• Blog
  • Home Theater Audio Systems Market Report

    Home Theater Audio Systems Market Report

    Home Theater Audio Systems Market Report
    Report code - SR1508 Delivery - 2 Weeks
    Home Theater Audio Systems Market Growth, Trends, Dynamics & Market Insights: 2021-202 See more...

    Market Insights

    The Home Theater Audio Systems Market is expected to witness an impressive growth of 5.2% CAGR in the coming years.

    A growing number of smart homes which are equipped with connected communication devices is a key factor driving the product demand. The ability to stream audio content wirelessly has been augmenting the industry growth around the world as consumers have been adopting entertainment devices with Bluetooth and Wi-Fi connectivity. Moreover, these audio systems can be connected with portable devices such as laptops, smartphones, and tablets, which offers lucrative growth opportunities to the industry players.

    The COVID-19 outbreak has moderately affected the home theater audio systems industry. The ongoing COVID-19 pandemic has negatively influenced the housing sector and so product demand. This is mainly due to soaring coronavirus cases, the implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. The pandemic affected the communication infrastructure and consumer electronic sectors, thus affecting every stakeholder in the supply chain.

    What is a home theater audio system?

    Home theater is a combination of electronic components which is designed to recreate the experience of watching a movie in a theater. It consists of audio systems that are produced to give the same effect as we get in a cinema hall. Most audio systems are equipped with connectivity features such as Wi-Fi and Bluetooth.

    Key Players

    Key players operating in the home theater audio systems market are-

    • Bose Corporation (US)
    • Harman International Industries (US)
    • Yamaha Corporation (Japan)
    • Sony Corporation (Japan)
    • Intex Technologies (India) Ltd (India)
    • LG Electronics Inc. (South Korea)
    • Samsung Electronics (South Korea)
    • Pioneer Corporation (Japan)
    • VOXX International Corp (US)
    • Sound United LLC (US).

    Segment Analysis

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The coated paper market is segmented into the following categories-

    By Technology Type:

    • NFC
    • Bluetooth
    • Wi-Fi

    By Distribution Channel Type:

    • Offline
    • Online

    By Region:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Distribution Channel Trends

    The home theater audio systems market is classified as offline and online. The offline segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. The brick-and-mortar retailers offer installation and after-sale services by experts. Moreover, the availability of compatible products for audio equipment works as an advantage of these stores, which further bolsters segment growth. 

    Regional Analysis

    Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly attributed to rapid technological advancements, well-established consumer electronics in the region, and the large presence of product manufacturers. Also, the vast availability of resources and cheap labor encourages various multinational companies to set up their manufacturing plants in APAC, which further proliferates regional market growth.

    To know which region offers the best growth opportunities, Register Here

    Target Audience

    Here is the list of the group of customers that the home theater audio systems market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Home Theater Audio Systems Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The home theater audio systems market is expected to witness an impressive growth of 5.2% CAGR in the coming years.

    Bose Corporation (US), Harman International Industries (US), Yamaha Corporation (Japan), Sony Corporation (Japan), Intex Technologies (India) Ltd (India), LG Electronics Inc. (South Korea), Samsung Electronics (South Korea), Pioneer Corporation (Japan), VOXX International Corp (US), and Sound United LLC (US) are among the key players in the home theater audio systems market.

    A growing number of smart homes which are equipped with connected communication devices is the key factor driving the growth of home theater audio systems market.

    The offline segment is expected to register a healthy CAGR in the home theater audio systems market in the coming years.

    Asia-pacific accounted for the significant share in the home theater audio systems market in 2020.