Global Home Audio Equipment Market 2024-2028
Technavio has been monitoring the home audio equipment market and is forecast to grow by USD 18967.8 mn during 2023-2028, accelerating at a CAGR of 12.34% during the forecast period. Our report on the home audio equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid adoption of home audio equipment, growth of smart homes, and demand for smart TVs.
Technavio's home audio equipment market is segmented as below:
By Distribution Channel
By Type
- Smart speakers
- Home theater system
- Sound bars
By Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the microphones segment as one of the prime reasons driving the home audio equipment market growth during the next few years. Also, development in audio devices and rising adoption of 4K content will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the home audio equipment market covers the following areas:
- Home audio equipment market sizing
- Home audio equipment market forecast
- Home audio equipment market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home audio equipment market vendors that include Alphabet Inc., Amazon.com Inc., Apple Inc., Bose Corp., Boston Acoustics Inc., DOLBY LABORATORIES INC., Edifier International Ltd., HP Inc., JVCKENWOOD Corp., Koninklijke Philips N.V., LG Corp., Masimo Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sharp Corp., Sonos Inc., Sony Group Corp., VIZIO Holding Corp., VOXX International Corp., and Yamaha Corp.. Also, the home audio equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.