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Global Home Audio Equipment Market Share, Size, Industry Trends And Forecast 2018-2023

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Get more information about the market: A new research report by IMARC Group, titled “Home Audio Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 17 Billion in 2017. Request a sample report: Browse more reports on Technology & Media Industry: Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Follow us on twitter: @imarcglobal – PowerPoint PPT presentation

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Title: Global Home Audio Equipment Market Share, Size, Industry Trends And Forecast 2018-2023


1

  Global Home Audio Equipment Market Influenced
by Technological Advancements
Copyright IMARC. All Rights Reserved
2
About IMARC Group
Report Description
IMARC is a leading advisor on management
strategy and market research worldwide. We
partner with clients in all sectors and regions
to identify their highest-value opportunities,
address their most critical challenges, and
transform their businesses. IMARCs information
products include major market, scientific,
economic and technological developments for
business leaders in pharmaceutical, industrial,
and high technology organizations. Market
forecasts and industry analysis for
biotechnology, advanced materials,
pharmaceuticals, food and beverage, travel and
tourism, nanotechnology and novel processing
methods are at the top of the companys
expertise. IMARCs tailored approach combines
unfathomable insight into the dynamics of
companies and markets with close cooperation at
all levels of the client organization. This
ensures that our clients achieve unmatchable
competitive advantage, build more proficient
organizations, and secure lasting results.
3
Report Description and Highlights
Report Description
Global Home Audio Equipment Market Influenced by
Technological Advancements The global home
audio equipment market is growing at a healthy
rate as there is an upsurge in the demand for
wireless systems due to urbanisation,
technological developments and expansion in the
entertainment industry. Over the years,
innovations in technology has consistently helped
humans in making lives simpler and convenient.
One such technology being home audio equipment
which is installed inside the home, aimed to
imitate the commercial theatre performance. It
imparts a bona fide theatre experience and
replicates the realistic scenario by enhancing
the audio quality. Some of the components of home
audio equipment include shelf stereos, surround
sound receiver and a projection system. A new
research report by IMARC Group, titled Home
Audio Equipment Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2018-2023, estimates that the market was worth
US 17 Billion in 2017. The report further
anticipates the market to cross US 23 Billion by
2023, at a projected CAGR of more than 5 over
the forecast period.
4
Report Description and Highlights
Report Description
  • Market Drivers/Constraints
  • The primary factor for the growth of the home
    audio equipment market is a rise in the streaming
    of audio content via wireless systems, for
    instance, Bluetooth which can be connected to a
    portable device.
  • Further, a shift in the preferences of consumers
    towards a high-performance home theatre system
    and expanding need for an improved user
    experience are positively influencing the market
    growth.
  • With the development of the internet of things
    (IoT) technology worldwide, there has been a
    soaring demand for devices which are compatible
    with different devices. This has broadened the
    growth aspects of the global home audio equipment
    market.
  • Flourishing entertainment industry, increasing
    disposable incomes, urbanisation and
    industrialisation rates, technological
    advancements and product innovations by
    manufacturers are some of the other factors which
    are strengthening the demand for home audio
    equipment.
  • However, high audio frequency coming from home
    audio equipment may injure the inner ear
    structures and cause noise-induced hearing loss
    (NIHL) within the longer run. This acts as a
    major constraint for the growth of the home audio
    equipment market.
  • Read full report _at_ https//www.imarcgroup.com/home
    -audio-equipment-market

5
Report Description and Highlights
Report Description
Product Type Insights On the basis of type, the
market is segmented as Blu-ray and DVD players,
home theatre in-a-box (HTIB) and soundbars. Among
these, Blu-ray and DVD players currently exhibit
a clear dominance in the market.   Application
Insights Based on application, the major
segments include television and computers. Home
audio equipment is extensively used in television
as well as computers on account of its ability to
amplify the volume emitted by the standard device
and cater convenience as well as luxury within
the domestic sphere. Distribution Channel
Insights On the basis of distribution channel,
supermarkets and hypermarkets represent the
largest segment as they offer easy accessibility
and convenience to the consumers. They are
followed by specialty stores, convenience stores
and online stores. Regional Insights On a
geographical front, North America presently holds
the majority of the market share owing to the
inclination towards technologically advanced
entertainment products in the region. North
America is followed by Europe, Asia Pacific,
Middle East and Africa, and Latin
America. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
899flagB  
6
Report Description and Highlights
Report Description
  • Competitive Landscape
  • The market is highly concentrated with the
    presence of established manufacturers who compete
    in terms of prices. There is an intense
    competition in the market which makes it
    difficult for new entrants to survive. Some of
    the leading players operating in the market are
  • LG
  • Qualcomm
  • Sony Corporation
  • Yamaha Corporation
  • Bose Corporation
  • Browse more related reports
  • Home Security System Market https//www.imarcgrou
    p.com/home-security-system-market
  • Portable Generator Market https//www.imarcgroup.
    com/portable-generator-market


7
Report Description and Highlights
Report Description

2017 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
8

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