All items tagged with market forecasts (62)

Number of Voice Assistant Devices in Use to Reach 8.4 Billion

April 29, 2020 by audioXpress Staff

Number of Voice Assistant Devices in Use to Reach 8.4 Billion

A new report from Juniper Research has found that consumers will interact with voice assistants on over 8.4 billion devices by 2024; overtaking the world’s population and growing 113% compared to the 4.2 billion voice control devices expected to be in use by year end 2020. The value chain for voice assistants and interfaces is rapidly expanding to include more and more players, and device OEMs (from smartphones, speakers and wearables to cars and fridges), system integrators, apps developers and cloud providers are all escalating efforts to provide personalized voice solutions.

Hearables Predicted to Reach More Than 50% of the Wireless Headphones Market by 2024

April 21, 2020 by audioXpress Staff

Hearables Predicted to Reach More Than 50% of the Wireless Headphones Market by 2024

A new report from Juniper Research says that the number of hearables in-use will grow to more than 970 million by 2024. This is an increase of 270% over the 260 million estimated for 2020. This updated report identifies vendors that are leveraging hearable technology to add value to premium audio products, such as Bose and Sennheiser, while technology companies are producing earbuds that incorporate sensor platforms and AI capabilities. Juniper predicts a convergence of the market towards Multimedia Hearables.

Idtechex Forecasts 14% Growth YoY Until 2025 for the Hearables Market

April 14, 2020 by audioXpress Staff

Idtechex Forecasts 14% Growth YoY Until 2025 for the Hearables Market

IDTechEx released a new report covering the market, technology and players in hearables. The market research company uses the term "hearables" loosely to describe all true wireless devices in the consumer electronics space, but also medical devices such as hearing aids and even cochlear implants. In this overview, it finds that the market was worth $24.5bn in 2019 and will continue to grow at a forecasted 14% YoY from 2020-2025, driven primarily by the true wireless consumer category.

Dynamic Automotive Industry Set to Ship 30 Million Vehicles With Advanced Driver Assistance by 2025

April 13, 2020 by Peter Cooney

Dynamic Automotive Industry Set to Ship 30 Million Vehicles With Advanced Driver Assistance by 2025

The significant increase in enabling technology and applications made up of AI, sensors, hardware, software and IC processors has had a profound impact on the automotive industry and the advancement of driver assistance technology and autonomous vehicles. This in turn, has contributed to the creation of a market that is expected to ship 15 million L2+ vehicles with enhanced driver assistance safety features in 2020, growing to 30 million units in 2025, according to the latest research from SAR Insight & Consulting.

Bluetooth LE Audio and LC3: Market Overview, Technology Trends and Forecast from SAR Insight & Consulting

March 19, 2020 by audioXpress Staff

Bluetooth LE Audio and LC3: Market Overview, Technology Trends and Forecast from SAR Insight & Consulting

Cinemas, gamers and the hard of hearing could all benefit from Bluetooth 5.2, according to the latest "Bluetooth LE Audio and LC3: Market Overview, Technology Trends and Forecast" report from SAR Insight & Consulting. Bluetooth will continue to be a popular and flexible way to connect devices, thanks in part to the technology being refreshed to remain relevant to component manufacturers and consumers, says SAR Insight & Consulting.

Futuresource Updates Headphones Market Report for 2020

December 12, 2019 by audioXpress Staff

Futuresource Updates Headphones Market Report for 2020

The aftermarket headphones segment continues to attract consumer spend, with 2019 shaping up to be another industry high point, according to the new Headphones Market report from Futuresource Consulting. The headphones market continues its recent trend of solid growth in volumes - 5% year-on-year - and substantial growth in revenue (14%). True wireless and Active Noise Cancelling (ANC) are the main engines of growth in the total value of the headphones market accompanied by the rising ASP's, as consumers demand for new premium features remains strong.

Global True Wireless Hearables Market to Grow by 90% to 230 Million Units in 2020

December 6, 2019 by audioXpress Staff

Global True Wireless Hearables Market to Grow by 90% to 230 Million Units in 2020

The size of the global market for true wireless earbuds and the emerging category of hearables is expected to reach 120 million units this year and 230 million units in 2020, growing 90% YoY, according to the findings of Counterpoint Research’s latest Hearables Market Forecast. The overall true wireless market is expected to grow at 80% CAGR from 2019 to 2022 with a similar growth momentum as the early smartphone market a decade ago.

MEMS Microphones and Speakers Forecasted to Become a $20 Billion USD Industry in 2024

December 6, 2019 by audioXpress Staff

MEMS Microphones and Speakers Forecasted to Become a $20 Billion USD Industry in 2024

French market research firm Yole Développement just published its 2019 report on Microphones, Microspeakers, and Audio Solutions – Market and Technology Trends. The new report characterizes the main drivers behind the exponential growth in MEMS microphone applications and emerging MEMS speaker technologies, growth opportunities such as voice at the heart of new audio system applications, or the impact of Artificial Intelligence (AI) in the audio value chain.

Global True Wireless Earbuds Market Reaches 33 Million Units in Q3 2019

November 19, 2019 by audioXpress Staff

Global True Wireless Earbuds Market Reaches 33 Million Units in Q3 2019

The true wireless earbuds market for 2019 is expected to reach 120 million units and global tech giants’ strategies focused on voice communication will help sustain the strong growth momentum. The size of the global market for true wireless earbuds reached 33 million units (USD 4.1 billion) in Q3 2019, growing 22% QoQ, according to the findings of Counterpoint Research’s Hearables Market Tracker (Counterpoint applies the term “hearables” loosely to describe TWS products, which the company’s report actually differentiates).

Headphone Shipments to Reach Record 365 Million Units in 2019

September 24, 2019 by audioXpress Staff

Headphone Shipments to Reach Record 365 Million Units in 2019

The retail headphone market continues to show strength, with 365 million units shipped in 2019, according to SAR Insight & Consulting’s Latest Headphone and Headset Forecast DATAbase. Wireless headphones and in particular true wireless stereo (TWS) models continue to be the fastest growing categories, with shipments of gaming headphones doubling from a year ago. Consequences for the electronics component industry are also visible, such as the growth in the sales of MEMS microphones.

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