Home Audio Equipment Market Research Report 2025 Leading Key Players - AKG, Bang & Olufsen, Samsung Electronics, Acoustic Research, Blaupunkt, Boston Acoustics, Denon, Fluance, Edifier, Klipsch Group, Koninklijke Philips N.V., Pioneer Corporation, and Mar

Global Home Audio Equipment Market Forecast to 2024 released By Market Study Report provides Market information about industry Top Key Players, Countries, Type and Application. This Home Audio Equipment report also states Company Profile, sales, Home Audio Equipment Market revenue and price, market share, market growth and gross margin by regions, Strategic recommendations for the new entrants, Market forecasts for a minimum of five years of all the mentioned segments, sub segments and the regional markets.

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.

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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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.

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.

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.

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Mid-price home audio equipment market segment is expected to grow at significant rate over the future, owing to the rising adoption in Asia Pacific. The region is experiencing economic growth leading to rising disposable income that is leading to increased spending in leisure products including personal and home audio electronics. Moreover, the customers in the region are replacing the low-priced devices with the average pricing products and the traditional systems with the wireless High-Fi systems, thus propelling the home audio equipment market growth.

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.

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:

Further in the Home Audio Equipment Market research reports, following points are included along with in-depth study of each point:

Production Analysis – Production of the Home Audio Equipment is analyzed with respect to different regions, types and applications. Here, price analysis of various Home Audio Equipment Market key players is also covered.

Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Home Audio Equipment Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.

Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Home Audio Equipment Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.

Competitors – In this section, various Home Audio Equipment industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

Other analyses – Apart from the aforementioned information, trade and distribution analysis for the Home Audio Equipment Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

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Key Table Points Covered in Home Audio Equipment Market Report:

1. Global Home Audio Equipment Market Research Report 2019

2. Global Home Audio Equipment Market Competition by Manufacturers

3. Global Home Audio Equipment Capacity, Production, Revenue (Value) by Region (2019-2025)

4. Global Home Audio Equipment Supply (Production), Consumption, Export, Import by Region (2019-2025)

5. Global Home Audio Equipment Production, Revenue (Value), Price Trend by Type

6. Global Home Audio Equipment Market Analysis by Application

7. Global Home Audio Equipment Manufacturers Profiles/Analysis

8. Home Audio Equipment Manufacturing Cost Analysis

9. Industrial Chain, Sourcing Strategy and Downstream Buyers

10. Home Audio Equipment Marketing Strategy Analysis, Distributors/Traders

11. Home Audio Equipment Market Effect Factors Analysis

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