As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global market of 3D audio is being significantly aided by the increasing developments being made in the entertainment as well as the media industry. Applications like virtual reality and augmented reality are the major factors driving the market growth. The increasing usage of VR in the gaming industry is also facilitating the 3D audio industry growth. The growing consumer electronics industry is further aiding the market growth. Rising research and development activities bringing new innovations in the field of audio-based gadgets are also aiding the market. The growing retail market coupled with the increasing middle-class population and improving standards of living is also boosting the industry growth. The market is further expected to grow in emerging regions, owing to their increasing industrial activities, rapid urbanisation, and rising disposable incomes. However, the rising prevalence of coronavirus pandemic across the world has hindered the market growth, but with reducing lockdowns and economies turning back to normal, the 3D audio industry is likely to grow during the forecast period.
Companies like Dolby Laboratories Licensing Corporation (US NYSE: DLB) have also facilitated in maintaining the demand across the globe for products made with 3D audio. On the basis of geography, North America is the major contributor to the market, specifically due to the demand generated from countries like the United States. Also, the Asia Pacific is expected to emerge as a significant market in the coming years owing to the increasing consumer electronics industry, especially from countries like Japan and India.
Market Breakup by Component, Products, Sound Type, End Use, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global 3D audio market include Dolby Laboratories Licensing Corporation, Waves Audio Ltd, Auro Technologies Inc., Comher Inc., Sennheiser Electronics GmbH & Co. KG, and Dysonics, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.