seamless integration of artificial intelligence (AI) into audio and video processing. AI SoCs are at the forefront of a technology revolution, significantly enhancing user experiences and making audiovisual content smarter, more immersive, and increasingly interactive.

One of the prominent drivers of this market is the widespread adoption of AI SoCs in consumer electronics, which encompasses a wide array of devices, including smartphones, smart speakers, and smart TVs. These chips are instrumental in enabling voice recognition, image enhancement, and personalized content recommendations, fundamentally changing the way consumers interact with technology in their daily lives.

The influence of AI SoCs extends to the burgeoning smart home ecosystem, where they empower intelligent features that enhance convenience, security, and energy efficiency. Voice-activated devices and virtual assistants, in particular, rely heavily on AI Audio SoCs to understand voice commands and deliver responsive and intuitive services to homeowners.

AI SoCs have also revolutionized the gaming industry by providing the necessary processing power for more realistic and immersive gaming experiences. These chips are instrumental in tasks like real-time ray tracing, AI-driven upscaling, and enhanced sound processing, all of which contribute to more engaging gameplay.

In addition to consumer electronics and gaming, AI SoCs are experiencing growing demand in the field of video surveillance and security. The expansion of AI in video analytics has made facial recognition, object tracking, and automated event detection essential for maintaining security and efficiency in various sectors.

The continuous advancements in AI algorithms and machine learning techniques are further expanding the capabilities of AI SoCs, making them more versatile and adaptable to a wide range of applications. From medical imaging to autonomous vehicles and cashier-less retail stores, the influence of AI SoCs spans diverse industries.

As the Global AI Audio and Video SoC market continues to evolve and adapt to meet the ever-changing technology landscape, these chips are poised to play a central role in shaping the future of audio and video processing. They are driving the development of more intelligent and interactive content, contributing to enhanced security, convenience, and entertainment for consumers and industries worldwide.

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The global AI Audio and Video SoC market is segmented into product, application area, and region. Based on product, the market is segmented into AI Audio SoC, AI Video SoC, AI Audio Video Integrated SoC. Based on application area, the market is segmented into automotive, industrial, smart home, consumer electronics, others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Based on application area, consumer electronics dominated in the global AI Audio and Video SoC market in 2023. Consumer electronics, including smartphones, smart speakers, and smart TVs, have witnessed a widespread integration of AI Audio and Video SoCs. These chips play a pivotal role in enhancing user experiences, offering voice recognition, image processing, and content recommendations. The ubiquity of consumer electronics in daily life makes this segment a major driver of AI SoC market demand.

The smart home industry is flourishing, with an increasing number of AI-enabled devices, such as voice-controlled assistants, security cameras, and home automation systems. AI Audio and Video SoCs are at the heart of this ecosystem, powering the intelligent features that make homes more convenient, secure, and energy-efficient.

The rise of voice-activated devices and virtual voice assistants has been a defining trend in consumer electronics. Devices like Amazon Echo and Google Home rely on AI Audio SoCs to understand voice commands and provide responses, revolutionizing the way consumers interact with technology in their homes.

Consumer demand for high-quality audio and video experiences is met through AI Audio and Video SoCs. These chips enable features like upscaling, noise reduction, and content optimization, ensuring that users enjoy superior audiovisual quality when streaming content, gaming, or using video conferencing services.

Key market players in the global AI Audio and Video SoC market are: –

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

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“The Global AI Audio and Video System on Chip (SoC) market is experiencing rapid growth, driven by the seamless integration of artificial intelligence into audio and video processing. AI SoCs have become central to enhancing user experiences by making audio and video content smarter, more immersive, and interactive. They are extensively adopted in consumer electronics, smart home applications, gaming, video surveillance, and diverse industries. Continual advancements in AI algorithms and machine learning techniques further expand their capabilities. As AI SoCs continue to evolve and adapt, they are poised to shape the future of audio and video processing, offering enhanced security, convenience, and entertainment for consumers and industries worldwide.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“AI Audio and Video SoC Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (AI Audio SoC, AI Video SoC, AI Audio Video Integrated SoC), By Application Area (Automotive, Industrial, Smart Home, Consumer Electronics, Others), By Region, and By Competition, 2019-2029,” has evaluated the future growth potential of Global AI Audio and Video SoC Marketand provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global AI Audio and Video SoC Market.

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