The global home audio equipment market is expected to reach USD 22.50 billion by 2020. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth.
Browse Detail Report With TOC @ http://www.hexareports.com/report/home-audio-equipment-market-analysis-by-product-home-theater-in-a-box-home-audio-systems-home-radios-and-segment-forecasts-to-2020/details
Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in digital technology with changing media options from conventional to latest systems is expected to be positively impact home audio equipment market growth over the next six years. High development cost and fear of hearing loss among the consumers may hamper market growth through the forecast period. Emergence of realistic immersive home audio equipment along with better internet connectivity offers a wide avenue to drive demand for the home audio equipment market.
Further key findings from the study suggest:
The home audio equipment market comprises products such as audio systems, home radios, Home Theater-in-a-box (HTiB) and other accessories. The home audio systems segment includes MP3 players, mini disc players, compact audio systems, cassette deck, rack system and CD/DVD players. HTiB products include 5.1, 6.1, 7.1 and 9.1 channels and the segment is expected to witness significant growth over the forecast period. This can be attributed to several benefits associated with this technology such as unrestricted mobility and high quality sound systems.
Widening consumer base in Asia Pacific markets owing to higher affordability and rapid urbanization trends is expected to significantly drive the home audio equipment industry. Demand for digital home radios driven by growing promotional activities is expected to drive regional market growth. The North American market is characterized by rise in unit sales of flat-panel HD TVs.
Request A Sample copy of This Report @ http://www.hexareports.com/sample/42550
Key companies operating in the market include Sony Corporation, Bose Corporation, LG Electronics, JVC KENWOOD Holdings Inc., Philips, Dolby Laboratories Inc. and Akai. Rising emphasis on vertical integration activities in order to obtain greater product reliability and optimized manufacturing throughput is estimated to be the major growth strategy.
For the purpose of this study, Grand View Research has segmented the global home audio equipment market on the basis of product and region:
Home Audio Equipment Product Outlook (Revenue, USD Billion, 2012 – 2020)
Home Theater in-a-Box
Home Audio Systems
Home Audio Equipment Regional Outlook (Revenue, USD Billion, 2012 – 2020)
China Electronic organ Industry 2016 Market Research Report:
China Harmonica Industry 2016 Market Research Report:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Address:Felton Office Plaza, 6265 Highway 9
Country: United States