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, 2019-2026
ID:VMR11210040
January 2020
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 X,XXX.X MN (by revenue) in 2019 and is anticipated to reach USD X,XXX.X MN by 2026 with a CAGR of XX.X%. By volume, the market was estimated at XX.X Thousand Units in 2019 and is expected to reach XX.X Thousand Units by 2026 with a CAGR of X.X%.
 
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 End-User Market Share 2019
 
Soundbar Market By End-User
 
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.
 
Europe Soundbar Market By Revenue (USD MN)
 

 
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.
 
Major Company Players Market Share
 
Major Players of Soundbar Market
 
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 Soundbar Market
       2.2. Global Soundbar Market Snapshot
 
3 . SOUNDBAR – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Soundbar Market
       3.3. Market Restraints of Soundbar Market
       3.4. Opportunities of Soundbar Market
       3.5. Trends of Soundbar Market
       3.6. Porter’s Five Force Analysis of Soundbar Market
       3.7. Soundbar Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Type
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Soundbar Value Chain Analysis
       4.2. Soundbar Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Soundbar Raw Material Manufactures List
           4.2.3. Price Trend of Soundbar 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 . GLOBAL SOUNDBAR MARKET ANALYSIS BY TYPE
       5.1 Overview by Type
       5.2 Global Soundbar Market Analysis by Type
       5.3 Market Analysis of Version 2 by Regions
       5.4 Market Analysis of Version 2.1 by Regions
       5.5 Market Analysis of Version 5.1 by Regions
       5.6 Market Analysis of Other Version by Regions
 
6 . GLOBAL SOUNDBAR MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Soundbar Market Analysis by Application
       6.3 Market Analysis of Music Players by Regions
       6.4 Market Analysis of TV Sets by Regions
       6.5 Market Analysis of Computer System by Regions
       6.6 Market Analysis of Others by Regions
 
7 . GLOBAL SOUNDBAR MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Soundbar Market Estimate by Market Segment
           7.3.3. North America Soundbar Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Soundbar Market Estimate by Market Segment
           7.4.3. Europe Soundbar Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Soundbar Market Estimate by Market Segment
           7.5.3. Asia Pacific Soundbar Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Soundbar Market Estimate by Market Segment
           7.6.3. Latin America Soundbar Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Soundbar Market Estimate by Market Segment
           7.7.3. Middle East & Africa Soundbar Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa
 
8 . COMPETITIVE LANDSCAPE OF THE SOUNDBAR COMPANIES
       8.1. Soundbar Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF SOUNDBAR INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Bose Corporation
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Harman International Industries, Incorporated
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Philips Electronics
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. LG Electronics Inc.
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Panasonic Corporation
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Polk Audio
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Samsung Electronics Co., Ltd
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Sharp Electronics Corporation
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Sony Electronic Inc.
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
       9.12. Vizio Inc.
           9.12.1. Company Overview
           9.12.2. Financials
           9.12.3. Products
           9.12.4. Recent Developments
       9.13. Yamaha Corporation
           9.13.1. Company Overview
           9.13.2. Financials
           9.13.3. Products
           9.13.4. 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

  •  Global Soundbar Market Snapshot
  •  Drivers of The Global Soundbar Market Impact Analysis
  •  Restraints of The Global Soundbar Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  Global Soundbar Market Analysis by Type (Thousand Units)
  •  Global Soundbar Market Analysis by Type (USD MN)
  •  Global Soundbar Market Analysis in Version 2 by Geography (Thousand Units)
  •  Global Soundbar Market Analysis in Version 2 by Geography (USD MN)
  •  Global Soundbar Market Analysis in Version 2.1 by Geography (Thousand Units)
  •  Global Soundbar Market Analysis in Version 2.1 by Geography (USD MN)
  •  Global Soundbar Market Analysis in Version 5.1 by Geography (Thousand Units)
  •  Global Soundbar Market Analysis in Version 5.1 by Geography (USD MN)
  •  Global Soundbar Market Analysis in Other Version by Geography (Thousand Units)
  •  Global Soundbar Market Analysis in Other Version by Geography (USD MN)
  •  Global Soundbar Market Analysis by Application (Thousand Units)
  •  Global Soundbar Market Analysis by Application (USD MN)
  •  Global Soundbar Market Analysis in Music Players by Geography (Thousand Units)
  •  Global Soundbar Market Analysis in Music Players by Geography (USD MN)
  •  Global Soundbar Market Analysis in TV Sets by Geography (Thousand Units)
  •  Global Soundbar Market Analysis in TV Sets by Geography (USD MN)
  •  Global Soundbar Market Analysis in Computer System by Geography (Thousand Units)
  •  Global Soundbar Market Analysis in Computer System by Geography (USD MN)
  •  Global Soundbar Market Analysis in Others by Geography (Thousand Units)
  •  Global Soundbar Market Analysis in Others by Geography (USD MN)
  •  Global Soundbar Market by Geography (Thousand Units)
  •  Global Soundbar Market by Geography (USD MN)
  •  North America Soundbar Market Analysis by Type (Thousand Units)
  •  North America Soundbar Market Analysis by Type (USD MN)
  •  North America Soundbar Market Estimate by Application (Thousand Units)
  •  North America Soundbar Market Estimate by Application (USD MN)
  •  North America Soundbar Market Estimate by Country (Thousand Units)
  •  North America Soundbar Market Estimate by Country (USD MN)
  •  United State Soundbar Market Analysis by Type (Thousand Units)
  •  United State Soundbar Market Analysis by Type (USD MN)
  •  United State Soundbar Market Estimate by Application (Thousand Units)
  •  United State Soundbar Market Estimate by Application (USD MN)
  •  Rest of North America Soundbar Market Analysis by Type (Thousand Units)
  •  Rest of North America Soundbar Market Analysis by Type (USD MN)
  •  Rest of North America Soundbar Market Estimate by Application (Thousand Units)
  •  Rest of North America Soundbar Market Estimate by Application (USD MN)
  •  Europe Soundbar Market Analysis by Type (Thousand Units)
  •  Europe Soundbar Market Analysis by Type (USD MN)
  •  Europe Soundbar Market Estimate by Application (Thousand Units)
  •  Europe Soundbar Market Estimate by Application (USD MN)
  •  Europe Soundbar Market Estimate by Country (Thousand Units)
  •  Europe Soundbar Market Estimate by Country (USD MN)
  •  United Kingdom Soundbar Market Analysis by Type (Thousand Units)
  •  United Kingdom Soundbar Market Analysis by Type (USD MN)
  •  United Kingdom Soundbar Market Estimate by Application (Thousand Units)
  •  United Kingdom Soundbar Market Estimate by Application (USD MN)
  •  France Soundbar Market Analysis by Type (Thousand Units)
  •  France Soundbar Market Analysis by Type (USD MN)
  •  France Soundbar Market Estimate by Application (Thousand Units)
  •  France Soundbar Market Estimate by Application (USD MN)
  •  Germany Soundbar Market Analysis by Type (Thousand Units)
  •  Germany Soundbar Market Analysis by Type (USD MN)
  •  Germany Soundbar Market Estimate by Application (Thousand Units)
  •  Germany Soundbar Market Estimate by Application (USD MN)
  •  Rest of Europe Soundbar Market Analysis by Type (Thousand Units)
  •  Rest of Europe Soundbar Market Analysis by Type (USD MN)
  •  Rest of Europe Soundbar Market Estimate by Application (Thousand Units)
  •  Rest of Europe Soundbar Market Estimate by Application (USD MN)
  •  Asia Pacific Soundbar Market Analysis by Type (Thousand Units)
  •  Asia Pacific Soundbar Market Analysis by Type (USD MN)
  •  Asia Pacific Soundbar Market Estimate by Application (Thousand Units)
  •  Asia Pacific Soundbar Market Estimate by Application (USD MN)
  •  Asia Pacific Soundbar Market Estimate by Country (Thousand Units)
  •  Asia Pacific Soundbar Market Estimate by Country (USD MN)
  •  China Soundbar Market Analysis by Type (Thousand Units)
  •  China Soundbar Market Analysis by Type (USD MN)
  •  China Soundbar Market Estimate by Application (Thousand Units)
  •  China Soundbar Market Estimate by Application (USD MN)
  •  Japan Soundbar Market Analysis by Type (Thousand Units)
  •  Japan Soundbar Market Analysis by Type (USD MN)
  •  Japan Soundbar Market Estimate by Application (Thousand Units)
  •  Japan Soundbar Market Estimate by Application (USD MN)
  •  India Soundbar Market Analysis by Type (Thousand Units)
  •  India Soundbar Market Analysis by Type (USD MN)
  •  India Soundbar Market Estimate by Application (Thousand Units)
  •  India Soundbar Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Soundbar Market Analysis by Type (Thousand Units)
  •  Rest of Asia Pacific Soundbar Market Analysis by Type (USD MN)
  •  Rest of Asia Pacific Soundbar Market Estimate by Application (Thousand Units)
  •  Rest of Asia Pacific Soundbar Market Estimate by Application (USD MN)
  •  Latin America Soundbar Market Analysis by Type (Thousand Units)
  •  Latin America Soundbar Market Analysis by Type (USD MN)
  •  Latin America Soundbar Market Estimate by Application (Thousand Units)
  •  Latin America Soundbar Market Estimate by Application (USD MN)
  •  Latin America Soundbar Market Estimate by Country (Thousand Units)
  •  Latin America Soundbar Market Estimate by Country (USD MN)
  •  Brazil Soundbar Market Analysis by Type (Thousand Units)
  •  Brazil Soundbar Market Analysis by Type (USD MN)
  •  Brazil Soundbar Market Estimate by Application (Thousand Units)
  •  Brazil Soundbar Market Estimate by Application (USD MN)
  •  Rest of Latin America Soundbar Market Analysis by Type (Thousand Units)
  •  Rest of Latin America Soundbar Market Analysis by Type (USD MN)
  •  Rest of Latin America Soundbar Market Estimate by Application (Thousand Units)
  •  Rest of Latin America Soundbar Market Estimate by Application (USD MN)
  •  Middle East & Africa Soundbar Market Analysis by Type (Thousand Units)
  •  Middle East & Africa Soundbar Market Analysis by Type (USD MN)
  •  Middle East & Africa Soundbar Market Estimate by Application (Thousand Units)
  •  Middle East & Africa Soundbar Market Estimate by Application (USD MN)
  •  Middle East & Africa Soundbar Market Estimate by Country (Thousand Units)
  •  Middle East & Africa Soundbar Market Estimate by Country (USD MN)
  •  Middle East Soundbar Market Analysis by Type (Thousand Units)
  •  Middle East Soundbar Market Analysis by Type (USD MN)
  •  Middle East Soundbar Market Estimate by Application (Thousand Units)
  •  Middle East Soundbar Market Estimate by Application (USD MN)
  •  Africa Soundbar Market Analysis by Type (Thousand Units)
  •  Africa Soundbar Market Analysis by Type (USD MN)
  •  Africa Soundbar Market Estimate by Application (Thousand Units)
  •  Africa Soundbar Market Estimate by Application (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 (2019)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Soundbar Market Analysis by Type
  •  Global Soundbar Market Analysis in Version 2 by Region
  •  Global Soundbar Market Analysis in Version 2.1 by Region
  •  Global Soundbar Market Analysis in Version 5.1 by Region
  •  Global Soundbar Market Analysis in Other Version by Region
  •  Global Soundbar Market Analysis by Application
  •  Global Soundbar Market Analysis in Music Players by Region
  •  Global Soundbar Market Analysis in TV Sets by Region
  •  Global Soundbar Market Analysis in Computer System by Region
  •  Global Soundbar Market Analysis in Others by Region
  •  Global Soundbar Market by Volume And Revenue
  •  North America Soundbar Market by Volume And Revenue
  •  Europe Soundbar Market by Volume And Revenue
  •  Asia Pacific Soundbar Market by Volume And Revenue
  •  Latin America Soundbar Market by Volume And Revenue
  •  Middle East & Africa Soundbar Market by Volume And Revenue
  •  Recent Development in Soundbar Industry
  •  Company Market Share Analysis, 2019
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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