Consumer Audio Market Analysis
Market Research Future (MRFR) projects the global Consumer Audio Market size to reach USD 138
billion, registering a CAGR of 14.2% from 2020–2026 (forecast period).
Consumer
audio refers to audio electronics designed for home entertainment, such as
shelf stereos, music centers, and surround sound receivers. These equipment are
intended to be visually appealing as well as audibly pleasing. Nevertheless,
these consumable goods rarely meet the criteria of a genuine music producer,
audiophile, or someone who is more concerned with sound quality than
appearance. Consumer demand for more features, higher quality, and cheaper
pricing is always increasing, putting pressure on audio and electronics
manufacturers to differentiate on cost efficiency, shorter time to market, and
superior performance. Rising demand for infotainment devices, increased
acceptance of advanced wireless audio devices, and the proliferation of
connected homes are some of the reasons driving the worldwide consumer audio
market's growth. Furthermore, the rising demand for home theatres and LCDs is
likely to open up new prospects in the global market.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/10465
Market Segmentation
The worldwide consumer audio market has been
segmented based on product, connectivity, and region.
On the basis of product, the worldwide consumer
audio market has been segmented into headphones, headsets, speaker systems,
soundbars, microphones, and others.
On the basis of connectivity, the worldwide consumer
audio market has been segmented into wired and wireless.
Regional Analysis
North America to Dominate the Global Market
North America dominated the global market in 2019
and is predicted to do so throughout the forecast period. The increasing
adoption of home theatre systems for residential use and increasing smart home
deployments in the region are projected to fuel the regional market growth.
Key Players
MRFR has recognized the key players in the global
consumer audio market. These include Apple Inc., HARMAN International
Industries, Inc., Bose Corporation, Sonos, Inc., Sony Corporation, DEI
Holdings, Inc., Sennheiser Electronic GmbH & Co. Kg, VIZIO, Inc., VOXX
International Corporation, Plantronics, Inc., Ossic Corporation, Phazon,
Trüsound Audio, Jam, Earin, Human Inc., Bragi, Jaybird, Devialet, and Dali A/S.
Industry News
In March 2021, HiSense collaborated with DTS to
develop products that will use DTS Play-Fi wireless multi-room audio and
surround sound technologies. Hisense will design and manufacture products that
will be sold globally in the second half of 2021.
In February 2021, Sennheiser confirmed plans to sell
its consumer audio business, including headphones and soundbars. The company
intends to devote its full attention to professional audio, including its
Neumann microphone division and what Sennheiser refers to as business
communications.
In June 2020, Infinity Systems, a subsidiary of
Harman, launched its new soundbar, the Infinity Sonic B200, and headphone, the
Infinity Glide 510. The Infinity Sonic B200 has 160W peak power and a dedicated
wireless subwoofer, which should provide a cinematic, bass-rich experience
right in your living room.
In May 2020, Samsung Electronics Co. launched an
innovative new series of soundbars, all of which are designed to deliver
immersive, captivating sound quality that will enhance the home theatre
experience. The new Q, T, and S Soundbar Series integrate seamlessly with
Samsung's extensive TV lineup, with premium design to suit the needs of any
consumer's home environment.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/consumer-audio-market-10465
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment