DUBLIN--( BUSINESS WIRE)-- The “Audio Equipment Market Opportunities and Strategies to 2034” report has actually been contributed to ResearchAndMarkets.com’s offering.
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The international audio equipment market reached a worth of nearly $64.42 billion in 2024, having actually grown at a compound yearly growth rate (CAGR) of 5.27% given that 2019. The market is anticipated 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.
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This report describes and explains the audio equipment market and covers 2019-2024, called the historical duration, and 2024-2029, 2034F termed the projection duration. The report examines the market across each area and for the significant economies within each region.

Growth in the historic duration resulted from the growing need from automotive market, increasing popularity of music streaming services, development of gaming industry and growth of the movie and media market. Factors that adversely affected growth in the historic duration were high import tariffs and increasing labor expenses. Going forward, increasing popularity of smartphones, growth of wise homes, rising social media impact and boost e-commerce penetration. Factor that could impede the development of the audio equipment market in the future include regulatory compliance and energy consumption concerns.

Asia-Pacific was the largest region in the audio devices market, representing 30.82% or $19.85 billion of the overall in 2024. It was followed by North America, Western Europe and after that the other areas. Moving forward, the fastest-growing regions in the audio equipment market will be Middle East and Africa where development will be at CAGRs of 10.70% and 9.03% respectively. These will be followed by South America and Eastern Europe where the marketplaces are expected to grow at CAGRs of 7.74% and 3.82% respectively.

The international audio equipment market is fairly fragmented, with a big number of small gamers running in the market. The leading ten rivals in the market made up to 22.52% of the overall market in 2023. Apple Inc. was the biggest competitor with a 6.45% share of the marketplace, followed by Sony Corp. with 4.64%, Samsung 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%.

The audio devices market is segmented by type into speakers, microphones, amplifiers, turntables and other types. The speakers market was the largest segment of the audio equipment market segmented by type, accounting for 45.52% or $29.32 billion of the total in 2024. Moving forward, the speakers section is expected to be the fastest growing sector in the audio devices market segmented by type, at a CAGR of 3.93% during 2024-2029.

The audio equipment market is segmented by technology into wired and wireless. The wireless market was the biggest section of the audio equipment market segmented by innovation, accounting for 63.19% or $40.7 billion of the total in 2024. Going forward, the cordless segment is anticipated to be the fastest growing section in the audio equipment market segmented by innovation, at a CAGR of 4.20% during 2024-2029.

The audio equipment market is segmented by end-user into B2B and B2C. The B2B market was the largest sector of the audio equipment market segmented by end-user, accounting for 54.61% or $35.18 billion of the overall in 2024. Moving forward, the B2C segment is anticipated to be the fastest growing segment in the audio equipment market segmented by end-user, at a CAGR of 4.28% during 2024-2029.

The top chances in the audio devices market segmented by type will develop in the loudspeakers section, which will gain $6.24 billion of worldwide annual sales by 2029. The top chances in the audio equipment market segmented by technology will occur in the wireless section, which will gain $9.3 billion of global yearly sales by 2029. The leading opportunities in the audio devices market segmented by end-user will arise in the B2C sector, which will get $6.82 billion of worldwide yearly sales by 2029. The audio equipment market size will get the most in the USA at $1.37 billion.

Market-trend-based techniques for the audio devices market include developing advanced audio/video (AV) receivers and speakers, embracing tactical partnerships approach to develop sophisticated audio solutions, developing next generation clever amplifiers, developing innovative home audio systems, establishing innovative studio headphones and strategic investments to improve the sound quality, AI-driven audio processing and smart connection.

To benefit from the chances, the expert recommends the audio equipment to focus on smart home AV receivers and speakers, concentrate on wise amplifiers for mobile phones, focus on high-fidelity studio headphones for professionals and audiophiles, concentrate on speakers for continual market growth, focus on wired audio devices for strong growth, broaden in emerging markets, continue to concentrate on industrialized markets, focus on strategic collaborations to drive development, offer competitively priced offerings, focus on targeted digital marketing, continue to use B2B promos and focus on B2B market growth.

Major Market Trends

- 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
  
  - 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. 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
  
  To learn more about this report go to https://www.researchandmarkets.com/r/ykallo
  
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