Home Audio Equipment Market Value Chain Analysis 2024 With Key Vendors Anthem, Bose Corporation, Devialet, JVC, LG Electronics, Panasonic, Samsung Electronics, Sonos, Inc. and Sony

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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Vendors In The Home Audio Equipment Industry

1. AKAI india
2. AKG Audio
3. Altec Lansing
4. Anthem
5. Bose Corporation
6. Boston Acoustics
7. Bowers & Wilkins
8. Cambridge Audio
9. Creative Labs
10. Devialet
11. JVC
12. LG Electronics
13. MartinLogan
14. Panasonic
15. Polk Audio
16. Samsung Electronics
17. Sanyo
18. Sonos, Inc.
19. Sony
20. VIZIO
21. VOXX International Corporation

Growing popularity of technologically advanced products such as voice-enabled speakers are expected to challenge the traditional speakers and soundbar growth over the forecast period. Companies in the traditional audio device segment are swiftly upgrading to voice-enabled devices to remain in the competition. For instance, in October 2017, Sonos launched Sonos One with a built-in Alexa assistant. The company has also announced the launch of its Google voice assistant-enabled speaker in 2018.

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Wireless technology enabled gadgets are expected to gain substantial share in the home audio equipment market over the forecast period, owing to increasing operability and compatibility of these devices with other devices such as other speakers, smartphones, and tablets. High degree of standardization offered in wireless protocols is expected to benefit the wireless home audio equipment market growth. In 2011, Wireless Speaker and Audio Association was formed to address wireless applications in home-based theater environment. The standardization is supported by major vendors such as Bang & Olufsen, Polk, & Klipsch, component suppliers such as Pioneer & Sharp, and chip makers such as NXP Semiconductors & Silicon Image.

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.

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Some of the vendors in the home audio equipment industry include Acoustic Research, AKG, Bose Corporation, Audio partnership PLC., Bowers & Wilkins, LG Electronics, Mark Levinson, Pioneer Corporation, Polk Audio, Philips, Klipsch Group, and Yamaha. With the development of voice-enabled devices by Amazon and Google, traditional companies in the home audio equipment market are also developing similar products. With this launch, the company has established its presence in the connected devices segment. The company announced its ‘works with Sonos’ badge in partnership with Samsung, Logitech, HDL, and SmartThings.

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