Audio Equipment Market Report 2025

The audio equipment market size has grown steadily in recent years. It will grow from $66.62 billion in 2024 to $69.91 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to cultural and lifestyle influences, aging population and audio preferences, consumer preferences and trends, market competition and innovation, music industry influences.

The audio equipment market size is expected to see steady growth in the next few years. It will grow to $81.41 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to innovation in audio formats, regulatory changes and standards, demographic shifts and preferences, media consumption evolution, market competition and product development. Major trends in the forecast period include fashion and design integration, adoption of 3d audio technology, gaming audio equipment, environmental sustainability, customization and personalization.

The rising demand for luxury cars is anticipated to drive the growth of the audio equipment market in the future. Luxury cars are vehicles produced by well-known luxury manufacturers that offer above-average to high-end levels of comfort, features, and equipment. Premium audio systems in luxury vehicles can enhance the driving experience by providing an immersive and high-quality sound experience, making long drives more enjoyable. For example, in April 2023, a report by CarExpert Pty Ltd, an automotive publisher based in Australia, indicated that the Jaguar F-Pace SUV became the brand's best-selling vehicle in Australia with 48 sales recorded in 2023. Maserati sold thirty-one Grecale SUVs in the same year, while Volvo's XC40 luxury SUV experienced a sales increase of 18.7%, totaling 1,505 units in 2023. Thus, the increasing demand for luxury cars is fueling the growth of the audio equipment market.

The audio equipment market is also being propelled by the surging demand for wireless audio devices, driven by changing consumer behavior in media consumption and the popularity of mobile devices. Consumers increasingly use mobile devices, laptops, and tablets to wirelessly play audio on speakers, leading to a growing market for Wi-Fi and Bluetooth-connected speakers. Key players such as Samsung, Sony, LG, and Bose are actively introducing wireless audio products to meet this demand.

The increasing popularity of mobile devices and evolving media consumption habits are driving the rapid growth of the wireless audio equipment market. Consumers prefer wirelessly playing audio on speakers using mobile devices, tablets, and laptops, fueling the demand for Wi-Fi and Bluetooth-connected speakers. Leading manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are responding to this trend by introducing wireless audio products and platforms, including popular choices such as Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers.

Major companies in the audio equipment market are forming strategic partnerships to enhance the in-car audio experience for consumers. By collaborating with automotive manufacturers, audio companies aim to diversify revenue sources and expand into the automotive industry. For example, in March 2023, Sonos Inc., a US-based audio products manufacturer, partnered with Audi, a Germany-based automotive manufacturer, to integrate its audio technology into the Q4 E-Tron. This collaboration marks Sonos' entry into the automotive sector, providing an elevated in-car audio experience to customers, becoming a distinctive selling point for both companies.

In March 2022, Focusrite, a US-based software company, acquired Linea Research Holdings for a deal amount of $12.67 million. This acquisition enhances Focusrite's presence in the audio equipment market, as Linea Research Holdings, a UK-based manufacturer of audio equipment, becomes part of its growing portfolio.

Major companies operating in the audio equipment market include Sony Corporation, Panasonic Corporation, LG Electronics Inc., Pioneer Corporation, Sharp Corporation, Koninklijke Philips NV, Yamaha Corporation, Harman International Industries Inc., Bose Corporation, JVC Kenwood Holdings Inc., Jabra, Dolby Laboratories Inc., DTS Inc., Sennheiser electronic GmbH & Co. KG, Shure Incorporated, Bang & Olufsen A/S, Bowers and Wilkins Group Ltd., Samsung Electronics Co. Ltd., Onkyo Corporation, Danish Audiophile Loudspeaker Industries A/S, Beats Electronics LLC, Audio-Technica Corporation, Focal-JMLab SA, Blaupunkt GmbH, Beyerdynamic GmbH & Co. KG, Nakamichi Corporation, Akai Electric Co. Ltd., James Bullough Lansing.

Asia-Pacific was the largest region in the audio equipment market in 2024. North America was the second-largest region in the global audio equipment market share. The regions covered in the audio equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the audio equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Audio equipment encompasses a range of devices and tools designed for recording, amplifying, mixing, reproducing, and manipulating sound. It is commonly utilized in various environments, such as music production, broadcasting, live performances, home entertainment, and personal listening experiences.

The key types of audio equipment encompass loudspeakers, microphones, amplifiers, turntables, and others. Amplifiers, specifically, are electronic devices that elevate a signal's voltage, current, or power. Audio equipment comes in a range of prices, spanning from low to medium to high, and is available in various technologies, including both wired and wireless options. The end users involved in the audio equipment industry are both B2B (business-to-business) and B2C (business-to-consumer).

The audio equipment market research report is one of a series of new reports that provides audio equipment market statistics, including audio equipment industry global market size, regional shares, competitors with an audio equipment market share, detailed audio equipment market segments, market trends and opportunities, and any further data you may need to thrive in the audio equipment industry. This audio equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The audio equipment market consists of sales of outdoor speakers, subwoofers, in-wall speakers, multimedia speakers, table-top sound bars, wall-mounted sound bars, wired microphones, wireless microphones, ultrasonic amplifiers, buffer amplifiers, transistor amplifiers, professional mixers, non-professional mixers, tape players and recorders, jukeboxes, car stereos, clock radios, and other audio equipment. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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