3D Audio Market size is estimated to surpass USD 15 billion by the end of 2032, according to the report. Rapid advancements across the gaming industry will influence the market growth. In recent years, a large number of game developers are largely deploying 3D audio technology for creating more immersive as well as realistic gaming experiences. For instance, spatial sound technology is increasingly incorporated for enhancing gameplay by offering realistic sound for space, environmental impacts and spatial awareness. However, the rising risks, such as hearing loss or other health-related issues arising due to the adoption of 3D audio technology and the subsequently declining investments in 3D audio and experience may limit the market growth to some extent.

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3D Audio Software to amass significant gains

With respect to component, the 3D audio market share from the software segment is anticipated to witness over 10% CAGR from 2023-2032 on account of the scaling popularity of cloud-based solutions. In addition to offering remote processing of 3D audio algorithms solutions, cloud-based solutions are usable for several devices and platforms. 3D audio technology combined with cloud-based software solutions offer flexibility, scalability, and cost-effectiveness to help businesses and developers with limited hardware investments, further adding to the market growth.

Residential end-use segment to observe substantial growth

Based on end-use, the 3D audio industry size from the residential segment is estimated to exceed USD 1.5 billion by 2032. The growth can be ascribed to the increasing usage of personal devices, including headphones and mobile speakers. The rising inclination of consumers for best experiences while music listening, watching movies and playing games on personal devices has spurred the high adoption of 3D audio technology to improve audio content with sense of depth, immersion, and space. The growing incorporation of 3D audio capabilities in personal devices is further driving the usage of compatible headphones as well as speakers in residential settings.

APAC to emerge as a lucrative market destination

Asia Pacific 3D audio industry size reached more than USD 1 billion in 2022 driven by significant growth and infrastructure development. In recent years, there has been a substantial rise in the construction of theatres, shopping centres, cinemas, parks and entertainment venues in the region. The surge in the number of such developments to deliver enhanced solutions, including 3D audio, to offer visitors with improved and valuable experiences will also favour the regional market expansion.

3D Audio Market Leaders

Some of the leading 3D audio market players include CEVA, Inc, Auro Technologies, Dirac Research AB, Dolby Laboratories, Inc., Fraunhofer Institute for Integrated Circuits, DTS, Inc., VisiSonics, Harman International Industries, Inc., Sennheiser Electronic GmbH & Co. KG, Hooke Audio, OSSIC Corporation, Out Board, Sony Corporation, Sound Particles, and Waves Audio Ltd.

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Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Market scope & definition

1.2 Base estimates & calculations

1.3 Forecast calculation.

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources.

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 3D Audio market 360º synopsis, 2018 - 2032

2.2 Business trends

2.2.1 Total Addressable Market (TAM)

2.3 Regional trends

2.4 Component trends

2.5 End Use trends

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