All items in category Industry News
CMA Audio Acquires Lake People and Plans Future Catalog Expansion
by audioXpress Staff

CMA Audio Acquires Lake People and Plans Future Catalog Expansion

CMA Audio acquired audio manufacturer Lake People Electronic. For 2020, CMA Audio plans to invest in the extension of research and development in the company's headquarters in Constance, in the South of Germany, to overhaul the entire product catalog, which includes Lake People, Violectric and Niimbus brands, and to establish a new cable manufacture operation in cooperation with Japanese manufacturer Mogami. Target markets continues to be professional audio, hi-fi and high end audio enthusiasts.
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HEAD acoustics Promotes Webinar on Audio Conferencing Solutions and Voice Quality
by audioXpress Staff

HEAD acoustics Promotes Webinar on Audio Conferencing Solutions and Voice Quality

How To Optimize Audio Conferencing Solutions To Improve Communication Quality? That is precisely the topic of the next three webinars promoted by HEAD acoustics, one of the world’s leading companies for integrated acoustics solutions as well as sound and vibration analysis. The webinar will discuss factors determining communication quality and how to deal with associated artifacts such as interrupted and distorted voice, delay, echo and howling effects especially in multi-party conferences.
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COVID-19 Drives Opportunities for Office Hearables in the Workplace
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.
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Mayht New Speaker Driver Technology Attracts Multi-Million Investment
by Joao Martins

Mayht New Speaker Driver Technology Attracts Multi-Million Investment

Mayht, a technology company from the Netherlands which has developed a highly compact, powerful speaker driver technology, has raised a multi-million Euro follow-on investment from FORWARD.one Venture Capital. Mayht is determined to bring to market a new and smaller form factor, targeting high volume consumer applications such as Bluetooth speakers and soundbars. In previous investment rounds, Mayht also received funding from UNIIQ and Delft Enterprises.
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Idtechex Forecasts 14% Growth YoY Until 2025 for the Hearables Market
by audioXpress Staff

Idtechex Forecasts 14% Growth YoY Until 2025 for the Hearables Market

IDTechEx released a new report covering the market, technology and players in hearables. The market research company uses the term "hearables" loosely to describe all true wireless devices in the consumer electronics space, but also medical devices such as hearing aids and even cochlear implants. In this overview, it finds that the market was worth $24.5bn in 2019 and will continue to grow at a forecasted 14% YoY from 2020-2025, driven primarily by the true wireless consumer category.
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Dirac Closes $6-Million Financing Round To Boost New Consumer Digital Audio Processing Solution for Headphones and Smartphones
by audioXpress Staff

Dirac Closes $6-Million Financing Round To Boost New Consumer Digital Audio Processing Solution for Headphones and Smartphones

Swedish sound pioneer Dirac strengthened its position as a leading one-stop source for digital audio signal processing solutions with the announcement that it has completed a new $6-million (60 MSEK) round of financing. Jonathan Forster, former Spotify executive and current angel investor, joins Dirac’s Board of Directors to help catalyze the company’s expansion into the streaming market and the launch of the company's first consumer-facing product.
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DALI Loudspeakers Expands Distribution Partnership with Lenbrook Americas to Include Canada
by audioXpress Staff

DALI Loudspeakers Expands Distribution Partnership with Lenbrook Americas to Include Canada

Leading Danish speaker designer and manufacturer DALI Loudspeakers announced the expansion of Lenbrook Americas' distribution responsibility to include both Canada and the United States. The appointment will see Lenbrook oversee all aspects of sales, marketing, service and support for DALI Loudspeakers in both countries, with a projected start date of the Canadian mandate on May 1, 2020.
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Dynamic Automotive Industry Set to Ship 30 Million Vehicles With Advanced Driver Assistance by 2025
by Peter Cooney

Dynamic Automotive Industry Set to Ship 30 Million Vehicles With Advanced Driver Assistance by 2025

The significant increase in enabling technology and applications made up of AI, sensors, hardware, software and IC processors has had a profound impact on the automotive industry and the advancement of driver assistance technology and autonomous vehicles. This in turn, has contributed to the creation of a market that is expected to ship 15 million L2+ vehicles with enhanced driver assistance safety features in 2020, growing to 30 million units in 2025, according to the latest research from SAR Insight & Consulting.
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Shelter-At-Home to Generate New Consumer Patterns in Headphones and Home Audio
by audioXpress Staff

Shelter-At-Home to Generate New Consumer Patterns in Headphones and Home Audio

Parks Associates is predicting that headphones and earphones are likely to experience sales spikes with the world changing to Work at Home, Home Schooling, and Entertainment-In-Place. The company's research highlights the need for enhanced user experience to aid with device integration as audio market shifts from whole-room home theater systems to standalone connected devices. Podcast, music, and news consumption habits are also changing as a result of the current public health crisis with COVID-19.
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Streaming Music Consumption Habits Change with Coronavirus Lockdown
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.
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