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Like many Stereophile readers, I have often sped home from a concert to fire up the audio system and then, to the sore vexation of my wife and guests, spent the rest of the evening plunged in the morbid contemplation of what, exactly, was missing.

Someday we may speak wistfully to our grandchildren about the "golden age" of digital audio when consumer formats (CD and DAT) contained a bitstream that was an exact bit-for-bit duplicate of the original studio master recording—not a digitally compressed, filtered, copy-resistant version whose sound is "close enough" to the original. Digitally compressed formats such as DCC and MiniDisc represent, in effect, a return to the pre-CD era when consumer-release formats were always understood to be imperfect copies of the studio original. Even the most ardent audiophile accepted the fact that LPs and mass-produced tapes did not, and could not, sound as good as the master tapes they were derived from.

In August 2015, I visited loudspeaker manufacturer Bowers & Wilkins in England. It was an exciting prospect to see the factory, and meet the people who designed and built the speakers I've been using for years. Of course, as the time of my visit approached, it was impossible not to speculate that something important was afoot—there was growing Internet buzz that it was time for B&W to update its 800-series speakers. Nonetheless, B&W remained tight-lipped.

Seen from the air, Denmark is a vista of farms and wind turbines. But once your plane touches down, it is a land of loudspeakers. Perhaps this is because audio has a long history in Denmark—it was a Dane, Valdemar Poulsen, who developed a magnetic wire recorder in 1898—but there are more loudspeaker manufacturers per person than any other country. According to Wikipedia, Denmark is home to 5.75 million people, compared with New York's five boroughs, which have a population of 8.67 million However, as well as drive-unit manufacturers Audio Technology, Peerless, Vifa (which merged with Peerless to form Danish Sound Technology), and ScanSpeak, there are Bang & Olufsen, DALI, Dynaudio, Gamut, Gryphon, Jamo, Lyngdorf Audio, Peak-Consult, and Raidho all making loudspeakers. Lots of loudpeakers.

As Chester Rice, co-inventor of the moving-coil loudspeaker, once ruefully observed: "The ancients have stolen our inventions." So often, what is painted as new and innovative turns out to be something someone thought of long before. We have a habit of forgetting, and that applies not only to inventions, but to knowledge of other kinds as well.

By 2035, the way we produce and consume media will be entirely different from how we experience it now. Today there is still a "fourth wall" between us and the media we consume: within three decades, that line between reality and its recreation will all but disappear. Our media experiences will become fully immersive—from spherical audio and video that tracks with our body's movements, to gestural computing, to physical-feedback devices, and more. Using tomorrow's technology, our children and grandchildren may find it difficult to distinguish the real thing from reproduced.

Headphones get pretty short shrift in much of the hi-fi press, which is puzzling—the headphone market is burgeoning. I don't know what the equivalent US figures are, but in recent years the UK headphone market has increased by an annual 15–20% in both units sold and overall revenue. It's easy to dismiss this as a natural byproduct of the Apple iPod phenomenon, but 20% of the market value is now accounted for by headphones costing over $120; a significant subset of consumers would seem to be looking for quality. When you also consider that many people's first exposure to higher-quality audio comes via headphones, there is ample reason for treating them more seriously.