Global Networked Audio Products Market, By Product Type (AirPlay, Bluetooth, Digital Living Network Alliance (DLNA), Play-Fi, Sonos), Application (Household, Commercial, Office, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Networked Audio Products Market
Networked audio products market is expected to grow at a compound annual growth rate of 6.20% for the forecast period of 2021 to 2028. Networked audio products market report analyses the growth, which is currently being growing due to the increasing consumer demand for high-performance audio devices.
Networked audio products are the type of audio devices that are connected to each other with the help of a master speaker that is connected using media streaming technology. Some of the top media streaming technologies in networked audio devices consist of AirPlay, Play-Fi, Bluetooth, Digital Living Network Alliance (DLNA) and Sonos. Networked audio products also help in transferring digital media content from a media streaming mobile app to unlike networked audio devices via a Wi-Fi network.
The increased R&D expenditure by OEMS for growth of new and advanced networked audio devices is one of the primary factors driving the networked audio products market growth rate. Moreover, the increase in use of audio devices in commercial sector as well as the the growing need for smart homes is driven by the high demand for energy conservation, convenience, and connectivity amongst home devices are also fueling the growth of the networked audio products market in the forecast period of 2021 to 2028. Also the market is largely driven by the technologically advanced features incorporated in devices with the increasing popularity of audio technologies. While, the networked audio devices ease the communication between networked devices using the home network and provide easy streaming of content, such as videos and music which is also one of the major factor driving the growth of the networked audio products market in the above mentioned forecast period. Also, the rising disposable incomes and rapid surge in global demand for infotainment devices are also highly impacting the growth of the networked audio products market. Likewise the increasing demand from the food industry is also boosting the growth of the target market. Moreover, the key manufacturers are investing in R&D of networked audio products to offer an efficient product which is also fueling the market growth in the forecast period of 2021 to 2028.
In addition, the rising government initiatives are also supporting smart homes for a better living are driving the growth of smart homes will further bring various opportunities that will lead to the growth of the networked audio products market in the above mentioned forecast period. However, the various health issues resulting from prolonged use of audio devices are the major limiting factor for networked audio products market, whereas the various effects of bandwidth constraints, coding delays and bit errors on audio quality have the potential to challenge the growth of the networked audio products market in the forecast period of 2021 to 2028.
This networked audio products 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, geographical expansions, technological innovations in the market. To gain more info on networked audio products 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 Networked Audio Products Market Scope and Market Size
Networked audio products market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the networked audio products market is segmented into airplay, bluetooth, digital living network alliance (DLNA), play-fi and sonos.
- The application segment the networked audio products market is segmented into household, commercial, office and others.
Networked Audio Products Market Country Level Analysis
Networked audio products market is analyzed and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the networked audio products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the networked audio products market because of the rapid increase in disposable income and the strong presence of major region based vendors in this particular region.
The country section of the networked audio products market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Networked Audio Products Market Share Analysis
Networked audio products 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, global presence, production sites and facilities, production capacities, 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 network audio products market.
The major players covered in the networked audio products market report are Pioneer Corporation, SAMSUNG, Sonos Inc, Yamaha Corporation, Cambridge Audio, Cirrus Logic, Inc., Sound United, LLC, gracedigital, Logitech, Naim Audio, IntelliTouch On-Hold Plus, QSC, LLC, Aimil Ltd, Roku, Inc., RH Consulting, Guangzhou DSPPA Audio Co., Ltd., Sherwood, SONY INDIA, TEAC and TOA Electronics Europe GmbH 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.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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