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<br>DUBLIN--( BUSINESS WIRE)-- The "Audio Equipment Market Opportunities and Strategies to 2034" report has actually been contributed to ResearchAndMarkets.com's offering.<br>
<br>The international audio equipment market reached a value of nearly $64.42 billion in 2024, having actually grown at a compound annual development rate (CAGR) of 5.27% considering 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 expected to grow at a CAGR of 3.11% from 2029 and reach $90.71 billion in 2034.<br>
<br>This report explains and describes the audio devices market and covers 2019-2024, called the historical period, and 2024-2029, 2034F termed the projection duration. The report assesses the marketplace throughout each region and for the major economies within each region.<br>
<br>Growth in the historical period arised from the growing need from automobile market, increasing appeal of music streaming services, growth of gaming industry and development of the film and media market. Factors that adversely impacted development in the historical duration were high import tariffs and increasing labor costs. Going forward, increasing appeal of smart devices, expansion of wise homes, increasing social media impact and increase e-commerce penetration. Factor that could impede the growth of the [audio](https://www.zycoo.com/products/) equipment market in the future consist of regulatory compliance and energy usage concerns.<br>
<br>Asia-Pacific was the biggest region in the audio equipment market, representing 30.82% or $19.85 billion of the overall in 2024. It was followed by The United States and Canada, Western Europe and then the other areas. Moving forward, the fastest-growing regions in the audio equipment market will be Middle East and Africa where growth 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 anticipated to grow at CAGRs of 7.74% and 3.82% respectively.<br>[commend.com](http://www.commend.com/en/products/network-power-amplifiers)
<br>The global audio devices market is fairly fragmented, with a big number of small players operating in the market. The leading ten competitors in the market made up to 22.52% of the total market in 2023. Apple Inc. was the largest rival 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%.<br>
<br>The audio equipment market is segmented by type into speakers, microphones, amplifiers, turntables and other types. The speakers market was the biggest segment of the audio devices market segmented by type, accounting for 45.52% or $29.32 billion of the total in 2024. Going forward, the speakers section is expected to be the segment in the audio equipment market segmented by type, at a CAGR of 3.93% during 2024-2029.<br>
<br>The audio equipment market is segmented by innovation into wired and cordless. The wireless market was the largest sector of the audio devices market segmented by technology, accounting for 63.19% or $40.7 billion of the overall in 2024. Going forward, the cordless section is expected to be the fastest growing section in the audio devices market segmented by technology, at a CAGR of 4.20% during 2024-2029.<br>
<br>The audio equipment market is segmented by end-user into B2B and B2C. The B2B market was the biggest segment of the audio devices market segmented by end-user, representing 54.61% or $35.18 billion of the total in 2024. Moving forward, the B2C section is expected to be the fastest growing section in the [audio](https://www.zycoo.com/solutions/) equipment market segmented by end-user, at a CAGR of 4.28% during 2024-2029.<br>
<br>The leading chances in the audio equipment market segmented by type will develop in the loudspeakers segment, which will acquire $6.24 billion of global yearly sales by 2029. The top opportunities in the audio equipment market segmented by innovation will develop in the wireless section, which will get $9.3 billion of international annual sales by 2029. The leading opportunities in the audio devices market segmented by end-user will emerge in the B2C segment, which will gain $6.82 billion of global yearly sales by 2029. The audio devices market size will get the most in the USA at $1.37 billion.<br>
<br>Market-trend-based strategies for the audio equipment market consist of establishing advanced audio/video (AV) receivers and speakers, adopting tactical collaborations approach to develop advanced audio options, establishing next generation smart amplifiers, developing innovative home audio systems, developing ingenious studio headphones and tactical financial investments to improve the sound quality, AI-driven audio processing and clever connection.<br>
<br>To make the most of the chances, the analyst recommends the audio devices to focus on wise home AV receivers and speakers, focus on smart amplifiers for mobile phones, focus on high-fidelity studio earphones for professionals and audiophiles, concentrate on speakers for continual market development, focus on wired audio devices for strong growth, expand in emerging markets, continue to concentrate on developed markets, concentrate on strategic collaborations to drive development, supply competitively priced offerings, focus on targeted digital marketing, continue to use B2B promotions and focus on B2B market growth.<br>
<br>Major Market Trends<br>
<br>- 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<br>
<br>- 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](https://www.zycoo.com/coovox/) 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<br>
<br>For additional information about this report see https://www.researchandmarkets.com/r/ykallo<br>
<br>About ResearchAndMarkets.com<br>
<br>ResearchAndMarkets.com is the world's leading source for international marketing research reports and market data. We supply you with the current information on worldwide and local markets, key industries, the leading business, new items and the most recent trends.<br>[emscomminc.com](http://www.emscomminc.com)