Audio Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Audio Equipment Market Report is Segmented by Product Type (Mixers, Amplifiers, Microphones, Audio Monitors, and Other Product Types), End User (Commercial, Automotive, Home Entertainment, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers the Market Sizes and Forecasts for all the Above Segments in Value (USD) Terms.

Audio Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Audio Equipment Industry Overview

The audio equipment market is fragmented, featuring prominent players like Yamaha Corporation, Alpine Electronics, Kenwood Corporation, Behringer, and Allen & Heath. Changing consumer demands are driving companies to innovate in the space to attract more consumers. These key players in the market are actively pursuing various strategies, including partnerships and acquisitions, to enhance their product portfolios and establish a sustainable competitive advantage.

  • July 2024: Allen & Heath and Harrison Audio introduced Harrison LiveTrax, a new software for multitrack recording and virtual soundcheck. It has been designed to work smoothly with Allen & Heath’s mixers, capturing scene changes as markers on the timeline for easy virtual soundcheck and timecode automation.
  • April 2024: Sony Electronics Inc. launched a fresh series of home audio products called BRAVIA Theater, aiming to transform BRAVIA into a brand centered on movie-watching for an enhanced home cinema experience. By consolidating TVs, soundbars, and other audio technologies under the BRAVIA brand, Sony envisions a streamlined home theater setup for customers to indulge in a cinematic experience with top-notch picture and sound quality.

Audio Equipment Market Leaders

  1. Yamaha Corporation

  2. Alpine Electronics

  3. Allen & Heath

  4. Kenwood Corporation

  5. Behringer

  6. *Disclaimer: Major Players sorted in no particular order
Audio Equipment Market Concentration