Market Research Report

Global Soundbar Market Report By Type (Version 2, Version 2.1, Version 5.1, and Other Version), Application (Music Players, TV Sets, and Comp) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11210040
April 2021
Report Formats: Report Formats

The soundbar, also known as media bar is a type of loudspeaker. The soundbar enclosed multiple speakers that are placed in their cabinet which helps to create surround sound and stereo effect. The soundbar is used for enhancing the sound quality of audio tracks playing and it can be connected to devices such as computers, TV sets and music players etc. The soundbar market is gaining the momentum owing to its extremely superior features like stream & connect with other portable devices such as laptops, tablets, and smartphones. Additionally, the growing adoption of emerging television technologies such as 4K & 8K along with the reducing price of these devices is majorly diving the soundbar market growth. Moreover, innovation in technology is likely to provide numerous opportunities in untapped emerging economies.

As per Value Market Research, the Global Soundbar Market is expected was valued USD 2,840.5 MN (by revenue) in 2017 and is anticipated to reach USD 5,709.5 MN by 2024 with a CAGR of 10.5%. By volume, the market was estimated at XX.X Thousand Units in 2017 and is expected to reach XX.X Thousand Units by 2024 with a CAGR of X.X%.
 
VERSION 2.1 IS GAINING THE MOMENTUM IN THE SOUNDBAR MARKET
Version 2.1 soundbar is widely used across the globe owing to its best sound performance. Additionally, it is used as the center channel for delivering a powerful entertainment upgrade in music and movie. As per the study, Version 2.1 soundbar is estimated to generate USD XX.X MN revenue by the end of 2024.
 
MUSIC PLAYERS HELPS SOUNDBAR TO GAIN HIGHEST MARKET SHARE
Soundbar market includes computer systems, music players, TV sets, and other applications. The growing trend of events and parties in sports, corporates, film industry, theatres and others are fueling the demand for soundbar over the forecast period. The rising application of soundbar in music player industry is likely to fuel the enormous growth to the segment. It is estimated that the segment will generate USD XX.X MN revenue by the end of 2024.
 
NORTH AMERICA TO HOLD THE MAXIMUM SHARE
In 2017, North America accounted for the largest share in global soundbar market. It is estimated that it will generate revenue of USD XX.X MN by the end of 2024. The presence of huge number of young population is majorly driving the demand for soundbar market. Additionally, the rising disposable income along with the rising trend of house parties and get–together further fuel the demand in this region.
 
KEY PLAYERS OF GLOBAL SOUNDBAR MARKET
Bose Corporation, Harman International Industries, Incorporated, Philips Electronics, LG Electronics Inc., Panasonic Corporation, Polk Audio, Samsung Electronics Co., Ltd, Sharp Electronics Corporation, Sony Electronics Inc., Vizio Inc. and Yamaha Corporation are the major player driving the global soundbar market.

As per this study the Global Soundbar Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated at XX Thousand Units in 2021 and is expected to reach XX Thousand Units by 2028 with a CAGR of XX%.
 
A soundbar can be defined as the slim unit, with a number of built-in speakers jacketed together in a single enclosure. It consists of a special loudspeaker that produces sound from the cabinet. A soundbar was designed to improve the sound quality of the audio tracks without loads of wires. In order to modify its functionality, some manufacturers are producing its hybrid versions, where the functions of both, soundbar and stereo systems, are merged together in one device. Such soundbar represents Left, center, and right speakers, along with subwoofers, and rare-left and rear-right speakers.
 
The soundbar is widely used for enhancing the sound quality of audio tracks playing on TV sets, laptops or computers, mobile phones, and music players. The soundbar not only produces the 3D sound effects, but the use of latest technology makes it ideal for the production of even volume also. The technology has also resulted in the no or less wire concept, which ensures minimum one wire cord of the soundbar; and it looks forward to the easy connectivity with the built-in Bluetooth software or through the Wi-Fi.
 
Market Dynamics
 
Global soundbar market is primarily driven by strong demand from emerging market like China and Japan owing to the reduced in the cost of raw material associated to the soundbar. Another major factor such as advancing technologies and increasing disposable income to lift the expansion of the industry is also likely to provide enormous growth to the market.  Moreover, emerging technology and trends are likely to provide numerous opportunities in untapped emerging economies. Also, the increases in events and parties in various industries such as corporate, sports, film industry, and others are expected to drive the demand soundbar in near future. Furthermore, computer systems and television are also important accessories of global soundbar market that is expected to grow within the forecast period. However, However, inbuilt speakers in TV sets has remained one of the most important restraints for soundbar industry.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis, and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of soundbar.
 
Market Segmentation
 
The broad soundbar market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Type
  • Version 2
  • Version 2.1
  • Version 5.1
  • Other Version
 
By Application
  • Music Players
  • TV Sets
  • Computer System
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for soundbar in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Soundbar Market Share by Region (Representative Graph)
 
Global Soundbar Market Share
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the soundbar market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . SOUNDBAR – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Type
           3.7.2 Market Attractiveness Analysis By Application
           3.7.3 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL SOUNDBAR MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Version 2 Historic and Forecast Sales by Regions
       6.6 Version 2.1 Historic and Forecast Sales by Regions
       6.5 Version 5.1 Historic and Forecast Sales by Regions
       6.7 Other Version Historic and Forecast Sales by Regions
 
7 . GLOBAL SOUNDBAR MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Music Players Historic and Forecast Sales by Regions
       7.5 TV Sets Historic and Forecast Sales by Regions
       7.6 Computer System Historic and Forecast Sales by Regions
       7.7 Others Historic and Forecast Sales by Regions
 
8 . GLOBAL SOUNDBAR MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America Sales Analysis
           8.3.1. Overview, Historic and Forecast Data  Sales Analysis
           8.3.2. North America By Segment Sales Analysis
           8.3.3. North America By Country Sales Analysis
           8.3.4. United State Sales Analysis
           8.3.5. Canada Sales Analysis
           8.3.6. Mexico Sales Analysis
       8.4. Europe Sales Analysis
           8.4.1. Overview, Historic and Forecast Data  Sales Analysis
           8.4.2. Europe by Segment Sales Analysis
           8.4.3. Europe by Country Sales Analysis
           8.4.4. United Kingdom Sales Analysis
           8.4.5. France Sales Analysis
           8.4.6. Germany Sales Analysis
           8.4.7. Italy Sales Analysis
           8.4.8. Russia Sales Analysis
           8.4.9. Rest Of Europe Sales Analysis
       8.5. Asia Pacific Sales Analysis
           8.5.1. Overview, Historic and Forecast Data  Sales Analysis
           8.5.2. Asia Pacific by Segment Sales Analysis
           8.5.3. Asia Pacific by Country Sales Analysis
           8.5.4. China Sales Analysis
           8.5.5. India Sales Analysis
           8.5.6. Japan Sales Analysis
           8.5.7. South Korea Sales Analysis
           8.5.8. Australia Sales Analysis
           8.5.9. Rest Of Asia Pacific Sales Analysis
       8.6. Latin America Sales Analysis
           8.6.1. Overview, Historic and Forecast Data  Sales Analysis
           8.6.2. Latin America by Segment Sales Analysis
           8.6.3. Latin America by Country Sales Analysis
           8.6.4. Brazil Sales Analysis
           8.6.5. Argentina Sales Analysis
           8.6.6. Peru Sales Analysis
           8.6.7. Chile Sales Analysis
           8.6.8. Rest of Latin America Sales Analysis
       8.7. Middle East & Africa Sales Analysis
           8.7.1. Overview, Historic and Forecast Data  Sales Analysis
           8.7.2. Middle East & Africa by Segment Sales Analysis
           8.7.3. Middle East & Africa by Country Sales Analysis
           8.7.4. Saudi Arabia Sales Analysis
           8.7.5. UAE Sales Analysis
           8.7.6. Israel Sales Analysis
           8.7.7. South Africa Sales Analysis
           8.7.8. Rest Of Middle East And Africa Sales Analysis
 
9 . COMPETITIVE LANDSCAPE OF THE SOUNDBAR COMPANIES
       9.1. Soundbar Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF SOUNDBAR INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Bose Corporation
           10.3.1. Company Overview
           10.3.2. Company Revenue
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Harman International Industries
           10.4.1. Company Overview
           10.4.2. Company Revenue
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Incorporated
           10.5.1. Company Overview
           10.5.2. Company Revenue
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Philips Electronics
           10.6.1. Company Overview
           10.6.2. Company Revenue
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. LG Electronics Inc.
           10.7.1. Company Overview
           10.7.2. Company Revenue
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Panasonic Corporation
           10.8.1. Company Overview
           10.8.2. Company Revenue
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Polk Audio
           10.9.1. Company Overview
           10.9.2. Company Revenue
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Samsung Electronics Co. Ltd
           10.10.1. Company Overview
           10.10.2. Company Revenue
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Sharp Electronics Corporation
           10.11.1. Company Overview
           10.11.2. Company Revenue
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Sony Electronic Inc.
           10.12.1. Company Overview
           10.12.2. Company Revenue
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Vizio Inc.
           10.13.1. Company Overview
           10.13.2. Company Revenue
           10.13.3. Products
           10.13.4. Recent Developments
       10.14. Yamaha Corporation
           10.14.1. Company Overview
           10.14.2. Company Revenue
           10.14.3. Products
           10.14.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (Thousand Units and USD MN)
  •  Version 2 Market Sales by Geography (Thousand Units and USD MN)
  •  Version 2.1 Market Sales by Geography (Thousand Units and USD MN)
  •  Version 5.1 Market Sales by Geography (Thousand Units and USD MN)
  •  Other Version Market Sales by Geography (Thousand Units and USD MN)
  •  Analysis Market by Application (Thousand Units and USD MN)
  •  Music Players Market Sales by Geography (Thousand Units and USD MN)
  •  TV Sets Market Sales by Geography (Thousand Units and USD MN)
  •  Computer System Market Sales by Geography (Thousand Units and USD MN)
  •  Others Market Sales by Geography (Thousand Units and USD MN)
  •  Global Soundbar Market Sales by Geography (Thousand Units and USD MN)
  •  North America Market Analysis (Thousand Units and USD MN)
  •  United State Market Analysis (Thousand Units and USD MN)
  •  Canada Market Analysis (Thousand Units and USD MN)
  •  Mexico Market Analysis (Thousand Units and USD MN)
  •  Europe Market Analysis (Thousand Units and USD MN)
  •  Europe Market Estimate by Country (Thousand Units and USD MN)
  •  United Kingdom Market Analysis (Thousand Units and USD MN)
  •  France Market Analysis (Thousand Units and USD MN)
  •  Germany Market Analysis (Thousand Units and USD MN)
  •  Italy Market Analysis (Thousand Units and USD MN)
  •  Russia Market Analysis (Thousand Units and USD MN)
  •  Spain Market Analysis (Thousand Units and USD MN)
  •  Rest of Europe Market Analysis (Thousand Units and USD MN)
  •  Asia Pacific Market Analysis (Thousand Units and USD MN)
  •  China Market Analysis (Thousand Units and USD MN)
  •  Japan Market Analysis (Thousand Units and USD MN)
  •  India Market Analysis (Thousand Units and USD MN)
  •  South Korea Market Analysis (Thousand Units and USD MN)
  •  Australia Market Analysis (Thousand Units and USD MN)
  •  Rest of Asia Pacific Market Analysis (Thousand Units and USD MN)
  •  Latin America Market Analysis (Thousand Units and USD MN)
  •  Brazil Market Analysis (Thousand Units and USD MN)
  •  Argentina Market Analysis (Thousand Units and USD MN)
  •  Peru Market Analysis (Thousand Units and USD MN)
  •  Chile Market Analysis (Thousand Units and USD MN)
  •  Rest of Latin America Market Analysis (Thousand Units and USD MN)
  •  Middle East & Africa Market Analysis (Thousand Units and USD MN)
  •  Saudi Arabia Market Analysis (Thousand Units and USD MN)
  •  UAE Market Analysis (Thousand Units and USD MN)
  •  Israel Market Analysis (Thousand Units and USD MN)
  •  South Africa Market Analysis (Thousand Units and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Thousand Units and USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 
 LIST OF FIGURES
 
  •  Research Scope of Soundbar Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Soundbar Market Size, by Region (Thousand Units and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (Thousand Units and USD MN)
  •  Version 2 Market Sales by Geography (Thousand Units and USD MN)
  •  Version 2.1 Market Sales by Geography (Thousand Units and USD MN)
  •  Version 5.1 Market Sales by Geography (Thousand Units and USD MN)
  •  Other Version Market Sales by Geography (Thousand Units and USD MN)
  •  Global Market Analysis by Application (Thousand Units and USD MN)
  •  Music Players Market Sales by Geography (Thousand Units and USD MN)
  •  TV Sets Market Sales by Geography (Thousand Units and USD MN)
  •  Computer System Market Sales by Geography (Thousand Units and USD MN)
  •  Others Market Sales by Geography (Thousand Units and USD MN)
  •  Global Market Sales (Thousand Units and USD MN)
  •  North America Market Sales (Thousand Units and USD MN)
  •  Europe Market Sales (Thousand Units and USD MN)
  •  Asia Pacific Market Sales (Thousand Units and USD MN)
  •  Latin America Market Sales (Thousand Units and USD MN)
  •  Middle East & Africa Market Sales (Thousand Units and USD MN)
  •  Recent Development in Industry
  •  Top 10 Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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