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Home Audio Equipment Market: Leading Segments and their Growth Drivers 2020-2024

Author : Ronak Bora | Published Date : 2020-09-10 

The landscape of home audio equipment market has also experienced a revolution with the emergence of the smart speaker. In fact, as is observed, home audio equipment industry is being inundated with devices like Amazon Echo, Sonos One, Google Home, JBL Link and others that can be commanded by the user to play music from the smartphone or cloud. These speakers can also read out a book, check the weather or play the news – a remarkable upgrade from speakers that could only play music from the playlist.

The robust proliferation of smart devices and the evolution of home entertainment systems have led to home equipment market charting a profitable growth path in recent years. Lately, in-house entertainment systems have been witnessing a massive demand, and with the emergence of IoT, Bluetooth and Wi-Fi, the integration of home entertainment equipment with common operating devices like smartphones has indeed depicted a rise, fueling home audio equipment market trends.

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With the widespread penetration of internet, the home audio equipment industry has evolved to manufacture products that are compatible with all media types available on the internet and can directly stream online content. The expansion of e-commerce has also exponentially increased the availability and affordability of these devices, that has further helped expand the scope of home audio equipment market.

Home entertainment has now reached an all-time high with the growing millennial population, the demands of which have revolutionized the home audio equipment market trends. As the requirement for high definition music systems has increased exponentially in the last decade and consumers have been experiencing the pleasure of increasing disposable incomes, the growth of the home audio equipment industry has been on a remarkable increase.

Top Key Players In Home Audio Equipment Market are Acoustic Research, Inc., Akai, AKG, Altec Lansing, Anthem, Audio Partnership, Plc., Blaupunkt, Bose Corporation, Boston Acoustics, Bowers & Wilkins, Cambridge Audio, Creative Labs, Definitive Technology, Denon, Devialet, Edifier, Fluance, Focal Dimension, JVC Kenwood, Klipsch Group, Koninklijke Philips N.V., LG Electronics, Mark Levinson, Martin Logan, Nakamichi Corporation, Panasonic Corporation, Pioneer Corporation, Polk Audio, Q Acoustics, Samsung Electronics, Sanyo, Sonos, Sony Corporation, Vistron Audio Equipment, Vizio, Voxx International, Yamaha, Zvox

Products that are highly priced with explicit sound quality and those that are low priced and easily affordable, have both been gaining traction in home audio equipment market, in major geographies. Consumers in North America and Europe for instance, have been driving the high-priced home audio equipment market with their demand of high quality audio.

Bearing evidence to this fact is the popularity of the Airhome concept that is integrated in the building itself. Builders nowadays, are offering to sell homes with the wireless audio system already installed, a phenomenon that can revolutionize the home audio equipment industry.

Table Of Content:

Chapter 4.   Home Audio Equipment Market, By Price Range

4.1.  Global home audio equipment share by price range, 2016 & 2024

4.2.  High (more than USD 1000)

4.2.1. Market estimates and forecast, 2013 – 2024

4.2.2. Market estimates and forecast, by technology, 2013 – 2024

4.2.3. Market estimates and forecast, by region, 2013 – 2024

4.3.  Moderate (USD 500 - USD 1000)

4.3.1. Market estimates and forecast, 2013 – 2024

4.3.2. Market estimates and forecast, by technology, 2013 – 2024

4.3.3. Market estimates and forecast, by region, 2013 – 2024

4.4.  Low (Less than USD 500)

4.4.1. Market estimates and forecast, 2013 – 2024

4.4.2. Market estimates and forecast, by technology, 2013 – 2024

4.4.3. Market estimates and forecast, by region, 2013 – 2024

Chapter 5.   Home Audio Equipment Market, By Technology

5.1.  Global home audio equipment share by technology, 2016 & 2024

5.2.  Wired

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Market estimates and forecast, by region, 2013 – 2024

5.2.2.1.    Speaker

5.2.2.1.1.    Market estimates and forecast, 2013 - 2024

5.2.2.1.2.    Market estimates and forecast, by region, 2013 – 2024

5.2.2.2.    Soundbar

5.2.2.2.1.    Market estimates and forecast, 2013 - 2024

5.2.2.2.2.    Market estimates and forecast, by region, 2013 – 2024

5.2.2.3.    HTIB

5.2.2.3.1.    Market estimates and forecast, 2013 - 2024

5.2.2.3.2.    Market estimates and forecast, by region, 2013 – 2024

5.2.2.4.    Receiver

5.2.2.4.1.    Market estimates and forecast, 2013 - 2024

5.2.2.4.2.    Market estimates and forecast, by region, 2013 – 2024

5.3.  Wireless

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Market estimates and forecast, by region, 2013 – 2024

5.3.2.1.    Speaker

5.3.2.1.1.    Market estimates and forecast, 2013 - 2024

5.3.2.1.2.    Market estimates and forecast, by region, 2013 – 2024

5.3.2.2.    Receiver

5.3.2.2.1.    Market estimates and forecast, 2013 - 2024

5.3.2.2.2.    Market estimates and forecast, by region, 2013 – 2024

5.3.2.3.    Soundbar

5.3.2.3.1.    Market estimates and forecast, 2013 - 2024

5.3.2.3.2.    Market estimates and forecast, by region, 2013 – 2024

5.3.2.4.    Home radio

5.3.2.4.1.    Market estimates and forecast, 2013 - 2024

5.3.2.4.2.    Market estimates and forecast, by region, 2013 – 2024

Chapter 6.   Home Audio Equipment Market, By Region

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.7   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/home-audio-equipment-market-size

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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