3D Audio Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032

The global 3D audio market was valued US$ 3,717.7 Mn in 2018 and is anticipated to reach US$ 10,621.5 Mn by 2024, growing at a compound annual growth rate of 16.2% from 2018 to 2024. Asia Pacific contributed the major market share in 2016 and the region is expected to be market leader throughout the projected period from 2018 to 2024.

The global 3D audio market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA) and South America. Further, the market is again analyzed at country level across these mentioned regions. Asia Pacific (APAC) held the major market share for 3D audio market in 2016 and is expected to expand at a CAGR of 17.4% during the projected period from 2018 to 2024. With cinema digitization and rising portable media devices is expected to be key factor boosting the market growth in Asia Pacific. Among various countries in this region, China held majority of revenue share followed by Japan. Moreover, India is expected to grow with healthy and significant CAGR over the projected period from 2018 to 2024.

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Europe region, also held substantial market share in the global 3D audio market. Technological developments in the music industry are expected to show positive growth opportunity for 3D audio market across the region. Automotive industry demand for 3D audio enabled advanced driver assistance system, is also expected to boost the 3D audio market across the region, over the projected period from 2018 to 2024, 2017 - 2024. Across the Europe Region in 2016, France held the major market share followed by Germany, the similar trend is expected to be seen during the projected period from 2018 to 2024.

North America (NA) is expected to hold the second major market revenue share of global 3D audio market throughout the study period, representing a CAGR of 13.5% during the projected period from 2018 to 2024, 2017 - 2024. Across the North America Region, The U.S. holds the majority of the market revenue share, of the 3D audio market. The U.S. is expected to grow with a steady CAGR followed by Canada. Across the North America market, technological advancements across aviation industry are expected to create lucrative market opportunities for 3D audio solutions.

Audio system implementation across the aircraft infotainment system is expected to create growth opportunity for the 3D audio market, in near future. Further, increasing disposable income and hence enhanced lifestyle is creating a demand for superior audio solutions such as 3D audio systems and various 3D audio peripherals.

Middle East and Africa, is expected to grow at a highest CAGR during projected period from 2018 to 2024 i.e. 2017 - 2024. Hardware segment and cinema industry segment is expected to boost the MEA region growth during the projected period from 2018 to 2024. GCC Countries and South Africa are the major countries which hold substantial market share in 2016. Furthermore, the Rest of MEA segment is expected to show higher CAGR growth over the projected period from 2018 to 2024. South America is expected to be followed by MEA region. Brazil holds the majority of market share in South America and the similar trend is expected to be followed throughout the projected period from 2018 to 2024.

The major players in global 3D audio market are Dolby Labs, OSSIC, Auro Technologies Inc, DTS, Inc(Xperi Corporation), ISONO Sound, Dysonics, Hooke Audio, Sennheiser electronic GmbH & Co., VisiSonics Corporation (Realspace 3D), 3D Sound Labs, Comhear Inc., and Waves Audio Ltd.

Sementation:

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • India
  • China
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America