DUBLIN--( BUSINESS WIRE)-- The "Audio Equipment Market Opportunities and Strategies to 2034" report has actually been contributed to ResearchAndMarkets.com's offering.

The international audio devices market reached a value of almost $64.42 billion in 2024, having grown at a compound annual growth rate (CAGR) of 5.27% since 2019. The market 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 expected to grow at a CAGR of 3.11% from 2029 and reach $90.71 billion in 2034.

This report explains and describes the audio equipment market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F called the projection period. The report examines the marketplace across each area and for the significant economies within each region.

Growth in the historic duration arised from the growing demand from vehicle market, increasing popularity of music streaming services, development of video gaming industry and growth of the movie and media market. Factors that negatively impacted growth in the historic period were high import tariffs and increasing labor expenses. Going forward, increasing appeal of smart devices, growth of wise homes, increasing social media influence and boost e-commerce penetration. Factor that could prevent the development of the audio equipment market in the future consist of regulative compliance and energy intake issues.

Asia-Pacific was the biggest area 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 markets are anticipated to grow at CAGRs of 7.74% and 3.82% respectively.

The worldwide audio equipment market is relatively fragmented, with a big number of little gamers operating in the market. The leading 10 rivals in the market made up to 22.52% of the overall market in 2023. Apple Inc. was the largest rival with a 6.45% share of the market, 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 equipment market is segmented by type into loudspeakers, microphones, amplifiers, turntables and other types. The loudspeakers market was the biggest segment of the audio equipment market segmented by type, accounting for 45.52% or $29.32 billion of the total in 2024. Going forward, the speakers segment is expected to be the fastest growing section in the audio equipment market segmented by type, at a CAGR of 3.93% during 2024-2029.

The audio devices market is segmented by technology into wired and wireless. The wireless market was the biggest segment of the audio devices market segmented by technology, representing 63.19% or $40.7 billion of the total in 2024. Going forward, the wireless section is expected to be the fastest growing segment in the audio devices 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 section of the audio devices market segmented by end-user, representing 54.61% or $35.18 billion of the overall in 2024. Going forward, the B2C sector is anticipated to be the fastest growing sector in the audio devices market segmented by end-user, at a CAGR of 4.28% throughout 2024-2029.

The leading chances in the audio devices market segmented by type will arise in the speakers segment, which will acquire $6.24 billion of worldwide annual sales by 2029. The top chances in the audio devices market segmented by technology will emerge in the cordless segment, which will gain $9.3 billion of worldwide annual sales by 2029. The leading chances in the audio devices market segmented by end-user will develop in the B2C segment, which will acquire $6.82 billion of worldwide annual sales by 2029. The audio devices market size will get the most in the USA at $1.37 billion.

Market-trend-based techniques for the audio equipment market consist of developing sophisticated audio/video (AV) receivers and speakers, adopting strategic partnerships approach to establish innovative audio options, establishing next generation smart amplifiers, developing ingenious home audio systems, establishing innovative studio earphones and tactical investments to improve the sound quality, AI-driven audio processing and wise connectivity.

To take advantage of the opportunities, the expert suggests the audio devices to focus on clever home AV receivers and speakers, concentrate on smart amplifiers for mobile devices, focus on high-fidelity studio earphones for specialists and audiophiles, concentrate on speakers for sustained market development, concentrate on wired audio devices for strong development, broaden in emerging markets, continue to focus on industrialized markets, focus on tactical partnerships to drive innovation, supply competitively priced offerings, focus on targeted digital marketing, continue to utilize 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.
- 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

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