Press release
Consumer Audio Market by Trends, Growth Factors, Regional Outlook, Competitive Strategies and Forecast by 2028
Consumer Audio Market
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.
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Companies Profiled in this report includes: Apple Inc., Bose Corporation, Earin, Harman International Industries, Incorporated, Plantronics, Inc., Sony Corporation, Sonos, Sennheiser, VIZIO, VOXX International
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 SEGMENTATION
Based on product, the consumer audio market is segmented into headphones, speaker systems, soundbars, others.
On the basis of connectivity, the consumer audio market is segmented into wired, wireless.
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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.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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