Home Audio Equipment Market to Record CAGR of 10%Over 21-2027

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Home Audio Equipment Market to Record CAGR of 10%Over 21-2027

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The North America home audio equipment market is projected to record appreciable growth through the analysis period, owing to the rising popularity of video-on-demand services in the region. In 2019, nearly 46 per cent of the broadband households in the U.S. subscribed to two or more OTT services. – PowerPoint PPT presentation

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Title: Home Audio Equipment Market to Record CAGR of 10%Over 21-2027


1
Home Audio Equipment Market Regional Trend 2021
Growth Projections to 2027
2
Industry Insights
  • In October 2020, Apple, Inc., a prominent player
    in the home audio equipment market, released
    HomePod mini, the latest addition to the
    companys HomePod family which delivers the
    intelligence of Siri, impressive sound, and a
    smart home experience that provides convenience
    and comfort.
  • The product is 3.3 inches tall and is packed with
    advanced software and innovative technologies
    that allow computational audio for providing
    breakthrough audio quality. Such developments are
    set to drive the demand for home audio systems
    installation through the forthcoming years.
  • This growth is attributed to the increase in
    online retailing as e-commerce players,
    comprising eBay and Amazon.com Inc, have started
    providing an extensive variety of products on
    their portals. The COVID-19 pandemic has given a
    boost to online retailing as customers have begun
    to prefer online product purchases for ensuring
    social distancing.

3
  • The outbreak has also caused a reduction in the
    number of people visiting the physical retail
    stores. In addition, various offers and discounts
    provided by e-commerce companies encourage people
    to go ahead with the online purchase of home
    audio amplifiers and other products. Easy
    policies of replacement have also fostered the
    growth of the online retailing segment through
    the recent years.
  • Get sample copy of this research report _at_
    https//www.gminsights.com/request-sample/detail/1
    57
  • The home audio equipment market is further driven
    by an increase in the demand for speakers owing
    to the escalating trend of AI-ready speakers at
    the global level. Numerous industry players are
    providing smart speakers that allow users to turn
    on lights, play music, and make reservations at
    restaurants. These smart speakers are combined
    with deep learning technology that recognizes
    sound patterns and other data, offering a
    user-friendly interface.

4

Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/toc/
detail/home-audio-equipment-market-size Chapter
5 Home Audio Equipment Market, By
Technology 5.1 Key trends by technology 5.2
Wired 5.2.1 Market estimates and forecast,
2016 2027 5.2.2 Market estimates and
forecast, by product, 2016 2027 5.2.3
Speaker 5.2.4 Soundbar
5
5.2.6 Receiver 5.3 Wireless 5.3.1
Market estimates and forecast, 2016 2027 5.3.2
Market estimates and forecast, by product,
2016 2027 5.3.3 Speaker 5.3.4
Soundbar 5.3.5 Home Radio 5.3.6 Home
Theater in a Box (HTiB) 5.3.7 Receiver

6
Region
  • The North America home audio equipment market is
    projected to record appreciable growth through
    the analysis period, owing to the rising
    popularity of video-on-demand services in the
    region. In 2019, nearly 46 per cent of the
    broadband households in the U.S. subscribed to
    two or more OTT services. Prominent home audio
    equipment manufacturers, comprising The Walt
    Disney Company, Hulu, and Netflix, are dominating
    the video-on-demand industry in the region.

7
Key Players
  • Panasonic Corporation
  • Pioneer Corporation
  • PlantronicsInc.
  • Polk Audio
  • Samsung Electronics Co. Ltd.
  • Sonos Inc.
  • Sony Corporation
  • VIZIO Inc.
  • Voxx International Corporation
  • Yamaha Corporation

8
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