Report Code: A11763 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Home Audio Equipment Market
Request Now !Home audio equipment is a sort of audio equipment that uses consumer electronics-grade audio and video equipment to recreate the experience of going to the movies. It consists of numerous components such as shelf stereos, surround sound receivers, and a projection system for home entertainment.The surge in popularity of over-the-top (OTT) services has increased the demand for high-quality home audio equipment. Audio content is increasingly being streamed over wireless networks such as Bluetooth, which can be connected to portable devices. This is a major driver propelling the growth of the global home audio equipment market.Furthermore, a shift in consumer preference toward high-performance home theatre systems and the surge in requirement for enhanced user experience are positively impacting the market growth.Moreover, rise in disposable income, urbanization, and industrialization rates, technical improvements, and manufacturer product developments contribute toward the market growth.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
An important trend among industry participants is to focus on launching unique solutions in order to gain a large market share
To enhance their position in the home audio equipment industry, companies are developing new products with integrated modern technologies. JVCKenwood Corporation, for example, released the JVC XP-EXT1, a wireless home theatre system that provides a full multi-channel sound field through a headphone, in January 2020.
Sonance, a US-based company, announced in September 2019 that it has reached an agreement with James Loudspeaker to buy James for an undisclosed sum. The deal's goal is to bring together technical technology to help them achieve their goal of providing greater acoustic performance in goods through creative techniques.
The market for home audio equipment will benefit from the growing popularity of smart homes
Consumer habits are shifting, and they are increasingly using connected audio devices to access content. Consumer expenditure on smart homes is on an increase in Europe, which is driving the demand for connected home audio systems. The ability to play the same music in several rooms of the house drives the demand for multi-room devices in the UK and Germany.
The new Echo speaker from Amazon is a tiny ball of sound that delivers the same forceful bass and broad soundstage as the previous model, but with more room-filling sound than ever before. It may be used in a variety of locations, including kitchens, restrooms, and even small living rooms, and it readily fills the space with 360-degree sound.
Key Benefits of the Report
Questions answered in the Report
Home Audio Equipment Market Report Highlights
Aspects | Details |
---|---|
By Product Type |
|
By Application |
|
By Distribution Channel |
|
By Region |
|
Key Market Players | Klipsch Group Inc., Nakamichi Corp., Harman International Industries Inc., LG Electronics, Sonos Inc., Bowers & Wilkins, Boston Acoustics, Bose Corp., Panasonic Corp. |
Start reading.
This Report and over 66,782+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers