The Global Audio Devices and Components Market is expected to register a CAGR of 11.8% during the forecast period (2022-2027). The market is growing because to the incorporation of voice assistant technology and the availability of a wide range of products at competitive pricing. The advancements in artificial intelligence (AI), 5G networks, and the Internet of Things (IoT) have resulted in products that are simple to use, stable, and dependable.
Key HighlightsThe Global Audio Devices and Components Market is a fragmenetd market with significant players like Bose Corporation, Sony Corporation, Apple Inc., Bowers & Wilkins., etc. The rapid technological advancements, intense competition, and frequent changes in consumer preferences are expected to pose a threat to the market's growth of the companies during the forecast period.
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