All items tagged with consumer behavior (36)

State of the Audio Economy: Macroeconomic Headwinds Also for the Audio Industry?

July 20, 2023 by Joao Martins

State of the Audio Economy: Macroeconomic Headwinds Also for the Audio Industry?

How well is the audio industry doing? Is there anything specific we in the audio industry can do, or are we just floating with the tide? Any attempt to characterize the state of the economy for the audio industry is limited to reading the signs from what are apparently very distinct, broader product segments. Yet, understanding these larger and wide-reaching product classes enables a better understanding of the overall macroeconomic picture and trends in consumer behavior.

Total Listening to Audio on a Phone Surpassed Traditional Radio Listening in 2022

July 14, 2023 by audioXpress Staff

Total Listening to Audio on a Phone Surpassed Traditional Radio Listening in 2022

According to a recent study by Edison Research, Americans already spend more time listening to audio sources on mobile devices than they do from radio receivers. This is the first time that phones surpass the time spent listening to traditional radio, revealing that mobile phones continue "chomping" audio shares. And more worryingly for traditional broadcast radio, this is happening even in the car.

Worldwide Shipments of Smart Home Devices Continue to Decline in 2023 Due to Lack of Upgrades

June 29, 2023 by audioXpress Staff

Worldwide Shipments of Smart Home Devices Continue to Decline in 2023 Due to Lack of Upgrades

Global shipments of smart home devices continued to decline in the first quarter of 2023 as shipments fell 5.6% year over year to 186.0 million units, according to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker. The lack of new models and noteworthy updates to existing smart speakers, lack of progress in voice assistants, and the transition to the Matter smart home interoperability standard are to blame.

June 1, 2023 by Joao Martins

Wireless Headphones and Earbuds on Top Five of Most Desirable Products for US Consumers

The Consumer Technology Association (CTA) released the 2023 US Consumer Technology Ownership & Market Potential (OMP) Study, showing that despite complex economic times, 84% of US households plan to purchase tech products in the next 12 months. Mobile and wireless tech products lead the categories of tech products consumers want to buy. A notable trend is the fact that ownership of wireless personal audio products now exceeds wired devices.

Hearables in 2023: Comfort Must Come First

January 5, 2023 by Andrew Bellavia

Hearables in 2023: Comfort Must Come First

Predicting what trends we’ll see in hearables in 2023 seems like a fool’s errand. With the release of the OTC hearing aid rule in the United States, these are predicated on devices that can be comfortably worn for long stretches of the day in a form factor that people are willing to wear in social settings. Without that foundation, these interesting and useful applications will not achieve mass-adoption. Anticipating CES 2023, Andrew Bellavia looks for the Next Big Thing in Hearables and the Multiple Sides of Comfort.

HearUSA to Carry Sony’s Over-the-Counter Hearing Aids

December 15, 2022 by audioXpress Staff

HearUSA to Carry Sony’s Over-the-Counter Hearing Aids

Responding to the Food and Drug Administration’s recent approval of over-the-counter (OTC) hearing aids, HearUSA announced that it will offer Sony’s new over-the-counter hearing aids. The first two models – the Sony CRE-C10 and Sony CRE-E10 – will be available for clients to purchase early next year in all HearUSA centers and online. These solutions result from Sony's joint development with WS Audiology Denmark with the aim of supplying products and services in the OTC self-fitting hearing aid space.

Automotive Audio Ranks High as Consumers See Vehicles as Safe Space

December 8, 2022 by Joao Martins

Automotive Audio Ranks High as Consumers See Vehicles as Safe Space

DTS, a wholly owned subsidiary of Xperi, released a report discussing the increasing importance of the vehicle as a third space, and uncovering drivers' preferred in-cabin features and functionalities. Safety, comfort, and radio/audio rank highest as vehicle design priorities. 91% of Millennials and Gen Z are interested in mood-sensing technology to adjust in-vehicle audio content. And 69% of drivers are interested in connected applications, including health and diagnostic updates.

Beyond the Smartwatch: Three Wearable Technology Trends to Watch

November 25, 2022 by Tess Skyrme

Beyond the Smartwatch: Three Wearable Technology Trends to Watch

As the smartwatch market matures, the capabilities of alternative wearables continue to expand. In the coming years, alternative form factors could begin tempting consumers away. Not only could these devices provide more value – they also have the potential to access new biometrics. The wearable technology industry is being driven by the demand for more data – but is faced with hitting maturity during an era of economic contraction. This article summarizes what life could look like beyond the smartwatch boom, with three trends to watch.

Trends in Consumer Electronics Purchases Amidst Inflation Concerns

November 21, 2022 by audioXpress Staff

Trends in Consumer Electronics Purchases Amidst Inflation Concerns

As retailers approach the busiest days of the holiday shopping season, sales and marketing channel specialist Acosta shared the results of its recent Shopper Insights Consumer Electronics Survey. While 74% of shoppers reflected a high level of concern about inflation, with more than half noting higher prices on nine of the top 10 most purchased items over the past year, 75% of shoppers claim that price had only somewhat to no impact on their decisions to buy the most-purchased consumer electronic items.

Serving a Purpose: OTC Hearing Aids, Hearing Enhancement, and Brands

August 25, 2022 by Joao Martins

Serving a Purpose: OTC Hearing Aids, Hearing Enhancement, and Brands

If you are an audio industry professional, unless you have been on holiday on some remote island without Internet, you must have noticed that the US Food and Drug Administration (FDA) finally issued the long-expected rule establishing Over-the-Counter (OTC) hearing aids - five years after the original OTC hearing aid act was signed into law on August 18, 2017. Will hearing aid companies really adjust and understand "consumer" behaviors? How do hearables fit in that environment? Could these products be influenced by "brand loyalty"?

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