Global Audio Equipment
Market Report
2025
The global Audio Equipment market size will be USD 35241.5 million in 2024. Growing demand for immersive audio experiences in gaming, entertainment, and virtual reality is expected to boost sales to USD 58467.38 million by 2031, with a Compound Annual Growth Rate (CAGR) of 7.50% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Audio Equipment market size will be USD 35241.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.50% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Audio Equipment Market Sales Revenue | 121212 | $ 35241.5 Million | 121212 | 121212 | 121212 | 7.5% |
North America Audio Equipment Market Sales Revenue | 121212 | $ 14096.6 Million | 121212 | 121212 | 121212 | 5.7% |
Mexico Audio Equipment Market Sales Revenue | 121212 | $ 1282.79 Million | 121212 | 121212 | 121212 | 6.2% |
Canada Audio Equipment Market Sales Revenue | 121212 | $ 1691.59 Million | 121212 | 121212 | 121212 | 6.5% |
United States Audio Equipment Market Sales Revenue | 121212 | $ 11122.2 Million | 121212 | 121212 | 121212 | 5.5% |
Europe Audio Equipment Market Sales Revenue | 121212 | $ 10572.5 Million | 121212 | 121212 | 121212 | 6% |
Spain Audio Equipment Market Sales Revenue | 121212 | $ 866.94 Million | 121212 | 121212 | 121212 | 5.1% |
United Kingdom Audio Equipment Market Sales Revenue | 121212 | $ 1776.17 Million | 121212 | 121212 | 121212 | 6.8% |
Russia Audio Equipment Market Sales Revenue | 121212 | $ 1638.73 Million | 121212 | 121212 | 121212 | 5% |
Italy Audio Equipment Market Sales Revenue | 121212 | $ 909.23 Million | 121212 | 121212 | 121212 | 5.4% |
Germany Audio Equipment Market Sales Revenue | 121212 | $ 2093.35 Million | 121212 | 121212 | 121212 | 6.2% |
France Audio Equipment Market Sales Revenue | 121212 | $ 972.67 Million | 121212 | 121212 | 121212 | 5.2% |
Rest of Europe Audio Equipment Market Sales Revenue | 121212 | $ 1638.73 Million | 121212 | 121212 | 121212 | 4.7% |
Asia Pacific Audio Equipment Market Sales Revenue | 121212 | $ 8105.55 Million | 121212 | 121212 | 121212 | 9.5% |
Japan Audio Equipment Market Sales Revenue | 121212 | $ 1118.57 Million | 121212 | 121212 | 121212 | 8% |
China Audio Equipment Market Sales Revenue | 121212 | $ 3647.5 Million | 121212 | 121212 | 121212 | 9% |
Australia Audio Equipment Market Sales Revenue | 121212 | $ 421.49 Million | 121212 | 121212 | 121212 | 9.2% |
India Audio Equipment Market Sales Revenue | 121212 | $ 972.67 Million | 121212 | 121212 | 121212 | 11.3% |
Korea Audio Equipment Market Sales Revenue | 121212 | $ 810.55 Million | 121212 | 121212 | 121212 | 8.6% |
Rest of APAC Audio Equipment Market Sales Revenue | 121212 | $ 575.49 Million | 121212 | 121212 | 121212 | 9.3% |
South America Audio Equipment Market Sales Revenue | 121212 | $ 1762.08 Million | 121212 | 121212 | 121212 | 6.9% |
Argentina Audio Equipment Market Sales Revenue | 121212 | $ 296.03 Million | 121212 | 121212 | 121212 | 7.8% |
Brazil Audio Equipment Market Sales Revenue | 121212 | $ 754.17 Million | 121212 | 121212 | 121212 | 6% |
Chile Audio Equipment Market Sales Revenue | 121212 | $ 126.87 Million | 121212 | 121212 | 121212 | 5.7% |
Peru Audio Equipment Market Sales Revenue | 121212 | $ 144.49 Million | 121212 | 121212 | 121212 | 7.1% |
Colombia Audio Equipment Market Sales Revenue | 121212 | $ 156.82 Million | 121212 | 121212 | 121212 | 6.7% |
Rest of South America Audio Equipment Market Sales Revenue | 121212 | $ 283.69 Million | 121212 | 121212 | 121212 | 6% |
Middle East and Africa Audio Equipment Market Sales Revenue | 121212 | $ 704.83 Million | 121212 | 121212 | 121212 | 5.7% |
Egypt Audio Equipment Market Sales Revenue | 121212 | $ 74.01 Million | 121212 | 121212 | 121212 | 6% |
Turkey Audio Equipment Market Sales Revenue | 121212 | $ 60.62 Million | 121212 | 121212 | 121212 | 6.7% |
Rest of MEA Audio Equipment Market Sales Revenue | 121212 | $ 83.17 Million | 121212 | 121212 | 121212 | 6.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Outlook: |
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Market Split by Distribution Channel Outlook: |
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Market Split by End-use Outlook: |
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List of Competitors |
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Regional Analysis |
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Market Trends:
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Report scope is customizable as we have a huge database of Audio Equipment industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Audio Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Audio Equipment Market encompasses a wide range of devices designed to capture, amplify, or reproduce sound. This includes products such as headphones, speakers, soundbars, home theater systems, microphones, and professional audio equipment used in industries like entertainment, music, broadcasting, and public address systems. The Audio Equipment Market is experiencing significant growth, driven by increasing consumer demand for high-quality, immersive sound experiences in both home entertainment and personal audio devices. The rise of streaming services, gaming, and virtual reality (VR) platforms has created new avenues for audio equipment sales. Furthermore, advancements in wireless technologies like Bluetooth and Wi-Fi have propelled the popularity of untethered audio solutions, while integration with smart home systems has expanded the market’s reach.
In April 2024, Sony Electronics Inc. launched a fresh series of home audio products called BRAVIA Theater, aiming to transform BRAVIA into a brand centered on movie-watching for an enhanced home cinema experience. By consolidating TVs, soundbars, and other audio technologies under the BRAVIA brand, Sony envisions a streamlined home theater setup for customers to indulge in a cinematic experience with top-notch picture and sound quality. (Source: https://www.sony.co.in/pressrelease?prName=bring-cinema-home-with-bravia-theatre-bar-8-and-bar-9-soundbars-for-unmatched-sound-experience)
The growing trend of home theaters and personal audio systems is a significant driver for the Audio Equipment Market. Consumers are increasingly seeking high-quality sound systems to enhance their home entertainment experience. The rise in disposable income, especially in developed countries, has led to a surge in demand for premium audio products like soundbars, home theater systems, and wireless speakers. As consumers prioritize immersive experiences in movies, music, and gaming, the demand for superior audio equipment continues to expand, further stimulating market growth. For instance, July 2024, Allen & Heath and Harrison Audio introduced Harrison LiveTrax, a new software for multitrack recording and virtual soundcheck. It has been designed to work smoothly with Allen & Heath’s mixers, capturing scene changes as markers on the timeline for easy virtual soundcheck and timecode automation
The development of wireless technologies such as Bluetooth, Wi-Fi, and other connectivity innovations has revolutionized the audio equipment industry. These advancements have enabled seamless integration of audio devices with smartphones, tablets, and other smart devices, allowing for greater convenience and flexibility in usage. The increasing popularity of wireless headphones, speakers, and smart home audio systems has opened new opportunities for manufacturers. As consumers continue to favor untethered experiences, the adoption of wireless audio equipment is expected to drive continued market growth and product innovation.
One of the key restraints in the Audio Equipment Market is the high price associated with premium products. High-end audio systems, which offer superior sound quality and advanced features, are often priced out of reach for a large segment of consumers, particularly in emerging markets. This cost barrier limits the broader adoption of premium audio equipment, as many consumers opt for more affordable, lower-quality alternatives. Additionally, with price sensitivity being a significant factor, the premium segment faces challenges in achieving widespread market penetration, restricting overall market growth potential.
Covid-19 pandemic had a mixed impact on the Audio Equipment Market, initially causing disruptions in production and supply chains due to factory shutdowns and logistical challenges. However, as lockdowns and social distancing measures led to an increase in home entertainment consumption, there was a surge in demand for home audio equipment, including sound systems, headphones, and gaming audio devices. Consumers sought to enhance their at-home experiences, driving growth in the market. On the downside, economic uncertainty and reduced discretionary spending in certain regions led to a slowdown in sales of high-end audio equipment. Despite these challenges, the market quickly adapted, with a shift toward online sales channels and an increased focus on wireless and smart audio products.
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The Audio Equipment Market is highly competitive, with a diverse range of global and regional players offering various audio solutions across multiple segments. Key industry players include well-established brands such as Bose Corporation, Sony Corporation, Harman International (Samsung Electronics), Sennheiser, and Bang & Olufsen, who dominate the premium segment with advanced, high-quality products.
In April 2024, Goodix Technology released a new smart amplifier for mobile audio designs. The TFA9865's new device utilizes an exclusive, completely digital design and sophisticated production methods to enhance audio quality. Aimed at setting new standards in the audio industry, the TFA9865 audio amplifier boasts compact dimensions of only 2.2x2.2mm², delivering improved power efficiency, increased sound volume, and reduced noise levels. (Source: https://www.goodix.com/en/product/audio/smart_amplifier) In May 2024, Sony Electronics Inc. announced that it is the official consumer headphones and wireless speakers partner for the Sueños Music Festival, following the release of its ULT POWER SOUND series, a range of speakers and headphones aimed at delivering strong bass and an immersive music experience. The series includes three Bluetooth speakers, ULT TOWER 10, ULT FIELD 7, ULT FIELD 1, and the wireless noise-canceling headphone ULT WEAR, all designed to provide deep bass and superior sound quality. (Source: https://www.sony.co.in/pressrelease?prName=sony-india-launches-ult-power-sound-a-new-series-of-speakers-and-headphones-with-massive-bass-and-ultimate-vibe)
Top Companies Market Share in Audio Equipment Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the Audio Equipment Market due to several key factors. The region boasts a high level of disposable income, enabling consumers to invest in premium audio products like high-definition speakers, noise-canceling headphones, and home theater systems. Additionally, North America is home to a robust entertainment and media industry, with a growing demand for audio equipment in gaming, music production, and streaming services.
Asia-Pacific is the fastest-growing region in the Audio Equipment Market due to rapid urbanization, rising disposable incomes, and increasing consumer demand for advanced audio technologies. The region's young, tech-savvy population is driving demand for wireless, portable, and smart audio devices, particularly in countries like China, India, and Japan. Additionally, the booming entertainment, gaming, and mobile phone sectors contribute significantly to the market's growth.
The current report Scope analyzes Audio Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Audio Equipment market size was estimated at USD 35241.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 14096.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
According to Cognitive Market Research, the global Audio Equipment market size was estimated at USD 35241.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 10572.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
According to Cognitive Market Research, the global Audio Equipment market size was estimated at USD 35241.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 8105.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
According to Cognitive Market Research, the global Audio Equipment market size was estimated at USD 35241.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1762.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
According to Cognitive Market Research, the global Audio Equipment market size was estimated at USD 35241.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 704.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031..
Global Audio Equipment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Audio Equipment Industry growth. Audio Equipment market has been segmented with the help of its Product Outlook:, Type Outlook: Distribution Channel Outlook:, and others. Audio Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Audio Equipment Market?
According to Cognitive Market Research, The microphone segment holds the largest share in the Audio Equipment Market due to its essential role in various applications such as live sound, recording studios, broadcasting, and public speaking. The growing demand for professional audio equipment in the entertainment, music, and media sectors drives the microphone market. Innovations such as wireless and smart microphones, alongside advancements in sound quality and noise reduction, further strengthen the segment’s dominance.
The audio monitors segment is the fastest-growing in the Audio Equipment Market, primarily driven by the increasing demand for high-quality audio equipment in professional environments like music production, film, and broadcasting. With the rise in home studios, content creation, and the growth of the gaming industry, audio monitors are gaining popularity for their precision and clarity. Their demand is also fueled by advancements in speaker technology, offering improved sound fidelity and reduced distortion.
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According to Cognitive Market Research, the wired audio equipment segment remains dominant in the Audio Equipment Market due to its reliability and consistent performance. Wired devices, such as headphones, speakers, and microphones, offer superior sound quality without the risk of connectivity issues common in wireless devices. They are widely used in professional settings, including studios, broadcasting, and live performances, where sound fidelity is critical.
The wireless audio equipment segment is the fastest-growing in the market, driven by the increasing demand for convenience, portability, and ease of use. Wireless headphones, speakers, and sound systems are rapidly gaining popularity due to their ability to connect seamlessly with smartphones, tablets, and other smart devices. The rise in smart home technologies, along with advancements in Bluetooth and Wi-Fi connectivity, has made wireless audio solutions more accessible and user-friendly.
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According to Cognitive Market Research, The online retail segment is the dominant distribution channel in the Audio Equipment Market, driven by the growing trend of e-commerce and changing consumer purchasing behavior. Online platforms provide customers with easy access to a wide range of audio products, competitive pricing, and the convenience of home delivery. Additionally, detailed product reviews, ratings, and the ability to compare different brands enhance the online shopping experience.
The hypermarkets/supermarkets segment is the fastest-growing distribution channel in the Audio Equipment Market. This growth is driven by the increasing number of consumers who prefer to shop for electronics in large retail stores, where they can physically experience the products before making a purchase. Additionally, the convenience of finding audio equipment alongside other consumer goods, combined with promotions and discounts, has contributed to the surge in sales through these channels.
According to Cognitive Market Research, the home entertainment segment is the dominant end-user category in the Audio Equipment Market, driven by the increasing demand for high-quality audio systems in residential settings. Consumers are investing in premium sound systems, such as soundbars, home theater systems, and wireless speakers, to enhance their movie, music, and gaming experiences. As streaming services and digital content consumption grow, the need for advanced audio solutions in homes continues to rise.
The automotive segment is the fastest-growing end-user category in the Audio Equipment Market, propelled by the increasing demand for advanced in-car audio systems. Automakers are integrating high-quality sound solutions into vehicles, offering enhanced audio experiences as part of premium features. Consumers are increasingly seeking superior sound systems in their vehicles, particularly with the rise of electric and connected cars.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Conclusion
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Disclaimer:
Product Outlook: | Mixers, Amplifiers, Microphones, Audio Monitors, Others |
Type Outlook: | Wired, Wireless |
Distribution Channel Outlook: | Hypermarkets/Supermarkets, Online Retail, Others |
End-use Outlook: | Commercial, Automotive, Home Entertainment, Other |
List of Competitors | Akai (inMusic, Inc.), Audio Partnership Plc, Bose Corporation, Dolby Laboratories, Inc., XPERI INC, HARMAN International, Intex Technologies, JVCKENWOOD Corporation, LG Electronics, Nakamichi Corporation, Nice North America, Panasonic Holdings Corporation, Koninklijke Philips N.V., SHARP CORPORATION, Vistron (Dong Guan) Audio Equipment Co., Ltd., SAMSUNG |
This chapter will help you gain GLOBAL Market Analysis of Audio Equipment. Further deep in this chapter, you will be able to review Global Audio Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Audio Equipment. Further deep in this chapter, you will be able to review North America Audio Equipment Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Audio Equipment. Further deep in this chapter, you will be able to review Europe Audio Equipment Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Audio Equipment. Further deep in this chapter, you will be able to review Asia Pacific Audio Equipment Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Audio Equipment. Further deep in this chapter, you will be able to review South America Audio Equipment Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Audio Equipment. Further deep in this chapter, you will be able to review Middle East and Africa Audio Equipment Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Audio Equipment. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Outlook: Analysis 2019 -2031, will provide market size split by Product Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Distribution Channel Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by End-use Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Audio Equipment market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Mixers have a significant impact on Audio Equipment market? |
What are the key factors affecting the Mixers and Amplifiers of Audio Equipment Market? |
What is the CAGR/Growth Rate of Wired during the forecast period? |
By type, which segment accounted for largest share of the global Audio Equipment Market? |
Which region is expected to dominate the global Audio Equipment Market within the forecast period? |
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