All items written by Futuresource Consulting

Gaming Headsets Lead the Way as Accessories Break the 3$ Billion Barrier

October 22, 2019 by Futuresource Consulting

Gaming Headsets Lead the Way as Accessories Break the 3$ Billion Barrier

The gaming accessories market continues its ascent, with 76 million units shipped worldwide in 2018, according to a new industry report from Futuresource Consulting. That’s an increase of 22% on 2017, generating a retail value of US$3.1 billion from a combination of headsets, speakers, keyboards and mice. Last year’s headset growth won’t be repeated this year, with Futuresource forecasts pointing to a minor decline in volumes for 2019 due to cyclical hardware trends for games consoles.

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.

Professional Microphone Market to Exceed $1.8 Billion in 2019 with Corporate Segment Creating Growth Opportunities

August 12, 2019 by Futuresource Consulting

Professional Microphone Market to Exceed $1.8 Billion in 2019 with Corporate Segment Creating Growth Opportunities

According to Futuresource Consulting's latest market report, the professional microphone market continues to display healthy growth and is on track to exceed revenues of $1.8 billion worldwide this year. That’s an increase of 6% on 2018, with a similar CAGR out to 2023. Among the growth application areas, the corporate segment continues to create the largest opportunities, followed immediately by the live sound and venue installation verticals.

Headphone Shipments Achieve Q1 2019 Revenues of $5.9 Billion

July 3, 2019 by Futuresource Consulting

Headphone Shipments Achieve Q1 2019 Revenues of $5.9 Billion

Consumer appetite for premium headphones continues to grow, with global revenues rising five times faster than shipments in Q1 2019, according to the latest market tracker report from Futuresource Consulting. As the CE Team at Futuresource highlights in its latest update of the Worldwide Headphone Market Report, headphone market revenues have reached $5.9 billion. True wireless maintained its ascendance, outperforming all other form factors with growth of 223% in units and 188% in value.

True Wireless Headphone Bandwagon gets More Crowded, as Brands vie to Challenge Apple

July 1, 2019 by Futuresource Consulting

True Wireless Headphone Bandwagon gets More Crowded, as Brands vie to Challenge Apple

True wireless headphones sales have enjoyed extraordinary growth in the past year. After a very successful Q4 2018, which saw shipments reach a total equal to the previous three quarters combined, Q1 2019 witnessed year-on-year growth of 223% in units and 188% in revenue. Consumers appear to enjoy the freedom that truly wireless products bring. Although, the continued domination by AirPods does still mean that the market remains a largely Apple phenomenon.

Futuresource Market Report Highlights New Exciting Opportunities for Hearables

May 16, 2019 by Futuresource Consulting

Futuresource Market Report Highlights New Exciting Opportunities for Hearables

Futuresource Consulting has recently published its Hearables Market Report, reviewing the market size, competitive landscape, technology drivers and future trends in this new product category. Simon Forrest, Principal Technology Analyst at Futuresource discusses new monetization opportunities in the untethered hearable segment and those resulting from the new “over the counter” hearing aid category, opening up the sector to many new entrants not least the mainstream headphones companies.

Wearables in Sport: Why the Wearable Will Ride the 'Digital Fitness Wave'

April 22, 2019 by Futuresource Consulting

Wearables in Sport: Why the Wearable Will Ride the 'Digital Fitness Wave'

The consumer electronics team at Futuresource Consulting has made available a free perspectives report covering the role of wearables within fitness ecosystems in four sports contexts: health clubs, swimming, cycling, and running. The report has been supported with in-depth research with industry stakeholders across all disciplines, from both a hardware and software perspective. The document discusses some of the key top-line trends on wearables in sport and is now available as a free download.

Market Opportunity and Technology Integration Drives Ingenuity in Hearables

April 11, 2019 by Futuresource Consulting

Market Opportunity and Technology Integration Drives Ingenuity in Hearables

The market for hearing enhancement products is set for disruption. Leading consumer electronics brands are now impinging upon the traditional markets for hearing aids by adding technologies that transform earphones into the growing category of hearables. Anticipating the cross-over opportunities between hearing aids and hearables and the rise of a unique new product category, market research firm Futuresource expands on the trend.

Virtual Assistants Establish Strategic Role in Multiple Categories

March 29, 2019 by Futuresource Consulting

Virtual Assistants Establish Strategic Role in Multiple Categories

Virtual Assistants (VAs) are poised to become the next-generation go-to interface, according to new market data and reporting from Futuresource Consulting. The company’s recent home audio quarterly tracker shows that products with integrated VAs grew to 41.8% of all home audio shipments in Q4 2018, an increase of nearly 50% on Q4 2017, with smart speakers increasing by 79%.

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