All items tagged with market trends (70)

Smart Speaker Market to Reach 92 Million Units Shipped in 2019

September 18, 2019 by audioXpress Staff

Smart Speaker Market to Reach 92 Million Units Shipped in 2019

The smart speaker market will grow by 35% this year, according to SAR Insight & Consulting’s Latest Digital Assistant Platform Forecast DATAbase, with shipments reaching 92 million. Amazon remains the market leader, but its smart speaker market share has declined and now represents approximately a third (33%) of the total volume anticipated in 2019. Total voice software unit shipments are expected to increase significantly to 2024.

With Competition Between Streaming Services Intensifying, Hardware Has Become an Important Growth Factor

August 22, 2019 by Futuresource Consulting

With Competition Between Streaming Services Intensifying, Hardware Has Become an Important Growth Factor

After a dynamic few years in the music and audio industries, 2018 and the first half of 2019 have once again been marked by the continuous growth of global music streaming subscriptions, with this momentum expected to continue in the short to medium term. By 2023, Futuresource expects the number of streaming subscriptions to exceed 425 million globally, representing over 90% of total consumer spend on recorded music, according to its latest Streaming Music Outlook & Service overview report.

Smart Speakers Continue to Play a Leading Role in the Home Audio Market

August 14, 2019 by Futuresource Consulting

Smart Speakers Continue to Play a Leading Role in the Home Audio Market

The worldwide home audio hardware market grew 20% last year to reach 154 million units, with a further 19% growth projected in 2019, according to a new market report from Futuresource Consulting. The sector, which includes wireless speakers, soundbars, A/V receivers, Hi-Fi systems and dedicated speaker docks, also witnessed 5% revenue growth last year, with trade values reaching $14.5 billion.

Audio Collaborative 2019: Content & Technology Evolution Spurring Innovation

July 15, 2019 by audioXpress Staff

Audio Collaborative 2019: Content & Technology Evolution Spurring Innovation

Promoted every year by market research firm Futuresource Consulting, Audio Collaborative is a premier must attend event for consumer audio, pro audio and entertainment industry professionals. The event returns to London for the sixth time, November 7, 2019, with a full day of invaluable insights, expert discussions and networking opportunities. There are more key industry executives attending, more high-profile companies sponsoring and getting involved, and the topics couldn't be more relevant. Plan ahead and freeze that day on your agenda.

AVIXA Forecasts Global Pro-AV Industry Will Reach $325 Billion in 2024

June 25, 2019 by audioXpress Staff

AVIXA Forecasts Global Pro-AV Industry Will Reach $325 Billion in 2024

The global professional audiovisual industry will grow to more than $325 billion in 2024, from $247 billion in 2019, according to updated forecasts in the new 2019 AV Industry Outlook and Trends Analysis (IOTA) Global Summary produced by AVIXA, the Audiovisual and Integrated Experience Association. Overall, the demand for pro-AV products and services is driven by rising GDP across much of the globe because the pro-AV industry provides solutions to nearly all facets of the economy.

Futuresource Looks at Consumers Engagement with Audio Hardware & Content

June 25, 2019 by audioXpress Staff

Futuresource Looks at Consumers Engagement with Audio Hardware & Content

Futuresource Consulting announced a brand new consumer market research program – Living with Audio: Consumer Engagement with Audio Hardware and Content. This new service from the market research firm provides an in-depth look at how consumers are engaging with home devices, headphones, smart speakers and audio content. The research answers questions around how many and what devices consumers own in their household, how they are currently using the devices and how often.

Professional Headphones Market On Track to Exceed US $540 Million

April 30, 2019 by audioXpress Staff

Professional Headphones Market On Track to Exceed US $540 Million

Futuresource Consulting shared some top line trends from its Professional Headphone Market Report and confirms that the pro headphones market achieved global revenues of more than US $540 million in 2018, and is on track to reach nearly US $800 million by 2023. The strategic market segment is expanding in home studio and DJ applications, which in turn vastly influences the wider consumer market. The comprehensive new market report from Futuresource Consulting is now available.

InfoComm 2019's Emerging Trends Day Will Explore the Technologies and Forces Disrupting the Pro-AV Industry

April 25, 2019 by audioXpress Staff

InfoComm 2019's Emerging Trends Day Will Explore the Technologies and Forces Disrupting the Pro-AV Industry

InfoComm 2019 will host the annual Emerging Trends Day on Tuesday, June 11, at the Orange County Convention Center in Orlando, Florida. The day's lineup of analysts, integrators, end users, and technologists will examine the forces impacting pro AV, from Internet protocol, to disruptive audio and video, to unified communications and collaboration (UCC) and its impact on how companies work.

20 Million Vehicles Shipping in 2023 will Come Equipped with Voice Assistants

April 10, 2019 by audioXpress Staff

20 Million Vehicles Shipping in 2023 will Come Equipped with Voice Assistants

As voice control continues to gain popularity in the home, consumers are increasingly hoping to use Amazon Alexa, Google Assistant, or Apple Siri in the vehicle too. An increasing number of OEMs are now poised to give into popular consumer demands and integrate Amazon Alexa and Google Assistant in-vehicle, despite concerns over data and OEM-branding. According to ABI Research, 20 million vehicles shipping in 2023 are expected to enable one or more of these assistants, without consumers requiring a handset to use the digital assistant.

Home Studio and Pro Studio Markets Exceed $1.2 Billion in Combined Revenue, On Track For Sustained Growth

March 5, 2019 by Futuresource Consulting

Home Studio and Pro Studio Markets Exceed $1.2 Billion in Combined Revenue, On Track For Sustained Growth

The market for pro audio products in professional and home studio applications posted global revenues of more than US$1.2 billion for 2018, an increase of over 6%, according to the industry report. Covering mixers, microphones, audio interfaces, studio monitors and professional headphones, the report is the first of its kind, and describes continued growth in volume and value out to 2023, at a CAGR of 9.7% and 6.5% respectively.

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