According to Emergen Research, the global sound bar market size was USD 5,457.6 million in 2020 and is expected to reach USD 9,625.1 million in 2028 and register a revenue CAGR of 7.3% during the forecast period, 2021-2028. The global sound bar market revenue growth is primarily attributed to factors such as growing penetration of smart devices such as laptops, smartphones, smart TVs, and home audio systems, increasing accessibility of over-the-top (OTT) on-demand media streaming platforms such as Netflix, Amazon Prime, Apple TV+, and Hotstar/Disney+ worldwide, rapidly increasing number of OTT audio/video subscriptions, and growing demand for high-quality and fully immersive audio experience in indoor environments.
This all-encompassing report on the global sound bar market comprises of an executive summary that briefly describes the overall market, its drivers, restraints, prominent segments, and competitive landscape. Each part of the executive summary is distinctly explained in the report through individual chapters. The chapters comprise of precise calculations demonstrated through charts and graphs.
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Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key Players Profiled in the Report are:
- Bose Corporation
- boAt
- Edifier
- Harman International
- LG Electronics
- Panasonic Corporation
- Polk Audio
- Samsung Electronics Co. Ltd.,
- Sennheiser Electronic GmbH & Co. KG
- Sony Corporation
- Yamaha Corporation
- Plantronics, Inc.
- Koninklijke Philips N.V.
- Vizio Inc.
- TCL Corporation
- 2 Expect LLC
- Altec Lansing Inc.
- B & W Group Ltd.
For the purpose of this report, Emergen Research has segmented the sound bar market based on product type, connectivity, installation type, application, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Active Soundbar
- Passive Soundbar
Connectivity Outlook (Revenue, USD Million; 2018–2028)
- Wired
- HDMI Cable
- Optical Cable
- Coaxial Cable
- Others
- Wireless
- Wi-Fi
- Bluetooth
- Others
Installation Type Outlook (Revenue, USD Million; 2018–2028)
- Wall-mounted
- Table-top
Application Outlook (Revenue, USD Million; 2018–2028)
- Home Audio Systems
- Music Players
- TV Sets
- Computers
- Others
Regional Analysis of the Sound Bar Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Overview:
The research report on the Sound Bar market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Sound Bar business sphere.
Key Objectives of the Report:
- Analysis and estimation of the Sound Bar market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Sound Bar market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Thank you for reading our report. Please connect with us to know more about the report or for requesting the customization of the report. Our team will ensure the report is best suited to your requirements.
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