Market analysis

The Global Home Audio Equipment Market Size was valued at USD 29.1 billion in 2022 and the worldwide home audio equipment market size is expected to reach USD 84.1 billion by 2031, growing rate CARG is 11.1%

Referenses:

https://www.mordorintelligence.com/industry-reports/global-audio-devices-and-components-market

https://www.marketresearchfuture.com/reports/consumer-audio-market-10465

https://www.transparencymarketresearch.com/home-audio-equipments-market.html

https://www.globenewswire.com/en/news-release/2023/01/11/2587410/0/en/Global-Home-Audio-Equipment-Market-Size-To-Surpass-82-07-By-2030-CAGR-10-75.html

https://www.marketwatch.com/press-release/current-home-audio-equipment-market-trends-2023-future-business-expansion-and-improvements-forecast-2030-2023-05-08

https://www.statista.com/topics/2954/audio-and-sound-equipment/#topicOverview

https://www.statista.com/forecasts/1286657/worldwide-consumer-electronics-market-revenue

https://www.futuremarketinsights.com/reports/home-audio-equipment-market

https://www.globenewswire.com/news-release/2023/01/11/2587410/0/en/Global-Home-Audio-Equipment-Market-Size-To-Surpass-82-07-By-2030-CAGR-10-75.html#:~:text=The%20Global%20Home%20Audio%20Equipment,published%20by%20Spherical%20Insights%20%26%20Consulting.

https://www.mordorintelligence.com/industry-reports/global-audio-devices-and-components-market

Via measuring portable audio selling statistics, we have approximately 1B music-lovers and audio equipment users worldwide in 2022. And approximately 14% of this user is audiophiles – «CTA also looked at the demography of audio and found that about 14% of listeners considered themselves audiophiles»:

https://www.psaudio.com/blogs/copper/the-changing-audio-consumer-and-the-future-of-audio

So, now we have target audience in 140M users. According Stereophile High-End market rapidly grow up now:

«Munich High End attracted 22,137 visitors from approximately 100 different countries. With 550 exhibitors and more than 1000 brands from 54 nations, they had plenty to hear and see.

This year, the percentage of industry attendees increased from approximately 38% of all guests to almost half. In total, 10,748 trade visitors, including 529 photo-snapping media representatives from 43 countries, eventually joined 10,860 members of the public at the world's largest audio show.»

https://www.stereophile.com/content/munich-high-end-40-breaks-multiple-records

Summary

2023 data:

Music lovers’ market:

TAM – 2.1B

SAM – 5.3B

SOM – 0.5B

Audiophiles market:

TAM – 13.6B

SAM – 1.3B

SOM – 0.13B