Market Size of Audio Amplifier Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Audio Amplifier Market Analysis
The Audio Amplifier Market is expected to grow at a CAGR of 5.9% over the forecast period 2021 to 2026. The increasing use of smartphones to stream music and home-enabled smart speakers has been fueling the adoption of audio amplifiers. Further, with continuous progress in the technology of smartphones, tablets, PCs, and speakers, the allied performance of the audio amplifier market is thus, creating high demand among the consumers, which gives optimum opportunities for the growth of the audio amplifier market.
- Similarly, as per the growing consumer electronics segment, in January 2020, HELM Audio and THX partnered to develop an amplification solution for portable devices. The advancement of portable audio was resorted by leveraging THX Certified mobile headphone amplifier. The HELM DB12 AAAMP Mobile Headphone Amplifier has been developed to fit in the user's hand along with a plug-and-play amplifier. The additional features highlight working with a pair of 3.5mm wired headphones with +12 dB of zero distortion volume gain and improved stereo imaging and clarity.
- Also, commercial events or professional applications across 2019 have been boosting the adoption of audio amplifiers. For instance, Schottenhamel, an attendant to Munich's famous Oktoberfest, upgraded its sound system for the 2019 event. The company resorted to Electro-Voice and Dynacord by bringing in an XLD line-array loudspeaker system from Electro-Voice, while Dynacord IPX amplifiers were used to power the enhanced audio system. Also, with a shift to Dynacord IPX10:8 amplifiers, advantages highlighted were the eight-channel amplifier format, along with signal processing and zone allocation.
- Further with an increase in developments across advanced and power-efficient electronic products led the Automotive Applications to drive Class D Audio Amplifier Performance. The Class D audio power amplifier has been regulated to cater to low-end applications while delivering performance equal to that of Class AB counterparts.
- In February 2020, JL Audio introduced the JD Series car audio amplifier line-up. The four models are inclusive of three monoblock subwoofer amplifiers and a four-channel full-range amplifier. The company has developed the same by combining its NexD Class-D technology to feature advanced auto turn-on, clipping indicator for accurate level setting, to name a few.
- Similar developments have been witnessed across other players as well. For instance, in May 2020, Yamaha expanded its Premium Hi-Fi Family of Audio Components with the addition of A-S Series of Integrated Amplifiers. Allied models, A-S1200, A-S2200, and A-S3200 integrated amplifiers are compatible with the company's 5000 Series of speakers, amps, pre-amps, and turntable, thus, enabling the music industry to leverage a complete line-up of Hi-Fi audio components from the company.
- Likewise, Crestron launched a new line of X Series modular audio amplifiers at ISE 2020, which particularly aimed at meeting spaces and classrooms of varied sizes. The company's modular amplifiers are 1 RU high, including the AMP-X300 (1/2-space wide) and AMP-X50MP (1/4-space wide) to be connected with any other modular amplifier for larger applications in case, more power is needed.
- Increasing product launches in the wake of offering mission-critical applications led JL Audio to introduce MVi Marine Amplifiers with Integrated DSP. JL's "MVi" line of networkable DSP amplifiers for the marine industry feature built-in tuning power, reference-grade audio performance, and better installation flexibilities. A total of eight models were announced to adhere to boatbuilders' and boat owners' needs. This further addresses the challenges of boats and ships in achieving optimal sound quality from an audio system.
- The impact of COVID-19 on the audio amplifier market is gloomy as the consumer electronics industry is badly affected and is likely to continue to have serious ramifications for the future availability of consumer electronics. With the looming supply chain problem, the growth of the market is expected to slow down.
