Global Surround Soundbars Market Size study, by Channel Type (2 Channel, 3 Channel, 4 Channel, Above 5 Channel) and Regional Forecasts 2022-2032

Global Surround Soundbars Market Size study, by Channel Type (2 Channel, 3 Channel, 4 Channel, Above 5 Channel) and Regional Forecasts 2022-2032

Global Surround Soundbars Market was valued at approximately USD 8.29 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.29% over the forecast period 2024-2032. Surround Soundbars incorporates a single housing unit that contains multiple speakers, including both woofers and tweeters. Surround soundbars are engineered to deliver high-fidelity audio in a space-saving, streamlined design. They are recognized for their adaptability and can be effortlessly mounted on walls or positioned in front of the television. These devices are meticulously crafted to reproduce a broad spectrum of frequencies, ensuring a clear and well-balanced audio experience for diverse content genres, encompassing movies, music, and television programs.

The Global Surround Soundbars Market is driven by the increasing demand for an enhanced audio experience, rising demand for wireless streaming of audio content, and the use of AI and machine learning to improve dialogue clarity in surround soundbars across the world. These devices offer a sophisticated and space-efficient solution for high-quality audio, often incorporating multiple speakers and advanced technologies to deliver a rich, multi-dimensional soundscape. Additionally, the growing adoption of smart TVs and smart home devices is expected to provide lucrative opportunities for market growth during the forecast period. However, the high cost of premium surround soundbars is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Surround Soundbars Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In 2023, North America dominated the market share, attributed to the high penetration of smart homes and increasing consumer demand for high-quality audio systems. Furthemore, the Asia Pacific region is expected to grow at the fastest rate over the forecast period, owing to the rapid urbanization, increasing disposable incomes, and growing adoption of advanced entertainment systems within the region.

Major market players included in this report are:

Shenzhen Edifier Technology Co., Ltd.

Klipsch (VOXX International Corp.)

JBL

Bose Corporation

Sonos, Inc.

Masimo Corporation

Sennheiser Electronic GmbH & Co. KG

Samsung Electronics

Sony Corporation

LG Electronics

The detailed segments and sub-segment of the market are explained below:

By Channel Type:
• 2 Channel
• 3 Channel
• 4 Channel
• Above 5 Channel

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market