All items written by Futuresource Consulting

Soundbars Star in 2020 With Another Strong Year for Home Audio

March 18, 2021 by Futuresource Consulting

Soundbars Star in 2020 With Another Strong Year for Home Audio

In 2020, the value of the Home Audio market was the highest it has ever been, rising 4% to $19.8 billion. This was partly driven by the pandemic, which in forcing people inside has supercharged interest in music and media consumption. In a new report from Futuresource Consulting by analyst Patrick Montgomery, the market research firm calls attention to Soundbars, which continues to be a strong growth audio product segment, increasingly expanding the wireless audio ecosystem.

Global Home Audio Market Dominated by Tech Giants and Big Brands in Q2 2020

August 21, 2020 by Futuresource Consulting

Global Home Audio Market Dominated by Tech Giants and Big Brands in Q2 2020

The CE Team at Futuresource Consulting shared some key topics and trends from its latest Global Home Audio Report, revealing how home audio products have returned to strength in Q2 2020. Global home audio products posted an unexpected strong performance in Q2 2020, delivering 20% shipment growth and 10% value growth quarter-on-quarter, according to preliminary results from Futuresource Consulting’s latest quarterly tracker. APAC leads the way, with North America and Western Europe in recovery.

Global Headphones Market Posts Better-Than-Expected Q2 Results

August 14, 2020 by Futuresource Consulting

Global Headphones Market Posts Better-Than-Expected Q2 Results

According to the latest market research by Futuresource Consulting, the global headphones market held up better than anticipated in the period April-June 2020, as units and prices fared relatively well, particularly from mid-May. That’s according to the latest preliminary quarterly tracker results from Futuresource, which reveals a 13% year-on-year increase in value for Q2. The firm also reports that units posted an 8% year-on-year contraction for the quarter, better than expected.

Expected Market Growth of 19% for Gaming Headsets and Accessories in 2020

June 3, 2020 by Futuresource Consulting

Expected Market Growth of 19% for Gaming Headsets and Accessories in 2020

Gaming headsets and accessories have seen a boost in demand during the first half of 2020, new research from Futuresource Consulting has shown. With social distancing measures increasing demand for communication equipment both from the virtual office and in the virtual playground, gaming headsets are one bright spot for the technology market in 2020.

Consumer Electronics Retailers Ahead of the Online Curve Before COVID-19

April 28, 2020 by Futuresource Consulting

Consumer Electronics Retailers Ahead of the Online Curve Before COVID-19

The global spread of COVID-19 presents new challenges to consumer electronics (CE) vendors and retailers alike. However, in an industry already disrupted by changing consumer habits and a polarization of online and high street, CE retail appears to be faring well when compared with other retail segments. A new research report from Futuresource Consulting explores the retail journey of consumers when they buy headphones, TVs and wireless speakers, and points to a significant shift to online that began prior to the COVID-19 outbreak.

COVID-19 Drives Opportunities for Office Hearables in the Workplace

April 15, 2020 by Futuresource Consulting

COVID-19 Drives Opportunities for Office Hearables in the Workplace

As part of its COVID-19 Tech Briefing Series, Futuresource Consulting shared interesting insights on how the major shift in behavior caused by the pandemic could drive opportunities for hearables in the work place. At a moment when worldwide, end-users are working from home and using remote communication more than ever before, key brands have reported a significant surge in sales from businesses equipping their workforces during lockdown, and many anticipate significant changes in communication culture.

Streaming Music Consumption Habits Change with Coronavirus Lockdown

April 8, 2020 by Futuresource Consulting

Streaming Music Consumption Habits Change with Coronavirus Lockdown

Streaming subscriptions remain the number one growth driver in the global music market, accounting for more than 70% of spend on music last year. Yet, as measures to halt the spread of COVID-19 begin to reshape the lives of consumers, music streaming is experiencing a temporary drop in consumption. No listening in the car, no commuting to work, and the need to share the home spaces with family members, limits personal music listening opportunities, Futuresource Consulting's research finds.

Home Audio Products Achieve Highest Year-on-Year Growth Rate

March 24, 2020 by Futuresource Consulting

Home Audio Products Achieve Highest Year-on-Year Growth Rate

Futuresource Consulting announced the availability of its latest Home Audio Tracking Report with smart speakers continuing to drive the market followed by home automation, immersive smart sound bars and smart displays. In the company's global Home Audio quarterly market analysis and commentary, Futuresource confirmed that smart speakers achieved a 53% growth since Q4 of 2018. Until now heavily concentrated in English and Chinese speaker markets, smart speakers are starting to expand to other language markets.

New Global Power Amplifier Market Analysis by Futuresource

February 4, 2020 by Futuresource Consulting

New Global Power Amplifier Market Analysis by Futuresource

Driven by consumer demand for bigger and better audio-visual experiences, the power amp market is on track to achieve a worldwide value of $785 million in 2020, according to a new industry report from Futuresource Consulting. The UK-based market research firm announced a new report focusing on the Professional Power Amplifiers category, following the success of the previous Loudspeakers and Microphones market reports.

Worldwide Home Loudspeaker Market Shows Pockets of Growth

December 5, 2019 by Futuresource Consulting

Worldwide Home Loudspeaker Market Shows Pockets of Growth

Futuresource Consulting unveiled its latest Home Audio Worldwide Loudspeaker Report which demonstrates that the market is showing resilience despite shifting listening habits, as consumers look beyond traditional audio products, fixing their sights on smart speakers and headphones. The recent changes in loudspeaker preferences means trade value is faring better than volume, according to the new worldwide loudspeaker report from Futuresource.

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