Sound Bar Market to Record Steadfast Evolution Through 2021-2028
Market Size – USD 5,457.6 Million in 2020, Market Growth – at a CAGR of 7.3%, Market Trends – Improved living standards of consumers and rising disposable incomes
chhaya chavan
The global sound bar market revenue growth is primarily attributed to factors such as growing penetration of smart devices such as laptops, smartphones, smart TVs, and home audio systems, increasing accessibility of over-the-top (OTT) on-demand media streaming platforms such as Netflix, Amazon Prime, Apple TV+, and Hotstar/Disney+ worldwide, rapidly increasing number of OTT audio/video subscriptions, and growing demand for high-quality and fully immersive audio experience in indoor environments. Increasing demand for high-quality soundbars with next-generation features, including wireless connectivity and high compatibility with voice assistants like Alexa and Google Assistance, rising consumer demand for immersive home theater experiences, growing trend of on-demand music streaming and availability of various music streaming platforms including Spotify, JioSaavn, Apple Music, and Amazon Music, and rising disposable incomes of consumers, especially in developing countries like India and China, are other major factors contributing to revenue growth of the global sound bar market.
It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Sound Bar through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
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The report offers a panoramic view of the competitive landscape of the industry and a detailed analysis of the key players of the market based on their revenue, profit margins, financial standing, global market position, R&D activities, and product portfolio. It also covers their strategic endeavors such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions, among others. The key players profiled in the report are
- Bose Corporation
- boAt
- Edifier
- Harman International
- LG Electronics
- Panasonic Corporation
- Polk Audio
- Samsung Electronics Co. Ltd.,
- Sennheiser Electronic GmbH & Co. KG
- Sony Corporation
- Yamaha Corporation
- Plantronics, Inc.
- Koninklijke Philips N.V.
- Vizio Inc.
- TCL Corporation
- 2 Expect LLC
- Altec Lansing Inc.
- B & W Group Ltd.
Key Coverage of the Sound Bar Market:
- Insightful information regarding the global Sound Bar market
- Identification of growth in various segments and sub-segments of the Sound Bar market
- Strategic recommendations for investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Accelerates the decision-making process through the availability of the drivers and limitations
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For the purpose of this report, Emergen Research has segmented the sound bar market based on product type, connectivity, installation type, application, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Active Soundbar
- Passive Soundbar
Connectivity Outlook (Revenue, USD Million; 2018–2028)
- Wired
- HDMI Cable
- Optical Cable
- Coaxial Cable
- Others
- Wireless
- Wi-Fi
- Bluetooth
- Others
Installation Type Outlook (Revenue, USD Million; 2018–2028)
- Wall-mounted
- Table-top
Application Outlook (Revenue, USD Million; 2018–2028)
- Home Audio Systems
- Music Players
- TV Sets
- Computers
- Others
Regional Analysis of the Sound Bar Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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