Consumer Audio Market Research Report — Global Forecast till 2027

Global Consumer Audio Market Research Report: Information by Product (Headphones, Headsets, Speaker Systems, Soundbars, Microphones, and Others), Connectivity (Wired and Wireless), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027

ID: MRFR/SEM/8985-HCR | March, 2021 | Region : Global

Market Synopsis


The global consumer audio market is estimated to reach USD 138 billion by 2026, registering a CAGR of 14.2% during the forecast period of 2020–2026.


Consumer audio comprises audio electronics intended for home entertainment use, such as shelf stereos, music centers, and surround sound receivers.These equipment are designed to have pleasing looks, and they are meant to sound just pleasing. However, these consumer equipment can seldom fulfill the needs of a serious music producer, audiophile and anyone who is seriously interested in the sound quality rather than looks. The ever-increasing demand from consumers for new features, better quality and lower prices put a constant strain on audio and electronics manufacturers to differentiate on cost efficiency, shorter time to market and outstanding performance. Some of the factors fueling the growth of the global consumer audio market include rising demand for infotainment devices, increasing adoption of advanced wireless audio devices, and proliferation of connected homes. Moreover, increasing demand for home theaters and LCDs is expected to create opportunities in the global market. However, bandwidth constraints and health concerns of audio systems might hamper the market growth over the forecast period.


Industry News



  • In March 2021, HiSense partnered with DTS to develop products featuring DTS Play-Fi wireless multi-room audio and surround sound technologies. Hisense will design and manufacture products to be globally distributed in the second half of 2021.

  • In February 2021, Sennheiser announced plans to sell its consumer audio business, which consists of headphones and soundbars. The company plans to shiftits focus entirely to professional audio, including its Neumann microphone division and what Sennheiser calls business communications.

  • In June 2020, Infinity Systems, a daughter company of tech firm Harman, launched Infinity’s new soundbar- Infinity Sonic B200 and headphone Infinity Glide 510.The Infinity Sonic B200 features160W peak power, including a dedicated wireless subwoofer which is expected to providea cinematic, bass-rich experience right for the living room.

  • In May 2020, Samsung Electronics Co. launched an innovative new series of soundbars—all designed to deliver immersive, captivating sound quality that will enhance the home theater experience. The new Q, T, and S Soundbar Series seamlessly integrate with Samsung’s wide-ranging TV lineup, with premium design to suit the needs of any consumer’s home environment.


Segmentation


The global consumer audio market has been segmented based onproduct, connectivity, and region.


By product, the global consumer Audio Market has been segmented into headphones, headsets, speaker systems, soundbars, microphones, and others.


By connectivity, the global consumer Audio Market has been segmented into wired and wireless.


By region, the consumer Audio Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Global Consumer Audio Market, 2018–2026 (USD Million)

Consumer Audio Market


Source: MRFR Analysis


Regional Analysis


The global consumer Audio Market is estimated to grow at a significant rate during the forecast period from 2020 to 2026. The geographic analysis of Consumer Audiohas been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East & Africa and South America). Among these regions, North America dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period. On the other hand, Asia-Pacific is expected to witness the fastest growth during the forecast period. The rising adoption of home theatre systems for residential use and increasing smart home deployments in the region are expected to fuel the regional market growth.


Key Players


MRFR has identified the keyplayers in the global consumer audiomarket. 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. These players focus on innovation and,thus, invest in research & development to present a cost-effective product portfolio. There have been recent mergers & acquisitions among the key players, which is a strategy that several business entities leverage to strengthen their reach to the customers.


Intended Audience



  • Investors and Consultants

  • Government Organizations

  • Research/Consultancy Firms

  • Manufacturers

  • Safety Providers

  • Industries

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure

3. Market Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat of New Entrants

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of Substitutes

4.1.4. Intensity of Rivalry

4.1.5. Bargaining Power of Suppliers

4.2. Value Chain/Supply Chain of the Global Consumer Audio Market

5. Market Overview of the Global Consumer Audio Market

5.1. Introduction

5.2. Growth Drivers

5.3. Market Restraints

5.4. Market Opportunities

5.5. Market Challenges

6. Global Consumer Audio Market, by Product

6.1. Introduction

6.2. Headphones

6.2.1. Market Estimates & Forecast, 2020–2027

6.2.2. Market Estimates & Forecast, by Region, 2020–2027

6.3. Headsets

6.3.1. Market Estimates & Forecast, 2020–2027

6.3.2. Market Estimates & Forecast, by Region, 2020–2027

6.4. Speaker Systems

6.4.1. Market Estimates & Forecast, 2020–2027

6.4.2. Market Estimates & Forecast, by Region, 2020–2027

6.5. Soundbars

6.5.1. Market Estimates & Forecast, 2020–2027

6.5.2. Market Estimates & Forecast, by Region, 2020–2027

6.6. Microphones

6.6.1. Market Estimates & Forecast, 2020–2027

6.6.2. Market Estimates & Forecast, by Region, 2020–2027

6.7. Others

6.7.1. Market Estimates & Forecast, 2020–2027

6.7.2. Market Estimates & Forecast, by Region, 2020–2027

7. Global Consumer Audio Market, by Connectivity

7.1. Introduction

7.2. Wired

7.2.1. Market Estimates & Forecast, 2020–2027

7.2.2. Market Estimates & Forecast, by Region, 2020–2027

7.3. Wireless

7.3.1. Market Estimates & Forecast, 2020–2027

7.3.2. Market Estimates & Forecast, by Region, 2020–2027

8. Global Consumer Audio Market, by Region

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, by Country, 2020–2027

8.2.2. Market Estimates & Forecast, by Product, 2020–2027

8.2.3. Market Estimates & Forecast, by Connectivity, 2020–2027

8.2.4. US

8.2.4.1. Market Estimates & Forecast, by Product, 2020–2027

8.2.4.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.2.5. Canada

8.2.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.2.5.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.2.6. Mexico

8.2.6.1. Market Estimates & Forecast, by Product, 2020–2027

8.2.6.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.3. Europe

8.3.1. Market Estimates & Forecast, by Country, 2020–2027

8.3.2. Market Estimates & Forecast, by Product, 2020–2027

8.3.3. Market Estimates & Forecast, by Connectivity, 2020–2027

8.3.4. UK

8.3.4.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.4.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.3.5. Germany

8.3.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.5.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.3.6. France

8.3.6.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.6.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.3.7. Italy

8.3.7.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.7.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.3.8. Rest of Europe

8.3.8.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.8.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, by Country, 2020–2027

8.4.2. Market Estimates & Forecast, by Product, 2020–2027

8.4.3. Market Estimates & Forecast, by Connectivity, 2020–2027

8.4.4. China

8.4.4.1. Market Estimates & Forecast, by Product, 2020–2027

8.4.4.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.4.5. Japan

8.4.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.4.5.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.4.6. India

8.4.6.1. Market Estimates & Forecast, by Product, 2020–2027

8.4.6.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.4.7. Rest of Asia-Pacific

8.4.7.1. Market Estimates & Forecast, by Product, 2020–2027

8.4.7.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.5. Rest of the World

8.5.1. Market Estimates & Forecast, by, Country, 2020–2027

8.5.2. Market Estimates & Forecast, by Product, 2020–2027

8.5.3. Market Estimates & Forecast, by Connectivity, 2020–2027

8.5.4. The Middle East & Africa

8.5.4.1. Market Estimates & Forecast, by Product, 2020–2027

8.5.4.2. Market Estimates & Forecast, by Connectivity, 2020–2027

8.5.5. South America

8.5.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.5.5.2. Market Estimates & Forecast, by Connectivity, 2020–2027

9. Competitive Landscape

10. Company Profiles

10.1. Apple Inc.

10.1.1. Company Overview

10.1.2. Product/Business Segment Overview

10.1.3. Financial Updates

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

10.2. HARMAN International Industries, Inc.

10.2.1. Company Overview

10.2.2. Product/Business Segment Overview

10.2.3. Financial Updates

10.2.4. Key Developments

10.2.5. SWOT Analysis

10.2.6. Key Strategies

10.3. Bose Corporation

10.3.1. Company Overview

10.3.2. Product/Business Segment Overview

10.3.3. Financial Updates

10.3.4. Key Developments

10.3.5. SWOT Analysis

10.3.6. Key Strategies

10.4. Sonos, Inc.

10.4.1. Company Overview

10.4.2. Product/Business Segment Overview

10.4.3. Financial Updates

10.4.4. Key Developments

10.4.5. SWOT Analysis

10.4.6. Key Strategies

10.5. Sony Corporation

10.5.1. Company Overview

10.5.2. Product/Business Segment Overview

10.5.3. Financial Updates

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. DEI Holdings, Inc.

10.6.1. Company Overview

10.6.2. Product/Business Segment Overview

10.6.3. Financial Updates

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. Sennheiser Electronic GmbH & Co. Kg

10.7.1. Company Overview

10.7.2. Product/Business Segment Overview

10.7.3. Financial Updates

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. VIZIO, Inc.

10.8.1. Company Overview

10.8.2. Product/Business Segment Overview

10.8.3. Financial Updates

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. VOXX International Corporation

10.9.1. Company Overview

10.9.2. Product/Business Segment Overview

10.9.3. Financial Updates

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. Plantronics, Inc.

10.10.1. Company Overview

10.10.2. Product/Business Segment Overview

10.10.3. Financial Updates

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies

10.11. Ossic Corporation

10.11.1. Company Overview

10.11.2. Product/Business Segment Overview

10.11.3. Financial Updates

10.11.4. Key Developments

10.11.5. SWOT Analysis

10.11.6. Key Strategies

10.12. Phazon

10.12.1. Company Overview

10.12.2. Product/Business Segment Overview

10.12.3. Financial Updates

10.12.4. Key Developments

10.12.5. SWOT Analysis

10.12.6. Key Strategies

10.13. Trüsound Audio

10.13.1. Company Overview

10.13.2. Product/Business Segment Overview

10.13.3. Financial Updates

10.13.4. Key Developments

10.13.5. SWOT Analysis

10.13.6. Key Strategies

10.14. Jam

10.14.1. Company Overview

10.14.2. Product/Business Segment Overview

10.14.3. Financial Updates

10.14.4. Key Developments

10.14.5. SWOT Analysis

10.14.6. Key Strategies

10.15. Earin

10.15.1. Company Overview

10.15.2. Product/Business Segment Overview

10.15.3. Financial Updates

10.15.4. Key Developments

10.15.5. SWOT Analysis

10.15.6. Key Strategies

11. Conclusion


LIST OF TABLES

Table1 Global Consumer Audio Market, by Country, 2020-2027

Table2 North America: Consumer Audio Market, by Country, 2020–2027

Table3 Europe: Consumer Audio Market, by Country, 2020–2027

Table4 Asia-Pacific: Consumer Audio Market, by Country, 2020–2027

Table5 South America: Consumer Audio Market, by Country, 2020–2027

Table6 North America: Consumer Audio Market, by Country, 2020–2027

Table7 North America: Consumer Audio Market, by Product, 2020–2027

Table8 North America: Consumer Audio Market, by Connectivity, 2020–2027

Table9 Europe: Consumer Audio Market, by Country, 2020–2027

Table10 Europe: Consumer Audio Market, by Product, 2020–2027

Table11 Europe: Consumer Audio Market, by Connectivity, 2020–2027

Table12 Asia-Pacific: Consumer Audio Market, by Country, 2020–2027

Table13 Asia-Pacific Consumer Audio Market, by Product, 2020–2027

Table14 Asia-Pacific: Consumer Audio Market, by Connectivity, 2020–2027

Table15 Middle East & Africa: Consumer Audio Market, by Country, 2020–2027

Table16 Middle East & Africa: Consumer Audio Market, by Product, 2020–2027

Table17 Middle East & Africa: Consumer Audio Market, by Connectivity, 2020–2027

Table18 South America: Consumer Audio Market, by Country, 2020–2027

Table19 South America: Consumer Audio Market, by Product, 2020–2027

Table20 South America: Consumer Audio Market, by Connectivity, 2020–2027


LIST OF FIGURES

Figure 1 Global Consumer Audio Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of the Global Consumer Audio Market

Figure 4 Value Chain of the Global Consumer Audio Market

Figure 5 Share of the Global Consumer Audio Market in 2020, by country (in %)

Figure 6 Global Consumer Audio Market, 2020–2027

Figure 7 Share of the Global Consumer Audio Market by Industry, 2020–2027

Figure 8 Global Consumer Audio Market Size, by Product, 2020

Figure 9 Share of the Global Consumer Audio Market, by Product, 2020–2027

Figure 10 Global Consumer Audio Market Size, by Connectivity, 2020

Figure 11 Share of the Global Consumer Audio Market, by Connectivity, 2020–2027