Global Audio Equipment Market: Industry Analysis and Forecast (2020-2026) – by Product Type, End-User, and Region.

Global Audio Equipment Market size was valued at US$ 27.24 Bn in 2019 and the total revenue is expected to grow at 14.2% through 2020 to 2026, reaching nearly US$ XX Bn. The global Audio Equipment market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Audio Equipment report also provides trends by market segments, technology, and investment with a competitive landscape.

Overview of Audio Equipment:

Devices that are used to reproduce, record or process sound is referred to as audio equipment. AV receivers, CD players, tape recorders, Mics, radio receivers, amplifiers, mixing consoles, effects units, and loudspeakers are all examples of this. Audio equipment is widely utilized in a variety of Applications, including concerts, clubs, conference rooms, and the home, where sound must be reproduced, recorded, or amplified.

Global Audio Equipment Market Dynamics:

The global audio equipment market has been steadily growing in recent years, and sales of the top ten speaker manufacturers including Bose, Sennheiser, Sony, Bowers & Wilkins, and JBL among others have also increased. This is primarily due to developments in audio technology and increased client purchasing power around the world. With the continued rapid development of smart speakers and wireless audio devices, the market for audio equipment is predicted to grow even further to meet customers' needs for media consumption while also growing mobile device use. The audio equipment market primarily comprises speakers, microphones, amplifiers, and turntables, which are used for sound reproduction or recording. According to recent MMR industry research, the global audio equipment market was valued at USD 33.37 billion in 2019, and market growth is projected to be fueled soon by increased demand for wireless audio and smart speaker devices. Moreover, the growing demand for wireless audio equipment is projected to fuel the audio equipment industry. Because of shifting consumer behavior in media consumption and the growing popularity of mobile devices, the demand for wireless audio devices is rapidly growing. Consumers are increasingly using their mobile devices, computers, and tablets to wirelessly play music on speakers, which is fueling the growth of Wi-Fi and Bluetooth speakers. Wireless audio products are being introduced by companies such as Samsung, Sony, LG, and Bose. For instance, in February 2021, Sony introduced the Premium Wireless Speaker, which has 360-degree audio and room-filling sound.

Ongoing Trend:

The report covers all the trends and technologies playing a major role in the growth of the audio equipment market over 2020-2026. Moreover, the major trend observed in the global market especially in 3D audio is shifting focus from analog to digital cinema screens and growing adoption of 3D audio sound systems across cinema industries are the factors further support the growth of the global market in the future. Artificial intelligence technology has resulted in the development of devices with virtual assistants that have the potential to change the way people consume and find music. This has sparked a surge in consumer interest in smart assistant gadgets and apps. Smart assistant functionality is likely to be integrated with a much greater range of products, including headsets, wireless earbuds, soundbars, and networked speakers, as cloud-connected ecosystems continue to spread. According to the latest survey by MMR, more than 80% of people use their phones to store and stream music, taking advantage of the mobility and convenience of use that streaming services like Spotify, iTunes, Tidal, and others provide.

Global Audio Equipment Market Segmentation:

Global Audio Equipment Market To know about the Research Methodology :- Request Free Sample Report Depending upon the product type, the audio equipment market is segmented into mixers, amplifiers, microphones, audio monitors, and other product types. The microphone segment is expected to dominate the market in the forecast period. Microphones are built into many consumer gadgets, including smartphones, tablets, and smart watches. The growing popularity of these devices is having a direct impact on the need for microphones. Most smartphones have been fitted with Micro-electromechanical systems (MEMS) microphones for the past several years since they are the best fit for the needs.

Microphones are increasingly finding their way into various next-generation consumer electronics.

Microphones are utilized in televisions, MP3 players, cameras, videogame consoles, and other new consumer electronic gadgets, in addition to laptops and notebooks. During the projection period, a drop in demand for high-end automobiles are expected to reduce the microphone market's possibilities of the growth. Headphones and earphones are currently among the most popular and best-selling items in the worldwide audio equipment market. Global sales of wireless headsets were forecasted to be approximately 76 million units in 2019, according to the MMR report. In terms of product segment, smart speakers have been the most rapidly increasing type of audio equipment in recent years. Smart speakers, also known as speakers with built-in virtual assistants driven by AI and Machine Learning has captured a significant portion of the worldwide audio equipment market. Global Audio Equipment Market 1

Global Audio Equipment Market Regional Insights:

North America holds the major share in the audio equipment market with approximately XX % of total revenue share in the year 2019.

Microphones are the most popular audio equipment in the United States.

Microphone sales in the United States were USD 0.62 billion (624 million) in 2019, with wireless microphone sales accounting for USD 0.17 billion (170 million). The speaker is the country's second most popular audio gadget, with retail sales of approximately USD 0.54 billion (541 million) in the same year.

Presence of Leading Key Players in APAC Affect The Market Growth:

Because of the increasing technical innovation, the presence of some of the largest audio equipment suppliers, such as Yamaha Corporation and Alpine Electronics, and rapid industrialization, Asia-Pacific is likely to grab a significant portion of the audio equipment market. The leading audio equipment manufacturers and the rising adoption of developed entertainment products in the regions are propelling the regional market growth in the upcoming period. Asia Pacific is expected to grow at a CAGR of XX% during the forecast period owing to the rise in living standards of the population and rapid growth in the electronics and audio devices industry in the region. The increased necessity of advanced hearing aids, the accessibility of high-quality devices with reduced prices from e-commerce are expected to fuel the audio equipment market growth in the region. The rising investments in research and development activities for the introduction of advanced horticulture lighting is predicted to accelerate the growth of this region soon. The objective of the report is to present a comprehensive analysis of the Global Audio Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Audio Equipment Market dynamics, structure by analyzing the market segments and project the global Audio Equipment market size. Clear representation of competitive analysis of key players By Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Audio Equipment Market make the report investor’s guide.

Global Audio Equipment Market Scope: Inquire before buying

Global Audio Equipment Market 3

Global Audio Equipment Market, by Region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

Global Audio Equipment Market Key Players

• Yamaha Corporation • Alpine Electronics • Allen & Heath • Kenwood Corporation • Behringer • LG • Sony • Panasonic • Bose • Harman • Onkyo (Pioneer) • VIZIO • Samsung • D+M Group (Sound United) • VOXX International • Nortek • Creative Technologies • EDIFIER • Other Key Players
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Audio Equipment Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Audio Equipment Market 3.4. Geographical Snapshot of the Audio Equipment Market, By Manufacturer share 4. Global Audio Equipment Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Audio Equipment Market 5. Supply Side and Demand Side Indicators 6. Global Audio Equipment Market Analysis and Forecast, 2019-2026 6.1. Global Audio Equipment Market Size & Y-o-Y Growth Analysis. 7. Global Audio Equipment Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 7.1.1. Mixers 7.1.2. Amplifiers 7.1.3. Microphones 7.1.4. Audio Monitors 7.1.5. Other Product Types 7.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 7.2.1. B2B 7.2.2. B2C 8. Global Audio Equipment Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Audio Equipment Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 9.1.1. Mixers 9.1.2. Amplifiers 9.1.3. Microphones 9.1.4. Audio Monitors 9.1.5. Other Product Types 9.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 9.2.1. B2B 9.2.2. B2C 10. North America Audio Equipment Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Audio Equipment Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 12. Canada Audio Equipment Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 13. Mexico Audio Equipment Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 14. Europe Audio Equipment Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 15. Europe Audio Equipment Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Audio Equipment Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 17. France Audio Equipment Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 18. Germany Audio Equipment Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 19. Italy Audio Equipment Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 20. Spain Audio Equipment Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 21. Sweden Audio Equipment Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 22. CIS Countries Audio Equipment Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 23. Rest of Europe Audio Equipment Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 24. Asia Pacific Audio Equipment Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 25. Asia Pacific Audio Equipment Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Audio Equipment Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 27. India Audio Equipment Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 28. Japan Audio Equipment Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 29. South Korea Audio Equipment Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 30. Australia Audio Equipment Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 31. ASEAN Audio Equipment Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 32. Rest of Asia Pacific Audio Equipment Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 33. Middle East Africa Audio Equipment Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 34. Middle East Africa Audio Equipment Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Audio Equipment Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 36. GCC Countries Audio Equipment Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 37. Egypt Audio Equipment Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 38. Nigeria Audio Equipment Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 39. Rest of ME&A Audio Equipment Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 40. South America Audio Equipment Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 41. South America Audio Equipment Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Audio Equipment Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 43. Argentina Audio Equipment Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 44. Rest of South America Audio Equipment Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By End-User, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Audio Equipment Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Allen & Heath 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Yamaha Corporation 45.3.3. Alpine Electronics 45.3.4. Kenwood Corporation 45.3.5. Behringer 45.3.6. LG 45.3.7. Sony 45.3.8. Panasonic 45.3.9. Bose 45.3.10. Harman 45.3.11. Onkyo (Pioneer) 45.3.12. VIZIO 45.3.13. Samsung 45.3.14. D+M Group (Sound United) 45.3.15. VOXX International 45.3.16. Nortek 45.3.17. Creative Technologies 45.3.18. EDIFIER 45.3.19. Other Key Players 46. Primary Key Insights

About This Report

Report ID 112383
Category Electronics
Published Date July 2021
Updated Date
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