Global Consumer Audio Market, By Product Type (Headphones, Headsets, Speaker Systems, Soundbars, Microphones, Others), Technology (Smart Devices, Non-smart Devices), Functionality (Bluetooth, Wi-Fi, Bluetooth+Wi-Fi, Airplay, Radio Frequency, Others), Connectivity (Wired, Wireless), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Consumer Audio Market
The consumer audio market size is valued at USD 196,324 million by 2028 is expected to grow at a compound annual growth rate of 14.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on consumer audio provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Consumer audio are the type of audio electronics intended for home entertainment use, such as music centers, shelf stereos and surround sound receivers. These equipments are designed to have pleasant looks and they are predestined to pleasing sound.
The high demand for infotainment devices is expected to influence the growth of consumer audio market over the forecast period of 2021 to 2028. Also the increase in the levels of smart homes and proliferation of connected homes are also anticipated to flourish the growth of the consumer audio market. Furthermore, the increase in use of wireless audio devices in commercial sector and high R&D Expenditure by OEMs for development of new and advanced wireless audio devices are also likely to positively impact the growth of the market. Moreover, the technologically advanced features integrated in devices with the mounting popularity of audio technologies are also expected create a huge demand for consumer audio as well as lifting the growth of the consumer audio market.
However, the various bandwidth constraints and rise in health concerns of audio systems are expected to act as the major limitations for the growth of consumer audio in the above mentioned forecasted period, whereas the limitations on use of radio frequency spectrum by wireless audio equipment can challenge the consumer audio market growth in the forecast period of 2021 to 2028.
Likewise, the high demand for home theaters and LCDs and high adoption of advanced wireless audio devices are expected to create various new opportunities that will lead to the growth of the consumer audio market in the above mentioned forecasted period.
This consumer audio market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the consumer audio market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Consumer Audio Market Scope and Market Size
The consumer audio market is segmented on the basis of product type, technology, functionality and connectivity. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The consumer audio market is segmented on the basis of product type into headphones, headsets, speaker systems, soundbars, microphones and others. Others have further been segmented into audio/video (A/V) controllers, A/V receivers, power amplifiers, radio tuners and dedicated speaker docks.
- On the basis of technology, the consumer audio market is segmented into smart devices and non-smart devices.
- Based on functionality, the consumer audio market is segmented into bluetooth, Wi-Fi, Bluetooth+Wi-Fi, airplay, radio frequency and others. Others have further been segmented into all play, wireless speaker and audio (WISA), skaa, play-fi, kleernet and infrared (IR).
The connectivity segment of the consumer audio market is segmented into wired and wireless.
Consumer Audio Market Country Level Analysis
The consumer audio market is analyzed and market size, volume information is provided by country, product type, technology, functionality and connectivity as referenced above.
The countries covered in the consumer audio market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the consumer audio market because of the increase in use of audio devices in commercial sector. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to high adoption of home theatre systems for residential use and increase in smart home deployments.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Consumer Audio Market Share Analysis
The consumer audio market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to consumer audio market.
The major players covered in the consumer audio market report are HARMAN International, Apple Inc., Bose Corporation, JVCKENWOOD Corporation, Koninklijke Philips N.V., Panasonic Corporation, Plantronics, Inc., Onkyo & Pioneer Corporation, Sennheiser electronic GmbH & Co. KG, Devialet, Jaybird, Samsung, Shure Incorporated., VOXX International Corp., Skullcandy, Inc., SONY INDIA., Zebronics India Pvt. Ltd., Earin, Trüsound Audio, MIVI, Audio-Technica, beyerdynamic GmbH & Co. KG, and DALI A/S among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.