Consumer Audio Market Challenges, Size, Growth, Key Vendors, Drivers and Trends by Forecast to 2027 | Impact of COVID-19
Market Analysis Market Research Future (MRFR) projects the global consumer audio market size to reach USD 138 billion, registering a CAGR of 14.2% from 2020–2026 (forecast period). Numerous Factors Contributing to Market Growth Consumer audio refers to audio electronics designed for home entertainment, such as shelf stereos, music centers, and surround sound receivers. These equipment are intended to be visually appealing as well as audibly pleasing. Nevertheless, these consumable goods rarely meet the criteria of a genuine music producer, audiophile, or someone who is more concerned with sound quality than appearance. Consumer demand for more features, higher quality, and cheaper pricing is always increasing, putting pressure on audio and electronics manufacturers to differentiate on cost efficiency, shorter time to market, and superior performance. Rising demand for infotainment devices, increased acceptance of advanced wireless audio devices, and the proliferation of connected h