Global High-Definition Audio Market Size By Product (Wired Audio, Wireless Audio), By Application (Home, Commercial), By Geographic Scope And Forecast

High-Definition Audio Market Size And Forecast

High-Definition Audio Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.

Increasing demand for high-quality music, especially among audiophiles is one of the key factors for the growth of the High-Definition Audio Market. Additionally, the rising demand for high-quality wireless audio technology and devices has prompted the growth of the High-Definition Audio Market worldwide. The Global High-Definition Audio Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global High-Definition Audio Market Definition

High-definition audio (HD audio) refers to a high-bandwidth audio signal used in recorded music. Distinct software has different high-definition audio standards, but most of them use the pulse width modulation approach and sample at a frequency of more than 44100 Hz with a depth greater than 16 bits. High-definition audio is also called high-resolution audio. For better quality music and other sounds, the sound industry requires high audio. Large audio files with large kBps are chosen when space is not an issue. In commercial applications, high-definition audio is used to encode signals with the least amount of data loss possible, and the signal is enhanced in certain cases by sampling at a high frequency to improve the quality.

FLAC, ALAC, WAV, AIFF, and DSD are all high-definition audio formats. However, just because an audio file is saved in one of these formats does not mean it is of excellent quality. Previous to the release of HD Audio, on-board high-quality audio was only available if your motherboard had a separate high-quality audio controller – such as VIA’s Envy24. With HD Audio, the chipset’s southbridge delivers high-quality audio without the need for a separate controller chip, which would increase the motherboard’s cost.

To perform the required digital/analog and analog/digital conversions, the southbridge simply requires an external codec (coder/decoder) chip. When compared to a “full” controller chip, this type of chip is less expensive. C-Media 9880 is an example of a codec that is compatible with Intel’s HD Audio. High-Resolution Audio (HRA) or High-Definition Audio (HD Audio) is a term used by recording and hi-fi audio retailers for audio files having the highest quality of sound reproduction.

Global High-Definition Audio Market Overview

Increasing demand for high-quality music, especially among audiophiles is one of the key factors for the growth of the High-Definition Audio Market. The demand for such high-quality wireless audio devices comes from a variety of sources, such as the residential market, the commercial sector, and specialized markets like security services and military departments. The demand for high-definition audio speakers and music systems is also high in the automotive industry. This is helping the market for high-definition audio products is gaining more traction. Additionally, the rising demand for high-quality wireless audio technology and devices has prompted the growth of the High-Definition Audio Market worldwide.

However, the affordability of high-definition audio products is one of the major factors restraining the growth. Because of their application, which is predominantly in the niche market, these technologies are expensive by nature. Another concern is file size. A high-quality audio file, unlike a normal audio file, might be tens of megabytes in size, quickly filling up the device’s storage. Furthermore, there are a variety of high-resolution audio file formats to choose from, each with its own set of compatibility requirements. All of these factors limit the demand for high audio products. Furthermore, increasing demand for soundbars and home theaters in emerging economies might open the way for the growth of the High-Definition Audio Market. Its commercial application, especially in offices and recreational spaces, might help the High-Definition Audio Market gather momentum.

Global High-Definition Audio Market Segmentation Analysis

The Global High-Definition Audio Market is segmented on the basis of Product, Application, and Geography.

High-Definition Audio Market, By Product

• Wired Audio• Wireless Audio

Based on Product, the market is segmented into Wired Audio, and Wireless Audio. The wireless segment is expected to grow at a significant rate during the forecasted years.

High-Definition Audio Market, By Application

• Home• Commercial• Vehicle• Other

Based on Application, the market is segmented into Home, Commercial, Vehicle, and Other. The home segment is expected to grow at a significant rate during the forecasted year.

High-Definition Audio Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, the Global High-Definition Audio Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Asia Pacific Offers lucrative Growth opportunities for the High-Definition Audio Market. Some of the leading manufacturers of high-definition audio products are based in North America and Europe. On the other hand, Asia Pacific is a prominent region that is home to some of the most well-known consumer electronics firms specializing in the audio industry.

Key Players

The “Global High-Definition Audio Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Beats, Harman, Bose, Sennheiser, Audio-Technica, Sony, Beyerdynamic, Grado, Philips, Shure, Pioneer, Audeze, Etymotic Research, HiFiMan, and OPPO.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In January 2020, HARMAN Luxury Audio launches the JBL 4305P Studio Monitor Powered Bookshelf Loudspeaker System Featuring High-resolution Streaming Audio and Prosumer Connectivity.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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