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3D Audio Market Share

Report ID: GMI5877
Published Date: May 2023
Report Format: PDF

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3D Audio Market Market Share

The major companies operating in the 3D audio market include

Auro Technologies
CEVA, Inc
Dirac Research AB
Dolby Laboratories, Inc.
DTS, Inc.
Fraunhofer Institute for Integrated Circuits
Harman International Industries, Inc.
Hooke Audio
OSSIC Corporation
Out Board
Sennheiser Electronic GmbH & Co. KG
Sony Corporation
Sound Particles
VisiSonics
Waves Audio Ltd.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for 3D audio was valued at USD 5 billion in 2022 and is anticipated to grow at a CAGR of over 10% between 2023 and 2032. The growing demand for media & entertainment experiences including gaming, Virtual Reality (VR), Augmented Reality (AR), and 360-degree video content, along with technological advancements are diving the industry growth.

The commercial segment of the 3D Audio will expand at over 10% CAGR through 2032, owing to the demand for 3D audio in commercial application such as in theatres, cinemas, and automotives.

North America accounted for 40% share in 3D audio industry in 2022, as the region is home to Hollywood. Also, rapid adoption of 3D audio technology by the music, film, television, and gaming sectors to enhance the overall audio-visual experience is adding to regional market share.

Auro Technologies, CEVA, Inc, Dirac Research AB, Dolby Laboratories, Inc., DTS, Inc., Fraunhofer Institute for Integrated Circuits, Out Board, Sennheiser Electronic GmbH & Co. KG, and Sony Corporation among others.