About Home Theater Audio Systems
Home Theater Audio Systems are Audio Systems or Speaker Systems which are interconnected together through wired or wireless means. They come in various channels according to room size and the experience level expected by the consumers such as 2.1, 3.1, 5.1 and so on. With the rising disposable incomes of individuals and rising living standards the demand of home theatre systems has increased. Recent Pandemic has also changed the way people watch movies as many Movie Theaters were forced to close down, this led to many people making their own home theatre systems which increased the demand for home theatre audio systems. The Consumer Demand for Home Theater Audio Systems remain highest in North America and Europe, although the home theatre audio systems manufacturers are dominantly from Japan and South Korea, with other major brands from United States. Although Chinese manufacturers remain a major challenge because of their cheap home theatre audio system alternatives to relative expensive Japanese counterparts.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 19.7% |
The competition in the home theater audio system market is fierce, and brands are constantly innovating to stay ahead of the curve. Here are some of the key competitive strategies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sony Corporation (Japan), Pioneer Corporation (Japan), Bose Corporation (United States), Panasonic Corporation (Japan), Akai Electric Co. (Japan), Nakamichi Corporation (Japan), Sharp Corporation (Japan), Toshiba Corporation (Japan) and Koninklijke Philips N.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Boat (India), Harman Kardon (United States), LG (South Korea) and Yamaha Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Home Theater Audio Systems market by Type (Home Theater in a Box and DIY Home Theater), Application (Household Use and Commercial Use) and Region.
On the basis of geography, the market of Home Theater Audio 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 Sales Channel , the sub-segment i.e. Online will boost the Home Theater Audio 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. Wired will boost the Home Theater Audio Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Speaker Systems , the sub-segment i.e. Channel will boost the Home Theater Audio Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Innovation and Investments in High Speed Connectivity Technologies
Market Growth Drivers:
Rising Disposable Incomes, Easy Operability that is User Friendly Devices and Easy Inter Connectivity between Different Systems
Challenges:
Durability of Speakers Remain a Major Challenge to be addressed by the Manufacturers
Restraints:
Expensive Home Theater
Opportunities:
Rise of Television Sales as Both the Products are Complimentary and Recent Pandemic has Opens Huge Prospect for the Growth of this Industry
Market Leaders and their expansionary development strategies
In 2020, Sonos and Ikea announced a partnership to launch Symfonisk speakers, a line of speakers that seamlessly integrate into Ikea furniture. This collaboration aimed to make high-quality home theater audio more accessible and aesthetically pleasing.
In January 2023, Dolby announced the launch of Dolby Atmos for Headphones, a new technology that aims to deliver an immersive home theater-like experience through headphones
Key Target Audience
Home Theater Audio Systems Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
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.