High-definition Audio Products Market 2021 - Increasing demand for high-quality music, especially among audiophiles to drive growth

High-definition audio products also known as high-resolution audio products is a technical and marketing term for audio greater than 44.1kHz sample rate or higher than 16-bit audio bit depth.
In layman’s terms, The Digital Entrainment Group, Consumer Electronic Association, and The Recording Academy together have defined high-definition audio products as lossless audio that is capable of reproducing the full range of sound from recordings that have been mastered from better than CD quality music sources.
The main benefit of high-resolution audio quality is the superior sound quality over compressed audio formats.

Key Drivers of the Global High-Definition Audio Products Market

Increasing demand for high quality music, especially among audiophiles is one of the key reasons for the growth of high-definition audio products. Additionally, increasing demand for high quality wireless audio technology and devices have prompted the growth of high-definition audio products worldwide.

Demand for such high quality wireless audio devices is not just from the residential segment but also from the commercial sector and niche segments such as security services and military departments. The automotive industry is also experiencing robust demand for high-definition audio speakers as well as music systems. This is helping in generating more traction for the growth of the high-definition audio products market.

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Affordability Issue of High-definition Audio Products Anticipated to Hamper the Growth of the Market

One of the key factors hampering the growth of the high-definition audio products market is its affordability. These products are expensive in nature owing to their application, primarily in the niche market. File size is another concern. Unlike a normal audio file, a high resolution audio file can be typically tens of megabytes in terms of size which quickly eats up the storage of the device. Added to this, numerous high-resolution audio file formats are available to choose from, all of which have their own compatibility requirements. All these factors restrain the growth of the high-definition audio products market.
Increasing demand for all surround systems and other audio devices to offer attractive opportunities for the growth of the high-definition audio products market

Increasing demand for sound bars and home theater systems in emerging economies could create lucrative opportunities for the growth of high definition audio products. Its commercial application especially in offices as well as in recreational spaces could also help in creating greater traction for the growth of the high-definition audio products market.

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Asia Pacific Offers Growth Avenues for the High-Definition Audio Products Market
Geographically, the high-definition audio products market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).

North America and Europe boast some of the key manufacturers of high-definition audio products.
Asia Pacific on the other hand is a prominent region that is home to some of the top consumer electronic companies specialized in the audio industry.

Other regions such as South America and Middle East & Africa have strong potential growth for the high-definition audio products market.

Key Players Operating in the Global High-Definition Audio Products Market

The high-definition audio products market is moderately consolidated with presence of many key global players specialized in the audio industry along with many regional players providing niche products to specialized clients. A few of the key players operating in the global high-definition audio products market include:

Astell&Kern
Bowers & Wilkins
FiiO Electronics Technology
Harman International
Koninklijke Philips N.V.
LG
Naim Audio
Samsung
SONY ELECTRONICS INC.

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