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Posts tagged Consumer Audio Market

The Evolving Anatomy of Automotive Audio: Market on Track to Achieve $26B by 2027 — Futuresource Consulting

Drivers and passengers expect high-quality audio in their cars - and those expectations are growing. Many automotive companies now use audio to differentiate themselves and promote branded audio. As the automotive audio system market continues to gain traction, it is expected to generate $25B by the end of 2023 and rising to $29B by 2027.

Emerging MarketsStaff ReportsOctober 27, 2023Automotive Audio, Automotive Aftermarket, Consumer Audio Market, Emerging markets, Automotive Sector

Spotify HiFi: Why it is a Big Deal and What it Means for the Consumer Audio Market, New Report from Futuresource Consulting

This announcement is significant. Spotify has been historically reluctant to offer lossless streaming, which demonstrates a shift in consumer expectations. As Spotify is the leading streaming player with 155 million subscribers globally, it means that high-quality audio will finally be within reach of mainstream adoption.

Emerging MarketsMelissa FisherFebruary 25, 2021audio competition, Consumer Audio Market, Audio Streaming, Futuresource Consulting, COVID-19, HiFi