Consumer Audio Market Key Findings by 2031
Consumer audio are the output devices used by individuals globally. Rising demand for speakers in home theater system, soundbars, and output devices are contributing towards the demand for the growth. HARMAN; Sony; Sennheiser are few prominent companies offering range of consumer audio.
MARKET DYNAMICS
The factors attributing toward the growth of the market includes growing demand for infotainment devices and wireless audio devices the users. Adoption of mentioned devices are positively impacting the production of consumer audio and thereby influencing the market growth. In addition to this, with evolving sound quality, advanced technology for consumer audio devices, the scope of the market is projected to provide ample of growth opportunities to the players operating in the consumer audio market.
MARKET SCOPE
The "Global Consumer Audio Market Analysis to 2031" is a specialized and in-depth study of the electronics & semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the consumer audio market with detailed market segmentation
MARKET SEGMENTATION
IMPACT OF COVID-19 ON CONSUMER AUDIO MARKET
The outbreak of the COVID-19 has negatively impacted the growth of consumer audio market. The pandemic has caused huge impact on consumer audio, due to closure of manufacturing plants and halt in manufacturing activities in different corners of the world. With closure of manufacturing plants, the supply of raw materials & components used in the consumer audio got disturbed.
On the contrary, with manufacturing units has started once again, manfacturing of consumer auido devices is picking up its pace by following COVID-19 measures which is anticipated to boost the growth of demand & sales of consumer audio in the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global consumer audio market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The consumer audio market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the consumer audio market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the consumer audio in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global consumer audio market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The consumer audio market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the consumer audio market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the consumer audio in these regions.
MARKET PLAYERS
The reports cover key developments in the consumer audio market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from consumer audio market are anticipated to lucrative growth opportunities in the future with the rising demand for consumer audio in the global market. Below mentioned is the list of few companies engaged in the consumer audio market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the consumer audio market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Apple Inc.
- Bose Corporation
- Earin
- Harman International Industries, Incorporated
- Plantronics, Inc.
- Sony Corporation
- Sonos
- Sennheiser
- VIZIO
- VOXX International
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Consumer Audio Market - By Product
1.3.2 Consumer Audio Market - By Connectivity
1.3.3 Consumer Audio Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONSUMER AUDIO MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CONSUMER AUDIO MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CONSUMER AUDIO MARKET - GLOBAL MARKET ANALYSIS
6.1. CONSUMER AUDIO - GLOBAL MARKET OVERVIEW
6.2. CONSUMER AUDIO - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONSUMER AUDIO MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. HEADPHONES
7.3.1. Overview
7.3.2. Headphones Market Forecast and Analysis
7.4. SPEAKER SYSTEMS
7.4.1. Overview
7.4.2. Speaker Systems Market Forecast and Analysis
7.5. SOUNDBARS
7.5.1. Overview
7.5.2. Soundbars Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. CONSUMER AUDIO MARKET - REVENUE AND FORECASTS TO 2028 - CONNECTIVITY
8.1. OVERVIEW
8.2. CONNECTIVITY MARKET FORECASTS AND ANALYSIS
8.3. WIRED
8.3.1. Overview
8.3.2. Wired Market Forecast and Analysis
8.4. WIRELESS
8.4.1. Overview
8.4.2. Wireless Market Forecast and Analysis
9. CONSUMER AUDIO MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Consumer Audio Market Overview
9.1.2 North America Consumer Audio Market Forecasts and Analysis
9.1.3 North America Consumer Audio Market Forecasts and Analysis - By Product
9.1.4 North America Consumer Audio Market Forecasts and Analysis - By Connectivity
9.1.5 North America Consumer Audio Market Forecasts and Analysis - By Countries
9.1.5.1 United States Consumer Audio Market
9.1.5.1.1 United States Consumer Audio Market by Product
9.1.5.1.2 United States Consumer Audio Market by Connectivity
9.1.5.2 Canada Consumer Audio Market
9.1.5.2.1 Canada Consumer Audio Market by Product
9.1.5.2.2 Canada Consumer Audio Market by Connectivity
9.1.5.3 Mexico Consumer Audio Market
9.1.5.3.1 Mexico Consumer Audio Market by Product
9.1.5.3.2 Mexico Consumer Audio Market by Connectivity
9.2. EUROPE
9.2.1 Europe Consumer Audio Market Overview
9.2.2 Europe Consumer Audio Market Forecasts and Analysis
9.2.3 Europe Consumer Audio Market Forecasts and Analysis - By Product
9.2.4 Europe Consumer Audio Market Forecasts and Analysis - By Connectivity
9.2.5 Europe Consumer Audio Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Consumer Audio Market
9.2.5.1.1 Germany Consumer Audio Market by Product
9.2.5.1.2 Germany Consumer Audio Market by Connectivity
9.2.5.2 France Consumer Audio Market
9.2.5.2.1 France Consumer Audio Market by Product
9.2.5.2.2 France Consumer Audio Market by Connectivity
9.2.5.3 Italy Consumer Audio Market
9.2.5.3.1 Italy Consumer Audio Market by Product
9.2.5.3.2 Italy Consumer Audio Market by Connectivity
9.2.5.4 United Kingdom Consumer Audio Market
9.2.5.4.1 United Kingdom Consumer Audio Market by Product
9.2.5.4.2 United Kingdom Consumer Audio Market by Connectivity
9.2.5.5 Russia Consumer Audio Market
9.2.5.5.1 Russia Consumer Audio Market by Product
9.2.5.5.2 Russia Consumer Audio Market by Connectivity
9.2.5.6 Rest of Europe Consumer Audio Market
9.2.5.6.1 Rest of Europe Consumer Audio Market by Product
9.2.5.6.2 Rest of Europe Consumer Audio Market by Connectivity
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Consumer Audio Market Overview
9.3.2 Asia-Pacific Consumer Audio Market Forecasts and Analysis
9.3.3 Asia-Pacific Consumer Audio Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Consumer Audio Market Forecasts and Analysis - By Connectivity
9.3.5 Asia-Pacific Consumer Audio Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Consumer Audio Market
9.3.5.1.1 Australia Consumer Audio Market by Product
9.3.5.1.2 Australia Consumer Audio Market by Connectivity
9.3.5.2 China Consumer Audio Market
9.3.5.2.1 China Consumer Audio Market by Product
9.3.5.2.2 China Consumer Audio Market by Connectivity
9.3.5.3 India Consumer Audio Market
9.3.5.3.1 India Consumer Audio Market by Product
9.3.5.3.2 India Consumer Audio Market by Connectivity
9.3.5.4 Japan Consumer Audio Market
9.3.5.4.1 Japan Consumer Audio Market by Product
9.3.5.4.2 Japan Consumer Audio Market by Connectivity
9.3.5.5 South Korea Consumer Audio Market
9.3.5.5.1 South Korea Consumer Audio Market by Product
9.3.5.5.2 South Korea Consumer Audio Market by Connectivity
9.3.5.6 Rest of Asia-Pacific Consumer Audio Market
9.3.5.6.1 Rest of Asia-Pacific Consumer Audio Market by Product
9.3.5.6.2 Rest of Asia-Pacific Consumer Audio Market by Connectivity
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Consumer Audio Market Overview
9.4.2 Middle East and Africa Consumer Audio Market Forecasts and Analysis
9.4.3 Middle East and Africa Consumer Audio Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Consumer Audio Market Forecasts and Analysis - By Connectivity
9.4.5 Middle East and Africa Consumer Audio Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Consumer Audio Market
9.4.5.1.1 South Africa Consumer Audio Market by Product
9.4.5.1.2 South Africa Consumer Audio Market by Connectivity
9.4.5.2 Saudi Arabia Consumer Audio Market
9.4.5.2.1 Saudi Arabia Consumer Audio Market by Product
9.4.5.2.2 Saudi Arabia Consumer Audio Market by Connectivity
9.4.5.3 U.A.E Consumer Audio Market
9.4.5.3.1 U.A.E Consumer Audio Market by Product
9.4.5.3.2 U.A.E Consumer Audio Market by Connectivity
9.4.5.4 Rest of Middle East and Africa Consumer Audio Market
9.4.5.4.1 Rest of Middle East and Africa Consumer Audio Market by Product
9.4.5.4.2 Rest of Middle East and Africa Consumer Audio Market by Connectivity
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Consumer Audio Market Overview
9.5.2 South and Central America Consumer Audio Market Forecasts and Analysis
9.5.3 South and Central America Consumer Audio Market Forecasts and Analysis - By Product
9.5.4 South and Central America Consumer Audio Market Forecasts and Analysis - By Connectivity
9.5.5 South and Central America Consumer Audio Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Consumer Audio Market
9.5.5.1.1 Brazil Consumer Audio Market by Product
9.5.5.1.2 Brazil Consumer Audio Market by Connectivity
9.5.5.2 Argentina Consumer Audio Market
9.5.5.2.1 Argentina Consumer Audio Market by Product
9.5.5.2.2 Argentina Consumer Audio Market by Connectivity
9.5.5.3 Rest of South and Central America Consumer Audio Market
9.5.5.3.1 Rest of South and Central America Consumer Audio Market by Product
9.5.5.3.2 Rest of South and Central America Consumer Audio Market by Connectivity
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CONSUMER AUDIO MARKET, KEY COMPANY PROFILES
11.1. APPLE INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOSE CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EARIN
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PLANTRONICS, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SONY CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SONOS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SENNHEISER
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VIZIO
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VOXX INTERNATIONAL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Apple Inc.
2.Bose Corporation
3.Earin
4.Harman International Industries, Incorporated
5.Plantronics, Inc.
6.Sony Corporation
7.Sonos
8.Sennheiser
9.VIZIO
10.VOXX International
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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