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Hi-Fi System Market Trends, Size, Share, Development, Growth and Demand Forecast to 2022

10-25-2016 11:11 AM CET | IT, New Media & Software

Press release from: P&S Market Research

Hi-Fi System Market Trends, Size, Share, Development, Growth

The global High-Fidelity (Hi-Fi) system market has experienced a considerable growth due to increasing demand of high quality music among audiophiles. Wireless devices have made its way across various audio products, such as speakers & sound bars, headphones, network media players, and others. The growing demand for wireless audio devices is expected to drive the growth of the global Hi Fi system market.

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High-fidelity equipment offers minimal noise and distortion and an accurate frequency response. The demand for wireless audio devices arises not only from the home applications, but also from the commercial and other niche applications such as security, military and automotive. Now-a-days, the Hi-Fi market is gaining maximum traction due to its increasing application in automotive sector. The emerging trends witnessed in the Hi-Fi market are increasing demand of wireless Hi-Fi speaker systems in cars, growing demand for home-theatre-in-a-box (HTIB), increasing number of consumers adopting technologies such as smart homes, overall growth in the car segment, and demand for luxury automotive in the developing economies.

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Geographically, Asia-Pacific is expected to be the largest market of Hi-Fi systems during the forecast period, owing to factors such as growing population, rapid increase in purchasing power parity (PPP) and technological developments. North America, being a mature market holds second largest share in the global Hi-Fi system market. North America witnessed sustainable growth in the Hi-Fi market during the past years because of the presence of a large number of manufacturers in the region. However, Europe having accommodated developed economies such as Germany and France, is expected to experience considerable growth with increasing demand for luxury automotive that comes with wireless Hi-Fi sound system. Among Hi-Fi products category, speakers & sound bars collectively accounted for the largest market share. During the forecast period, the market for automotive application is expected to grow at the highest rate.

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Some of the major players operating in the global Hi-Fi system market include Bowers & Wilkins Group Ltd, Onkyo Corporation, Bose Corporation, Panasonic Corporation, Yamaha Corporation, DEI Holdings Inc., LG Electronics Co., Ltd., Sony Corporation, Harman International, Inc., Koninklijke Philips N.V., and Samsung Electronics Co. Ltd.

Global Hi-Fi System Market Segmentation
By System
• Product
o Speaker and Sound Bar
o CD Player
o DVD Player
o Blu-ray player
o Network Media Player
o Headphone & Earphone
o Microphone
o Turntable

• Auxiliary Product
o DAC
o Amplifier
o Receiver
o Preamplifier

By Technology
• Wired
o Ethernet
o Audio cables

• Wireless
o Bluetooth
o Wi-Fi
o AirPlay
o Others

By Application
• Residential
o Home Entertainment

• Commercial
o Restaurant
o Multiplex
o Shopping Mall
o Others

• Automotive
o Cars
o Others (Marine and Bus)
• Others

By Region
• North America
o U.S.
o Canada
o Mexico

• Europe
o U.K.
o Germany
o France
o Spain
o Rest of Europe

• Asia-Pacific (APAC)
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific

• Rest of the World (RoW)
o South Africa
o Rest of RoW

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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