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Europe Audio Products Market by Type (Soundbar & Home Cinema, Hi-Fi or Audio Systems, Radio, and Speakers), Technology (Dolby Atmos; DTS-X; DTS Play-Fi; Built-in Google, Siri, or Alexa; Multiroom; and Others), and Distribution Channel (Specialty Electronic Stores, E-commerce, Hypermarkets, and Others): Opportunity Analysis and Industry Forecast, 2020–2027

A07573
Pages: 220
Oct 2020 | 591 Views
 
Author(s) : Aniket Kadam , Roshan Deshmukh
Tables: 93
Charts: 69
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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The Europe audio products market size is expected to reach $7,463 million in 2027 from $4,928 million in 2019, growing at a CAGR of 9.94% from 2020 to 2027. Audio products, often termed as transducers, facilitate the conversion of electric audio signals into sound waves. They enhance the volume and quality of the sound produced by utilizing speaker drivers, which boosts sound reproduction quality. Soundbar & home cinema, Hi-Fi or audio systems, radio, and smart speakers integrate latest technologies such as virtual assistance, Bluetooth connectivity, integration of Wi-Fi, and portability. Speaker are constantly upgraded to enhance battery backup, portability, water resistance, Bluetooth, and Wi-fi connectivity. The major players in the speaker industry are inclined toward the development of new products complying to changes in consumer demands and to provide high-quality audio output. Products such as smart speakers, true wireless stereo (TWS), smart soundbars, and few portable speakers can work with virtual assistants, which function on artificial intelligence (AI) technology. Virtual assistants such as Alexa by Amazon, Siri by Apple, Cortana by Microsoft, and Google Assistant by Alphabet, Inc. provide a user-friendly platform and can perform multiple functions from playing radio to integrating with home automation products. Virtual assistant technology developers constantly focus on upgrading the features of virtual assistant devices, which enable smart speakers perform more functions. These rapid advancements promote the demand for speakers with AI virtual assistant technologies, thereby boosting the growth of the Europe audio products market. Moreover, batteries are an integral part of portable speakers and wireless audio products. Development in battery technologies aid in enhancing product quality as well as reducing the price of the overall product.

However, artificial technologies, such as voice assistants, capture data for analysis and render it into information. This data is stored on cloud storage, which is prone to cyberattacks and creates threat of data thefts. Such instances hinder the adoption of smart speakers, which hampers the Europe audio products market growth. In addition, the outbreak of the COVID-19 pandemic has directly impacted the Europe audio products market. This is attributed to the fact that the pandemic originated in China and China being the largest exporter of the electronic goods globally, production and sale of audio products were directly impacted. 

Europe Audio-Products--Market-2020-2027

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The Europe audio products industry is anticipated to experience the differential impact of this rapidly spreading COVID-19 on each stage of its value chain through the mediums of the affected workforce at industrial level, raw material supply, trade & logistics, demand–supply volatility, and uncertain consumer demand at retail outlets. Production, distribution, and inventory levels across the audio products industry spectrum are expected to be impacted. 

Key players and the vendors are facing challenges in raw material supply, due to poor logistics, traffic control, and restrictions on public movement in the affected countries across the globe, which lead to supply disruptions. Trade restrictions imposed by several countries across the globe to prevent further spread of coronavirus has significantly affected logistics and transportation, which, in turn, has impacted the audio products market. Restrictions have had a direct impact on the products supply chain with the tightening of transportation and port capacities, thus leading to increase in shipping and freight costs.

Europe Audio Products Market
By Type

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The Speakers segment would witness the fastest growth, registering a CAGR of 13.01% during the forecast.

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Furthermore, this has resulted in the shortage of products supply, which is anticipated to affect the availability of products at retail level. Thus, prolonged restriction on trade and logistic challenges are likely to have a significant impact on the revenue of audio products businesses. 

The lockdown implemented across various countries has led to more spending on home entertainment products such as audio products, video, and gaming consoles.  According to the Podfront, Acast, Adswizz, and DAX Publishers, British people are listening to up to 30% more podcasts. DAX found that music streaming has risen by 11%, whereas Adswizz is reporting that smart speaker use in the home is up 100%. Media services company, Bauer reported a 96% increase in radio listeners over Easter weekend compared to the year before. Bauer is reporting that there is more use of mobile and smart speakers due to free time. Thus, the availability of time and inclination toward audio content are expected to augment the Europe audio products market growth in the coming period. However, this pandemic is anticipated to significantly decrease the Europe audio products market size in 2020.

Europe Audio Products Market
By Technology

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Built in Google, Siri or Alexa segment would witness the fastest growth, registering a CAGR of 15.03% during the forecast period.

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On the basis of type, the soundbar & home cinema segment accounted for the maximum Europe audio products market share in 2019. This is attributed to the fact that soundbar & home cinema system are proven to enhance the overall sound experience of movies and TV shows via voice control automation. Thus, such product innovations are expected to continue to drive the growth of the Europe audio products market during the forecast period. 

On the basis of technology, the multiroom accounted for the maximum Europe audio products market share in 2019. This is attributed to increase in applications of multiroom audio devices in household, surge in penetration of infotainment devices, and rise in adoption of mobile devices. 

Europe Audio Products Market
By Distribution channel

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E commerce segment would witness the fastest growth, registering a CAGR of 12.86% during the forecast period.

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On the basis of distribution channel, the specialty electronic stores segment was the highest contributor to the Europe audio products market in 2019. This is attributed to the fact that consumers prefer to analyze and evaluate the product before purchase, which boosts the retail sales of audio products through specialty electronic stores.  

The players operating in the Europe audio products industry have adopted new product launch as their key developmental strategy to expand their share in Europe audio products market, increase profitability, and remain competitive. The key players profiled in the report include Samsung Electronics Co., LTD, Sonos, Inc., Blaupunkt GMBH, Bose Corporation, Koninklijke Philips N.V., Sony Corporation, LG, Alphabet Inc., Amazon, Inc., and Panasonic.

Europe Audio Products Market
By Country

2027
Germany 
Uk
France
Italy
Spain
Poland
Rest Of Europe

Spain segment would witness the fastest growth, registering a CAGR of 12.39% during the forecast period.

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Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current Europe audio products market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth Europe audio products market analysis and the market size and segmentation assist to determine the prevailing Europe audio products market opportunity.
  • The major countries in Europe are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the Europe audio products market. 

Key Market Segments

By Type

  • Soundbar & Home Cinema 
  • Hi-Fi or Audio Systems
  • Radio 
  • Speakers

By Technology

  • Dolby Atmos 
  • DTS-X
  • DTS Play-Fi
  • Built-in Google, Siri, or Alexa
  • Multiroom
  • Others

By Distribution Channel

  • Specialty Electronic Stores 
  • E-commerce
  • Hypermarkets
  • Others

By Country

  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Rest of Europe
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Market Share Analysis/Top Player Positioning 2019

3.4.1.Share analysis in Europe audio products market, 2019 (%)

3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Surge in demand for wireless audio devices
3.5.1.2.Increase in demand for smart speakers

3.5.2.Restraints

3.5.2.1.Government regulation for audio products market
3.5.2.2.Data privacy and security concerns

3.5.3.Opportunity

3.5.3.1.Expansion of online sales channel

3.6.Pricing analysis, 2019 ($)
3.7.Value chain analysis
3.8.Hitlists by territory (top selling models)

3.8.1.Audio Products Top selling models: Germany
3.8.2.Audio Products Top selling models: UK
3.8.3.Audio Products Top selling models: Spain
3.8.4.Audio Products Top selling models: Italy
3.8.5.Audio Products Top selling models: Poland

3.9.COVID-19 impact analysis

CHAPTER 4:EUROPE AUDIO PRODUCTS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Soundbar & home cinema

4.2.1.Overview
4.2.2.Key market trends, growth factors, and opportunities
4.2.3.Market size and forecast

4.3.Hi-Fi or audio systems

4.3.1.Overview
4.3.2.Key market trends, growth factors, and opportunities
4.3.3.Market size and forecast

4.4.Radio

4.4.1.Overview
4.4.2.Key market trends, growth factors, and opportunities
4.4.3.Market size and forecast

4.5.Speakers

4.5.1.Overview
4.5.2.Key market trends, growth factors, and opportunities
4.5.3.Market size and forecast

CHAPTER 5:EUROPE AUDIO PRODUCTS MARKET, BY TECHNOLOGY

5.1.Overview

5.1.1.Market size and forecast

5.2.Dolby Atmos

5.2.1.Overview
5.2.2.Key market trends, growth factors, and opportunities
5.2.3.Market size and forecast

5.3.DTS-X

5.3.1.Overview
5.3.2.Key market trends, growth factors, and opportunities
5.3.3.Market size and forecast

5.4.DTS Play-Fi

5.4.1.Overview
5.4.2.Key market trends, growth factors, and opportunities
5.4.3.Market size and forecast

5.5.Built- in Google, Siri, or Alexa

5.5.1.Overview
5.5.2.Key market trends, growth factors, and opportunities
5.5.3.Market size and forecast

5.6.Multiroom

5.6.1.Overview
5.6.2.Key market trends, growth factors, and opportunities
5.6.3.Market size and forecast

5.7.Others

5.7.1.Overview’
5.7.2.Key market trends, growth factors, and opportunities
5.7.3.Market size and forecast

CHAPTER 6:EUROPE AUDIO PRODUCTS MARKET, BY DISTRIBUTION CHANNEL

6.1.Overview

6.1.1.Market size and forecast

6.2.Specialty electronic stores

6.2.1.Overview
6.2.2.Key market trends, growth factors, and opportunities
6.2.3.Market size and forecast

6.3.E- commerce

6.3.1.Overview
6.3.2.Key market trends, growth factors, and opportunities
6.3.3.Market size and forecast

6.4.Hypermarkets

6.4.1.Overview
6.4.2.Key market trends, growth factors, and opportunities
6.4.3.Market size and forecast

6.5.Others

6.5.1.Overview
6.5.2.Key market trends, growth factors, and opportunities
6.5.3.Market size and forecast

CHAPTER 7:EUROPE AUDIO PRODUCTS MARKET, BY COUNTRY

7.1.Overview

7.1.1.Market size and forecast

7.1.1.1.Germany

7.1.1.1.1.Market size and forecast, by type
7.1.1.1.2.Market size and forecast, by technology
7.1.1.1.3.Market size and forecast, by distribution channel

7.1.1.2.UK

7.1.1.2.1.Market size and forecast, by type
7.1.1.2.2.Market size and forecast, by technology
7.1.1.2.3.Market size and forecast, by distribution channel

7.1.1.3.France

7.1.1.3.1.Market size and forecast, by type
7.1.1.3.2.Market size and forecast, by technology
7.1.1.3.3.Market size and forecast, by distribution channel

7.1.1.4.Italy

7.1.1.4.1.Market size and forecast, by type
7.1.1.4.2.Market size and forecast, by technology
7.1.1.4.3.Market size and forecast, by distribution channel

7.1.1.5.Spain

7.1.1.5.1.Market size and forecast, by type
7.1.1.5.2.Market size and forecast, by technology
7.1.1.5.3.Market size and forecast, by distribution channel

7.1.1.6.Poland

7.1.1.6.1.Market size and forecast, by type
7.1.1.6.2.Market size and forecast, by technology
7.1.1.6.3.Market size and forecast, by distribution channel

7.1.1.7.Rest of Europe

7.1.1.7.1.Market size and forecast, by type
7.1.1.7.2.Market size and forecast, by technology
7.1.1.7.3.Market size and forecast, by distribution channel

CHAPTER 8:COMPETITION LANDSCAPE

8.1.Top winning strategies
8.2.Product mapping
8.3.Competitive dashboard
8.4.Competitive heat map
8.5.Key developments

8.5.1.Acquisition
8.5.2.Agreement
8.5.3.Business expansion
8.5.4.Collaboration
8.5.5.Partnership
8.5.6.Product launch

CHAPTER 9:COMPANY PROFILES

9.1.ALPHABET, INC.

9.1.1.Company overview
9.1.2.Key executive
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D expenditure
9.1.7.Business performance
9.1.8.Key strategic moves and developments

9.2.AMAZON, INC.

9.2.1.Company overview
9.2.2.Key executive
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.Business performance
9.2.7.Key strategic moves and developments

9.3.BLAUPUNKT INTERNATIONAL GMBH & CO KG

9.3.1.Company overview
9.3.2.Key executive
9.3.3.Company snapshot
9.3.4.Product portfolio

9.4.BOSE CORPORATION

9.4.1.Company overview
9.4.2.Key executive
9.4.3.Company snapshot
9.4.4.Product portfolio

9.5.B&W GROUP LTD

9.5.1.Company overview
9.5.2.Key executive
9.5.3.Company snapshot
9.5.4.Product portfolio

9.6.KONINKLIJKE PHILIPS N.V.

9.6.1.Company overview
9.6.2.Key executive
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D expenditure
9.6.7.Business performance
9.6.8.Key strategic moves and developments

9.7.LG ELECTRONICS

9.7.1.Company overview
9.7.2.Key executive
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.Business performance
9.7.7.Key strategic moves and developments

9.8.PANASONIC CORPORATION

9.8.1.Company overview
9.8.2.Key executive
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.R&D expenditure
9.8.7.Business performance
9.8.8.Key strategic moves and developments

9.9.SAMSUNG ELECTRONICS CO. LTD.

9.9.1.Company overview
9.9.2.Key executive
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.R&D expenditure
9.9.7.Business performance
9.9.8.Key strategic moves and developments

9.10.SONOS, INC.

9.10.1.Company overview
9.10.2.Key executive
9.10.3.Company snapshot
9.10.4.Product portfolio
9.10.5.R&D expenditure
9.10.6.Business performance
9.10.7.Key strategic moves and developments

9.11.SONY CORPORATION

9.11.1.Company overview
9.11.2.Key executive
9.11.3.Company snapshot
9.11.4.Operating business segments
9.11.5.Product portfolio
9.11.6.R&D expenditure
9.11.7.Business performance
9.11.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.EUROPE AUDIO PRODUCTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 02.EUROPE AUDIO PRODUCTS MAKRET REVENUE FOR SOUNDBAR & HOME CINEMA, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 03.EUROPE AUDIO PRODUCTS MAKRET REVENUE FOR HI-FI OR AUDIO SYSTEMS , BY COUNTRY, 2019–2027 ($MILLION)
TABLE 04.EUROPE AUDIO PRODUCTS MAKRET REVENUE FOR RADIO, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 05.EUROPE AUDIO PRODUCTS MAKRET REVENUE FOR SPEAKERS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 06.EUROPE AUDIO PRODUCTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 07.EUROPE AUDIO PRODUCTS MARKET REVENUE FOR DOLBY ATMOS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 08.EUROPE AUDIO PRODUCTS MARKET REVENUE FOR DTS-X, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 09.EUROPE AUDIO PRODUCTS MARKET REVENUE FOR DTS PLAY-FI, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 10.EUROPE AUDIO PRODUCTS MARKET REVENUE FOR BUILT-IN GOOGLE, SIRI, OR ALEXA, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 11.EUROPE AUDIO PRODUCTS MARKET REVENUE FOR MULTIROOM, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 12.EUROPE AUDIO PRODUCTS MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 13.EUROPE AUDIO PRODUCTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 14.EUROPE AUDIO PRODUCTS MARKET REVENUE FOR SPECIALTY ELECTRONIC STORES, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 15.EUROPE AUDIO PRODUCTS REVENUE FOR E-COMMERCE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 16.EUROPE AUDIO PRODUCTS REVENUE FOR HYPERMARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 17.EUROPE AUDIO PRODUCTS REVENUE FOR OTHERS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 18.EUROPE AUDIO PRODUCTS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 19.GERMANY AUDIO PRODUCTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 20.GERMANY AUDIO PRODUCTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 21.GERMANY AUDIO PRODUCTS REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 22.UK AUDIO PRODUCTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 23.UK. AUDIO PRODUCTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 24.UK. AUDIO PRODUCTS REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 25.FRANCE AUDIO PRODUCTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 26.FRANCE. AUDIO PRODUCTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 27.FRANCE. AUDIO PRODUCTS REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 28.ITALY AUDIO PRODUCTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 29.ITALY. AUDIO PRODUCTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 30.ITALY AUDIO PRODUCTS REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 31.SPAIN AUDIO PRODUCTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 32.SPAIN. AUDIO PRODUCTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 33.SPAIN AUDIO PRODUCTS REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 34.POLAND AUDIO PRODUCTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 35.POLAND AUDIO PRODUCTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 36.POLAND AUDIO PRODUCTS REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 37.REST OF EUROPE AUDIO PRODUCTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 38.REST OF EUROPE AUDIO PRODUCTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 39.REST OF EUROPE AUDIO PRODUCTS REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 40.ALPHABET, INC.: KEY EXECUTIVE
TABLE 41.ALPHABET, INC.: COMPANY SNAPSHOT
TABLE 42.ALPHABET, INC.: OPERATING SEGMENTS
TABLE 43.ALPHABET, INC.: PRODUCT PORTFOLIO
TABLE 44.ALPHABET, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 45.ALPHABET, INC.: NET SALES, 2017–2019 ($MILLION)
TABLE 46.AMAZON, INC.: KEY EXECUTIVE
TABLE 47.AMAZON, INC.: COMPANY SNAPSHOT
TABLE 48.AMAZON, INC.: OPERATING SEGMENTS
TABLE 49.AMAZON, INC.: PRODUCT PORTFOLIO
TABLE 50.AMAZON, INC.: NET SALES, 2017–2019 ($MILLION)
TABLE 51.BLAUPUNKT INTERNATIONAL GMBH & CO KG: KEY EXECUTIVE
TABLE 52.BLAUPUNKT INTERNATIONAL GMBH & CO KG: COMPANY SNAPSHOT
TABLE 53.BLAUPUNKT INTERNATIONAL GMBH & CO KG: PRODUCT PORTFOLIO
TABLE 54.BOSE CORPORATION: KEY EXECUTIVE
TABLE 55.BOSE CORPORATION: COMPANY SNAPSHOT
TABLE 56.BOSE CORPORATION: PRODUCT PORTFOLIO
TABLE 57.B&W GROUP LTD: KEY EXECUTIVE
TABLE 58.B&W GROUP LTD: COMPANY SNAPSHOT
TABLE 59.B&W GROUP LTD: PRODUCT PORTFOLIO
TABLE 60.KONINKLIJKE PHILIPS N.V.: KEY EXECUTIVE
TABLE 61.KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT
TABLE 62.KONINKLIJKE PHILIPS N.V.: OPERATING SEGMENTS
TABLE 63.KONINKLIJKE PHILIPS N.V.: PRODUCT PORTFOLIO
TABLE 64.KONINKLIJKE PHILIPS N.V.: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 65.KONINKLIJKE PHILIPS N.V.: NET SALES, 2017–2019 ($MILLION)
TABLE 66.LG ELECTRONICS: KEY EXECUTIVE
TABLE 67.LG ELECTRONICS: COMPANY SNAPSHOT
TABLE 68.LG ELECTRONICS: OPERATING SEGMENTS
TABLE 69.LG ELECTRONICS: PRODUCT PORTFOLIO
TABLE 70.LG ELECTRONICS: NET SALES, 2017–2019 ($MILLION)
TABLE 71.PANASONIC CORPORATION: KEY EXECUTIVE
TABLE 72.PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 73.PANASONIC CORPORATION: OPERATING SEGMENTS
TABLE 74.PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 75.PANASONIC CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 76.PANASONIC CORPORATION: NET SALES, 2017–2019 ($MILLION)
TABLE 77.SAMSUNG ELECTRONICS CO. LTD.: KEY EXECUTIVE
TABLE 78.SAMSUNG ELECTRONICS CO. LTD.: COMPANY SNAPSHOT
TABLE 79.SAMSUNG ELECTRONICS CO. LTD.: OPERATING SEGMENTS
TABLE 80.SAMSUNG ELECTRONICS CO. LTD.: PRODUCT PORTFOLIO
TABLE 81.SAMSUNG ELECTRONICS CO. LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 82.SAMSUNG ELECTRONICS CO. LTD.: NET SALES, 2017–2019 ($MILLION)
TABLE 83.SONOS, INC.: KEY EXECUTIVE
TABLE 84.SONOS, INC.: COMPANY SNAPSHOT
TABLE 85.SONOS, INC.: PRODUCT PORTFOLIO
TABLE 86.SONOS, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 87.SONOS, INC.: NET SALES, 2017–2019 ($MILLION)
TABLE 88.SONY CORPORATION: KEY EXECUTIVE
TABLE 89.SONY CORPORATION: COMPANY SNAPSHOT
TABLE 90.SONY CORPORATION: OPERATING SEGMENTS
TABLE 91.SONY CORPORATION: PRODUCT PORTFOLIO
TABLE 92.SONY CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 93.SONY CORPORATION: NET SALES, 2017–2019 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENT
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.HIGH THREAT OF SUBSTITUTION
FIGURE 07.MODERATE THREAT OF NEW ENTRANTS
FIGURE 08.HIGH INTENSITY OF RIVALRY
FIGURE 09.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING, 2019
FIGURE 10.EUROPE AUDIO PRODUCTS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.EUROPE AUDIO PRODUCTS MARKET, BY TYPE, 2019 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIOPRODUCTS MARKET REVENUE FOR SOUNDBAR & HOME CINEMA, BY COUNTRY, 2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR HI-FI OR AUDIO SYSTEMS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MAKRET REVENUE FOR RADIO, BY COUNTRY, 2019 & 2027 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MAKRET REVENUE FOR SPEAKERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 16.EUROPE AUDIO PRODUCTS MARKET, BY TECHNOLOGY, 2019 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR DOLBY ATMOS,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR DTS-X, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR DTS PLAY-FI,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR BUILT-IN GOOGLE, SIRI, OR ALEXA, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR MULTIROOM,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 23.EUROPE AUDIO PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, 2019 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR SPECIALTY ELECTRONIC STORES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR E-COMMERCE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR HYPERMARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF EUROPE AUDIO PRODUCTS MARKET REVENUE FOR OTHERS,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.EUROPE AUDIO PRODUCTS MARKET, BY COUNTRY, 2019 (%)
FIGURE 29.GERMANY AUDIO PRODUCTS MARKET, 2019–2027 ($MILLION)
FIGURE 30.UK AUDIO PRODUCTS MARKET, 2019–2027 ($MILLION)
FIGURE 31.FRANCE AUDIO PRODUCTS MARKET, 2019–2027 ($MILLION)
FIGURE 32.ITALY AUDIO PRODUCTS MARKET, 2019–2027 ($MILLION)
FIGURE 33.SPAIN AUDIO PRODUCTS MARKET, 2019–2027 ($MILLION)
FIGURE 34.POLAND AUDIO PRODUCTS MARKET, 2019–2027 ($MILLION)
FIGURE 35.REST OF EUROPE AUDIO PRODUCTS MARKET, 2019–2027 ($MILLION)
FIGURE 36.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 37.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020* (%)
FIGURE 38.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 39.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 40.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 41.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 42.ALPHABET, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 43.ALPHABET, INC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 44.ALPHABET, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 45.ALPHABET, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 46.AMAZON, INC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 47.AMAZON, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 48.AMAZON, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 49.KONINKLIJKE PHILIPS N.V.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 50.KONINKLIJKE PHILIPS N.V.: NET SALES, 2017–2019 ($MILLION)
FIGURE 51.KONINKLIJKE PHILIPS N.V.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 52.KONINKLIJKE PHILIPS N.V.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 53.LG ELECTRONICS: NET SALES, 2017–2019 ($MILLION)
FIGURE 54.LG ELECTRONICS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 55.PANASONIC CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 56.PANASONIC CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 57.PANASONIC CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 58.PANASONIC CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 59.SAMSUNG ELECTRONICS CO. LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 60.SAMSUNG ELECTRONICS CO. LTD.: NET SALES, 2017–2019 ($MILLION)
FIGURE 61.SAMSUNG ELECTRONICS CO. LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.SAMSUNG ELECTRONICS CO. LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.SONOS, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 64.SONOS, INC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 65.SONOS, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 66.SONY CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 67.SONY CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 68.SONY CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 69.SONY CORPORATION: REVENUE SHARE BY REGION, 2019 (%)

 
 

The Europe audio products market exhibits high potential for wireless audio products and smart speakers. These products are relatively new and feature numerous functions such as voice control, portability, and high-definition audio. The manufacturing giants in the industry, including Amazon.com, Inc. and Apple, Inc. have a strong foothold and significantly contribute toward the growth of the smart audio product industry.

The use of AI through virtual assistants is changing the speaker industry by making these products more feasible for personal use. The application of speakers has been diversified and the technologies are constantly upgraded for inclusion of new programs, better audio quality, and high-end battery backup. For instance, the Amazon Echo product featuring Alexa virtual assistant can perform thousands of functions, and is available in varied price ranges including less than $50to $100, and more than $200 for high-end models with better sound quality. This consumer-based product development promotes the growth of speakers with smart technologies, which, in turn, drives the growth of the Europe audio products market.

Key players in the market focus on product launch and product development to strengthen their foothold in the audio products industry. For instance, in April 2020, Harman International, a subsidiary of Korea based Samsung Electronics, launched JBL Flip 5 Eco portable speaker on the occasion of International Mother’s Earth day. This speaker is manufactured using 90% recycled plastic parts, and is packed using environment-friendly material. In addition, it includes a protective case constructed using biodegradable materials. Such factors increase the popularity of these products, thereby propelling the growth of the audio products market.
 

 
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A. The Europe audio products market size is expected to reach $7,463 million in 2027 from $4,928 million in 2019, growing at a CAGR of 9.94% from 2020 to 2027. Audio products, often termed as transducers, facilitate the conversion of electric audio signals into sound waves. They enhance the volume and quality of the sound produced by utilizing speaker drivers, which boosts sound reproduction quality

A. The CAGR of Europe audio products market is 9.94% from from 2020 to 2027. Soundbar & home cinema, Hi-Fi or audio systems, radio, and smart speakers integrate latest technologies such as virtual assistance, Bluetooth connectivity, integration of Wi-Fi, and portability. Speaker are constantly upgraded to enhance battery backup, portability, water resistance, Bluetooth, and Wi-fi connectivity. The major players in the speaker industry are inclined toward the development of new products complying to changes in consumer demands and to provide high-quality audio output

A. The base year calculated in the Europe audio products market is 2019. Products such as smart speakers, true wireless stereo (TWS), smart soundbars, and few portable speakers can work with virtual assistants, which function on artificial intelligence (AI) technology. Virtual assistants such as Alexa by Amazon, Siri by Apple, Cortana by Microsoft, and Google Assistant by Alphabet, Inc. provide a user-friendly platform and can perform multiple functions from playing radio to integrating with home automation products.

A. These rapid advancements promote the demand for speakers with AI virtual assistant technologies, thereby boosting the growth of the Europe audio products market. In addition, batteries are an integral part of portable speakers and wireless audio products. Development in battery technologies aid in enhancing product quality as well as reducing the price of the overall product are the top impacting factor of Europe audio products market.

A. The Europe audio products market is segmented into type, technology, distribution channel, and country. By type, the market is categorized into soundbar & home cinema, Hi-Fi or audio systems, radio, and speakers. Depending on technology, it is segregated into Dolby Atmos; DTS-X; DTS Play-Fi; built-in Google, Siri, or Alexa; multiroom; and others. On the basis of distribution channel, it is fragmented into specialty electronic stores, e-commerce, hypermarkets, and others. Country wise, it is classified into Germany, the UK, France, Italy, Spain, Poland, and rest of Europe

A. The forecast period in the Europe audio products market report is from 2020 to 2027. The Europe audio products industry is anticipated to experience the differential impact of this rapidly spreading COVID-19 on each stage of its value chain through the mediums of the affected workforce at industrial level, raw material supply, trade & logistics, demand–supply volatility, and uncertain consumer demand at retail outlets

A. The key players profiled in the Europe audio products report include Samsung Electronics Co., LTD, Sonos, Inc., Blaupunkt GMBH, Bose Corporation, Koninklijke Philips N.V., Sony Corporation, LG, Alphabet Inc., Amazon, Inc., and Panasonic.

A. The key trends in the Europe audio products market report are surge in demand for wireless audio devices, Increase in demand for smart speakers, and expansion of online sales channel. Rise in smartphone users across Europe has contributed toward the growth of online sales channels in recent years. With mobile devices, consumers are buying and selling products over the internet more flexibly and passively than ever before

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