According to the latest research from Fact.MR, the global portable audio amplifier market is expected to grow at a rate of more than 5% between 2021 and 2031. Consumer demand for media and entertainment, as well as electronics, is likely to provide a plethora of opportunities during the same time period.
Furthermore, residential purposes have accounted for convenient sale in recent years, and the sale is expected to increase in the near future. Although, due to the COVID-19 pandemic, the growth rate of the portable amplifier market fell by 4-5 percent in Q3 and Q4 of 2020. However, in the coming years, the market is expected to grow at a positive rate in terms of both value and volume.
- By Class
- Class A
- Class B
- Class AB
- Class D
- Class G
- Class DG
- Class H
- By Product Type
- Television Sets
- Desktops & Laptops
- Home Audio Systems
- Automotive Infotainment Systems
- Professional Audio Systems
- By Features
The Portable Audio Amplifier Market in North America is Expected to Grow.
Portable audio amplifiers are widely used in North America. The United States, in particular, is the region’s most important manufacturer and consumer, with a sizable market share. During the assessment period, North America is expected to dominate global audio amplifier demand. Consumer demand has grown dramatically as a result of rapid urbanisation.
Because of improved living standards and rising per capita income, household purposes are in high demand in North America. The automobile industry’s consumption is regarded as a key factor in driving significant sales, which are expected to increase in the coming years.
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Who are the Key Manufacturers and Suppliers of Portable Audio Amplifier?
Some of the leading manufacturers and suppliers of portable audio amplifier include-
- Texas Instruments
- Silicon Lab
- Pendulum Audio
- Peachtree Audio
- ON Semiconductor
- NXP Semiconductor
- Microchip Technology
Demand Forecast for Portable Audio Amplifiers in Europe
Portable audio amplifiers have a large market share in Europe. Since the past two decades, residential purposes have accounted for significant demand, and sales are expected to trade in line with historical patterns during the forecast period. The COVID-19 crisis has had a significant impact on many European countries, including Germany, Italy, and France, resulting in a drop in economic activity in early 2020.
The recovery of the automobile sector in Europe had an impact on sales in Q3 and Q4 of 2020. The automotive industry is having a difficult year all over the world. However, the market trend is expected to show a positive growth rate by early 2022, which is attributed to a surge in production.