Press release
Hi-Fi Speaker System Market Size, Status, Top Players, Trends and Forecast to 2025
This report studies the Hi-Fi speaker system. There ate two type include Wired and Wireless (Bluetooth, Wi-Fi, AirPlay, Others). Regionally, Asia Pacific accounted for the largest market share from countries such China, India and Japan among others. The reason is attributed to growing demand for high adoption of wireless connectivity solutions and developed automotive industry in the region. The factors contributing to the growth of the Hi-Fi speaker system market are growing adoption of wireless connectivity technology.
Furthermore, factors such as increasing use of smart gadgets, and booming consumer electronics industry are expected to boost the growth of the Hi-Fi speaker system market over the forecast period, 2017-2023. However, some issues regarding operating frequency may hamper the growth of the overall market. The global Hi-Fi speaker system market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape.
The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The Hi-Fi speaker system market is highly competitive due to the presence of several large vendors. In 2017, the global Hi-Fi Speaker System market size was 5350 million US$ and is forecast to 8560 million US in 2025, growing at a CAGR of 6.1% from 2018. The objectives of this study are to define, segment, and project the size of the Hi-Fi Speaker System market based on company, product type, application and key regions.
The various contributors involved in the value chain of Hi-Fi Speaker System include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Hi-Fi Speaker System include
Onkyo Corporation
Bowers & Wilkins Group Ltd.
Yamaha Corporation
Bose Corporation
Panasonic Corporation
Harman International Inc.
LG Electronics
DEI Holdings, Inc.
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Market Size Split by Type
Wired
Wireless
Market Size Split by Application
Residential
Commercial
Automotive
The study objectives of this report are:
To study and analyze the global Hi-Fi Speaker System market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Hi-Fi Speaker System market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Hi-Fi Speaker System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hi-Fi Speaker System with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Hi-Fi Speaker System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Hi-Fi Speaker System are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hi-Fi Speaker System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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