About Home Audio Products
Home audio systems are audio electronics projected for home entertainment use, such as shelf stereos. Surround sound receivers, which are mostly intended to improve the reproduction of a movie, are the most popular home audio device, the primary field of home audio is home cinema. Different type of audio device is available in the market which includes headphones, microphones, speakers, soundbars, and audio systems, radio tuners, and others. The range of transmission is determined by the type of radios that are being used, and things that can affect the transmission of radio waves.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Home Audio Products 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.
Sony Corporation (Japan), Sharp Corporation (Japan), Pioneer Corporation (Japan), Onkyo (Japan), Sanyo Electric Co. (Japan), Bose Corporation (United States), Panasonic (Japan), Dolby Laboratories Inc. (United States), Akai (Japan) and AKG (Austria) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Altec Lansin (United States), Audio Partnership, Plc (United Kingdom), Blaupunkt (Germany) and Boston Acoustics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Home Audio Products market by Type (Home Theater In-A-Box [Sound Speakers, Multi-Channel Amplifier, and Blu-ray Player], Home Audio Systems [Disc Players, CD/DVD Players, Cassette Deck, Rack System, MP3 Players, and Compact Audio Systems] and Home Radios) and Region.
On the basis of geography, the market of Home Audio Products 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 Distribution Channel, the sub-segment i.e. Online will boost the Home Audio Products 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 Audio Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand For Technologically Advanced Products and Flourishing E-commerce Sector globally
Market Growth Drivers:
Growing Consumer Preference for Better Quality Products and Rising Consumer Preferences for Portable, Compact and Easy to Use Devices
Challenges:
Rising Regulations Pertaining to Noise Levels and High Cost of Home Theatre Systems
Restraints:
High cost materials
Opportunities:
Increasing Use of Wireless Audio Devices
Market Leaders and their expansionary development strategies
In December 2023,Audio giant Harman, whose leading brands include AKG, Harman Kardon, Infinity, JBL, Lexicon, Mark Levinson, and Revel, has announced the acquisition of the music management, discovery, and streaming platform, Roon, adding the technology to its already vast audio lineup.
In May 2023,Skyball, the new-age consumer electronics brand focused on home audio and smart accessories, has announced the launch of its first home audio product line-up. Skyball’s first home audio range caters to the growing demand of music enthusiasts by providing them with a world-class audio listening experience.
Key Target Audience
Manufacturers of Home Audio Products, Suppliers of Home Audio Products, Wholesalers, Distributors and Retailers of Home Audio Products, Consumer Electronic Industry, Regulatory Bodies 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.