Middle East & Africa 3D Audio Market Forecast to 2030 - Regional Analysis - By Component (Hardware, Software, Services) and End Use Industries (Consumer Electronics, Automotive, Media and Entertainment, Gaming, and Others)

BMIRE00029755 | Pages: 80 | Electronics and Semiconductor | Mar 2024 | Type: Regional | Status: Published

The Middle East & Africa 3D audio market was valued at US$ 479.24 million in 2022 and is expected to reach US$ 1,228.12 million by 2030; it is estimated to grow at a CAGR of 12.5% from 2022 to 2030.

Proliferation of Gaming Industry Fuels the Middle East & Africa 3D Audio Market

The use of advanced technologies such as head-related transfer functions (HRTF) is growing in the media & entertainment industry. Players in the Middle East & Africa 3D audio market are working on merging the HRTF technology for improved user experience. When watching movies on smartphones with earphones, 3D audio is more immersive than 2D audio. In the film industry, HRTF integration simulates 3D audio when mirrored sounds reach the ears from multiple directions through various speakers located on all four sides of a space. The HRTF is implemented for a wide range of sound devices, including headphones, to provide a distinct surround sound impression. Consumers are increasingly interested in installing home theater systems that take advantage of the experience offered by HRTF. A certification called Dolby Digital is given to consumers using HRTF, which is based on surround sound effects. HRTF processing is also emulated using software without the use of any external hardware to produce surround sound.

Furthermore, headphone manufacturers are investing in products that integrate HRTF technology to provide users with the greatest 3D auditory environment. In January 2023, JBL expanded its new JBL Quantum Series headsets. After the success of its first wireless gaming headset-the JBL Quantum TWS, the company also launched the next installment in the series-the JBL Quantum TWS Air. Therefore, the constant rise in use of HRTF in media & entertainment sector fuels the Middle East & Africa 3D audio market growth.

Middle East & Africa 3D Audio Market Overview

A 3D audio sound system is an acoustic system utilized to provide sound in a three-dimensional space to the users. The 3D audio effect is a pattern of different sound effects constructed by 3D speaker arrays, stereo speakers, headphones, and surround-sound speakers. These systems are installed in an extensive range of applications, such as mobile devices, gaming consoles, AR/VR-based audio systems, home theater systems, etc. In addition, industries such as automobiles, consumer electronics, and media & entertainment are implementing 3D audio systems to offer enhanced 3D sound experience and real-time visualization to its users.

The continuous developments in the media & entertainment sector and the introduction of modern AV technologies fuel the Middle East & Africa 3D audio market growth. The 3D audio manufacturers are focusing on the incorporation of sound-mix technology in hardware to offer enhanced music (sound) to listeners in a 3D space. Also, the proliferation of the gaming industry is boosting the Middle East & Africa 3D audio market. Moreover, the growing inclination toward online 3D music streaming offers a lucrative opportunity to the Middle East & Africa 3D audio market players.

Middle East & Africa 3D Audio Market Revenue and Forecast to 2030 (US$ Million)

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Middle East & Africa 3D Audio Market Segmentation

The Middle East & Africa 3D audio market is segmented into component, end use industries, and country.

Based on component, the Middle East & Africa 3D audio market is segmented into hardware, software, and services. The hardware segment held the largest share in 2022.

Based on end use industries, the Middle East & Africa 3D audio market is segmented into consumer electronics, automotive, media and entertainment, gaming, and others. The media and entertainment segment held the largest share in 2022.

Based on country, the Middle East & Africa 3D audio market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa 3D audio market in 2022.

Barco NV, Dolby Laboratories Inc, Waves Audio Ltd., and Sennheiser electronic GmbH & Co. KG are some of the leading companies operating in the Middle East & Africa 3D audio market.

Table of Content

 

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Middle East & Africa 3D Audio Market Landscape

4.1 Overview

4.2 Ecosystem Analysis

4.2.1 Component Providers:

4.2.2 3D Audio System Manufacturers:

4.2.3 End Users:

4.2.4 List of Vendors in the Value Chain:

5. Middle East & Africa 3D Audio Market - Key Industry Dynamics

5.1 Drivers

5.1.1 Rise in use of HRTF in Media & Entertainment Sector

5.1.2 Proliferation of Gaming Industry

5.2 Restraints:

5.2.1 Connectivity Issues and High Overall Costs

5.3 Opportunities:

5.3.1 Growing Adoption of Online 3D Music Streaming

5.3.2 Increasing Importance of Spatial Audio

5.4 Future Trends:

5.4.1 Use of 3D Audio in Podcasts

5.5 Impact of Drivers and Restraints:

6. 3D Audio Market -Middle East & Africa Market Analysis

6.1 Middle East & Africa 3D Audio Market Revenue (US$ Million), 2022 - 2030

6.2 Middle East & Africa 3D Audio Market Forecast and Analysis

7. Middle East & Africa 3D Audio Market Analysis - Component

7.1 Hardware

7.1.1 Overview

7.1.2 Hardware Market Revenue and Forecasts To 2030 (US$ Million)

7.1.3 Loudspeakers

7.1.3.1 Overview

7.1.4 Loudspeakers Market Revenue and Forecasts To 2030 (US$ Million)

7.1.5 Headphones

7.1.5.1 Overview

7.1.6 Headphones Market Revenue and Forecasts To 2030 (US$ Million)

7.1.7 Microphones

7.1.7.1 Overview

7.1.8 Microphones Market Revenue and Forecasts To 2030 (US$ Million)

7.1.9 Others

7.1.9.1 Overview

7.1.10 others Market Revenue and Forecasts To 2030 (US$ Million)

7.2 Software

7.2.1 Overview

7.2.2 Software Market Revenue and Forecasts To 2030 (US$ Million)

7.3 Services

7.3.1 Overview

7.3.2 Services Market Revenue and Forecasts To 2030 (US$ Million)

8. Middle East & Africa 3D Audio Market Analysis - End-Use Industries

8.1 Consumer Electronics

8.1.1 Overview

8.1.2 Consumer Electronics Market Revenue and Forecasts To 2030 (US$ Million)

8.2 Automotive

8.2.1 Overview

8.2.2 Automotive Market Revenue and Forecasts To 2030 (US$ Million)

8.3 Media and Entertainment

8.3.1 Overview

8.3.2 Media and Entertainment Market Revenue and Forecasts To 2030 (US$ Million)

8.4 Gaming

8.4.1 Overview

8.4.2 Gaming Market Revenue and Forecasts To 2030 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others Market Revenue and Forecasts To 2030 (US$ Million)

9. Middle East & Africa 3D Audio Market - Country Analysis

9.1 Middle East & Africa

9.1.1 Middle East & Africa 3D Audio Market Overview

9.1.2 Middle East & Africa 3D Audio Market Breakdown, by Country

9.1.3 Middle East & Africa 3D Audio Market Revenue and Forecasts and Analysis - By Countries

9.1.3.1 South Africa 3D Audio Market Revenue and Forecasts to 2030 (US$ Mn)

9.1.3.1.1 South Africa 3D Audio Market Breakdown by Component

9.1.3.1.2 South Africa 3D Audio Market Breakdown by End-Use Industries

9.1.3.2 Saudi Arabia 3D Audio Market Revenue and Forecasts to 2030 (US$ Mn)

9.1.3.2.1 Saudi Arabia 3D Audio Market Breakdown by Component

9.1.3.2.2 Saudi Arabia 3D Audio Market Breakdown by End-Use Industries

9.1.3.3 UAE 3D Audio Market Revenue and Forecasts to 2030 (US$ Mn)

9.1.3.3.1 UAE 3D Audio Market Breakdown by Component

9.1.3.3.2 UAE 3D Audio Market Breakdown by End-Use Industries

9.1.3.4 Rest of Middle East & Africa 3D Audio Market Revenue and Forecasts to 2030 (US$ Mn)

9.1.3.4.1 Rest of Middle East & Africa 3D Audio Market Breakdown by Component

9.1.3.4.2 Rest of Middle East & Africa 3D Audio Market Breakdown by End-Use Industries

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

11. Company Profiles

11.1 Barco NV

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Dolby Laboratories Inc

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Waves Audio Ltd.

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Sennheiser electronic GmbH & Co. KG

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

12. Appendix

12.1 Word Index

 

List of Tables

Table 1. Middle East & Africa 3D Audio Market Segmentation

Table 2. Middle East & Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Million)

Table 3. Middle East & Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Million) - Component

Table 4. Middle East & Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Million) - Hardware

Table 5. Middle East & Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Million) - End-Use Industries

Table 6. Middle East and Africa 3D Audio Market, by Country - Revenue and Forecast to 2030 (USD Million)

Table 7. South Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By Component

Table 8. South Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By Hardware

Table 9. South Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By End-Use Industries

Table 10. Saudi Arabia 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By Component

Table 11. Saudi Arabia 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By Hardware

Table 12. Saudi Arabia 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By End-Use Industries

Table 13. UAE 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By Component

Table 14. UAE 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By Hardware

Table 15. UAE 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By End-Use Industries

Table 16. Rest of Middle East & Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By Component

Table 17. Rest of Middle East & Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By Hardware

Table 18. Rest of Middle East & Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn) - By End-Use Industries

Table 19. List of Abbreviation

 

List of Figures

Figure 1. Middle East & Africa 3D Audio Market Segmentation, By Country

Figure 2. Ecosystem: Middle East & Africa 3D audio market

Figure 3. Middle East & Africa 3D Audio Market - Key Industry Dynamics

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Middle East & Africa 3D Audio Market Revenue (US$ Million), 2022 & 2030

Figure 6. Middle East & Africa 3D Audio Market Share (%) - Component, 2022 and 2030

Figure 7. Hardware Market Revenue and Forecasts To 2030 (US$ Million)

Figure 8. Loudspeakers Market Revenue and Forecasts To 2030 (US$ Million)

Figure 9. Headphones Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Microphones Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 12. Software Market Revenue and Forecasts To 2030 (US$ Million)

Figure 13. Services Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. Middle East & Africa 3D Audio Market Share (%) - End-Use Industries, 2022 and 2030

Figure 15. Consumer Electronics Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. Automotive Market Revenue and Forecasts To 2030 (US$ Million)

Figure 17. Media and Entertainment Market Revenue and Forecasts To 2030 (US$ Million)

Figure 18. Gaming Market Revenue and Forecasts To 2030 (US$ Million)

Figure 19. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 20. Middle East & Africa 3D Audio Market, by Key Country - Revenue (2022) (US$ Million)

Figure 21. 3D Audio Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 22. South Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 23. Saudi Arabia 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 24. UAE 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 25. Rest of Middle East & Africa 3D Audio Market Revenue and Forecasts To 2030 (US$ Mn)

1. Barco NV
2. Dolby Laboratories Inc
3. Waves Audio Ltd.
4. Sennheiser electronic GmbH & Co. KG

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 3D Audio market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa 3D Audio market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa 3D Audio market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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