According to Future Market Insights’ most recent report, the global market for 3D audio will generate US$6.6 billion in sales in 2021. The market is expected to grow by 15.3% from 2022 to 2032. Commercial end-use is anticipated to generate the most revenue from 3D audio end-use, with a potential market opportunity of almost US$ 16.2 billion from 2022 to 2032.
The development of the 3D audio market is heavily influenced by factors like the upgrading of consumer demands for audio accessories and products, investments in R&D aimed at improving audio hardware and controls, and an expanding number of applications. There are numerous uses for 3D audio products, including those in cars, media, entertainment, and gaming, among others.
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Key Takeaways from the Market Study
- Global 3D audio market is expected to reach a market size of US$ 31.9 Bn by 2032.
- In 2022, market value of 3D audio software is estimated at US$ 4.6 Bn.
- Software also shows the highest potential for growth in the components segment. The segment is expected to grow at a CAGR of about 14.0% from 2022- 2032.
- China, the key market is expected to hold the prominent market share and grow at a CAGR of 15.8% during 2022 – 2032.
“The implementation of 3D audio technologies across newer end-users has opened new revenue avenues, which is further projected to enlarge in the forthcoming years”, says an FMI analyst.
Competitive Analysis
The key players such as 3D Sound Labs; Auro Technologies Inc.; Dolby Labs; DTS; Hooke Audio adopt several technological strategies to enhance their revenue and market standings.
Some of the recent developments of key 3D Audio providers are as follows:
- In Mar 2022, Sennheiser announced that it will focus on its proficient sound business. They will grow their portfolio in the master sound unit and business correspondence unit.
- In Feb 2022, Dolby Laboratories procured Millicast, a designer stage giving ultra-low video web-based abilities at a scale to an enormous crowd.
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Market Segments Covered in 3D Audio Industry Analysis
By Components:
- Hardware
- Loud Speaker
- Headphones
- Microphones/Mic
- Soundbars
- Others
- Software
- Services
By End-use:
- Personal/in-house
- Mobile Devices
- Home Theater
- Gaming
- Commercial
- Automobile
- Cinema
- Music
- Gaming
- Museum
- VR Concerts
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
- South America
Table of Content
1. Executive Summary | 3D Audio Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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