How big is the Audio Equipment Market?

The Audio Equipment Market size is expected to reach USD 15.23 billion in 2024 and grow at a CAGR of 7.06% to reach USD 21.42 billion by 2029. Read More

What is the current Audio Equipment Market size?

In 2024, the Audio Equipment Market size is expected to reach USD 15.23 billion. Read More

Who are the key players in Audio Equipment Market?

Yamaha Corporation, Alpine Electronics, Allen & Heath, Kenwood Corporation and Behringer are the major companies operating in the Audio Equipment Market. Read More

Which is the fastest growing region in Audio Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Audio Equipment Market?

In 2024, the Asia Pacific accounts for the largest market share in Audio Equipment Market. Read More

What years does this Audio Equipment Market cover, and what was the market size in 2023?

In 2023, the Audio Equipment Market size was estimated at USD 14.15 billion. The report covers the Audio Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Audio Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What trends are shaping the future of the Audio Equipment Market?

Key trends in the Audio Equipment Market include: a) Growing popularity of wireless earbuds b) Integration of Artificial Intelligence and voice control features c) Increasing demand for high-resolution audio products Read More

What are the major challenges facing the Audio Equipment Market?

Major challenges in the Audio Equipment Market include: a) Intense competition b) Rapid technological changes c) Need for continuous innovation to meet consumer expectations Read More

What trends are shaping the future of the Audio Equipment Market?

Key trends in the Audio Equipment Market include: a) Growing popularity of wireless earbuds b) Integration of Artificial Intelligence and voice control features c) Increasing demand for high-resolution audio products Read More

Audio Equipment Market Share

Statistics for the 2023 & 2024 Audio Equipment market share, created by Mordor Intelligence™ Industry Reports. Audio Equipment share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Audio Equipment Industry

The audio equipment market is fragmented, featuring prominent players like Yamaha Corporation, Alpine Electronics, Kenwood Corporation, Behringer, and Allen & Heath. Changing consumer demands are driving companies to innovate in the space to attract more consumers. These key players in the market are actively pursuing various strategies, including partnerships and acquisitions, to enhance their product portfolios and establish a sustainable competitive advantage.

July 2024: Allen & Heath and Harrison Audio introduced Harrison LiveTrax, a new software for multitrack recording and virtual soundcheck. It has been designed to work smoothly with Allen & Heath’s mixers, capturing scene changes as markers on the timeline for easy virtual soundcheck and timecode automation.
April 2024: Sony Electronics Inc. launched a fresh series of home audio products called BRAVIA Theater, aiming to transform BRAVIA into a brand centered on movie-watching for an enhanced home cinema experience. By consolidating TVs, soundbars, and other audio technologies under the BRAVIA brand, Sony envisions a streamlined home theater setup for customers to indulge in a cinematic experience with top-notch picture and sound quality.