Report ID: SQMIG25E2076
Report ID:
SQMIG25E2076 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
66 |
Figures:
77
The overwhelming portion of revenue in 2022 came from Asia Pacific. The audio amplifier market is anticipated to develop at the fastest rate in the Asia-Pacific region. The rise of the audio amplifier industry is mostly due to increased consumer disposable income, expanding consumer electronics device usage, thriving infrastructure, and technological innovation in the area. The market in this region is expanding as a result of increased investment in the consumer electronics and automotive industries in Asia Pacific. In addition, Asia Pacific is the home of some of the biggest consumer electronics companies in the world, including Samsung, Panasonic, Toshiba, and LG Electronics. infrastructure growth and the accessibility of cheap labour in emerging countries.
Europe is expected to be the second-largest market for audio amplifiers during the forecast period, with Germany being the largest market in the region. The increasing adoption of portable devices and the growing demand for high-quality audio in automotive and home audio systems are expected to drive the growth of the market in this region. The CAGR for Europe is expected to be around 3% during the forecast period.
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Report ID: SQMIG25E2076