The global 3D audio market is to grow at a CAGR (compound annual growth rate) of 16.4% by 2025.
That's according to a new report by Transparency Market Research, titled 3D Audio Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 that was published in March and which covers all the major trends and services playing a key role in 3D audio market growth.
One of the key driving factors of this growth is the integration of 3D audio in gaming.
The report highlights the key players in the 3D audio market as OSSIC, 3D Sound Labs, Auro Technologies Inc., Comhear Inc., Dolby Labs, DTS, Inc.(Xperi Corporation), Dysonics, Hooke Audio, ISONO Sound, Sennheiser, VisiSonics Corporation (Realspace 3D), and Waves Audio Ltd.
For end users, the report classifies the market into personal/In-house and commercial, with personal/In-house segment further divided into mobile devices, home theatre, and gaming, while the commercial segment is further classified into automobile, cinema, music, gaming, museum, VR concerts, and others.