The AI Audio And Video SoC Market is being driven by Proliferation of smart home and Internet of Things devices
The AI Audio And Video SoC Market is expected to grow at a CAGR of 44.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 33411.1 million. The global AI audio and video SoC market is witnessing a transformative shift towards on-device generative artificial intelligence. Previously, AI workloads on edge devices primarily focused on analytical tasks such as classification, recognition, and detection. However, the current trend signifies a major paradigm change, with SoCs being engineered to execute intricate generative models directly on the device. This enables the creation of original content, including text, images, and audio, without the need for cloud servers. This transition is fueled by consumer demand for instantaneous, personalized experiences, heightened data privacy concerns, and applications that function effectively without a consistent internet connection.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
238 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 44.4% |
Market growth 2025-2029 |
USD 33411.1 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
35.2 |
Key countries |
US, China, Japan, India, Canada, Germany, UK, South Korea, France, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The AI Audio and Video SoC market encompasses advanced technologies such as audio watermarking, video metadata extraction, semantic video search, and AI-driven video summarization. Additionally, it includes facial recognition technology, object tracking algorithms, emotion detection systems, and sentiment analysis tools for video accessibility. Immersive audio experiences, interactive video ads, and dynamic content insertion are also part of this market, along with real-time transcription services, speech synthesis technology, and noise reduction algorithms. Furthermore, it offers echo cancellation techniques, audio localization systems, and immersive audio formats like Dolby Atmos. The market also provides video codec comparison, adaptive bitrate streaming, low-latency video transmission, HDR video support, and 8k video processing. (50 words) The AI Audio and Video SoC market incorporates innovative technologies such as audio watermarking, video metadata extraction, semantic video search, and AI-driven video summarization.
The AI Audio and Video System-on-Chips (SoC) market is a significant segment of the global technology hardware, storage, and peripherals market, which encompasses manufacturers of cellular phones, personal computers, servers, electronic components, and peripherals. This market is driven by the increasing demand for advanced audio and video processing technologies, including ai-powered video editing, audio processing algorithms, speech-to-text conversion, and real-time video streaming. The global technology hardware, storage, and peripherals market size is determined by the revenue generated from sales of hardware devices, equipment, and components. Key growth drivers include the escalating volume, velocity, veracity, and variety (4Vs) of data, necessitating the development of more sophisticated data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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