Press release
Hi-Fi Speaker System Market to Witness Robust Expansion by 2024– Top Key players like LG Electronics,Sony Corporation,Bose Corporation,Inc.
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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.
The global Hi-Fi Speaker System market was 5350 million US$ in 2017 and is expected to 8560 million US$ by the end of 2025, growing at a CAGR of 6.1% between 2018 and 2025.
Market Segment by Manufacturers, this report covers
Onkyo Corporation
Bowers & Wilkins Group Ltd.
Yamaha Corporation
Bose Corporation
Panasonic Corporation
Harman International Inc.
LG Electronics
DEI Holdings, Inc.
Koninklijke Philips N.V.
Samsung Electronics
Sony Corporation
Tannoy Ltd.
Market Segment by Type, covers
Wired
Wireless
Market Segment by Applications, can be divided into
Residential
Commercial
Automotive
Others
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Related Information:
North America Hi-Fi Speaker System Market Growth 2019-2024
United States Hi-Fi Speaker System Market Growth 2019-2024
Asia-Pacific Hi-Fi Speaker System Market Growth 2019-2024
Europe Hi-Fi Speaker System Market Growth 2019-2024
EMEA Hi-Fi Speaker System Market Growth 2019-2024
Global Hi-Fi Speaker System Market Growth 2019-2024
China Hi-Fi Speaker System Market Growth 2019-2024
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