Home Theater Audio Systems Market 2022
Semiconductor industry is looking for alternatives to silicon like nanomaterials and graphene to render higher performance coupled with efficiency. Plus, designing circuits through microbial components or manufacturing devices with recyclable and biodegradable electronics devices does facilitate the manufacturers to make use of fewer and safer raw materials. The Home Theater Audio Systems Market is likely to witness this constructive turbulence in the upcoming period.
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Global sales of home theatre audio systems will account for revenues worth US$ 9,954 Mn in 2017, according to a report by Persistence Market Research (PMR). PMR’s report projects the global home theatre audio systems market to register 5% CAGR through 2025. Global sales of home theatre audio systems are estimated to reach nearly US$ 15,000 Mn in revenues by 2025-end.
Multi-room audio systems, which enable to play songs through mobile application, are expected to pave huge opportunities for home theatre audio systems manufacturers. Integration of home audio systems with wearable devices have compelled manufacturers in developing smart and networked speakers.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Bose Corporation, Harman International Industries, Yamaha Corporation, Sony Corporation, Intex Technologies (India) Ltd, LG Electronics Inc., Samsung Electronics, Pioneer Corporation, VOXX International Corp, Sound United LLC, Koninklijke Philips N.V., Bowers & Wilkins, Pioneer Corporation, Bang & Olufsen, Braven LC, Sonos and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Home Theater Audio Systems.
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Key Takeaways from Findings of PMR’s Report on Global Home Theatre Audio Systems Market
- Low-range home theatre audio systems will remain sought after, based on price range. Sales of premium home theatre audio systems will register fastest growth in the market. In addition, revenues from sales of mid-range home theatre audio systems will remain comparatively higher than that of premium home theatre audio systems.
- Un-organized retail stores will remain the most lucrative sales channel for home theatre audio systems, expanding at the highest CAGR through 2027. Sales of home theatre audio systems in organized sales channel will account for revenues worth US$ 5,909.2 Mn by 2027-end.
- By technology, Bluetooth home theatre audio systems will remain dominant in the market, followed by Wi-Fi. In addition, sales of Wi-Fi and NFC home theatre audio systems are estimated to exhibit parallel expansion at 4.8% CAGR through 2027.
- More than 40 Mn units of 9.1 channel & above home theatre audio systems are expected to be sold by 2027-end, based on channel type. In terms of volume, sales of 6.1 channel home theatre audio systems will comparatively lower than other channel type segments in the market.
- North America will continue to be dominant in the global home theatre audio systems market, with sales poised to reach US$ 4,748.8 Mn by 2027-end. Asia-Pacific (APAC) will remain the second largest market for home theatre audio systems, closely followed by Europe. However, sales in Europe will exhibit a comparatively higher CAGR than APAC through 2027.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
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Key Stakeholders
Home Theater Audio Systems Market Manufacturers
Home Theater Audio Systems Market Distributors/Traders/Wholesalers
Home Theater Audio Systems Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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