North America 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)

North America 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 North America is expected to grow from US$ 266.71 million in 2021 to US$ 346.81 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. Sub-woofers are an essential part of entertainment and other similar systems because most audio or home theatre system speakers cannot reproduce all audio source frequencies. Therefore, continuous technological innovations in home audio systems and increasing demand for high-performance home theaters are propelling the adoption of sub-woofers in these systems. Moreover, the rising application of wireless or Bluetooth speakers and home audio systems, upgraded with online connectivity via the internet for music and video content, is propelling the demand for Wi-Fi and Bluetooth speakers, thereby boosting the sub-woofer market growth. Frequent product developments and launches in the home application segment further contribute to the market. In 2021, Sonos announced the launch of a mini sub-woofer to boost the impact of home cinema. Sub-woofer systems are gaining traction with the increasing use of modern cinema and cinema technologies, such as Dolby Atoms and Roman Theater.

The North America multimodal image fusion software market, based on application, is segmented into car audio, home audio, cinema sound, sound reinforcement, and others; the others segment led the market in 2020. Applications of sub-woofers included under the others category are bass instruments amplification, full-range system, and other systems for outdoor events and commercial purposes. The rising number of outdoor events such as music concerts, DJ events, marriages, and festive events across different regions is contributing to the market growth of this segment. However, during the COVID-19 pandemic, many organizers had to cancel prescheduled outdoor events and put a pause on arranging such events amid strict lockdowns and stringent social restrictions enacted by governments. However, the reopening of public places across different regions in 2021 fueled the growth of the sub-wooder market for other applications in 2021.

North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovations and strengthen infrastructure capabilities. Hence, any impact on the growth of industries is expected to adversely affect the economic growth of the region. The shutdown of businesses and delays in procurement activities are affecting the supply chains. Partial restrictions on cargo and transport in early 2020 disrupted in raw material supply chains. Moreover, falling GDPs of various countries are hampering sub-woofer market growth in North America. The COVID-19 crisis has drastically upended operations across the value chains, from supplier networks to product delivery. The region has presence of several electronic component manufacturers, who provide advanced and innovative components for building sub-woofer systems. In addition, with the rising preference for entertainment at home due to closed cinema halls and theaters has fostered the demand for sub-woofer. Irrespective of the moderate effects on the demand die, the failure of manufacturers to meet the demands severely affected the sub-wooder market performance in 2020. However, in the coming years, the market is expected to experience significant growth opportunities owing to the rising demand for home theatre-based sub-woofer systems.

The North America 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 North America 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 North America 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 the key players operating in the market in this region.

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