Global Soundbar Market, By Type (Wall-Mounted, Table-Top, Others), Installation Method (Active Soundbars, Passive Soundbars, Others), Application (Home Audio, Commercial, Others), Product (2 Channel, 2.1 Channel, 5.1 Channel, Other), Technology (Bluetooth, Wi-Fi, AirPlay), 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
Soundbar market will grow at a rate of 3.50% for the forecast period of 2021 to 2028. Soundbar market report analyses the growth, which is currently being growing due to rising surge in global demand for infotainment devices.
Wireless audio is a type of wireless technology which is designed purely to stream varying audio files. A soundbar is also a type of wireless audio which is also known as a speaker-bar, it is a special speaker with multiple drivers, that is much wider than it is tall, and is always put above a computer monitor or under a television or home theatre screen. It helps in enhancing the sound experience of consumers, without complex matters of surround sound speakers, wiring, among others for whole family theatre.
Rising use of wireless audio devices in commercial sector is a vital factor responsible for the upliftment of the market growth, also rising research and development expenditure by OEMs for development of new and advanced wireless audio devices, rising penetration of subscription-based media platforms, such as Amazon Prime and Netflix, rapid digitalization, along with the increasing adoption of smart devices, such as laptops, smartphones, smart TVs, among others, rising various technological advancements have led to the introduction of newer and innovative 4K and 8K television technologies, thus increasing the demand for soundbars, increased internet connectivity, along with extensive integration of sound bar with voice assistants, such as Alexa and Google Assistance, has enhanced product ability for wireless content streaming and rising demand for the soundbars due to increasing disposable income are some of the prime factors among others driving the soundbar market. Moreover, rising number of product launches, numerous technological upgradations, along with the rapid construction of smart homes, currently moving beyond the era of using headphones for audio only and rising demand for home theatres and Lcds will further create new opportunities for soundbar market the in the forecast period mentioned above.
However, rising restrictions on the use of radio frequency spectrum by wireless audio equipment and rising health issues resulting from prolonged use of audio devices are the major factors among others which will obstruct the market growth, while rising effect of bandwidth constraints, coding delays, and bit errors on audio quality will further challenge the growth of soundbar market in the forecast period mentioned above.
This soundbar 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 soundbar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Soundbar Market Scope and Market Size
Soundbar market is segmented on the basis of type, installation method, product and technology. 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 type, the soundbar market is segmented into wall-mounted, table-top and others.
- Based on installation method, the soundbar market is segmented into active soundbars, passive soundbars and others.
- Based on product, the soundbar market is segmented into 2 channel, 2.1 channel, 5.1 channel and other.
- The soundbar market is also segmented on the basis of technology into Bluetooth, Wi-Fi and airplay.
Global Soundbar Market Country Level Analysis
Soundbar market is analysed and market size, volume information is provided by country, type, installation method, product and technology as referenced above.
The countries covered in the soundbar 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 soundbar market due to hiking penetration of subscription-based media platforms, such as Amazon Prime and Netflix, rapid digitalization, along with the increasing adoption of smart devices, such as laptops, smartphones, smart TVs, among others in this region. Asia-Pacific is the expected region in terms of growth in soundbar market due to advanced development and the rapid decline in prices in this region.
The country section of the soundbar market 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 Soundbar Market Share Analysis
Soundbar 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 soundbar market.
The major players covered in the soundbar market report are SAMSUNG, Sony Corporation, VOXX International Corp., Bose Corporation, DEI Holdings, Inc., Sennheiser electronic GmbH & Co. KG, VIZIO, Inc., Koninklijke Philips N.V., Shure Incorporated., Sonos Inc., Pure International Limited., Bowers & Wilkins, ZOUND INDUSTRIES., Dell, HP Development Company, L.P., inMusic, LLC., Klipsch Group, Inc., LOUD Audio, LLC., Monoprice, Inc, Yamaha Corporation and HARMAN International. 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.