Audio

At Futuresource Consulting’s flagship event Audio Collaborative, conversations on the future of audio were abundant. One panel, chaired by Guy Hammett (Head of Home Audio at Futuresource), explored this in detail.

As part of the BPI’s new Insight Session 50 series, audio and music experts gathered at the iconic Abbey Road Studios for an event dubbed The Future of Recorded Music.

Wearable healthcare devices like smartwatches and fitness trackers have become synonymous with active and outdoorsy folk, but body-monitoring devices like these can also be revolutionary in the care of the elderly. Also known as elderly watches, the goal is to allow older adults to live more independently day to day.

The consumer loudspeaker market continues to climb, achieving 7.6% year-on-year value growth last year, despite being held back by adverse economic conditions.

Despite a wider category slowdown in Bluetooth speakers, party speakers posted significant double digit percentage point growth by the close of 2022.

The consumer love affair with headphones continues to flourish, with new research from Futuresource Consulting showing the global market achieved both volume and value growth during Q4 2022. That’s despite a number of challenges impacting the wider CE market.

The global home audio market continued to feel the squeeze in Q4 2022, with volume and value both experiencing year-on-year contraction.

The home audio market experienced a year of twists and turns in 2022, with a difficult first half giving way to a resurgence of consumer activity.