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Global Home Audio Equipment Market Investigation and Growth Forecasted Until the End of 2019
MRRSE
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Home Audio Equipment (Product Types - Home Theatre in-a-box, Home audio systems, Home radios, Other home audio accessories) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” the market was valued at USD 15.94 billion in 2012 and is expected to reach USD 20.68 billion by 2019, growing at a CAGR of 3.7% from 2013 to 2019. Europe was the largest contributor to global home audio equipment market in 2012. Asia Pacific region is expected to be the fastest growing market for home audio equipment during the forecast period with a CAGR of 5.7% from 2013 to 2019. The rapid growth of electronic industry in Asia Pacific region, particularly in countries like China, Japan, Korea, and India is driving the growth of Asia Pacific in home audio equipment market.
Advancement in audio technologies and development of advanced home entertainment products has increased the usage of home audio systems. Increase in disposable income has led to change in media consumption habits. People prefer to buy technologically advanced entertainment products such as computers, televisions, video game and smartphones among others.
There is increasing adoption of medium sized and large sized plasma, LCD and LED TVs. With increasing adoption of televisions and computers, space-efficient audio equipment that provides distinctive and powerful surround sound audio is increasingly used by consumers. In 2012, other home audio accessories segment which includes speakers, subwoofers, amplifiers, microphones, and others held the largest share of 31.5% of the total home audio equipment market. This dominance is due to the increasing usage of mobile devices. The demand for premium audio equipment accessories is also expected to increase during the forecast period.
Europe led the global home audio equipment market in 2012 followed by North America. This is mainly due to the increasing adoption of technologically advanced entertainment products in the regions as consumers in Europe are early adopters of new technologies such as Blu-ray players, smartphones and TVs.
The report aims to provide a comprehensive overview of market data and trends in North America, Europe, Asia-Pacific and Rest of the World (RoW) for emerging audio products in terms of USD billion. The report identifies factors driving and restraining growth, and future business opportunities in the home audio equipment manufacturing business. This section includes market revenue (2012 – 2019) and forecast (2013 – 2019) for home audio equipment products in each regional market, in terms of USD billion. The study further offers recommendations and highlights of the market, which would be useful for the present and new market players to sustain and grow in the global home audio equipment market. The competitive landscape section in the report provides market share analysis of the major players in the global market in 2012.
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Different product segments covered under the research study are defined as follows:
Home theatre in-a-box (HTiB) – Home theatre in-a-box is a combination of DVD or Blu-ray player, a multi-channel amplifier, and a set of five or more surround sound speakers. This segment includes multiple channel HTiBs including 5.1 channel, 6.1 channel, 7.1 channel, and 9.1 channel.
Home audio systems – This segment includes different types of audio systems used at home. These include compact audio systems, MP3 players, rack systems, cassette deck, CD/DVD players, mini disc players and others.
Home radios – This segment includes the radio devices used at home
Other home audio accessories – This segment includes different types of accessories used in home audio systems such as speakers, subwoofers, amplifiers, set top boxes, microphones, headphones, and others.
Besides analyzing the global home audio equipment market segment-wise, the report includes profiles of the major players along with their market positions, business strategies and various recent developments. Companies profiled in the report include Akai, Dolby Laboratories Inc., DTS Inc., JVC KENWOOD Holdings Inc., Koninklijke Philips Electronics NV, LG Electronics, Panasonic Corporation, Sanyo Electric Co. Ltd., Nakamichi Corporation, Onkyo Corporation, Pioneer Corporation, Sharp Corp., and Sony Corporation among others.
The global home audio equipment market is segmented as follows:
Home Audio Equipment Market, by product type
Home Theatre in-a-box
5.1 channel
6.1 channel
7.1 channel
9.1 channel
Home audio systems
Home radios
Other home audio accessories
Home Audio Equipment Market, by geography
North America
Europe
Asia Pacific
Rest of the World
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