Category: Audio Equipment
Asia Audio Equipment
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Headphones in China
... still smaller than seen in previous years, due to penetration of TWS earbuds having deepened in China. The positive performance in 2023 is driven by improving sales of smartphones and continued product innovation from manufacturers, ... Read More
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In-Car Entertainment in China
... overall sales of products to be fitted after the sale of the car. As a result, the volume sales of in-car navigation in 2023 are expected to be notably lower than sales seen in 2020. ... Read More
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Home Audio and Cinema in South Korea
... a trend which was seen throughout the review period. With limited mobility outside of the home, many local consumers invested in upgrading their home entertainment options. The lifting of COVID-19 social distancing measures in early ... Read More
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In-Car Entertainment in South Korea
... high-tech built-in navigation systems, as well as smartphones. As car makers aim to appeal to younger consumers, they focus on attractive selling points such as in-car entertainment. For example, in 2023, Hyundai and Kia motor ... Read More
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Headphones in South Korea
... saw a solid positive performance. The pandemic led to the rise of OTT services and audio content (e.g., streaming services, YouTube, podcasts, audiobooks, etc.), and media consumption on smartphones became the norm. This media consumption ... Read More
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Headphones in Singapore
... of price points. These efforts have made TWS earbuds increasingly popular and accessible to a wider target audience. Newer TWS earbuds offer improved comfort, active noise cancellation, and superior sound quality when compared to previous ... Read More
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Headphones in Thailand
... a functional accessory for listening to music, but rather, a fashion statement to complement one's style and personality. As a result, headphone manufacturers are increasingly focusing on designs and colours that appeal to the younger ... Read More
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Home Audio and Cinema in Indonesia
... by streaming services, motivates consumers to upgrade their sound systems. Speakers is the only category member enjoying positive volume sales growth in 2023. Urban consumers in Indonesia, in particular, are highly conscious of the convenience ... Read More
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Home Audio and Cinema in Thailand
... moving away from rural villages to cities, many consumers are now living in small apartments. With space at a premium, they are increasingly switching away expensive and bulky home theatre systems with a plethora of ... Read More
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Home Audio and Cinema in Singapore
... retail volume sales of home cinema and speaker systems in 2020 due to pandemic lockdowns. Developments in technology and a greater preference for consuming digital content is supporting this decline, in addition to wireless speakers ... Read More
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In-Car Entertainment in Singapore
... systems help avoid accidents and assist with parking and cruise control by using monitors, cameras, and sensors embedded in the vehicle. As these features are integrated into many vehicles' media and navigation systems, drivers are ... Read More
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Headphones in Indonesia
... of True Wireless Stereo (TWS) earbuds, headphones is enjoying solid volume growth in 2023. This can be attributed solely to the progression of TWS earbuds and the enhanced features they offer. Other than TWS earbuds, ... Read More
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Home Audio and Cinema in the Philippines
... 2023 there remains a high degree of economic uncertainty in the Philippines due to high inflation and the lingering effects of the pandemic. This is having a negative impact on demand for home audio and ... Read More
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Consumer Electronics in Malaysia
... increasingly keen to travel, socialise and spend more time outside the home, which translated into lower spending on electronics. Local tourism was also boosted by the introduction of new tax incentives, designed to encourage Malaysians ... Read More
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Headphones in Turkey
... in February 2023 had a noticeable impact on consumption of non-essential items too. Nonetheless, headphones are a popular item in consumer electronics and demand is rising, especially among the young population in the country. In ... Read More
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Home Audio and Cinema in Vietnam
... entertainment at home. Products related to karaoke were in particularly high demand, with this being one of the most popular family activities in Vietnam. However, since the latter part of 2021 life has gradually been ... Read More
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Home Audio and Cinema in Malaysia
... and speaker systems, demand for which is being undermined by the growing popularity of smartphones and streaming audio and video services. Just as importantly, wireless speakers (under portable players) are rapidly growing in popularity. These ... Read More
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Headphones in Malaysia
... this trend, in addition to the ongoing prevalence of home working. TWS earbuds account for the bulk of sales of headphones in Malaysia, with premium offerings driving growth, thanks to the strong presence of brands ... Read More
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Home Audio and Cinema in Turkey
... considered outdated. This sector is also challenged by the presence of high technology TVs with built-in sound systems. Downward movement in volume terms has been underway for the past decade, with some revival seen in ... Read More
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Headphones in Vietnam
... before the pandemic. As such, they have been indulging in various entertainment activities such as gaming, listening to music, and consuming content through various media platforms. Additionally, there has been an increase in people working ... Read More
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Headphones in the Philippines
... exercising, or seeking privacy at home or at work. Alongside this, there are also specialist areas that are fuelling strong growth in demand. For example, the surge in popularity of video gaming in the Philippines ... Read More
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In-Car Entertainment in Malaysia
... the latter, tax incentives were a key contributor to this trend, as consumers took advantage of the extension of sales tax exemption for new car purchases (100% on locally assembled vehicles and 50% on imported ... Read More
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In-Car Entertainment in the Philippines
... Furthermore, greater smartphone penetration and improving network and data coverage means that more people are using GPS applications such as Waze and Google Maps to guide them in their navigation. In-car navigation products are also ... Read More
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In-Car Entertainment in Japan
... The decrease slowed in 2022, and this is set to continue in 2023, but it is not expected to be able see any rebound, even after big shocks for several consecutive years. The underlying trend ... Read More
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Home Audio and Cinema in Japan
... clear that the decrease is due to a structural shift in how consumers engage with music. This has been an inevitable trend, most strongly driven by the expansion and evolution of mobile phones. Not only ... Read More
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