About Home theater systems
Home theater is that the technology that brings experience into room. Today's home theaters enjoy far greater realism, drama and impact. Today the patron can get enjoy recent breakthroughs in electronics like progressive scan DVD players, flat-panel televisions and digital surround sound. The essential home theatre source component, a DVD player is additionally one in every of the most effective entertainment values today. It delivers digital picture quality that until recently would only have seen in an exceedingly TV broadcast studio. Home theater a mixture of audio and video electronic components is meant to come up with theater experience of watching movies reception. theater refers to an sound system that may be interconnected with any video or audio device like TV, DVD/Blu-ray player or the other sound systems. Recent Home theaters may be directly connected to PC i.e. may be operated with the assistance of the pc and innovative home theaters are available with the special facilities like Wi-Fi and Bluetooth connections.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 19.7% |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product. Analyst at AMA Research estimates that Asia Pacific Players will contribute the maximum growth to Global Home theater systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LG Electronics (South Korea), Panasonic (Japan), Bose (United States), Sony (Japan), Samsung Electronics (South Korea), Bowers & Wilkins (United Kingdom), Atlantic Technology (United States), Philips (Netherlands), Monitor Audio (United Kingdom), Pioneer (Japan), Toshiba (Japan), Sharp (Japan), Sonos (United States) and Harman (United States). are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Golden-ear Technology (United States), Definitive Technology (United States) and D&M (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Home theater systems market by and Region.
On the basis of geography, the market of Home theater systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. TV or Projector will boost the Home theater systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. NFC will boost the Home theater systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Home theater systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sound System Type, the sub-segment i.e. 5.1 will boost the Home theater systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
TV sets Without built-in Sound Systems will Increase Need for External Audio Systems and Easy Possibility of Connection with Portable Devices such as Tablets, Laptops, and Smartphones
Market Growth Drivers:
Increasing Number of Smart homes and Rising Necessity of Wireless Streaming of Audio Content
Challenges:
Limited Presence of Players May Hamper the Market and Lack of Awareness
Restraints:
Rapid Technological Innovation increases Necessity to Make rapid Changes and Huge Competition
Opportunities:
Rising Consumer Inclination Towards Superior Audio Effects and Arrival of Realistic and Innovative Home Audio Equipment
Market Leaders and their expansionary development strategies
In 2020, LG Electronics announced a partnership with Luxeul, a high-end speaker manufacturer, to develop premium audio solutions for LG's home theater systems. This partnership aimed to provide consumers with a more luxurious and immersive home theater experience.
In 2023, Samsung unveiled its new Neo QLED 8K home theater system featuring an innovative neural processing unit for enhanced picture quality and sound. This launch aimed to stay competitive in the high-end home theater market with the latest advancements in display and audio technology
Key Target Audience
Manufacturer, Raw material supplier, Distributors/ traders/ dealers, Channel Partners, Industry Association, Governments and investment communities and Research organizations and associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.