Market Share of Global Audio Devices and Components Industry
The Global Audio Devices and Components Market is fragmented with significant players like Bose Corporation, Sony Corporation, Apple Inc., Bowers & Wilkins., etc. The rapid technological advancements, intense competition, and frequent changes in consumer preferences are expected to threaten the market's growth of the companies during the forecast period.
- August 2021 - Indian audio brand BLUEI announced the launch of the BLUEI Monster home theater with an LED display fully controlled by a remote. Equipped with Bluetooth 5.0 technology, the home theater provides 40W surround sound and a 3D stereo experience.
- May 2021 - Sonova, a Swiss company offering medical audio products like hearing aids and cochlear implants, announced its intentions to buy the consumer electronics division of German firm Sennheiser. It implies that Sonova is taking over Sennheiser's portfolio of consumer headphones, wireless earbuds, and soundbars, moving into an expanding market for personal audio equipment.
Audio Devices & Components Market Leaders
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Sony Corporation
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Bose Corporation
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Apple Inc.
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Sonos Inc
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Bowers & Wilkins.
*Disclaimer: Major Players sorted in no particular order
