<br>DUBLIN–( BUSINESS WIRE)– The “Audio Equipment Market Opportunities and Strategies to 2034” report has actually been contributed to ResearchAndMarkets.com’s offering.<br>ccnstore.com
<br>The international audio equipment market reached a value of nearly $64.42 billion in 2024, having grown at a compound yearly development rate (CAGR) of 5.27% because 2019. The marketplace is expected to grow from $64.42 billion in 2024 to $77.81 billion in 2029 at a rate of 3.85%. The marketplace is then anticipated to grow at a CAGR of 3.11% from 2029 and reach $90.71 billion in 2034.<br>radiok8kk.com
<br>This report explains and explains the audio equipment market and covers 2019-2024, called the historic duration, and 2024-2029, 2034F termed the projection duration. The report evaluates the market across each area and for the major economies within each region.<br>
<br>Growth in the historical period resulted from the growing need from automobile market, increasing appeal of music streaming services, growth of gaming industry and development of the movie and media industry. Factors that adversely impacted development in the historical period were high import tariffs and rising labor expenses. Moving forward, increasing popularity of smartphones, growth of wise homes, rising social networks impact and boost e-commerce penetration. Factor that could hinder the development of the audio devices market in the future consist of regulative compliance and energy intake issues.<br>
<br>Asia-Pacific was the largest region in the audio equipment market, representing 30.82% or $19.85 billion of the overall in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the audio equipment market will be Middle East and Africa where growth will be at CAGRs of 10.70% and 9.03% respectively. These will be followed by South America and Eastern Europe where the markets are expected to grow at CAGRs of 7.74% and 3.82% respectively.<br>
<br>The worldwide audio devices market is relatively fragmented, with a large number of little gamers operating in the market. The top ten competitors in the market made up to 22.52% of the total market in 2023. Apple Inc. was the biggest rival with a 6.45% share of the marketplace, followed by Sony Corp. with 4.64%, Electronics Co., Ltd. (Harman International). with 2.68%, Sonos, Inc. with 2.55%, Xiaomi Corporation. with 2.06%, Panasonic Corporation. with 1.52%, Bose Corporation with 0.79%, Koninklijke Philips N.V. with 0.71%, Huawei Technologies Co., Ltd. with 0.61% and Pioneer Corporation. with 0.51%.<br>
<br>The audio equipment market is segmented by type into loudspeakers, microphones, amplifiers, turntables and other types. The speakers market was the biggest sector of the audio equipment market segmented by type, representing 45.52% or $29.32 billion of the total in 2024. Going forward, the speakers segment is anticipated to be the fastest growing segment in the audio equipment market segmented by type, at a CAGR of 3.93% throughout 2024-2029.<br>
<br>The audio equipment market is segmented by technology into wired and cordless. The wireless market was the biggest segment of the audio devices market segmented by innovation, representing 63.19% or $40.7 billion of the overall in 2024. Going forward, the cordless section is anticipated to be the fastest growing sector in the audio devices market segmented by innovation, at a CAGR of 4.20% throughout 2024-2029.<br>
<br>The audio equipment market is segmented by end-user into B2B and B2C. The B2B market was the largest section of the audio equipment market segmented by end-user, representing 54.61% or $35.18 billion of the total in 2024. Moving forward, the B2C section is anticipated to be the fastest growing section in the audio devices market segmented by end-user, at a CAGR of 4.28% throughout 2024-2029.<br>
<br>The top chances in the audio equipment market segmented by type will arise in the loudspeakers sector, which will gain $6.24 billion of international annual sales by 2029. The leading opportunities in the audio devices market segmented by innovation will arise in the cordless section, which will acquire $9.3 billion of international annual sales by 2029. The top chances in the audio equipment market segmented by end-user will arise in the B2C segment, which will get $6.82 billion of international yearly sales by 2029. The audio devices market size will get the most in the USA at $1.37 billion.<br>
<br>Market-trend-based methods for the audio equipment market consist of developing sophisticated audio/video (AV) receivers and speakers, adopting strategic collaborations approach to develop advanced audio services, establishing next generation clever amplifiers, developing innovative home audio systems, establishing ingenious studio headphones and strategic investments to boost the sound quality, AI-driven audio processing and wise connection.<br>
<br>To take benefit of the opportunities, the analyst suggests the audio devices to concentrate on wise home AV receivers and speakers, concentrate on clever amplifiers for mobile phones, focus on high-fidelity studio earphones for specialists and audiophiles, focus on loudspeakers for continual market development, concentrate on wired audio equipment for strong development, expand in emerging markets, continue to concentrate on industrialized markets, focus on tactical collaborations to drive innovation, supply competitively priced offerings, concentrate on targeted digital marketing, continue to use B2B promotions and concentrate on B2B market growth.<br>
<br>Major Market Trends<br>
<br>- Next-Generation Loudspeakers Delivering Crystal-Clear Sound
– Strategic Partnerships Driving Innovation in Audio Technology
– Advancements in Smart Amplifiers for Superior Audio Quality
– Advancements in Home Audio for Enhanced Sound Quality and Connectivity
– Next-Generation Studio Headphones for Audiophiles and Professionals<br>
<br>- Apple Inc.
– Sony Corp.
– Samsung Electronics Co., Ltd. (Harman International).
– Sonos, Inc.
– Xiaomi Corporation.
– Panasonic Corporation.
– Bose Corporation.
– Koninklijke Philips N.V.
– Huawei Technologies Co., Ltd.
– Pioneer Corporation.
– LG Electronics.
– Nakamichi Corp., Ltd.
– Yamaha Corporation.
– Goodix Technology.
– Alpine Electronics, Inc.
– Kenwood Corporation.
– NXP Semiconductors.
– Creative Technology Ltd.
– Edifier Technology Co. Ltd.
– JVCKenwood Corporation.
– Akai.
– Intex Technologies.
– Vistron (Dong Guan) Audio Equipment Co., Ltd.
– Imagine Marketing India Private Limited.
– Dixon Technologies.
– Rode Microphones.
– Roland Corporation.
– Shure.
– MIPRO Electronics Co., Ltd.
– Honor Device Co., Ltd.
– V2 Indonesia.
– Sonido Musica Indonesia.
– TOA Electronics Vietnam Co., Ltd.
– QSC Audio Products.
– Hyundai Mobis.
– Hisense Group Co., Ltd.
– KEF.
– TEAC Corporation.
– Onkyo Corporation.
– Krell Industries.
– Behringer.
– Allen & Heath.
– Blaupunkt GmbH.
– Bowers and Wilkins.
– Sennheiser Electronic GmbH & Co.
KG.- Dolby Laboratories, Inc.
– AKG Acoustics GmbH.
– Dynaudio A/S.
– Voxx International.
– IRIS Audio Technologies.
– USound GmbH.
– Steinway Lyngdorf.
– Xavian Electronics.
– RDacoustic.
– AudioMaster CZ.
– KV2 Audio.
– Polsound.
– HEM.
– Dreamaudio.
– Wilson Benesch.
– Meze Audio.
– JBL.
– VIZIO.
– McIntosh Group.
– Roon.
– Poly Inc.
– HP Inc.
– Audeze.
– Koss Corporation.
– Antelope Audio.
– Paradigm Electronics.
– Fluance.
– Gradiente.
– Audio Americas.
– Aiwa.
– NEXO.
– Kramer Electronics<br>
<br>To learn more about this report see https://www.researchandmarkets.com/r/ykallo<br&gt;
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