Title: Home Audio Equipment Market to Record CAGR of 10%Over 21-2027
1Home Audio Equipment Market Regional Trend 2021
Growth Projections to 2027
2Industry 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_
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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.
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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
55.2.6 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
6Region
- 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.
7Key Players
- Panasonic Corporation
- Pioneer Corporation
- PlantronicsInc.
- Polk Audio
- Samsung Electronics Co. Ltd.
- Sonos Inc.
- Sony Corporation
- VIZIO Inc.
- Voxx International Corporation
- Yamaha Corporation
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