What is Home Theatre Speakers Market?
Awareness for entertainment tools, electrical appliances, and other smart devices has been increased over the past few years. In addition to this, growing disposable incomes have increased the demand for leisure & entertainment products. Thus, the home theatre speakers market will show significant growth over the forecasted period. Home theatre speaker are the electronic devices which convert electrical signals to sound signals. However, introduction to technologically advanced soundbars, speakers and emotionally intelligent music systems might hamper the demand for home theatre speakers.
The market study is being classified by Type (Wired Type and Wireless Type), by Application (Use for TVs, Use for Computers and Others) and major geographies with country level break-up.
Bose Corporation (United States), Harman International Industries (United States), Yamaha Corporation (Japan), Sony Corporation (Japan), Intex Technologies (India) Ltd (India), LG Electronics Inc. (South Korea), Samsung Electronics (South Korea), Pioneer Corporation (Japan), VOXX International Corp (United States) and Sound United LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Koninklijke Philips N.V. (Netherlands), Bowers & Wilkins (United Kingdom), Bang & Olufsen (Denmark) and Braven LC (United States).
The Vendors having a strong hold in the market are Bose Corporation, Harman International Industries, Yamaha Corporation, Sony Corporation, and Intex Technologies Ltd.. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Home Theatre Speakers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Home Theatre Speakers market by Type, Application and Region.
On the basis of geography, the market of Home Theatre Speakers 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Government Support for In-House Manufacturing
- High Demand For Customized Home Theater Speakers Systems
Market Trend
- Growing Adoption of Wireless Home Theatre Audio Systems
- Fueling Demand of Multi-Room Audio Systems
Restraints
- Technologically Enhanced Portable Bluetooth Speakers can Act as Substitute
- Distribution Complexities Due to Oversized Packaging
Opportunities
- Upsurging Disposable Incomes across the Globe Favoring Demand for Leisure Products
- Introduction to Emotionally Intelligent Home Theatre Systems
Challenges
- Rising E-Waste Issues across the Globe Favoring Portable Speakers
- Home Theater Speaker Manufacturers show Slight Oligopoly
Market Leaders and some development strategies
On August 15th, 2018, Samsung Electronics has released two co-branded premium soundbars named HW-N950 and HW-N850, in collaboration with one of the renowned consumer audio brand, ‘Harman Kardon’. These soundbars are commercialized in the first week of August. In addition to this both, the HW-N950 and HW-N850 have featured Samsung and Harman Kardon’s logos to represent their new partnership.
On 28th August 2018, Bose Corporation has introduced its legendary home audio history with a new wireless smart speaker and two new smart soundbars— the Bose Home Speaker 500 for music, and the Bose Soundbar 700 and Soundbar 500 for music and home theater. Engineered from the ground up, the new Bose smart speaker and soundbars use the proprietary mic technology found in Bose headsets and headphones to hear commands better over louder listening levels. With Bluetooth, Wi-Fi, and Alexa built in, they deliver instant, easy access to millions of songs and tens of thousands of skills for information, entertainment, smart home control, and more.
Key Target Audience
Original Equipment Manufacturers, Investors and consultants, System Integrators, Research/Consultancy firms, Technology solution providers, IT Solution Providers and Others