by 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.
This report on sound bar market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2020 to 2028. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
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Companies in the Global Sound Bar Market Include:
- 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.
Overview of the Sound Bar Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the Sound Bar industry
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 Segmentation;
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)
Market Dynamics:
The report offers insightful information about the market dynamics of the Sound Bar market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Sound Bar market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Sound Bar market.
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