Global Audio Equipment Market (2021 to 2026) - Featuring Harman International, Dynaudio and Yamaha Among Others - ResearchAndMarkets.com

The "Global Audio Equipment Market (2021-2026) by Product, Technology, Price Range, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Audio Equipment Market is estimated to be USD 27.9 Bn in 2021 and is expected to reach USD 41.18 Bn by 2026, growing at a CAGR of 8.1%.

For composing, soundtrack, mixing, and grasping in music the technical innovation and expansion in the music industry have released the request of digital audio workstation (DAW) among musicians. The necessity for specialized audio apparatus is likely to propel the market with rising expenses on global carnivals and music concerts. The rising number of athletic events, trade shows, music gigs, motion production films, and fairs is anticipated to lead to an upsurge in demand for numerous inventive audio amplifiers. In the coming years, the new inclination will improve with the rise in acceptance of cloud-based audio workstations and increasing digitization of instruments that will drive the market growth.

Intricacy and strategy stipulate tasks for the growth of high-efficiency acoustic apparatus as there are extreme edge incorporation issues with elevated difficulty in designing mixing circuits, particularly for audio mixers and loudspeakers, which restraints the growth of the market.

Recent Developments

1. LG Launches 2020 Sound Bars Lineup. - 4th May 2020.

2. Sony Launches High Power One Box Audio System With Karaoke. - 2nd September 2020.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Audio Equipment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains a competitive analysis using the Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Growing Demand for Wireless Audio Devices
• Advancement in Digital Technology with Changing Media Options

Restraints

• Interference Caused by Wireless Audio Devices

Opportunities

• Rise of Audio Equipment in Automobiles
• Rising Developments in Audio Products & Wifi Audio Equipment

Challenges

• Design Complexity for the Development of High-Efficiency Equipment
• Regulations by the Government for Noise Pollution

Companies Mentioned

• Harman International
• Dynaudio
• Yamaha Corporation
• Alpine Electronics
• Allen & Heath
• LG Electronics
• Panasonic
• SAMSUNG
• Sony Corporation
• Bose Corporation
• LG Electronics
• Qualcomm
• Sennheiser
• Bowers & Wilkins
• Harman Kardon
• JBL
• Klipsch Audio Technologies
• Bang & Olufsen
• KEF
• Definitive Technology

For more information about this report visit https://www.researchandmarkets.com/r/mmigxq

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005420/en/