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3D Audio Market Trends

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

3D Audio Market Trends

The rising adoption of 3D audio in virtual meetings is driven by the need to bridge physical distances and recreate the dynamics of face-to-face communication. Technology improves sound localization & direction, allowing participants to identify music and individual sounds in multilateral conversations. The result is a superior & seamless virtual meeting experience that supports effective communication & collaboration. Furthermore, the integration of 3D audio into virtual meetings is in line with the trend to improve the overall quality of remote workplaces. Investing in right solutions is critical as organizations are trying to become more resilient and are increasingly relying on virtual communication. 3D audio enhances sound clarity and intelligence, increasing its use in virtual meetings. The integration of the 3D audio technology will play an important role in enhancing communication, facilitating collaborations, as organizations continue to embrace remote work and virtual collaboration.

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.

3D Audio Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 241
  • Countries covered: 19
  • Pages: 280
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