The audio equipment manufacturing market
comprises establishments producing electronic audio equipment for home
entertainment, musical instrument amplification, motor vehicles, and public
address systems. Audio equipment products include televisions, speaker systems,
video cassette recorders, stereo equipment, jukeboxes, and amplifiers for
musical instruments and public address systems.
The global audio equipment market was valued
at $207.5 billion in 2017. Asia Pacific was the largest geographic region
accounting for $127.86 billion or 61.62% of the global market. China was the
largest country accounting for $77.52 billion or 37.36% of the global audio
equipment market.
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Smart speakers are in high demand due to its
interactive capabilities. These are wireless systems with voice command control
and interface to service platforms as part of the “Internet of Things” (IoT)
connectivity network. Companies like Apple, Google and Amazon are manufacturing
the highest quality smart speakers.
Key Players:
·
Harman International
·
Dynaudio
·
Bose
·
KEF
·
Polk
Geographic’s
mentioned in this report include:
USA, China, Germany, Brazil, Japan, UK,
Spain, Russia, France, Australia, Italy, India and rest of the world.
This report is penetrated into different
segments:
·
Loudspeakers
·
Microphones
·
Amplifiers
·
Turntables
·
Others
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