All items tagged with market trends (66)

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.

Global Home Audio Trade Revenues Approached $15 billion in 2018

January 17, 2019 by audioXpress Staff

Global Home Audio Trade Revenues Approached $15 billion in 2018

Futuresource Consulting revealed the latest findings from its World Wide Home Audio Report, confirming the worldwide home audio market signaled an increase of 21% in units in 2018, whilst posting revenues of nearly $15 billion, with major contributions from smart speakers to drive the growth. According to Futuresource, the growing presence of entry level smart speakers from Amazon, Google and Chinese brands impacted the overall average price for a home audio device, down by an estimated 12% the end of 2018.

Consumer Audio Poised For Rapid Growth: Futuresource Consulting Key Trends Roundup

November 22, 2018 by Futuresource Consulting

Consumer Audio Poised For Rapid Growth: Futuresource Consulting Key Trends Roundup

Market research firm Futuresource Consulting promoted its highly successful Audio Collaborative conference dedicated to latest audio industry trends. During this all-day event, held in London, UK, on November 8, 2018, Futuresource's Principal Consultant, Jack Wetherill presented "Key Trends and Drivers in the Consumer Audio Hardware Market," a summary of the company's latest market research on Consumer Audio. Consumer audio hardware is making a comeback and poised for a period of rapid growth, was the key message.

There's Growth to Come! Audio Collaborative 2018 Key Takes

November 15, 2018 by Joao Martins

There's Growth to Come! Audio Collaborative 2018 Key Takes

Once again, and for the fifth consecutive year, market research firm Futuresource Consulting promoted its highly successful Audio Collaborative conference dedicated to latest audio industry trends. Combining the latest market research intelligence, this is a unique opportunity to share the latest insightful industry trends among key industry influencers and discuss how services, hardware, and content is shaping the future of the audio landscape.

Strategy Analytics Updates Global Smart Speaker Report

November 12, 2018 by audioXpress Staff

Strategy Analytics Updates Global Smart Speaker Report

Strategy Analytics just announced its Global Smart Speaker Q3 2018 market update, detailing vendor, shipments and installed base market share for the category by region. According to the market research firm, global smart speaker shipments grew nearly 200% year-over-year in Q3 2018 reaching 22.7 million units in the quarter. Amazon remained the top ranked smart speaker brand in the world, followed by Google and the Chinese trio of Alibaba, Baidu and Xiaomi who are all vying for control of their fast growing domestic market.

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