Audio Interface Market - Size, Industry Share, Growth Trends and Forecasts (2023 - 2031)

By Type :

Based on the type, the market is segmented into universal serial bus (USB), thunderbolt, firewire, and others. The universal serial bus (USB) segment accounted for the largest revenue share of 41.83% in the year 2022. USB interface refers to a compact device used for connecting to a computer through USB and is designed for facilitating high-quality audio input and output. It enables recording and playback of audio signals from instruments, microphones, and speakers, while enhancing sound quality for tasks including podcasting, music production, live streaming, and others. Moreover, USB interface offers a range of benefits including faster speed, high reliability, low-latency performance, improved sound quality, lower cost, and support for multiple devices among others.

For instance, Focusrite Audio Engineering Limited offers a broad range of USB interfaces including Scarlett Solo Studio, Scarlett 2i2, Scarlett 4i4, and other models in its product portfolio. The company's interfaces are designed for utilization in a range of personal and professional applications. The audio interface market analysis concluded that rising innovation associated with USB interfaces for personal and professional applications is among the prime factors driving the expansion of the market.

The thunderbolt segment is anticipated to register fastest CAGR growth during the forecast period. It refers to a hardware interface that is designed for connecting several external peripherals for fast data transfer between a computer and multiple attached peripherals. Moreover, thunderbolt interface offers multiple benefits including lower latency, higher bandwidth, and faster speed among others. Analysis of market trends concludes that it is primarily used for professional applications among others.

For instance, PreSonus Audio Electronics Inc. offers Quantum series of thunderbolt audio interfaces in its product portfolio. It features extremely high-quality audio conversion with seamless multi-platform workflow. Therefore, rising advancements related to thunderbolt interface for deployment in professional applications are anticipated to boost the proliferation of the market during the forecast period.

By Component :

Based on the component, the market is segregated into hardware and software. In 2022, the hardware segment accounted for the highest audio interface market share. The primary hardware components used in interfaces include microphone preamplifiers, analog to digital/digital to analog converters, and others. The hardware components of interface are used for linking the audio elements and help in conversion of analog/digital signals into electronic audio information.

For instance, in October 2023, Solid State Logic launched its new studio tools including the Pure Drive Octo and Pure Drive Quad microphone preamplifiers. The microphone preamplifiers are available in 8-channel and 4-channel configurations. Therefore, the increasing innovations associated with hardware components of an interface is a vital factor proliferating the audio interface market growth.

The software component segment is anticipated to register fastest CAGR growth during the forecast period. Interface software features a multi-format audio engine that enables users to obtain the required interface program to make recordings sound clearer with improved audio quality.

For instance, Adobe Audition, Total Studio 2 MAX, Virtual Audio Cable are among few of the audio interface software available for personal and professional applications. The audio interface market analysis concluded that the increasing availability of software is a key factor projected to drive the expansion of the segment during the forecast period.

By Application :

Based on the application, the market is segregated into personal and professional. In 2022, the professional segment accounted for the highest audio interface market share. Assessment of market trends suggest that factors including increasing popularity of on-demand audio content, rising online music production, and growing demand for podcast content from the music industry are among the major aspects driving the utilization of interfaces for professional application.

For instance, Universal Audio offers Apollo series of audio interfaces that are specifically designed for professional applications. They are designed for professional studios and musicians among others. Therefore, the rising development of interfaces for use in professional applications is accelerating the audio interface market growth.

Personal segment is expected to witness fastest CAGR growth during the forecast period. The development of personal application segment is primarily driven by multiple factors including growing consumer shift towards digital content for learning and entertainment activities, increasing penetration of social media for content distribution, and rising popularity of live streaming among others.

For instance, TASCAM offers MiNiSTUDIO Creator US-42B series of audio interface, particularly optimized for personal broadcasting application. The interface supports Windows and Mac OS along with audio resolution up to 96 kHz. Analysis of audio interface market trends concludes that the growing innovations associated with interface for deployment in personal applications are projected to drive the market expansion during the forecast period.

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America is estimated to reach over USD 112.39 Million by 2031 from a value of USD 70.13 Million in 2022 and is projected to grow by USD 72.44 Million in 2023.

The market growth in the North American region is mainly driven by multiple factors including rising popularity of podcasting, increasing penetration of social media, and rising consumption of live streaming content among others. Analysis of audio interface market trends concludes that the rising integration of interfaces for podcasting to enhance sound quality, enable real-time monitoring, and adjust input levels to ensure optimum audio quality during podcasts has been a prevalent factor for market expansion in the region.

For instance, according to Forbes, the total number of podcast listeners in the United States reached up to 100 million active listeners in 2022, depicting a rise of 25% in the share from 82 million listeners in 2021. Hence, the increasing popularity of podcasting is fostering the utilization of interfaces to adjust input levels and ensure optimum audio quality during podcasts. The above factors are driving the proliferation of market in North America.

Asia-Pacific is expected to grow with the highest CAGR growth of 6.0% and is estimated to reach over USD 83.60 Million by 2031 from a value of USD 50.66 Million in 2022 and is projected to grow by USD 52.46 Million in 2023. In addition, in the region, the China accounted for the maximum revenue share of 34.20% in the same year.

Factors including the development of media & entertainment sector along with rise in online music production and live streaming are driving the market proliferation in the Asia-Pacific region.

For instance, Tencent Music Entertainment, a Chinese company which currently consist of over 47 million online-music subscribers, recently launched a live-streaming platform called TME Live that provides high-quality virtual concerts to its audiences. Hence, the growing popularity of live streaming is driving the adoption of interfaces for controlling the audio sources and sending audio signals to the computer for live streaming, thereby, boosting the market expansion in the Asia-Pacific region.