Home Audio Equipment Market Growth Potential Analysis Report Profiling Companies Like AKG, Bang & Olufsen, Samsung Electronics, Acoustic Research, Blaupunkt, Boston Acoustics, Denon, Fluance, Edifier

Market Study Report adds 2017-2024 global Home Audio Equipment market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

Home Audio Equipment Market is set to exceed USD 20 billion by 2024, with shipments forecast to surpass 150 million units by 2024; according to a new research report.

Home audio equipment market is expected to grow owing to the growing penetration of internet of things (IoT) technology across the globe. With the introduction of IoT, consumers are increasingly demanding the devices compatible with multiple other devices to increase convenience and enhance experience. For instance, smart speaker range by Amazon perform several other functions that control smart homes, including control heaters, fans, lights, and thermostats. With the proliferation of this technology, the demand for audio devices that perform such functions is expected to propel the home audio equipment market growth.

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With the advancements in the technology, customers can buy speakers without complicated racks & components that deliver desired quality of sound. Growing focus on wireless capabilities in these devices is gaining consumer attention and the manufacturers in the industry are developing products that appeal to the customers, thus aiding the home audio equipment market. For instance, Bose Corporation recently launched its wireless speaker, SoundTouch 10, that can be operated through smartphones and costs USD 200. According to BestBuy, the number of wireless networked soundbars sold has increased two-fold in the last few years.

The demand for wireless receivers are expected to witness considerable increase, owing to increasing availability of high resolution products such as 4K ultra high definition TV, thus propelling the home audio equipment market growth. Furthermore, the growth is propelled by the growing demand for the connected music systems, that use the A/V receivers.

The manufacturers of home theater systems are investing in developing latest advanced technology products. Development of technologies such as SED displays, XBOX 360, holographic front projection, carbon nanotube displays, and enhanced interactive television are gaining consumer focus as they offer enhanced entertainment experience, thus fueling the home audio equipment market growth.

Some of the major players in the home audio equipment market comprise AKG, Bang & Olufsen, Samsung Electronics, Acoustic Research, Blaupunkt, Boston Acoustics, Denon, Fluance, Edifier, Klipsch Group, Koninklijke Philips N.V., Pioneer Corporation, and Mark Levinson. The vendors are continuously investing in innovation and R&D in terms of technology to gain competitive advantage. For instance, in September 2016, Anthem introduced the STR integrated amplifier with an aim to strengthen its presence in the two-channel audio space.

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Home audio equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2013 to 2024, for the following segments:

Home Audio Equipment Market, By Price Range
Low (less than USD 500)
Moderate (USD 500 - USD 1000)
High (over USD 1000)

Home Audio Equipment Market, By Product
Speaker
Soundbar
Home theater-in-a-box
Receiver
HTIB

Home Audio Equipment Market, By Technology
Wired
Speaker
Soundbar
Home theater-in-a-box
Receiver

Wireless
Speaker
Soundbar
Home radio
Receiver

Table of Content:

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Home audio equipment industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Product trends
2.1.4. Regional trends
Chapter 3. Home Audio Equipment Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Technology providers
3.3.3. System integrators
3.3.4. Distribution channel analysis
3.3.4.1. Retailers
3.3.4.2. Wholesalers
3.3.4.3. Online channels
3.3.5. Vendor matrix
3.4. Technology roadmap
3.4.1. Voice-enabled technology
3.4.2. DLNA
3.4.3. Airplay
3.4.4. Multi-room technology
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Price trend analysis, 2013 - 2024
3.6.1. Wired
3.6.1.1. Speaker
3.6.1.2. Soundbar
3.6.1.3. HTIB
3.6.1.4. Receiver
3.6.2. Wireless
3.6.2.1. Speaker
3.6.2.2. Soundbar
3.6.2.3. Home radio
3.6.2.4. Receiver
3.7. Industry impact forces

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