Blockchain Press Releases
Audio Amplifier Market to Reach $7 Billion, Globally, by 2032 at 5.2% CAGR: Allied Market Research
The audio amplifier market is driven by factors such as an increase in demand for high-quality audio output, growing traction of in-vehicle infotainment systems, and increase in popularity of consumer electronic devices
PORTLAND, Ore., July 3, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Audio Amplifier Market by Class (A, B, A/B, D, Others), By Channel (Mono, 2-Channel, 4-Channel, Others), By End Use Device (Smartphones, Television Sets, Desktops and Laptops, Automotive Infotainment Systems, Tablets, Home Audio Systems, Professional Audio Systems): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global audio amplifier industry generated $4.2 billion in 2022, and is projected to reach $7 billion by 2032, registering a CAGR of 5.2% from 2023 to 2032.
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Prime determinants of growth
The audio amplifier market is anticipated to expand significantly during the forecast period owing to an increase in demand for high-quality audio output. In addition, the growing traction of in-vehicle infotainment systems of audio amplifier devices fuels the market growth. Additionally, the audio amplifier is anticipated to benefit owing to the increase in the penetration of IoT and is expected to present enormous opportunities for the market over the forecast period. On the other hand, integration of audio amplification in consumer electronic devices is anticipated to restrain the market growth during the forecast period.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2022–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$4.2 billion |
|
Market Size in 2032 |
$7 billion |
|
CAGR |
5.2 % |
|
No. of Pages in Report |
325 |
|
Segments covered |
Class, Channel, End Use Device, and Region. |
|
Drivers |
Increase in demand for high-quality audio output Growing traction of in-vehicle infotainment systems Increase in popularity of consumer electronic devices |
|
Opportunities |
Increase in the penetration of IoT Increase in popularity of audio-centric applications |
|
Restraints |
Competition from other technologies |
COVID-19 Scenario
- COVID-19’s impact on the audio amplifier market was negative because the consumer electronics industry had been severely harmed and supply chain were disrupted.
- Social distancing norms led to unavailability of labor at the workplace. Many companies adopted for work-from-home.
The D class segment to maintain its leadership status throughout the forecast period.
Based on class, the D class segment held the highest market share in 2022, accounting for around two-fifths of the global audio amplifier market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to their high-power efficiency and compact size. Moreover, the D class segment is projected to manifest the highest CAGR of 6.04% from 2023 to 2032, driven by the proliferation of smart home devices and Internet of Things (IoT) technology. In addition, D class amplifiers are integrated into various smart home devices such as voice-activated speakers, smart TVs, and home automation systems, providing efficient amplification with minimal heat generation.
The 2-Channel segment to maintain its leadership status throughout the forecast period.
Based on channel, the 2-Channel segment held the highest market share in 2022, accounting for more than one-third of the global audio amplifier market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the 2-Channel segment is projected to manifest the highest CAGR of 6.27% from 2023 to 2032 due to the demand for premium audio systems and specialized installations in residential and commercial spaces. These trends and growth factors present significant opportunities for audio amplifier providers in the 2-channel segment.
The smartphones segment to maintain its leadership status throughout the forecast period.
Based on end use device, the smartphones segment held the highest market share in 2022, accounting for around one-third of the global audio amplifier market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to advanced audio technologies such as enhanced digital-to-analog converters (DACs), dedicated audio amplifiers, and powerful signal processing algorithms. In addition, the home audio systems segment is projected to manifest the highest CAGR of 7.22% from 2023 to 2032 due to greater emphasis on energy-efficient and sustainable audio solutions. Moreover, there are future opportunities for audio amplifier manufacturers to develop energy-efficient amplifiers with advanced power management systems, reducing standby power usage, and eco-friendly production techniques. These factors collectively create a strong demand for audio amplifiers in the audio amplifier market.
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Asia-Pacific to maintain its dominance by 2032.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global audio amplifier market revenue. This region is expected to witness the fastest CAGR of 5.93% from 2023 to 2032, owing to rise in investments in consumer electronics and automotive industries which are fueling the growth of the market in this region.
Leading Market Players: –
- Analog Devices, Inc.
- Cirrus Logic, Inc.
- Infineon Technologies AG
- JVCKENWOOD Corporation
- NXP Semiconductors.
- ON Semiconductor Corporation
- Qualcomm Technologies, Inc
- STMicroelectronics N.V.
- Texas Instruments Incorporated.
- Yamaha Corporation
The report provides a detailed analysis of these key players of the global audio amplifier market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the audio amplifier market analysis from 2022 to 2032 to identify the prevailing audio amplifier market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the audio amplifier market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global audio amplifier market trends, key players, market segments, application areas, and market growth strategies.
Audio Amplifier Market Key Segments:
By End use Device
- Smartphones
- Television Sets
- Desktops and Laptops
- Automotive Infotainment Systems
- Tablets
- Home Audio Systems
- Professional Audio Systems
By Class
- A
- B
- A/B
- D
- others
By Channel
- Mono
- 2-Channel
- 4-Channel
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/audio-amplifier-market/purchase-options
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain Press Releases
Blockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
DUBAI, UAE, Nov. 14, 2024 /PRNewswire/ — The highly anticipated Web3 Oscar, a prestigious event hosted by the Blockchain for Good Alliance (BGA), celebrating blockchain projects driving real-world impact aligned with the UN’s 17 Sustainable Development Goals (SDGs). Industry leaders gathered in Bangkok to honour innovators shaping a sustainable future.
The event was part of BGA’s November lineup, featuring two major initiatives for global change through blockchain: the Sustainable Innovation Summit and the Web3 Oscar Awards.
Sustainable Innovation Summit: A Hackathon for Social Impact
Held from September 9 to November 11, 2024, the Sustainable Innovation Summit hosted a hackathon with a $100,000 prize pool, inviting participants worldwide to create blockchain solutions addressing key issues such as poverty, clean water access, and gender equality. The summit concluded with a Demo Day at the Grand Hyatt Erawan in Bangkok, where finalists showcased their projects to blockchain pioneers, investors, and industry leaders, with opportunities for incubation support and equity-free funding.
Rising Stars
In a cinematic presentation style, 10 shortlisted projects from across the globe, participating in the Sustainable Innovation Summit’s 17 SDGs Challenge, took the stage. Each team presented their blockchain solutions to address sustainability challenges, telling the story of a “hero” confronting a global crisis (one of the 17 SDGs), with blockchain as the “tool” they wield for change.
Winners for the 17 SDGs Challenge:
- 1st Place: Grand Social Impact Award 🥇 EthicHub
- 2nd Place: Outstanding Social Innovation Award 🥈 Plastic Odyssey
- 3rd Place: Emerging Impact Award 🥉 ResearchHub
Rising Star Awards (top 10 projects, in no specific order):
- Wavy Health
- LAKE (LAK3)
- KulaDAO
- erable°
- arkreen
- UCO Network
- Edu3Labs
Web3 Oscar Awards: Honouring Leaders in Blockchain for Social Good
Coinciding with the hackathon’s Demo Day on November 11, the BGA Web3 Oscar Award recognizes individual contributions to blockchain for social good across three categories, with up to 7 total winners.
Each category highlights individual efforts aligning with BGA’s mission.
The Collaboration Bridge Award honours individuals who have played a vital role in guiding the strategic direction of the Blockchain for Good Alliance (BGA). This year’s recipients are:
- Harn, CEO of Trigger Asset Management
- Mariana de la Roche Wills from INATBA (International Association for Trusted Blockchain Applications) and de la Roche W. Consulting
The Public Welfare Contribution Award celebrates individuals who have harnessed #BlockchainForGood. This award was presented to:
- BreeAnne Yek, Consultant at The Verdant Room
- Milica Dimitrijevic from Positiveblockchain.io
These individuals have demonstrated remarkable dedication, guidance, and pioneering work, significantly advancing the mission of the Blockchain for Good Alliance (BGA) in promoting sustainable development through blockchain technology.
In her closing remarks, Helen Liu, Co-founder and COO of Bybit and founder of BGA, explained how blockchain can bring people together to make a real difference worldwide. Her vision for leveraging blockchain to create worldwide impact was both inspiring and forward-thinking.
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: [email protected]
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
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