A recent report published by Infinium Global Research on soundbar market provides in-depth analysis of segments and sub-segments in the global as well as regional soundbar market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional soundbar market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global soundbar market. According to the report, the global soundbar market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Nowadays, a smart home comprises of media and entertainment gadgets, consumer electronic devices, and other smart electronics that can interact with each other through a home network. Soundbars were primarily designed to produce strong sound with good bass response. The use of soundbar has increased steadily as the world has moved to flat-screen displays. Previously, CRT-based television sets and display units were bigger in size and facilitating larger speakers with good response. The depth of the screen is reduced dramatically with the introduction of flat-screen televisions. Manufacturers such as Bose, Pioneer, Polk, and Yamaha are leaders in the high-performance soundbar segment. Soundbars also eliminates the concern of inherent audio loss.
Increasing disposable income is the major driving factor for the soundbar market. The soundbar is used for enhancing the sound quality of audio tracks playing and it can be connected to devices such as computers, TV sets and music players, etc. Furthermore, factors such as technological advancement, increasing adoption of smart homes in the developing countries, and growing adoption of emerging television technologies such as 4K & 8K are other driving factors for the market growth. The strong demand from the emerging market such as China and Japan owing to the reduced in the cost of raw material associated with the soundbar is fueling the growth of the soundbar market. However, inbuilt speakers in TV sets is hindering the market growth. Moreover, emerging technology and trends in soundbars are anticipated to provide numerous opportunities in untapped emerging economies.
Geographically, North America dominates the global soundbar market due to large technological advancement and high adoption of soundbars in this region. Europe is the second-largest market for soundbars owing to the rising number of smart homes. Asia-Pacific is expected to grow at healthy CAGR in the forecasted period due to rising disposable income.
The report on global soundbar market covers segments such as applications. On the basis of applications, the sub-markets include music players, TV sets, computer system, and other applications.
The report provides profiles of the companies in the market such as Harman International Industries, Inc., Philips Electronics, Bose Corporation, LG Electronics Inc., Panasonic Corporation, Polk Audio, Samsung Electronics Co., Ltd, Vizio Inc., Sharp Electronics Corporation, Sony Electronic Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of soundbar market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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