Home Audio Equipment Market Growth Opportunities, Industry Analysis, Size, Share, Segmentation & Competitive Landscape Report to 2020 | Grand View Research, Inc.

August 06 12:34 2019
Home Audio Equipment Market Growth Opportunities, Industry Analysis, Size, Share, Segmentation & Competitive Landscape Report to 2020 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The home audio equipment market is expected to witness significant growth on account of technologically advanced features incorporated in devices with rising popularity of audio technologies.

The Global Home Audio Equipment Market is expected to reach USD 22.50 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth.

Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in digital technology with changing media options from conventional to latest systems is expected to be positively impact home audio equipment market growth over the next six years. High development cost and fear of hearing loss among the consumers may hamper market growth through the forecast period. Emergence of realistic immersive home audio equipment along with better internet connectivity offers a wide avenue to drive demand for the home audio equipment market.

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Home Audio Equipment Market Analysis By Product (Home Theater In-A-Box, Home Audio Systems, Home Radios) And Segment Forecasts To 2020

Further key findings from the study suggest:

  • The home audio equipment market comprises products such as audio systems, home radios, Home Theater-in-a-box (HTiB) and other accessories. The home audio systems segment includes MP3 players, mini disc players, compact audio systems, cassette deck, rack system and CD/DVD players. HTiB products include 5.1, 6.1, 7.1 and 9.1 channels and the segment is expected to witness significant growth over the forecast period. This can be attributed to several benefits associated with this technology such as unrestricted mobility and high quality sound systems.
  • Widening consumer base in Asia Pacific markets owing to higher affordability and rapid urbanization trends is expected to significantly drive the home audio equipment industry. Demand for digital home radios driven by growing promotional activities is expected to drive regional market growth. The North American market is characterized by rise in unit sales of flat-panel HD TVs.
  • Key companies operating in the market include Sony Corporation, Bose Corporation, LG Electronics, JVC KENWOOD Holdings Inc., Philips, Dolby Laboratories Inc. and Akai. Rising emphasis on vertical integration activities in order to obtain greater product reliability and optimized manufacturing throughput is estimated to be the major growth strategy.

Grand View Research has segmented the global home audio equipment market on the basis of product and region:

Home Audio Equipment Product Outlook (Revenue, USD Billion, 2012 – 2020)

  • Home Theater in-a-Box
  • Home Audio Systems
  • Home Radios
  • Others

Home Audio Equipment Regional Outlook (Revenue, USD Billion, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

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Key Topics Covered 

Chapter 1. Executive Summary
                1.1. Home Audio Equipment – Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Home Audio Equipment Industry Outlook
                2.1. Market Segmentation
                2.2. Market Size and Growth Prospects
                2.3. Home Audio Equipment Value Chain Analysis
                2.4. Home Audio Equipment Market Dynamics
                    2.4.1. Market Driver Analysis
                    2.4.2. Market Restraint Analysis
                2.5. Key Opportunities Prioritized
                2.6. Industry Analysis – Porter’s
                2.7. Home Audio Equipment – Company Market Share Analysis, 2013
                2.8. Home Audio Equipment Market PESTEL Analysis, 2013
Chapter 3. Home Audio Equipment Product Outlook 
                3.1. Home Theater in-a-box
                    3.1.1. Global market estimates and forecasts, 2012 – 2020 (USD Billion)
                3.2. Home Audio Systems
                    3.2.1. Global market estimates and forecasts, 2012 – 2020 (USD Billion)
                3.3. Home Radios
                    3.3.1. Global market estimates and forecasts, 2012 – 2020 (USD Billion)
                3.4. Others
                    3.4.1. Global market estimates and forecasts, 2012 – 2020 (USD Billion)
Chapter 4. Home Audio Equipment Regional Outlook 
                4.1. North America
                    4.1.1. Home Audio Equipment market by product, 2012 – 2020 (USD Billion)
                4.2. Europe
                    4.2.1. Home Audio Equipment market by product, 2012 – 2020 (USD Billion)
                4.3. Asia Pacific
                    4.3.1. Home Audio Equipment market by product, 2012 – 2020 (USD Billion)
                4.4. RoW
                    4.4.1. Home Audio Equipment market by product, 2012 – 2020 (USD Billion)

… continued

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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