AI Audio and Video SoC Market 2022, Global Industry Size, Growth, Share, Value And Regional Estimation 2028

Market Overview:
The Global AI Audio and Video SoC Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

Artificial intelligence (AI) has become one of the most exciting technologies as a result of recent technological developments. System-on-chip (SoC) architectures must be redesigned by semiconductor businesses in order to support better scalable levels of performance, flexibility, efficiency, and integration. A single integrated circuit (SoC) is a microchip that houses all of the electronic circuits and components needed for a particular system, such as a smartphone or wearable computer. Over the course of the analysis period, it is anticipated that the use of virtual assistants in smartphones and the integration of SoC in transportation for fleet management and autonomous driving will support the growth of the AI audio and video SoC market.

Market Dynamics:
Driver:
The Popularity of Autonomous Driving is Growing
Roadways are becoming safer and more effective thanks to autonomous vehicles, which are altering the way people travel, live, and work. Massive computer power and knowledge of large-scale production software are needed to achieve these game-changing benefits. The SoCs used in self-driving cars include cameras and other Lidar sensors. Autonomous vehicles can process massive amounts of sensor data and make driving decisions in real-time thanks to this video-processing SoC.

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Opportunities:
The Incredible Growth of Smart Appliances Due to trends in smart homes
In addition to performing standard tasks like turning off lights, dimming lights, and closing curtains, smart homes are capable of carrying out complex actions like immediately lighting up exit routes in the event of a fire alert. Security cameras, utility metres, and thermostats are just a few examples of the domestic appliances whose connectivity has evolved into a high-end novelty. In the upcoming years, it is anticipated that connectivity will spread more widely and even become a standard in almost all appliances and equipment used in homes.

Segmentation Analysis of AI Audio and Video SoC Market
By Product Type, the AI audio SoC segment is anticipated to have the highest share of the market over the analysis period. The growing popularity of voice-activated digital assistant devices is the major driving force for the development of AI audio SoC. With the increasing adoption of voice-enabled applications such as smart assistants, including features such as voice commands and voice search, smart processing, and sensing designs are proliferating.

By Application, the smart home segment is expected to lead the development of the AI audio and video SoC market over the analysis period. The rise in the adoption of voice assistant devices and smart speakers is the major driving force behind the segment's growth. According to Statista, the global shipment of smart speakers is estimated at 186-million-unit FY 2021. This rise in the adoption rate is attributed to the rising popularity of smart home technology. The largest markets for smart speakers are China and the United States.

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By Product
• AI Audio SoC
• AI Video SoC
• AI Audio Video Integrated SoC

By Technology
• Automotive
• Industrial
• Smart Home
• Consumer Electronics
• Others

Regional Analysis of AI Audio and Video SoC Market
North American region is anticipated to have the highest share of the AI Audio and Video SoC market over the analysis period attributed to the growing popularity of automated vehicles in the region. Vehicle automation provides several benefits. Fully autonomous vehicles will assist to reduce driver distraction, which is responsible for the majority of highway fatalities. According to the US National Highway Traffic Safety Administration (NHTSA), human error or poor driving decisions are responsible for 94% of highway deaths. Around 42,900 drivers succumbed to death on American roads in 2021, indicating that a sophisticated self-driving system has enormous humanitarian potential.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Top Key Players Covered In AI Audio and Video SoC Market
• Big Fish
• Qualcomm
• Dolphin Design
• Synaptics Incorporated
• Axis Communications AB
• Nvidia
• Intel
• IBM
• Kneron
• Atlazo Inc.
• Ambarella
• Silicon Labs
• MediaTek Inc
• Socionext and Other Major Players.

Key Industry Developments In AI Audio and Video SoC Market
• In March 2022, Lucid Motors announced that it will use Nvidia's auto-grade computer chips in its vehicles to allow advanced driver assistance and autonomous driving features. The automaker's current and future lineups will be developed on Nvidia's end-to-end Drive Hyperion platform. Orin is the chipmaker's SoC, similar to Tesla's Full Self-Driving chip or Intel's Mobileye EyeQ.

• In February 2022, Synaptics Incorporated announced the launch of SYN4381 Triple Combo system on chip (SoC), the first to combine Wi-Fi 6/6E (802.11ax with extended 6 GHz operation), Bluetooth®5.2 (BT 5.2) with BLE Audio and High Accuracy Distance Measurement (HADM), and IEEE 802.15.4 with built-in support for the Thread protocol and Matter application layer.

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