What is Soundbars Market Scope?
The soundbar is a device which is known as the media bar. It is a type of loudspeaker with some special drivers. These soundbars are enclosed with multiple speakers which are placed in their cabinet which helps to create surround sound and stereo effect. These bars enhance the sound quality of an audio track and can be connected to any devices such as laptop, tablets, and smartphones, etc. Growing adoption of emerging television with great technologies will help to drive the market for soundbars.
Influencing Trend:
Increasing Multi-Room Streaming and Introduction of Networked Audio Systems Such as Bluetooth, And WI-FI
Market Growth Drivers:
Increasing Events and Parties in Various Industries such as Corporate, Sports, Film Industry, and Others, Increase in Number of Smart Homes and Rising Number of Dance Concerts Globally
Challenges:
Issue Related to the Size and Width of the Soundbar May Require Space Enough Space to be Placed
Restraints:
These Sound Bars Have Limited Network Range and Concern Related to Inbuilt Speakers in TV Sets
Opportunities:
Growing Strong Demand from Emerging Market like China and Japan and Rising Advancing Technologies and Government Policies to Uphold the Expansion of Soundbar Industries
The Soundbars market study is being classified by Type (Wall-mounted Type and Mobile Type), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States and China will contribute to the maximum growth of Global Soundbars market throughout the predicted period.
Samsung (South Korea), Vizio (United States), Yamaha (Japan), Sony (Japan), LG (South Korea), Philips (Netherlands), Panasonic (Japan), Sharp (Japan), Bose (United States) and Polk Audio (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Harman (United States), JVC (Japan), Sonos (United States), CANTON (China), Xiaomi (China) and Edifier (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Soundbars market by Type, Application and Region.
On the basis of geography, the market of Soundbars 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).
On 4th June 2019, Sony launched a product HT-S350 soundbar which consists of different features such as it has a 2.1 channel (2 speakers + 1 subwoofer) wireless speakers and has Sony DSP technology.
Key Target Audience
Soundbar Manufactures, Soundbar Distributors, Music Industries, Potential investors and Others
Soundbars Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Soundbars Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Soundbars industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.