Middle East and Africa 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)

Middle East and Africa 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 MEA is expected to grow from US$ 7.43 million in 2021 to US$ 9.29 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The audio industry has witnessed a rise in demand for wireless audio devices, such as Bluetooth speakers and soundbars. The increasing use of Bluetooth speakers and similar devices among users is creating new revenue streams for the sub-woofer market players. The increased wireless streaming of audio content is also driving the growth of this market. Nowadays, most audio systems are equipped with connectivity features, such as Bluetooth and Wi-Fi. Wireless sound systems, such as smart speakers and sub-woofers, are small and occupy limited space compared to home theatre sub-woofers. Most portable devices, such as laptops, smartphones, and tablets, are implemented with Wi-Fi and Bluetooth chips, which allow the sub-woofer to run audio content wirelessly. In March 2021, Sonos partnered with Audi on the in-car hi-fi. Sonos introduced its latest speaker, the Sonos Roam, its first fully portable Bluetooth speaker that doubles as a full-fledged member of a Sonos system when within reach of a home Wi-Fi network. Thus, the growing consumer interest in technologically advanced audio devices is expected to create lucrative opportunities for the MEA sub-woofer market players during the forecast period.

The commercial segment led the MEA multimodal image fusion software market, based on end-user, in 2020. Sub-woofer are used across various commercial applications, including cinema, music, museum, conference rooms, business offices, in heavily populated areas like train stations, airports, and college universities, retail spaces, restaurants/bars, auditorium, concerts, AR/VR, and others. Furthermore, car sudio, cinema sound, sound reinforcements are the application which comes under commercial sectors. Growing exploration activities and developments related to audio system and human-computer interface technology are creating prominent opportunities for the commercial market. The continuous research & development and upgrades in the automotive sector propel the growth of the market. Additionally, the growing consumer interest in technologically advanced audio devices is expected to create a positive impact for the commercial sub-woofer market.

Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main MEA countries that faced the effects of COVID-19 on their economies. Moreover, recent nationwide lockdown across South Africa, Saudi Arabia, and the UAE also limited developments related to sub-woofer, and thus the region is expected to witness a slight decline in the market growth in the coming few months. On the contrary, the outbreak has compelled a large number of people to stay indoors, which has driven the demand for home theatres home in the Middle East and Africa, thereby fueling the sub-woofer market growth. Hence, the overall impact of COVID-19 on the MEA has been moderate.

The MEA 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 MEA 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 MEA 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., Sony Corporation, and SV Sound are among a few players operating in the market in this region.

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