This report provides exclusive insights into the COVID-19 impact on the Soundbar Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Soundbar Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Soundbar Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.