Global Networked Audio Products Market 2017-2021

Overview of the global networked audio products market

Research analysis on the global networked audio products market identifies that the rise in the number of smart homes will be one of the major factors that will have a positive impact on the growth of the market.  Technavio's market research analysts predict that this market will grow at a CAGR of nearly 17% by 2021. Many homes in developed countries, such as the US and the UK, are renovated to smart homes. A smart home consists of smart electronics, consumer electronic devices, and media and entertainment gadgets that are connected to the home network with the ability to interact among each other. Moreover, the need for smart homes is driven by the demand for energy conservation, convenience, and connectivity among home devices. In addition, government initiatives are also supporting smart homes for a better living driving the growth of smart homes. Networked audio devices facilitate the communication between networked devices using the home network and provide easy streaming of content, such as videos and music. The smart homes market is widely developed across numerous developed countries and is likely to grow in popularity in developing countries in the forthcoming years. This will lead to the growth of the networked audio products market globally.

In terms of geographic regions, APAC will be the major revenue contributor to the networked audio products market by the end of the predicted period. The growth of the market in this region mainly attributes to factors such as the increase in disposable income and the presence of major region-based vendors such as Pioneer, Samsung Electronics, and Yamaha.

Competitive landscape and key vendors  

The networked audio products market is highly competitive and consists of large vendors. During the forecast period, the competition will increase due to the rise in product extensions. Service providers in the market mainly compete based on factors such as pricing, technology, features, sound quality, design, and size.

The leading vendors in the market are ?

• Pioneer
• Samsung Electronics
• Sonos
• Yamaha 

The other prominent vendors in the market are Cambridge Audio, Cirrus Logic, Denon, Grace Digital, Logitech, Naim Audio, On-Hold Plus, QSC, Marantz America, Roku, Sherwood, Sony, TEAC, and TOA Electronics.

Segmentation by technology and analysis of the networked audio products market

• Bluetooth
• DLNA
• Airplay
• Play-Fi
• Sonos

During 2016, the Bluetooth technology segment accounted for the major shares of the networked audio products market. Factors such as the easy integration of this technology with devices, such as speakers, mobile devices, and computing devices will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the networked audio products market

• Commercial users
• Residential users

As per this market research report, the residential user segment will hold the maximum share of the networked audio products market until 2021. The increased adoption of wireless speakers globally and availability of smart speakers with multi-room streaming will drive the growth of the segment in the global market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global networked audio products market?
• What are the key market trends impacting the growth of the global networked audio products market?
• What are the challenges to market growth?
• Who are the key vendors in the global networked audio products market?
• What are the market opportunities and threats faced by the vendors in the global networked audio products market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global networked audio products market?

Technavio also offers customization on reports based on specific client requirement.

Networked audio products are used to stream multiple audio devices smoothly using streaming technology such as Bluetooth, Airplay, or Play-fi. The upcoming report on the global networked audio product market is an essential component in the media and entertainment industry. Our market research report for the consumer electronics sector comprises of an in-depth analysis of broad range of business assessment parameters such as market size, growth drivers, prominent vendors, emerging trends, and key insights. The report also identifies some of the vendor operating in the market such as Yamaha, Pioneer, Sonos, Sony, and JBL.

Technavio gathers business intelligence data on key parameters such as revenue, pricing, distribution, products, competition, and innovation by conducting exhaustive primary and secondary research. Qualitative and quantitative research methodologies like vendor analysis, trends and driver analysis, and market size and market growth assessment are also used to accurately forecast the growth prospects of the market.

This upcoming report on the global networked audio product market uses various segmentation criteria to provide a segregated view of the market to help the clients with choosing the lucrative target markets. To do so, they gather intelligence data from geographies such as the Americas, EMEA, and APAC and point out the most lucrative market and also identify markets with future growth potential.

The upcoming market research report for the global networked audio product market also highlights the key drivers, emerging trends, competitive intelligence, business customers, as well as the restraints that the consumer electronics sector currently experiences. It also presents insights and overview into the rapidly altering competitive scenario of the media and entertainment industry. The report also covers related sectors from media and entertainment industry such as gaming, media and entertainment services, and internet and e-commerce sectors.

Our market research methodology for the global networked audio product market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.