How large (or small) is the audiophile market?

high quality audiophile components is a niche market. How many $100,000 speakers are sold? How many Wadex pieces are sold? Very few.

If you looked at the article, their premium products included:

List of Top Premium Audio Companies

Panasonic (Japan)
Soni (Japan)
Clarion (Japan)
KEF (U.K.)
Volkswagen (Germany)
Rockford (U.S.)
Acura (U.S.)
Bowers & Wilkins (U.K.)
Pioneer (Japan)
Bose (U.S.)
Dynaudio International (Denmark)

Source: https://www.businessresearchinsights.com/market-reports/premium-audio-market-110100
 

I could be wrong but I don’t think is would be going to Volkswagen, Bose, pioneer, or Acura for my audio system. If you looked at the article, they claimed high end was for music, movies and gaming. I’m not sure but I don’t think I would find a pair of $800k Wilson’s for a gaming system.

This is a hobby, a niche hobby, that very few people participate in. I think there are more $100k Porsches in our club than there are $100k amps in a 5 million population city.

KEF (U.K.)
Rockford (U.S.)
Bowers & Wilkins (U.K.)
Pioneer (Japan)
Dynaudio International (Denmark)
 

These are not high end audio companies IMO, they are good companies except for Pioneer, but I wouldn’t own anything from them except if it’s in a second system. Pioneer is referenced not TAD. That’s like saying Lexus when they were thinking of Toyota, completely different companies. 

The Kef blades sounded ok when I heard them a year ago, but I have speakers that I like better, and my budget was over $100k for speakers.