High-resolution Audio (Audiophile Audio) Market - Digitalization of Systems Is Gaining Adoption

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Published Date: April 2024

The report "High-resolution Audio (Audiophile Audio) Market, By Product (Wired Audio and Wireless Audio), By Application (Below 18, 18-34, and Above 34), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Highlights:

In February 2020, Sony and ZEISS jointly declared their strategic collaboration expansion from digital imaging to Xperia smartphones. Xperia 1 II delivers the world's first1 smartphone with up to 20fps2 AF/AE tracking burst and 5G connectivity for a fully innovative entertainment experience.
In February 2020, Rockford Fosgate the market leader in high-performance audio systems, is thrilled to launch a new Element Ready products introduced last November. The M1 and M2 Series speakers and subwoofers as well as the Color Optix Controller and corresponding cables are now shipping to authorized retail locations
On March 2020, The Sony WH1000XM3 headphones claim to be the best noise-canceling headphones in the market, providing industry-leading digital noise cancellation technology. The Bluetooth headphones also offers powerful audio that can be easily controlled with the touch sensor. The Sony headphones provide up to 30-hours of battery life along with quick charging if you need a fast recharge

Analyst View:

Market Growth Drivers

Increasing demand for infotainment services
Increased expenditure on R&D for wireless technology by OEMs
Growth in Adoption of Portable Devices
Advancements in wireless audio technology

Opportunities and Trends

Market growth for speakers & sound bars in the emerging regions
Growing use of wireless audio devices in the consumer sector

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “High-resolution Audio (Audiophile Audio) Market”, By Product (Wired Audio and Wireless Audio), By Application (Below 18, 18-34, and Above 34), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Market Insights from the report:

The market report has been segmented on the basis of type, application, and region.

By type, wireless audio segment accounted for the largest market share, owing to increasing demand for wireless speaker across various applications. Within the wireless speakers, bluetooth speakers are one of the most popular categories and account for the major share in the overall wireless Hi-Fi speaker & sound bar product category
By application, the target market is classified into below 18, 18-34, and above 34
By region, Asia-Pacific is anticipated to be the largest market for high-resolution audio over the forecast period, due to factors such as increasing population, rapid growth in purchasing power parity (PPP) and technological developments

Competitive Landscape:

The prominent player operating in the High-resolution Audio (Audiophile Audio) market includes Alpine Electronics, Pioneer, Harman, Sony, JVC Kenwood, Polk Audio, KICKER, Rockford Fosgate, JL Audio, and HiVi.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies
Detailed analysis of the market revenue over the forecasted period
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis
Study on the segments that are anticipated to dominate the market
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered