The audio equipment manufacturing market comprises establishments producing electronic audio equipment for home entertainment, musical instrument amplification, motor vehicles, and public address systems. Audio equipment products include televisions, speaker systems, video cassette recorders, stereo equipment, jukeboxes, and amplifiers for musical instruments and public address systems.
Audio Equipment Market Size
The global audio equipment market was valued at $207.5 billion in 2017. Asia Pacific was the largest geographic region accounting for $127.86 billion or 61.62% of the global market. China was the largest country accounting for $77.52 billion or 37.36% of the global audio equipment market.
Audio Equipment Market Trend
Smart speakers are in high demand due to its interactive capabilities. These are wireless systems with voice command control and interface to service platforms as part of the “Internet of Things” (IoT) connectivity network. Companies like Apple, Google and Amazon are manufacturing the highest quality smart speakers.
The companies covered are Harman International, Dynaudio, Bose, KEF, and Polk.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Audio Equipment Market Segmentation
The audio equipment market is segmented into Loudspeakers; Microphones; Amplifiers; Turntables; Others.
Loudspeakers segment comprises establishments producing electronic audio equipment like Loudspeakers. Microphones comprises of establishments producing electronic audio equipment like Microphones.
Amplifiers segment comprises establishments producing electronic audio equipment like Amplifiers.
Turntables segment comprises establishments producing electronic audio equipment like Turntables.
Otherssegment comprises establishments producing electronic audio equipment other than Loudspeakers, Amplifiers, Microphones & Turntables.
