Albany, NY -- (SBWIRE) -- 09/21/2018 -- Increasing preference for enhanced natural sound experiences and real-life visualizations, along with rising range of applications of upgraded audio technology in commercial and non-commercial settings is expected to continue its impact as a primary driving factor behind the growth of the 3D audio market. Revenues that arise from the 3D audio market are expected to grow at an impressive CAGR of 16.6% through 2026. Such insights have been taken from the report titled "3D Audio Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" that was recently included in the massive repository of Market Research Reports Search Engine (MRRSE).

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Industries such as gaming, virtual reality, music, personal mobile devices, and home theater systems, and cinemas are anticipated to continue as the primary end-users throughout the forecast period. This can be attributed to a steady increase in disposable income and consequently the demand for affordable personal entertainment. On the other hand, the lack of a universal format is expected to constrain the market from large-scale proliferation.

A number of players have entered the 3D audio market owing to the attractive potential of growth. However, the strong dominance of previously existing market leaders such as Sennheiser electronic GmbH & Co. and Dolby Labs is expected to act as a constraining factor for new players in the market.

3D Audio Market: Summary of Report

This exhaustive report provides complete analysis & forecast for the regional and global level on the 3D audio market, in terms of value (US$ Mn), for the period of forecast 2018 to 2026. An unbiased assessment of essential market dynamics, drivers, constraints, opportunities and trends that are vital influencing factors on the demand for 3D audio market have been extensively studied in the report.

A thorough value chain analysis on the 3D audio market has been provided, and the use of Porter's Five Forces model helps in the readers' understanding of the competitive scenario among key market players. A market attractiveness analysis has also been added to benchmark players on the terms of their market size, general attractiveness, and growth rate.

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3D Audio Market: Research Methodologies

Extensive primary and secondary research has been used, for obtaining reliable and relevant intelligence on the 3D audio market. This includes, face-to-face discussions and telephonic interviews with a number of the top industry experts and opinion leaders to gain vital insight into factors such as market trends, market size, competitive scenario, and growth rates. Primary research represents the bulk of the research efforts, which has been further supported and validated with an extensive secondary research.

Leading and emerging market players in the 3D audio market have been assessed, and press releases, annual reports, SEC filings, investor presentations, and other relevant documents and databases have been studied painstakingly for analysis on the market's landscape. The research approach and methodologies employed here has been proven to be extremely accurate and effective to gain useful insights on the market data, understanding market player strategies and identifying previously unexplored business opportunities.

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