The Global Soundbar Market was valued USD 3.13 BN (by revenue) in 2018 and is anticipated to reach USD 6.31 BN by 2025 with a CAGR of 10.5% between 2019 and 2025. This new market study released by Value Market Research comprises of various soundbar industry aspects in detail, which will give a clear picture of the present and future market scenario. The analysis has been done on the basis of historical data of 2017, along with the estimated data for 2018 and forecast data up to 2025.
With the rising adoption of smart homes in emerging nations, the global soundbar market will experience huge growth in the specified timespan. Their usage has increased since the world has moved to flat-screen displays. Growing trend of multi-room streaming is another major factor that will drive the growth prospects for the soundbar industry. Also, advancements in the sound system along with the increasing number of players in the market are expected to intensify the industry growth over the forecast period.
The report "Global Soundbar Market Report By Type (Version 2, Version 2.1, Version 5.1, and Other Version), Application (Music Players, TV Sets, and Computer) And By Regions - Industry Trends, Size, Share Growth, Estimation, and Forecast, 2019-2025" presents detailed analysis on market dynamics that are projected to influence the industry growth.
The soundbar is a single cabinet loudspeaker which is designed to improve the audio system, they take up very little space and eliminate the need for multiple sound boxes. Soundbars entail several speakers in one long bar-shaped box and are much easier to set up than a full home cinema system. This high-end models come along with high-end audio kit with an add-on feature like more powerful amplifiers, better audio tuning, and advanced connectivity options.
Segmentation section covers type, application, and region. Type include version 2, version 2.1, version 5.1, and other version. Version 2.1 soundbar is gaining huge demand worldwide owing to its excellent sound quality. Application area covers music players, TV sets, and computer. Out of which, music players has emerged as the largest application area owing to rising trends of parties and events across the various organization including corporates, film industry, and others. Regional segmentation includes North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among the top five regions, North America is dominating the global soundbar market owing to the growing rate of events, parties, along with the presence of a large number of more youngsters who frequently visit clubs and lounges.
The Report Segments Global Soundbar Market -
Major Players Profiled in the report
Bose Corporation, Harman International Industries, Incorporated, Philips Electronics, LG Electronics Inc., Panasonic Corporation, Polk Audio, Samsung Electronics Co., Ltd, Sharp Electronics Corporation, Sony Electronic Inc., Vizio Inc. and Yamaha Corporation
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