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Soundbar Market: High-growth Regions to Expand Geographic Footprint 2020-2026

Author : Ronak Bora | Published Date : 2020-09-03 

The global soundbar market is increasing inclination of the consumers towards IoT-enabled soundbars is anticipated to be the key factor augmenting industry through 2026. Integrating voice assistants with devices provides users a hands free soundbar work experience, which is fueling the product adoption.

Additionally, rise in sales of smart TVs and the increasing availability of online streaming content like movies, music, and web series is providing a remunerative growth trajectory to the market. The growing popularity of advanced soundbars, which come with in-built features like easy connectivity with Bluetooth and Wi-Fi, longer battery life, and the built-in voice assistant is another determinant that is driving the soundbar market growth.

According to a research report by Global Market Insights Inc., the global soundbar market is estimated to exceed a valuation of $6.5 billion through 2026.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4638

With reference to the type segment, 7.1 based soundbars are anticipated to observe a substantial rate of growth owing to shifting customer preferences when it comes to sound quality; consumers are more inclined towards getting a high-quality cinematic audio experience in their homes.

7.1 based channel Soundbar Market have a number of extensive features such as built-in voice assistant for a better hands-free experience, wireless connectivity, and Dolby-Atmos HD (high-definition) surround sound. These soundbars offer an exceptional cinematic audio experience and further lift the home-entertainment experience for audio lovers. Considering these factors, the 7.1 based soundbars segment is projected to grow at a CAGR of more than 7% over the forthcoming timeframe.

Top Key Players In Soundbar Market are Acoustic Research, Inc., Anker Technology (UK) Ltd., Bang & Olufsen A/S, Bose Corporation, Bowers & Wilkins Group Ltd., Dynaudio, Harman International Industries, Inc., JBL, Klipsch Group Inc., Koninklijke Philips N.V., LG Electronics Inc., Pioneer Corporation, Plantronics, Inc., Polk Audio, Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH & Co. KG, Sentry Industries, Inc., Sony Corporation, VIZIO Inc., Yamaha Corporation

With respect to the distribution segment, the online distribution channel is estimated to gain an added advantage over the offline distribution channels owing to changing customer behavior regarding browsing e-commerce websites.

Online distribution channel uses cloud computing technology and AI chatbots to provide a seamless and personalized consumer experience at any touchpoint, growing their popularity immensely among consumers.

On the geographical front, Europe soundbar market is projected to observe significant development owing to an upsurge in smart TV sales, particularly in the UK, France, and Germany. The growing adoption of smart homes and the easy availability of wireless devices and high-speed internet are the major factors responsible for industry growth in the region.

Moreover, up-to-date brand awareness among consumers and popularity of established market players is challenging new companies to set a mark in the regional market scenario. As a result, in order to make headway in the industry landscape as a company, new players are focused on introducing novel product innovation strategies in the region.

Citing an instance, UK-based audio equipment provider, Orbitsound, is providing soundbars with new air technology that offers high-fidelity sound through a single unit to a big listening area. These soundbar also provides smart usability and sleek design for next-generation TVs, increasing its demand.

Table of Content:

Chapter 5    Soundbar Market, By Type

5.1    Key trends by type

5.2    2.1 channel

5.2.1   Market estimates and forecast, 2015 – 2026

5.3    5.1 channel

5.3.1   Market estimates and forecast, 2015 – 2026

5.4    7.1 channel

5.4.1   Market estimates and forecast, 2015 – 2026

5.5    Others

5.5.1   Market estimates and forecast, 2015 – 2026

Chapter 6    Soundbar Market, By Distribution Channel

6.1    Key trends by distribution channel

6.2    Offline

6.2.1   Market estimates and forecast, 2015 – 2026

6.3    Online

6.3.1   Market estimates and forecast, 2015 – 2026

Chapter 7    Soundbar Market, By Region

7.1    Key trends by region

7.2    North America

7.2.4   U.S.

7.2.5   Canada

7.3    Europe

7.3.3   UK

7.3.4   Germany

7.3.5   France

7.3.6   Italy

7.3.7   Spain

7.4    Asia Pacific

7.4.3   China

7.4.4   India

7.4.5   Japan

7.5    Latin America

7.5.3   Brazil

7.5.4   Mexico

7.6    MEA

7.6.3   GCC

7.6.4   South Africa

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

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

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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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