DUBLIN–(BUSINESS WIRE)–The “Residence Audio Gear – International Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
International Residence Audio Gear Market to Attain US$49.9 Billion by the 12 months 2026
The audio-visual area can also be being influenced by rising consideration on good house theaters that yield a hi-tech media room. These good rooms allow an built-in method and supply customers with a common distant for controlling their linked home equipment for a handy and futuristic audio-visual expertise. Owners planning to eliminate wired programs with out compromising over the sound high quality are embracing minimal audio tools with highly effective efficiency.
The market is witnessing rising inflow of wi-fi audio tools with inbuilt parts. New multi-speaker and multi-channel programs are supported by single soundbars. Tech developments comparable to architecturally pleasant Dolby Atmos programs, short-throw projectors, ambient gentle rejecting screens, motorized window remedies, and huge LED screens, are bettering the prospects of house theater market.
The worldwide marketplace for Residence Audio Gear was estimated at US$36.3 Billion within the 12 months 2022, and is projected to achieve a revised dimension of US$49.9 Billion by 2026, rising at a CAGR of 9.6% over the evaluation interval. Residence Theater Methods, one of many segments analyzed within the report, is projected to develop at a 6.5% CAGR to achieve US$15.1 Billion by the top of the evaluation interval.
The U.S. Market is Estimated at $13.1 Billion in 2022, Whereas China is Forecast to Attain $6.1 Billion by 2026
The Residence Audio Gear market within the U.S. is estimated at US$13.1 Billion within the 12 months 2022. The nation presently accounts for a 36.2% share within the world market. China, the world’s second largest economic system, is forecast to achieve an estimated market dimension of US$6.1 Billion within the 12 months 2026 trailing a CAGR of 11.8% by the evaluation interval. Among the many different noteworthy geographic markets are Japan and Canada, every forecast to develop at 7.9% and 9% respectively over the evaluation interval. Inside Europe, Germany is forecast to develop at roughly 8.7% CAGR whereas Remainder of European market (as outlined within the examine) will attain US$3.6 Billion by the top of the evaluation interval.
Sound Bars Section to Attain $12.9 Billion by 2026
Soundbars are having fun with intensive uptake throughout households following the COVID-19 impetus and rising availability of numerous content material and adoption of house leisure merchandise. Within the current years, an rising variety of individuals have began consuming streaming content material like free e-books, gaming and films.
The soundbar development can also be catalyzed by the rise of good TVs and rising set up of house theater programs for enhanced listening and viewing expertise. Within the world Sound Bars section, USA, Canada, Japan, China and Europe will drive the 9.1% CAGR estimated for this section.
Key Subjects Lined:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Homebound Prospects Cost Premium Audio Merchandise’ Demand amid Pandemic
- Residence Audio Expertise Displays Constant Evolution with Addition of New Options
- Future Residence Theater & Audio Gear Traits Coming Down the Pipe
- Main Design Traits in Residence Theaters
- Digital Increase and Development in Music Streaming Drives Demand for Wi-fi Audio system
- Rising Sensible Houses Catalyst to Residence Theatre and Different Audio Merchandise
- E-Commerce Drives Gross sales of Residence Audio Gear
- Rising Inhabitants of Music Listeners & Rise of Mass-Market Audiophiles Augments Enterprise Prospects
- Connectivity: A Important Characteristic for Trendy Audio system
- Rise in Web Penetration and Availability of Excessive-Pace Broadband Networks to Spur Alternatives
- Expertise Developments Drive Important Enhancements in Speaker Methods
- Rise in Residence Leisure Spending Drives Alternatives
- Fast Development of OTT Platforms & Rise in Demand for Excessive-High quality Streaming Content material to Drive Market Beneficial properties
- Synthetic Intelligence (AI) Emerges as a Key Expertise to Induce Market Development
- In-Wall Audio system Acquire Client Curiosity
- Soundbars Proceed to Develop in Reputation
- New Soundbars Set to Redefine Person Listening Expertise
- AI-enabled Audio system and Use of Digital Assistants in Speaker Methods Acquire Traction
- Bulkier and Bigger Audio system Profit from Higher Efficiency Capabilities
- Rise in Penetration of Massive Flat Panel TVs Fuels Demand for Soundbars
- A Peek into Client Conduct
- Favorable Demographic & Socio-Financial Traits Strengthen Market Prospects
- Fast Development in City Households
- Rising Affluence of Center Class Client Section
- Rising Dwelling Requirements
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Corporations Talked about
- Amazon.com, Inc.
- Apple, Inc.
- Bose Company
- Inventive Applied sciences, Inc.
- Edifier Worldwide Restricted
- Harman Worldwide Industries, Inc.
- JVCKenwood Company
- Klipsch Group, Inc.
- LG Electronics Inc.
- Nortek Inc.
- Onkyo & Pioneer Company
- Panasonic Company
- Polk Audio
- Samsung Electronics Co., Ltd.
- Sharp Company
- Sony Electronics Inc.
- VIZIO, Inc.
- Voxx Worldwide Company
- Yamaha Company
For extra details about this report go to https://www.researchandmarkets.com/r/rpi3aq
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