Audio System Innovation-1, Project #14578
Audio System Innovation-1, Project #14578
Uriel Corporation® (DBA: "Epic Ventures™") Projects
Market Overview
The global consumer audio market size was valued at USD 99.58 billion in 2022. It is estimated to reach USD 303.21 billion by 2031, growing at a CAGR of 13.17% during the forecast period (2023–2031). The introduction of voice first and technology and its surging consumer adoption are driving the global market. The flourishing demand for consumer audio products such as headsets and microphones from the gaming industry is further fueling the market growth.
Audio and sound equipment encompasses a wide range of electronic devices employed to transmit, reproduce, or capture audio. Consumer audio encompasses technologies and sound products intended for individual and domestic use by consumers. This category comprises many devices and systems for recreational activities such as music listening, movie viewing, video game playing, and more.
Microphones, amplifiers, soundbars, headsets, speaker systems, headphones, etc., are a few consumer audio systems. With developments in sound processing, portability, and wireless connectivity, consumer audio technology has substantially developed over time. Thus, individuals are presented with an extensive selection of premium aural products that augment their entertainment encounters.
Consumer Audio Market Size.xlsx
Global Consumer Audio Market Opportunities:
Strategic Initiatives by Key Players
The key market players are involved in several strategic initiatives like joint ventures, acquisitions, expansion, product launches, etc. For instance, in June 2022, a leading private investment firm, Highlander Partners, L.P., announced today the acquisition of McIntosh Group via a newly formed holding company. McIntosh Group, which currently manufactures and distributes under several renowned brand names the world's finest amplifiers, speakers, turntables, and other audio products, has been an industry pioneer and leader in high-end consumer audio for decades.
Similarly, in May 2023, Samsung Electronics America unveiled the latest inclusion in their soundbar portfolio for 2023, namely the HW-Q900C. The soundbar is part of a range of devices that offer distinctive features designed to enhance the audio experience and offer users a wider range of choices. The HW-Q900C belongs to Samsung's prestigious Q-series lineup, which encompasses high-end soundbars meticulously designed to deliver exceptional audio performance characterized by robustness and an immersive auditory experience. Such factors create opportunities for market growth.
SOURCE: https://straitsresearch.com/report/consumer-audio-market
Requirements For National, Regional, or Global Commercialization:
1) Global Intellectual Property Cooperative Development Agreements. (To Be Discussed.)
2) Patent Litigation & Defense Fund/Insurance Cooperative Agreements. (To Be Discussed.)
3) Engineering, Development & Prototyping Cooperative Agreements. Estimated time required = 6 months to a year. (To Be Discussed.)
4) Key Executive & Project Commercialization Team Agreements, Employee Agreements, Recruiting Firm Agreements, Third-Party Operations Management Agreements, Installation & Service Technician Agreements, Warranty Services Agreements, and other Third-Party Consulting Agreements. (To Be Discussed.)
5) Production Manufacturing & Tooling Agreements. (To Be Discussed.)
6) Internal and External Marketing & Sales Agreements. (To Be Discussed.)
7) Website Development & Management Agreements; Social Media Development & Management Agreements; Online Advertising & Public Relations Agreements; E-commerce & E-Store Development & Management Agreements. (To Be Discussed.)
8) Distribution, E-Store, Manufacturing Rep, and Channel Partners Alliance Partner Agreements. (To Be Discussed.)
9) Equity Crowd Funding Platform Agreements; Fund-Raising Agreements; Loan, Credit Line, or other Financing Agreements; Business Broker Agreements, Merger & Acquisition Advisory Agreements, and or other related Agreements. (To Be Discussed.)
*NOTICE: Further Agreements or Other Agreements may be required for National, Regional, or Global Commercialization that may pertain to the project above. The Agreements shown above are only general requirements. Please further note that Uriel Corporation® (DBA: Epic Ventures™) reserves the right to cancel, abandon or withdraw, edit, amend, or replace this project for another project at its sole discretion. Uriel Corporation® (DBA: Epic Ventures™) reserves the right to remove this project from its activities, from its commercialization interests and from its pursuits. Please note that a listing on this site does not guarantee that this project will be commercially available, nor does a listing on this website guarantee that Uriel Corporation® (DBA: Epic Ventures™) will pursue any actual or potential collaborations with third parties. A project listing on this site does not guarantee that third parties will be able to participate in the commercial pursuit of this project or related ventures. Collaborations that might result from this listing are not guaranteed to succeed. Collaborators that wish to work with Uriel Corporation® (DBA: Epic Ventures™) on this project do so entirely at their own risk. Collaborators are urged to perform their own proper due diligence and they are urged to seek their own counsel to determine whether they should participate in this commercialization venture. All information, documents, designs, plans or other materials that may be obtained or communicated from Uriel Corporation® (DBA: Epic Ventures™) that may pertain to this project are the property of Uriel Corporation® (DBA: Epic Ventures™) and may be used by the recipient only for the purposes specifically intended by Uriel Corporation® (DBA: Epic Ventures™). The information that may be transmitted, including any emails, attachments, phone communications, faxes, snail mail, virtual meetings, physical meetings, or communications otherwise, is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, re-transmission, dissemination, or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited, and all liability arising therefrom is disclaimed. All collaborators shall agree to enter into NDAs/Non-Compete Agreements that will be required before any collaborations related to this project are further formalized in writing.