Report Scope & Overview:

Consumer Audio Market Size was valued at USD 100.72 billion in 2022, and expected to reach USD 291.38 billion by 2030, and grow at a CAGR of 14.2% over the forecast period 2023-2030.

Consumer audio is a type of electronic device used for entertainment. These electronic devices can make pleasant music and are visually appealing. In the home, they are mostly used as sound receivers, music centres, and shelf stereos. Professional audio systems have features that consumer audio does not. The sound quality of professional sound systems and audiophiles is excellent.

Consumer Audio Market Revenue Analysis

To get more information on Consumer Audio Market - Request Sample Report

However, the design of such devices is unappealing. Consumer audios are the best in terms of quality, cost-effectiveness, and suitability for use in the home. The demand for infotainment products has been steadily increasing in recent years. This consumer audio is in high demand in connected homes. They work better with the entrainment system of connected homes.



  • Rising interest in infotainment devices Adoption of advanced wireless audio devices is increasing. The spread of connected homes.


  • The loss of audio quality is due to bandwidth constraints.

  • Radiofrequency usage and restrictions.


  • Manufacturers are attempting to diversify their business beyond audio.


  • The health risks associated with audio technology.


Covid 19 has caused numerous market disruptions worldwide. North America plays an important role in the Consumer Audio Industry. The consumer audio market is facing a number of challenges in this region. This region's production is being hampered by a shortage of semiconductor chips. Furthermore, the market's supply chain disruption is primarily due to lockdowns. The demand trend has been declining since the first half of the pandemic. The market shipment is gradually increasing beginning in 2021. The expansion of the consumer audio markets is increasing market demand. Even though there are losses in consumer audio, the market is recovering quickly. Demand increased in the market's other developing regions. Consumer audio will be in high demand in emerging economies such as Europe and Asia Pacific.

Based on Product, the consumer audio market is segmented into Microphones, Soundbars, Speaker systems, Headphones and Headsets. The consumer audio market's microphone segment is expected to grow at the fastest CAGR during the forecast period. This can be attributed to the increased use of microphones in everyday life.

Based on Connectivity, the consumer audio market is segmented into wired and wireless. The wireless segment in the connectivity sector is growing at a much higher rate and will boost its growth in the forecasted period.

Based on Application, the consumer audio market is segmented into Education, Commercial, Retail, Government, Industrial and Hospitality. Commercial sector has the highest market in the consumer audio market.


By Product

  • Microphones

  • Soundbars

  • Speaker systems

  • Headphones

  • Headsets

By Connectivity

  • Wired

  • Wireless

By Application

  • Education

  • Commercial

  • Retail

  • Commercial  

  • Government

  • Industrial

  • Hospitality

Consumer Audio Market Segmentation Analysis

To Get Customized Report as per your Business Requirement - Request For Customized Report


The consumer audio market is divided into three regions: Asia Pacific, Europe, and North America. In North America, consumer audio has a high penetration rate. In North America, there is a high demand for infotainment devices. Market developments are ongoing as a result of high investment. In the region, there is a key player with strong market strategies. Another region experiencing rapid growth in the consumer audio market is Asia Pacific. It is the second-largest region, accounting for a sizable portion of the market. Consumer audio is becoming increasingly popular as the consumer electronics market expands. Consumer audio technologies are used in laptops, PCs, mobile phones, and other appliances. Furthermore, Europe is a critical region with significant market potential. This region is expected to grow rapidly.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the consumer audio market are MIDI, Trusound Audio, Shure Incorporated, SONY India, Bose Corporation, Apple Inc, Panasonic Corporation, Devialet, Jaybird, VOXX International Corp, Zebronics India Pvt. Ltd, Samsung & Other Players

Consumer Audio Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 100.72 Billion
Market Size by 2030 US$ 291.38 Billion
CAGR CAGR of 14.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Microphones, Soundbars, Speaker Systems, Headphones, Headsets)
• By Connectivity (Wired, Wireless)
• By Application (Education, Commercial, Retail, Commercial, Government, Industrial, Hospitality)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles MIDI, Trusound Audio, Shure Incorporated, SONY India, Bose Corporation, Apple Inc, Panasonic Corporation, Devialet, Jaybird, VOXX International Corp, Zebronics India Pvt. Ltd.  and Samsung.
Key Drivers • Rising interest in infotainment devices Adoption of advanced wireless audio devices is increasing. The spread of connected homes.
Restraints • The loss of audio quality is due to bandwidth constraints.
• Radiofrequency usage and restrictions.

Frequently Asked Questions

The market value is expected to reach USD 291.38 billion by 2030.

The key players in the consumer audio market are MIDI, Trusound Audio, Shure Incorporated, SONY India, Bose Corporation, Apple Inc, Panasonic Corporation, Devialet, Jaybird, VOXX International Corp, Zebronics India Pvt. Ltd.  and Samsung.

Rising interest in infotainment devices Adoption of advanced wireless audio devices is increasing the spread of connected homes is the driving factors of the Consumer Audio Market.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Content

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Consumer Audio Market Segmentation, by product


8.2 Microphones

8.3 Soundbars

8.4 Speaker systems

8.5 Headphones

8.6 Headsets


9. Consumer Audio Market Segmentation, by connectivity


9.2 Wired

9.3 Wireless


10. Consumer Audio Market Segmentation, by application

10.1 Introduction

10.2 Education

10.3 Commercial

10.4 Retail

10.5 Commercial  

10.6 Government

10.7 Industrial

10.8 Hospitality


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America


12.Company Profiles

12.1 Samsung

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 MIDI

12.3 Trusound Audio

12.4 Shure Incorporated

12.5 SONY India

12.6 Bose Corporation

12.7 Apple Inc

12.8 Panasonic Corporation

12.9 Devialet, Jaybird

12.10 VOXX International Corp

12.11 Zebronics India Pvt. Ltd


13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments


14. Conclusion


An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Share Page
Start a Conversation

Hi! Click one of our member below to chat on Phone