All items tagged with market trends (67)

Strategy Analytics Updates Global Smart Speaker Report

November 12, 2018 by audioXpress Staff

Strategy Analytics Updates Global Smart Speaker Report

Strategy Analytics just announced its Global Smart Speaker Q3 2018 market update, detailing vendor, shipments and installed base market share for the category by region. According to the market research firm, global smart speaker shipments grew nearly 200% year-over-year in Q3 2018 reaching 22.7 million units in the quarter. Amazon remained the top ranked smart speaker brand in the world, followed by Google and the Chinese trio of Alibaba, Baidu and Xiaomi who are all vying for control of their fast growing domestic market.

Headphones to Generate Nearly $21 Billion in 2018, According to Futuresource Consulting's Latest Headphone Report

October 22, 2018 by Futuresource Consulting

Headphones to Generate Nearly $21 Billion in 2018, According to Futuresource Consulting's Latest Headphone Report

The headphones market continues its recent trend of solid growth in volumes and substantial growth in revenue. Units are projected to grow 4.1% this year to 377 million, to generate retail revenues worth $19.9bn, a sizable increase of 27% y-o-y. Headphones continue to be a dynamic market, as average price growth is accelerated by demand from consumers for new premium features and form factors such as true wireless and noise cancellation, which provide further strong growth opportunities for the future.

September 12, 2018 by audioXpress Staff

Bose Most Preferred In-Vehicle Audio Brand, Sony Most Well Known, Finds Strategy Analytics

The level of interest in adding a premium audio system as an option at vehicle purchase increased from 2017 to 2018 in both the US and Western Europe. In the new 2018 Premium Audio Report from the Strategy Analytics’ In-Vehicle UX (IVX) team, consumers in the US, France, Germany, Italy, and the UK were surveyed in respect to their interest and willingness to pay for an in-vehicle premium audio system. Bose was the preferred brand, while Sony gets the most recognition among consumers.

Global Pro-AV Industry to Grow to $230 Billion by 2023

September 5, 2018 by audioXpress Staff

Global Pro-AV Industry to Grow to $230 Billion by 2023

The professional audiovisual industry will grow from $186 billion in 2018 to $230 billion by 2023, according to updated forecasts in the new 2018 AV Industry Outlook and Trends Analysis (IOTA) Global Summary produced by AVIXA, the Audiovisual and Integrated Experience Association. This report examines the forces driving growth, from macroeconomic factors to technology trends to vertical market demands, on a global scale.

Sound Detection and Recognition Market Expected to Grow at a CAGR of >100% from 2018 to 2023

September 3, 2018 by audioXpress Staff

Sound Detection and Recognition Market Expected to Grow at a CAGR of >100% from 2018 to 2023

The sound recognition market is the next growth area for software companies, semiconductor vendors, and those players that are currently dominating the voice recognition market, according to tech analysts SAR Insight & Consulting. After voice recognition become one of the greatest technological achievements in recent years, the market is ripe to leverage many of the same technologies and platforms, this time for smart devices being able to monitor sounds other than human voices, as the tech research firm states.

New Loudspeaker Market Report from Futuresource Shows Segment Rising in Value

August 27, 2018 by audioXpress Staff

New Loudspeaker Market Report from Futuresource Shows Segment Rising in Value

The Consumer Electronics (CE) team at Futuresource Consulting has shared some top line trends from their latest Loudspeaker Market Report showing that value is beating volumes as the traditional loudspeaker product segment makes the $3 Billion USD barrier. The report forecasts an average retail price increase through to 2022 in virtual every major category, allowing for value to significantly outperforming volume, as the overall market is shrinking, when ignoring the massive growth generated by wireless, connected and smart speakers.

Audio Mixing Consoles on Track for 5% Market Growth Despite Challenges

August 15, 2018 by audioXpress Staff

Audio Mixing Consoles on Track for 5% Market Growth Despite Challenges

Audio mixing consoles, devices that blend together multiple sound sources, continue to experience a customer shift towards low-end products, cannibalizing the mid-range market. That’s one of the key takeaways from a new report released by Futuresource Consulting’s pro audio team. On the positive side, the overall segment continues to grow, thanks to the strong momentum experienced by professional audio digital mixing consoles in touring and rental, broadcast, and installed commercial applications.

Corporate Pro-AV Market Continues to Flourish, According to New AVIXA Research

August 9, 2018 by audioXpress Staff

Corporate Pro-AV Market Continues to Flourish, According to New AVIXA Research

The corporate market continues to account for the largest segment of pro-AV revenue. According to AVIXA's Industry Outlook Trends and Analysis (IOTA), pro-AV solutions for corporate office environments are expected to generate nearly $15 billion in revenue in the Americas in 2018. Growth is expected to be somewhat slower than the overall industry, at 1.5 percent annually from 2017 through 2022.

Smartphones Approaching TVs as Americans’ Most-Frequently Owned Tech Product, Says New CTA Study

June 26, 2018 by audioXpress Staff

Smartphones Approaching TVs as Americans’ Most-Frequently Owned Tech Product, Says New CTA Study

4K UHD television sets, digital streaming devices and smart speakers are among the fastest growing technology segments, according to the latest Consumer Technology Association (CTA) research. Smartphones continue their meteoric popularity and are now owned in 87 percent of U.S. homes, second only to televisions at 96 percent ownership. Laptops are the third most popular product in the United States. Smartwatches are also growing in popularity.

Global Wireless Headphones Market - Increasing Penetration of Smart Devices to Promote Growth

May 4, 2018 by audioXpress Staff

Global Wireless Headphones Market - Increasing Penetration of Smart Devices to Promote Growth

Technavio’s latest market research report on the global wireless headphones market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines the increasing penetration of smart devices as an emerging trend with the potential to significantly impact the market and contribute to its growth or decline. The report signals the increasing adoption of sports and fitness wireless headphones to drive growth of the wireless headphones market till the end of 2022.

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