Wireless is Redefining the Home Audio Market

 The popularity of mobile devices and changing consumer habits in media consumption are not only increasing demand for wirelessly connected audio devices, but also rapidly altering the home audio landscape, according to new research from IHS Technology (NYSE: IHS), the leading global source of critical information and insight. 
 
Annual shipments of connected audio products, including wireless speakers, wireless soundbars, and connected AV receivers, are expected to grow at a compound annual growth rate (CAGR) of 88 percent, from 1.5 million units in 2010 to nearly 66 million units in 2018.
 
“Growing penetration of tablets and smartphones -- combined with an ongoing shift in consumer media consumption preferences toward those devices and streaming services such as Spotify, Pandora, and Deezer -- are collectively driving a behavioral shift in how people listen to music inside and outside their homes,” said Paul Erickson, senior analyst for IHS Technology. “Consumers are seeking ways to wirelessly play audio from their mobile devices on speakers in the room they’re in, in multiple rooms in a household, and on speakers carried with them while on the go. This geographically diverse need will drive strong global growth in Wi-Fi and Bluetooth connected speakers over the next few years.” 
 
“While the whole wireless speakers category is forecast to grow rapidly, network-connected multi-room speaker systems is the small-but-growing subcategory to watch,” Erickson continued. “Heavyweights Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are all entering the market, with products or platforms designed to take on a rapidly growing segment initially popularized by Sonos.” 

 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Introducing the revolutionary Comelit Visto Smart Doorbell

Introducing the revolutionary Comelit Visto Smart Doorbell

The Visto Doorbell is a new Smart Doorbell from Comelit which combines a modern Italian design with all of the basic features you are looking for in a smart video doorbell. In fact, it is so smart that it can use the 2 wires from your existing doorbell and pass both the power and the data signals. This solves the common problem of having poor wifi coverage all the way at your front door. The Visto also has built in night vision, video recording on a SD card and in the cloud, motion detection, and multiple mounting options including an angle mount. The second thing we are introducing is the Visto Dealer referral program. Because we only sell through the Professional Distribution channel, we want to give our dealers who buy in that channel extra incentives to sell our product. For any security dealers or installers who go on our website www.vistodoorbell.com, and sign up for our program, we will offer the following: - Free referrals to customers in your area - Cashback program - 10% discount during the 1st month of the launch - Free Visto t-shirts and gear - A chance to win a trip for 2 to Venice, Italy Its that easy. Let us refer customer to you and get paid in the process. All while selling a wonderful Italian designed smart doorbell which is innovative and easy to install. So all dealers should protect the pro-channel and install products like the Visto which are made and sold only at your friendly local security and low voltage distributors.