Home Audio Equipment Market 2020 Industry Challenges, Business Overview and Forecast Research Study 2027

Home Audio Equipment Market 2020 Industry Challenges, Business Overview and Forecast Research Study 2027

The home audio equipment market is estimated to expand at a substantial rate on the back of robust demand for advanced audio-visual equipment and solutions. Increasing worldwide popularity of video-on-demand services has led consumers to use high-quality audio-visual equipment. More number of people are subscribing to services like Netflix and Amazon Prime, which is anticipated to fuel the demand for home audio equipment such as home theatres and soundbars.

Wireless communication technologies and wireless connected audio devices are witnessing substantial demand as they can be easily connected to other systems without the problem of wired cable links. Voice based assistant systems are also finding more popularity. Rising use of smart speakers in developing and developed nations is expected to boost industry outlook.

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The outbreak has also caused a reduction in the number of people visiting the physical retail stores. In addition, various offers and discounts provided by e-commerce companies encourage people to go ahead with the online purchase of home audio amplifiers and other products. Easy policies of replacement have also fostered the growth of the online retailing segment through the recent years.

The home audio equipment market is further driven by an increase in the demand for speakers owing to the escalating trend of AI-ready speakers at the global level. Numerous industry players are providing smart speakers that allow users to turn on lights, play music, and make reservations at restaurants. These smart speakers are combined with deep learning technology that recognizes sound patterns and other data, offering a user-friendly interface.

In fact, the United States recorded an upsurge of 32 per cent in the number of smart speaker users in the month of January 2019. The implementation of voice recognition technology in speakers helps users to utilize their voice for the provision of numerous commands to the system. Voice assistant technology focuses on the recognition of voice via natural language processing and performs tasks according to the command of the user.

List of the Key Companies that are Operating in the Home Audio Equipment Market. They are as follows:

DX-RAY Ltd., Adani Systems Inc., Analogic Corporation, Astrophysics Inc., Autoclear LLC, Eurologix Security Group Ltd., Gilardoni Spa, Kapri Corp, L-, Communications Security & Detection Systems, Leidos Holdings, Inc., MinXray, Inc., Nuctech Company Ltd., OSI Systems, Inc., Scanna MSC Ltd., Smiths Detection, Todd Research Ltd., Totalpost Ltd., Vanderlande, Vidisco Ltd., VJ Technologies Inc., Westminster International Ltd., YXLON International GmbH.

The North America home audio equipment market is projected to record appreciable growth through the analysis period, owing to the rising popularity of video-on-demand services in the region. In 2019, nearly 46 per cent of the broadband households in the U.S. subscribed to two or more OTT services. Prominent home audio equipment manufacturers, comprising The Walt Disney Company, Hulu, and Netflix, are dominating the video-on-demand industry in the region.

North America has also recorded an increase in the adoption of high-end home theater systems and home audio receivers for enjoying an improved viewing experience. Additionally, soundbars are enabling high-quality audio delivery, improving the audio-visual experience.

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Table Of Content:

Chapter 5   Home Audio Equipment Market, By Technology

5.1    Key trends by technology

5.2    Wired

5.2.1    Market estimates and forecast, 2016 – 2027

5.2.2    Market estimates and forecast, by product, 2016 – 2027

5.2.3    Speaker

5.2.4    Soundbar

5.2.5    Home Theater in a Box (HTiB)

5.2.6    Receiver

5.3    Wireless

5.3.1    Market estimates and forecast, 2016 – 2027

5.3.2    Market estimates and forecast, by product, 2016 – 2027

5.3.3    Speaker

5.3.4    Soundbar

5.3.5    Home Radio

5.3.6    Home Theater in a Box (HTiB)

5.3.7    Receiver

Chapter 6   Home Audio Equipment Market, By Distribution Channel

6.1    Key trends by distribution channel

6.2    Online

6.2.1    Market estimates and forecast, 2016 – 2027

6.3    Offline

6.3.1    Market estimates and forecast, 2016 – 2027

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