Asia Pacific Sub-Woofer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Car Audio, Home Audio, Cinema Sound, Sound Reinforcement, and Others) and End-user (Residential and Commercial)

Asia Pacific Sub-Woofer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Car Audio, Home Audio, Cinema Sound, Sound Reinforcement, and Others) and End-user (Residential and Commercial)

The sub-woofer market in APAC is expected to grow from US$ 384.74 million in 2021 to US$ 547.40 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028. Changing consumer lifestyles and shifting preference toward home theaters or home-based cinema halls among high-profile consumers in urban areas is driving the trend of home theaters. Consumers' preference for home entertainment and theatre solutions is due to the increasing prices of movie tickets. This trend has encouraged buyers to invest in high-quality speaker systems as they create a cinematic experience in their homes. Moreover, rising sales of large-screen television sets with high screen resolution and projectors have been improving the experience of consumers in their own homes. This trend is expected to promote the demand for sub-woofers in audio systems in the next few years.

The commercial segment led the APAC multimodal image fusion software market, based on end-user, in 2020. Sub-woofer are used across various commercial venues, including cinema halls, music theaters, museums, conference rooms, and business offices, and in heavily populated areas such as train stations, airports, college universities, retail spaces, and restaurants/bars. Furthermore, car sudio, cinema sound, sound reinforcements are the application which comes under commercial sectors. Growing exploration activities and developments related to audio systems and human-computer interface technology are likely to drive the sub-woofer market for the commercial segment.

China is the most crucial manufacturer and industrial producer since it trades more manufacturing goods than any other country in the world. According to the Organization for Economic Co-operation and Development (OECD), major economies other than China, such as huge South Korea, India, Australia, and Japan, have also suffered the effects of the pandemic. The manufacturing sectors in these countries have been reporting low production levels due to disrupted supply chains. However, the sudden shutdown of major economic activities in the region has highly impacted the media & entertainment sector as a majority of the population from India, China, Taiwan, South Korea, and other Asian countries have adopted OTT platforms to spend time when they are idle. This shift in trend has boosted the sub-woofer market as viewers prefer high-quality audio hardware for a better experience. Hence, the overall impact of COVID-19 on APAC region is low to moderate.

The APAC sub-woofer market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the APAC sub-woofer market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the APAC sub-woofer market. Dynaudio A/S, Harman International, JVC Kenwood Holdings Inc., K-Array, Klipsch Group Inc., LW Speakers Professional Sound Systems, Paradigm Electronics Inc., Pioneer India Electronics Pvt. Ltd., Sony Corporation, and SV Sound are among a few players operating in the market in this region.

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