Press release
Home Theatre Market Analysis, Segments, Top Key Players, Drivers and Trends by Forecast to 2023
By region, MRFR analysis shows that North America region accounts for largest market in home theatre market because of emerging economies and consumer demand for superior audio and video systems from the region. North America is also one of the prominent region in the market because of high spending power of consumers. Europe region is constantly investing into research and development of home theatre market to directly address the needs of customers. North-America region accounts for highest share in home theatre market owing to consumer demand for smart home, increase adoption of cloud services and high purchasing power of people is contributing towards the growth of market in the region.
The home theatre market is expected to grow at approximately USD 31 Billion by 2023, at 19% of CAGR between 2017 and 2023.
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Major Key Players:
• Bose Corporation (U.S.)
• LG Electronics (South Korea)
• Panasonic Corporation (Japan)
• Samsung Electronics Co., Ltd. (South Korea)
• Sony Corporation (Japan)
• Akai Electronics (Japan)
• Koninklijke Philips N.V., (Netherlands)
• Bowers & Wilkins (U.K.)
• Atlantic Technology (U.S.)
• Toshiba Corporation (Japan)
Market Research Analysis:
Market Research Future Analysis shows that new adoptions of high-tech methods. Asia-Pacific region is mainly dominating the market because of advanced technology implementation in display resolution system. The entertainment industry in Asia-Pacific region is growing and becoming global which is one of the driving factor of home theatre market. The European region is also gaining growth because of increase demand of consumers and investment by technology players in home theatre market.
Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of home theatre market and growing popularity of entertainment industry is fueling the growth in the region. Increasing population, and growing IT landscape is boosting the market in the region. The region is witnessing high adoption of internet streaming for entertainment purpose. Developing countries such as India and China are contributing at a large scale in home theatre market owing to increase population and robust industrialization is boosting the market in the region. The region is witnessing high growth in internet radio market due to growing technological advancement in cloud and mobile technologies.
Segments:
Home Theatre market is segmented on the basis of type, component and channel.
Home Theatre Market by Component:
• Sound & Display Systems
• Media Players
• Storage Devices
• Others
Home Theatre Market by Audio Type:
• Home Theatre In A Box System
• Sound Bar
• Component System
• Component Separate
Intended Audience
• Investors and consultants
• System Integrators
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers
• Original Equipment Manufacturers
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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued…
List of Tables
Table 1 Home Theatre Market, By Component
Table 2 Home Theatre Market, By Type
Table 3 Home Theatre Market, By Region
Continued…
List of Figures
Figure 1 Research Type
Figure 2 Home Theatre Market: By Component (%)
Figure 3 Home Theatre Market: By Type (%)
Continued…
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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