Market Overview:
The global networked audio products market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for networked audio products in commercial and household applications, and the growing popularity of wireless technologies such as Bluetooth, AirPlay, DLNA, Play-Fi, and Sonos. In terms of type, the global networked audio products market can be segmented into airplay-enabled devices, Bluetooth-enabled devices, DLNA-enabled devices (including smart TVs), Play-Fi enabled devices (including smart speakers), and Sonos enabled devices. Of these segments, airplay-enabled devices are expected to witness the highest growth during the forecast period owing to their growing popularity among consumers for streaming music content wirelessly. In terms of application area or sectoral use case scenario within which these products are deployed/used by consumers/end users respectively; then again there could be different levels or types viz., Households: where people primarily use them inside their homes like in living rooms or bedrooms etc.; Commercial: where typically businesses would deploy these solutions e.g., restaurants with music systems playing in background; Office Spaces: here too one could see various types usage scenarios such as reception areas having a sound system on whereas workers might want headphones for privacy while working etc.
Product Definition:
A networked audio product is a piece of electronics equipment that connects to a network, typically the Internet, and can play or record audio content. Networked audio products are often used in home entertainment systems to stream music from online services or play files stored on computers or network-attached storage devices. They can also be used in professional settings to connect multiple microphones and speakers for conferences or presentations.
AirPlay:
AirPlay is a protocol for streaming media over IP-based networks. It was developed by Apple Inc. and is now maintained by the AirPlay Alliance, which comprises hardware and software manufacturers, content providers, network operators as well as service providers. The AirPlay protocol has been standardized under the W3C (World Wide Web Consortium) specification called “WebSocket” and has also entered into Microsoft’s patent portfolio under US 648000 A (Microsoft Protocols).
Bluetooth:
Bluetooth is a wireless technology for connecting electronic devices, such as mobile phones, tablets, and computers. It enables the connection of peripherals including headphones to personal computers and audio devices. Bluetooth provides a short-range wireless communication between two gadgets in order to wirelessly transmit audio data from one device to another.
The primary function of Bluetooth is the transfer of data; it can also be used for making calls using dialing codes via cell phones.
Application Insights:
The commercial application segment dominated the global networked audio products market, accounting for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to a rising number of smart speaker installations in commercial spaces such as hotels, restaurants and shopping malls by companies such as Amazon and Google. With the help of digital assistants like Alexa and Google Home, these companies are providing music services through their networked speakers systems which is driving the demand for sound system at commercial places.
Household application is expected to witness significant growth over the forecast period owing to increasing adoption rate of smart speakers across households worldwide coupled with growing usage of third-party applications through smartphones or computers using Wi-Fi or Bluetooth connectivity respectively.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing adoption of networked audio products, high disposable income, and growing number of smart homes. Europe is expected to witness significant growth over the forecast period owing to rising demand for multiroom audio systems and increasing popularity of music streaming services such as Spotify and Deezer. Asia Pacific is projected to register considerable growth over the coming years due to rising penetration of smartphones in this region coupled with increased spending on entertainment activities such as watching movies or listening music online.
The key players operating in this industry are Alpine Electronics (France), Bang & Olufsen (Denmark), Bose Corporation (U S A) Denon Heos Audio System Group LG Electronics Philips loudspeakers Samsung Electric Co.
Growth Factors:
- Increasing demand for high-quality audio products
- Proliferation of digital audio formats and devices
- Growing popularity of streaming music services
- Advances in wireless technology and networking protocols
- Emergence of new applications and use cases for networked audio
Scope Of The Report
Report Attributes
Report Details
Report Title
Networked Audio Products Market Research Report
By Type
AirPlay, Bluetooth, Digital Living Network Alliance (DLNA), Play-Fi, Sonos
By Application
Household, Commercial, Office, Other
By Companies
Pioneer, SamsungElectronics, Sonos, Yamaha, CambridgeAudio, CirrusLogic, Denon, GraceDigital, Logitech, NaimAudio, On-HoldPlus, QSC, MarantzAmerica, Roku, Sherwood, Sony, TEAC, TOAElectronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Networked Audio Products Market Report Segments:
The global Networked Audio Products market is segmented on the basis of:
Types
AirPlay, Bluetooth, Digital Living Network Alliance (DLNA), Play-Fi, Sonos
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial, Office, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pioneer
- SamsungElectronics
- Sonos
- Yamaha
- CambridgeAudio
- CirrusLogic
- Denon
- GraceDigital
- Logitech
- NaimAudio
- On-HoldPlus
- QSC
- MarantzAmerica
- Roku
- Sherwood
- Sony
- TEAC
- TOAElectronics
Highlights of The Networked Audio Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AirPlay
- Bluetooth
- Digital Living Network Alliance (DLNA)
- Play-Fi
- Sonos
- By Application:
- Household
- Commercial
- Office
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Networked Audio Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Networked Audio Products is a company that manufactures audio products, such as speakers and headphones. The company's products are designed to be used with other audio products, such as home theater systems and portable music players. Networked Audio Products also offers software that allows users to control their audio devices using a remote control.
Some of the major companies in the networked audio products market are Pioneer, SamsungElectronics, Sonos, Yamaha, CambridgeAudio, CirrusLogic, Denon, GraceDigital, Logitech, NaimAudio, On-HoldPlus, QSC, MarantzAmerica, Roku, Sherwood, Sony, TEAC, TOAElectronics.
The networked audio products market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Networked Audio Products Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Networked Audio Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Networked Audio Products Market - Supply Chain
4.5. Global Networked Audio Products Market Forecast
4.5.1. Networked Audio Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Networked Audio Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. Networked Audio Products Market Absolute $ Opportunity
5. Global Networked Audio Products Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Networked Audio Products Market Size and Volume Forecast by Type
5.3.1. AirPlay
5.3.2. Bluetooth
5.3.3. Digital Living Network Alliance (DLNA)
5.3.4. Play-Fi
5.3.5. Sonos
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Networked Audio Products Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Networked Audio Products Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.3.3. Office
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Networked Audio Products Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Networked Audio Products Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Networked Audio Products Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Networked Audio Products Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Networked Audio Products Demand Share Forecast, 2019-2026
9. North America Networked Audio Products Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Networked Audio Products Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Networked Audio Products Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.4.3. Office
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Networked Audio Products Market Size and Volume Forecast by Type
9.7.1. AirPlay
9.7.2. Bluetooth
9.7.3. Digital Living Network Alliance (DLNA)
9.7.4. Play-Fi
9.7.5. Sonos
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Networked Audio Products Demand Share Forecast, 2019-2026
10. Latin America Networked Audio Products Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Networked Audio Products Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Networked Audio Products Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.4.3. Office
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Networked Audio Products Market Size and Volume Forecast by Type
10.7.1. AirPlay
10.7.2. Bluetooth
10.7.3. Digital Living Network Alliance (DLNA)
10.7.4. Play-Fi
10.7.5. Sonos
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Networked Audio Products Demand Share Forecast, 2019-2026
11. Europe Networked Audio Products Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Networked Audio Products Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Networked Audio Products Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.4.3. Office
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Networked Audio Products Market Size and Volume Forecast by Type
11.7.1. AirPlay
11.7.2. Bluetooth
11.7.3. Digital Living Network Alliance (DLNA)
11.7.4. Play-Fi
11.7.5. Sonos
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Networked Audio Products Demand Share, 2019-2026
12. Asia Pacific Networked Audio Products Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Networked Audio Products Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Networked Audio Products Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.4.3. Office
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Networked Audio Products Market Size and Volume Forecast by Type
12.7.1. AirPlay
12.7.2. Bluetooth
12.7.3. Digital Living Network Alliance (DLNA)
12.7.4. Play-Fi
12.7.5. Sonos
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Networked Audio Products Demand Share, 2019-2026
13. Middle East & Africa Networked Audio Products Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Networked Audio Products Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Networked Audio Products Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.4.3. Office
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Networked Audio Products Market Size and Volume Forecast by Type
13.7.1. AirPlay
13.7.2. Bluetooth
13.7.3. Digital Living Network Alliance (DLNA)
13.7.4. Play-Fi
13.7.5. Sonos
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Networked Audio Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Networked Audio Products Market: Market Share Analysis
14.2. Networked Audio Products Distributors and Customers
14.3. Networked Audio Products Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pioneer
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SamsungElectronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sonos
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yamaha
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CambridgeAudio
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CirrusLogic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Denon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GraceDigital
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Logitech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NaimAudio
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. On-HoldPlus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. QSC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MarantzAmerica
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Roku
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sherwood
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sony
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TEAC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. TOAElectronics
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
