Press release
Portable Audio Amplifier Market Set to Witness an Impressive CAGR of More than 5% by 2031
According to the latest research from Fact.MR, the global portable audio amplifier market is expected to grow at a rate of more than 5% between 2021 and 2031. Consumer demand for media and entertainment, as well as electronics, is likely to provide a plethora of opportunities during the same time period.Furthermore, residential purposes have accounted for convenient sale in recent years, and the sale is expected to increase in the near future. Although, due to the COVID-19 pandemic, the growth rate of the portable amplifier market fell by 4-5 percent in Q3 and Q4 of 2020. However, in the coming years, the market is expected to grow at a positive rate in terms of both value and volume.
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Key Segments
By Class
Class A
Class B
Class AB
Class D
Class G
Class DG
Class H
By Product Type
Smartphones
Television Sets
Desktops & Laptops
Home Audio Systems
Automotive Infotainment Systems
Professional Audio Systems
Others
By Features
Wi-Fi
Bluetooth
Others
The Portable Audio Amplifier Market in North America is Expected to Grow.
Portable audio amplifiers are widely used in North America. The United States, in particular, is the region’s most important manufacturer and consumer, with a sizable market share. During the assessment period, North America is expected to dominate global audio amplifier demand. Consumer demand has grown dramatically as a result of rapid urbanisation.
Because of improved living standards and rising per capita income, household purposes are in high demand in North America. The automobile industry’s consumption is regarded as a key factor in driving significant sales, which are expected to increase in the coming years.
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Some of the leading manufacturers and suppliers of portable audio amplifier include-
Texas Instruments
STMicroelectronics
Silicon Lab
Qorvo
Pendulum Audio
Peachtree Audio
ON Semiconductor
Octave
NXP Semiconductor
Microchip Technology
MaxLinear
Diodes Incorporated
Analog Devices
AkitikA
A-Designs
Aavik Acoustics
Leading manufacturers have their own distribution channel, manufacturers across the globe are more focused on to reorganized their distribution channel with the specialty stores, multi-brand stores and e-commerce platform to gain coverage.
Automobile Industry is likely to Account for Highest Sale
Automotive sector has been impacted around the globe by COVID-19 pandemic. Government protocols regarding COVID-19 has impacted the demand of portable amplifier from the automotive industries. As the audio amplifier in automotive vehicles is considered to provide better feel of long ride, and witnessed noteworthy demand since past two decades. It will lead to give abundant opportunities to manufacturers during the forecast period.
Moreover, the portable audio amplifiers are widely used for residential purposes. The quick urbanization and industrialization has given numerous aspect for the market development for past few years. The demand for residential purposes is likely to witness extensive growth rate in upcoming years.
North America Portable Audio Amplifier Market Outlook
North America is one of the leading consumer of portable audio amplifier. Especially U.S. is the prominent manufacture and consumer in this region and hold the convenient market share. North America is poised to dominate the demand of global audio amplifier market during the assessment period. Since rapid urbanization has witnessed considerable demand from the consumers end.
The household purpose accounts for highest demand in North America due to improving life style and rising per capita income. The consumption from automobile industry is considered to be a foremost factor which creates significant sale, anticipate to surge in upcoming years.
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