3D audio market has seen demand traction due to rising implementation across end-use applications, with commercial implementations holding the largest share. Industries, such as gaming, cinemas, music, and automobiles
A new research report titled, “3D Audio Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the report, the global 3D audio market is likely to grow at a CAGR of over 16.4% during the assessment period 2017-2025, and reach a valuation of US$ 12.34 Bn.
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The audio industry, which is in a re-evaluation stage, is witnessing significant technological advancements across the industry. Developments in music industry, which saw introduction of upgraded audio technology, also known as three dimensional (3D) audio, has changed the way services are being delivered.
With focus on enhancing consumer experience, this sound mix technology delivers music (Sound) to a listener in 3 dimensions.
3D audio market has seen demand traction due to rising implementation across end-use applications, with commercial implementations holding the largest share. Industries, such as gaming, cinemas, music, and automobiles, have been leading verticals in adopting the technology so as to enhance natural sound experience and real-life visualization experience for their customers.
Global 3D Audio Market: Scope of the Report
The study provides a decisive view on the global 3D audio market, by segmenting the market on the basis of component into hardware, software, and services. Hardware segment is further bifurcated into loud speakers, head phones, microphones/mic and others.
By end-use, the market has been classified into personal/In-house and commercial. Personal/In-house segment is further divided into mobile devices, home theater, and gaming.
Commercial segment is also further classified into automobile, cinema, music, gaming, museum, VR concerts, and others. The report provides detailed breakdown of the 3D audio market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.
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The report highlights the competitive scenario within the 3D audio market, thus ranking all the major players according to the key recent developments and their geographic presence. The insights for the 3D audio market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews.
These market estimates have been analyzed by considering the impact of different economic, political, social, legal and technological factors.
On the basis of country, North America market is bifurcated into Canada, The U.S., and rest of North America. Furthermore, Europe market is analyzed across France, Germany, U.K., and Rest of Europe.
APAC 3D audio market is also segment as country level which include China, Japan, India, and Rest of Asia Pacific. Middle East and Africa region covers the G.C.C.
Countries, South Africa and Rest of Middle East and Africa. Similarly, South America region includes Brazil and Rest of South America.
This report provides all the strategic information required to understand the 3D audio market along with its components and end-users. Also, the report provides insights related to the components and different end-users according to the various geographical regions mentioned above.
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Global 3D Audio Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.
Further, for this report we have specifically focused on data from, the UK cinema association, cinema theatre association, international game developers association and UK interactive entertainment among others.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the 3D audio market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis.
Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends,. These factors help to validate and strengthen secondary research findings.
Moreover, the data collected and analyzed from secondary and primary research, is again discussed and examined by our expert panel.
Global 3D Audio Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global 3D audio market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
Parameters such as 3D audio investment & spending and developments by the major players of the market are tracked. Some of the key players in the 3D audio market are OSSIC, 3D Sound Labs, Auro Technologies Inc., Comhear Inc., Dolby Labs, DTS, Inc.(Xperi Corporation), Dysonics, Hooke Audio, ISONO Sound, Sennheiser electronic GmbH & Co., VisiSonics Corporation (Realspace 3D), and Waves Audio Ltd.
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