The Global Consumer Audio Market is Expected to Register a CAGR of 14% from 2020 to 2027 : MRFR :

Pune, India, April 2021, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Consumer Audio Market.

Market Overview

Market Research Future (MRFR) announces the publication of its half-cooked research report—Global Consumer Audio Market 2020–2026.

According to MRFR, the global consumer Audio Market has been segmented based on product, connectivity, and region.

The demand for consumer audio is expected to increase due to the rising adoption of wireless audio devices from commercial sectors. Furthermore, the growing demand for IoT and shift to wards smart homes in developing countries are also expected to propel market growth. However, health issues resulting from prolonged use of audio devices might hamper the market growth over the forecast period.

By product, the global consumer Audio Market has been segmented into headphones, headsets, speaker systems, sound bars, microphones, and others. Sound bars are designed for apartments or venues where discrete speakers are not desired throughout the room. Self-powered sound bars often support a wireless subwoofer for maximum bass response, which can be conveniently located anywhere in the room. Home theatre speaker system is a combination of electronic components designed to recreate the experience of watching a movie in a theater. A home theater system enables you to reproduce the sound and video quality of a commercial movie theater in one’s own living room. A basic home theater system consists of a television, a DVD or Blu-ray player, an A/V receiver that supports surround sound, and five speakers.

By connectivity, the global consumer Audio Market has been segmented into wired and wireless. The integration of wireless technologies in an IC leads to the development of cost-effective and compact wireless audio devices. Consumers are opting for such technologies due to uninterrupted connectivity to different devices from their smartphones. Bluetooth, GPS, and Wi-Fi, among other technologies, increase the utility of smartphones by offering them high-speed connectivity.

By region, the consumer Audio Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America dominated the consumer Audio Market in 2019 and is expected to maintain its dominance throughout the forecast period. The emergence of industrial IoT and digitization is expected to propel the demand for consumer audio systems in this region. On the flip side, Asia-Pacific is expected to witness the fastest growth over the forecast period. The increasing deployment of data centers in developing countries is one of the major factors fueling the regional market growth.

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Key Players

Some of the prominent players operating in the consumer audio market are 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.