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Home Audio Equipment Market - Global Growth, Trends, Demand & Forecast To 2028

09-26-2019 11:52 AM CET | Media & Telecommunications

Press release from: QUINCE MARKET INSIGHTS

Home Audio Equipment

Home Audio Equipment

The global home audio equipment market has been growing with the increasing consumer demand for high-quality home theatre experience credited to the increased disposable income. Moreover, the growing trend of IoT and connected devices are driving consumers to purchase connected household entertainment systems. In addition, connecting mobile apps with home audio devices is boosting the global home audio equipment market. Furthermore, devices are now being launched equipped with Bluetooth and Wi-Fi, expanding the adaptability of home audio devices to be operated using smartphones. These factors are fueling the growth of the global home audio equipment market.

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Home audio systems are audio electronics used for home entertainment purposes, such as surround sound receivers and shelf stereos. The home audio system mostly excludes standard equipment, such as fitted TV speakers. Home audio equipment is fully-featured, prepared to support other music systems, televisions, and projectors. Progression in technology has not only made this equipment fully-featured but also compact and lightweight. The home audio equipment market is highly competitive and fragmented. Product portfolio expansion through product development is the main focus of vendors in the market.

Key Factors Impacting Market Growth:

-Growth of smart homes
-Increasing adoption of cloud services
-Growing demand for wireless audio products
-Risk of damage or loss of hearing capabilities
-Strict regulations regarding the use of home audio devices
-The high cost of home theatre systems

Market Segmentation:

By Product:

Speaker
Soundbar
Home Radio
Home Theater in a Box (HTIB)
Home Audio Systems
Receiver
Others

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By Technology:

Wired
Wireless

By Price Range:

Low
Moderate
High

By Sales Channel:

Retail Channel
Online/E-Commerce Channel

By Region:

North America
By Country (US, Canada, Mexico)
By Product
By Technology
By Price Range
By Sales Channel
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Product
By Technology
By Price Range
By Sales Channel
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Product
By Technology
By Price Range
By Sales Channel

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Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Product
By Technology
By Price Range
By Sales Channel
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Product
By Technology
By Price Range
By Sales Channel
Rest of the World
By Region (South America, Africa)
By Product
By Technology
By Price Range
By Sales Channel

Companies Covered: Bose Corporation, Dolby Laboratories Inc., LG Electronics Inc., Sony Corporation, Sharp Corporation, Panasonic Corporation, JVC Kenwood Corporation, Philips Electronics Ltd., Harman International Industries, Inc. (AKG), Akai Electric Co., Qualcomm Technologies, and Pioneer Corporation

Quince Market Insights
Pune - 411028
Email: sales@quincemarketinsights.com
Website: https://quincemarketinsights.com/
Phone: + 91-2026992033

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments about market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

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