Global Home Theatre Market, By Product (Home Theatre in a Box System (HTIB), Sound Bar, Component System, Component Separate), Component (Sound and Display Systems, Media Players, Storage Devices, Others), Technology (Wi-Fi, Bluetooth, NFC, Others), Channel Type (5.1 Channel, 6.1 Channel, 7.1 Channel, 9.1 Channel and Above), Sales Channel (Online/E-Commerce, Organized Retail Stores, Unorganized Retail Stores, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Home Theatre Market
Home theatre market will reach an estimated valuation of USD 28.96 billion by 2028, while registering this growth at a rate of 16.20% for the forecast period of 2021 to 2028. Home theatre market report analyses the growth, which is currently being growing due to the increasing levels of disposable income of the people.
Home theatre is a home entertainment system that typically consists of a large video TV such as a DVD player and VCR and a surround sound audio system to replicate the feeling of watching a movie in a theatre. A device that can be easily linked via Wi-Fi, NFC and Bluetooth technology to audio and video systems.
The growing number of population across the globe and their desire to spend more time on entertainment, increasing number of smart homes that are equipped with connected communication devices, introduction of advanced product which are compatible with the communication devices of the smart home, ability to stream audio content wirelessly are some of the important as well as major factors which will likely to accelerate the growth of the home theatre market in the projected timeframe of 2021-2028. On the other hand, growing demand for Blu-Ray’s high-definition (HD) playback system, rising preferences towards customized products, increasing demand consumer inclinations for portable devices, advancement in digital technology which will further contribute by generating immense opportunities that will led to the growth of the home theatre market in the above mentioned projected timeframe.
Compliance concern of operating frequency along with increasing preference of a segment of consumers for mobile devices, as many spend more time over smartphones and laptops for entertainment purposes which will likely to act as market restraints factor for the growth of the home theatre market in the projected timeframe mentioned above. Adverse Effect of audio equipment and Wi-Fi equipment along with increasing consumption of energy which will become the biggest and foremost challenge for the growth of the market.
This home theatre market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on home theatre market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Home Theatre Market Scope and Market Size
Home theatre market is segmented on the basis of product, component, technology, channel type, and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the home theatre market is segmented into home theatre in a box system (HTIB), sound bar, component system, and component separate.
- Based on component, the home theatre market is segmented into sound and display systems, media players, storage devices, and others.
- On the basis of technology, the home theatre market is segmented into Wi-Fi, bluetooth, NFC, and others.
- Based on channel type, the home theatre market is segmented into 5.1 channel, 6.1 channel, 7.1 channel, 9.1 channel and above.
- On the basis of sales channel, the home theatre market is segmented into online/e-commerce, organized retail stores, unorganized retail stores, and others.
Home Theatre Market Country Level Analysis
Home theatre market is analysed and market size, volume information is provided by country, product, component, technology, channel type, and sales channel as referenced above.
The countries covered in the home theatre market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the home theatre market due to the increased demand for high-quality audio and sound system among the users in the region. Asia-Pacific region is expected to hold the largest growth rate due to the rapid urbanization, increasing levels of disposable income of the people along with the adoption of innovative technologies such as voice control, wireless, and others.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Home Theatre Market Share Analysis
Home theatre market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to home theatre market.
The major players covered in the home theatre market report are Bose Corporation; HARMAN International.; Koninklijke Philips N.V.; LG Electronics.; Panasonic Corporation; Onkyo & Pioneer Corporation; SAMSUNG; SONY INDIA.; Yamaha Corporation.; Hometech Digital Pvt. Ltd.; Sound United; Bowers & Wilkins.; Creative Technology Ltd; SANYO.; DEFINITIVE TECHNOLOGY; The Quest Group dba GoldenEar Technology; Sonos Inc.; Sharp Corporation.; Monitor Audio Ltd; JVCKENWOOD Corporation; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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