The report of Global 3D Audio Market by Component type (Hardware, Software, Services), End-use (Personal/In-house, Commercial), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 15.2 Bn by 2027, at a CAGR of XX % during a forecast period.
Continuous advancements in audio technology for instance emergence from 2D to 3D audio, developments in the music industry like improved publishing operations, growing demand for audio hardware devices for commercial and personal uses, and increasing usage of 3D audio in the gaming industry for providing more realistic experience to users, are likely to drive growth of the 3D audio market during the forecast period.
The rapid expansion of the airports and advancement in the aerospace industry in emerging nations for instance Japan, China, India, and others provides a lucrative opportunity for the market player of the 3D audio market.
Software segment is expected to account for the largest XX% market share by 2027.
Software’s revenue contribution is primarily because of significant deployment of 3D audio software across the cinema industry. Right from platform/software developers to device manufacturers and professional services suppliers, there is a rush of companies across industries to strengthen their foothold in the 3D audio market globally.
APAC region is expected to account for the largest XX% market share by 2027.
The market in APAC is expected to exhibit the highest CAGR during the forecast period. The factors attributed to growth of the market are growing technological advancements in the movie, media, and entertainment industries to provide better visual and listening experience to customers. Moreover, increasing disposable income in emerging economies like India is another factor resulting in growing adoption of 3D audio products and services.
Key players operating in the Global 3D Audio Market are 3D Sound Labs, Auro Technologies Inc, Comhear Inc., Core Sound, LLC (TetraMic), dearVR, Dolby Labs, DTS, Inc(Xperi Corporation), Dysonics, Fraunhofer, Hooke Audio, Audeze, ISONO Sound OSSIC and others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global 3D Audio Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global 3D Audio Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global 3D Audio Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global 3D Audio Market”
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