Soundbars Market: by Type, Installation Method, Connectivity, Application, and Region (Global Industry Analysis and Forecast 2022-2027)

Soundbars Market size was valued at US$ 3.48 Billion in 2021 and the total Soundbars revenue is expected to grow at 9.5% from 2022 to 2027, reaching nearly US$ 6.0 Billion.

Soundbars Market Overview:

A soundbar often known as a speaker-bar is a type of wireless audio. A soundbar is a one- or two-piece speaker system that produces high-quality audio. It's utilized in conjunction with devices like television, laptop, PC, smartphone, music players, etc. A subwoofer is part of a two-piece soundbar system. Soundbars are used in places where freestanding speakers aren't possible. In a soundbar cabinet, various speakers are installed that can help generate a stereo effect, surround sound, or both. It improves the sound experience of customers without the difficulties of surround sound speakers, wiring, and other issues for the entire family theatre. Furthermore, television manufacturers provide soundbars that are tailored to meet the aesthetic of the television to which they are paired. Soundbars Market To know about the Research Methodology :- Request Free Sample Report In this report, the Hot Beverages market's growth reasons and the market's many segments (Type, Installation Method, Connectivity, Application, and Region) are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Soundbars Market situation.

Soundbars Market Dynamics:

The worldwide soundbar market is primarily driven by the rising popularity of subscription-based media platforms in emerging nations such as Amazon Prime and Netflix. Furthermore, rapid digitization combined with the growing usage of smart devices such as laptops, smartphones, smart TVs, and other smart devices has fueled the global demand for soundbars. Various technological advances have also resulted in the launch of newer and more innovative 4K and 8K television technologies which have boosted the market growth. Furthermore, the strong internet connectivity together with the soundbar's speedy integration with voice assistants including Alexa and Google Assistant has improved the product's capacity to stream wireless content, increasing the overall user experience. The need for appropriate media and entertainment gadgets like soundbars is being driven by the digital transformations in the music industry. They are producing robust sound with good bass responses. Furthermore, improving consumer living standards fueled by rising disposable income levels have increased demand for high-end and luxury consumer technology driving product demand even higher. Rapid globalization and urbanization in emerging nations have resulted in increased consumer electronics consumption and a higher number of product launches which is supporting the expansion of the soundbar market in these areas. Soundbars have also become more popular in residential areas as a result of different technological advancements and the growing construction of smart homes. Apart from that, the rising demand for soundbars from a variety of commercial sectors including hospitality, retail, corporate, and institution will continue to drive the global soundbar market forward in the coming years. However, rising limits on the use of the radiofrequency range by wireless sound systems as well as rising health risks associated with long-term usage of audio devices may hinder market expansion over the forecast period. The statistic shows the factory-level sales of soundbars in the United States from 2018 to 2021. In 2020, soundbar unit sales in the United States were estimated to be 8.96 million dollars. Soundbars Market

Soundbars Market Segment Analysis:

By Installation Method, The active soundbar system has an inbuilt amplifier that can be directly paired with television or any other device. They are more expensive than passive soundbars but they will give full value for money. Passive soundbars are devices that don’t have a built-in amplifier they must be coupled with an external amplifier or a home theatre receiver. The passive soundbar is generally less expensive because it lacks connectivity options as the other devices are paired with the main amplifier. However, the total cost of a passive soundbar arrangement might be quite high. By Connectivity, the BlueTooth segment accounted for more than 45% of total revenue in 2020. Bluetooth speakers have numerous and unique advantages. They connect wirelessly to your smartphone, tablet, or other devices so you won't need any extra cords or accessories to get them to operate. Most are also lightweight and portable and making them ideal for taking to the park, the beach, or anywhere else where a group of people would wish to listen to music together. By Application, In some commercial applications, soundbars enhance audio clarity. Advanced volume controls are included in commercial-grade soundbars, allowing for exact control over output levels. Commercial soundbars are made of better materials which makes them more durable, and simpler to clean and maintain. Soundbars Market

Soundbars Market Regional Insights:

North America dominates the soundbar market owing to increased adoption of subscription-based media platforms such as Amazon Prime and Netflix, fast digitization, and increased use of smart devices like laptops, smartphones, and smart TVs in this region. In the Asia Pacific region, Soundbars Market is expected to grow at a CAGR of 10.7% between 2021 and 2027. The soundbar market in Asia-Pacific is analyzed across the whole of Japan, China, India, Australia, and the rest of Asia Pacific. In the Asia-Pacific area, China dominates the soundbar market. The Chinese economy is booming at a steady pace, fueled by increases in industrial output, imports and exports, consumer spending, and capital investment. Furthermore, OEMs' increasing R&D expenditures for creating new and improved wireless audio devices are boosting the country's wireless audio device market. The objective of the report is to present a comprehensive analysis of the Soundbars Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Soundbars Market dynamics, and structure by analyzing the market segments and projecting the Soundbars Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Soundbars Market make the report investor’s guide.

Soundbars Market Scope: Inquiry Before Buying

Global Soundbars Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 3.48 Bn.
Forecast Period 2022 to 2027 CAGR: 9.5% Market Size in 2027: US $ 6.0 Bn.
Segments Covered: by Type • Wall-Mounted • Tabletop • Others
by Application • Home Audio • Commercial • Others
by Installation Method • Active Soundbar • Passive Soundbar • Others
by Connectivity • Wi-Fi • Bluetooth • Others

Soundbars Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Soundbars Market Key Players

• Samsung Group • Sony Corporation of America • Q Acoustics • Koninklijke Philips N.V. • Sonos, Inc. • Sound United, LLC. • FOCAL JMLAB • Bose Corporation • Polk Audio • LG Electronics • Yamaha Corporation • VIZIO, Inc. • MartinLogan, Ltd. • ZVOX Audio • Harman International Industries • Pioneer Electronics (USA) Inc. • Definitive Technology • Pyle Audio • Others FAQs: 1. What is the key driver of the Soundbars Market? Ans. The rising popularity of subscription-based media platforms in emerging nations such as Amazon Prime and Netflix are expected to fuel the worldwide soundbar market during the forecast period. 2. What is the restraint in the Soundbars Market during the forecast period? Ans. Rising limits on the use of the radiofrequency range by wireless sound systems as well as rising health risks associated with long-term usage of audio devices may hinder market expansion over the forecast period. 3. What is the projected market size & growth rate of the Soundbars Market? Ans. The Soundbars Market size was valued at US$ 3.48 Billion in 2021 and the total Soundbars revenue is expected to grow at 9.5% from 2022 to 2027, reaching nearly US$ 6.0 Billion. 4. What segments are covered in the Soundbars Market report? Ans. The segments covered are Type, Installation Method, Connectivity, Application, and Region.
1. Global Soundbars Market: Research Methodology 2. Global Soundbars Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Soundbars Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Soundbars Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Soundbars Market Segmentation 4.1 Global Soundbars Market, by Type (2022-2027) • Wall-Mounted • Tabletop • Others 4.2 Global Soundbars Market, by Application (2022-2027) • Home Audio • Commercial • Others 4.3 Global Soundbars Market, by Installation Method (2022-2027) • Active Soundbar • Passive Soundbar • Others 4.4 Global Soundbars Market, by Connectivity (2022-2027) • Wi-Fi • Bluetooth • Others 5. North America Soundbars Market(2022-2027) 5.1 North America Soundbars Market, by Type (2022-2027) • Wall-Mounted • Tabletop • Others 5.2 North America Soundbars Market, by Application (2022-2027) • Home Audio • Commercial • Others 5.3 North America Soundbars Market, by Installation Method (2022-2027) • Active Soundbar • Passive Soundbar • Others 5.4 North America Soundbars Market, by Connectivity (2022-2027) • Wi-Fi • Bluetooth • Others 5.5 North America Soundbars Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Soundbars Market (2022-2027) 6.1. European Soundbars Market, by Type (2022-2027) 6.2. European Soundbars Market, by Application (2022-2027) 6.3. European Soundbars Market, by Installation Method (2022-2027) 6.4. European Soundbars Market, by Connectivity (2022-2027) 6.5. European Soundbars Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Soundbars Market (2022-2027) 7.1. Asia Pacific Soundbars Market, by Type (2022-2027) 7.2. Asia Pacific Soundbars Market, by Application (2022-2027) 7.3. Asia Pacific Soundbars Market, by Installation Method (2022-2027) 7.4. Asia Pacific Soundbars Market, by Connectivity (2022-2027) 7.5. Asia Pacific Soundbars Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Soundbars Market (2022-2027) 8.1 Middle East and Africa Soundbars Market, by Type (2022-2027) 8.2. Middle East and Africa Soundbars Market, by Application (2022-2027) 8.3. Middle East and Africa Soundbars Market, by Installation Method (2022-2027) 8.4. Middle East and Africa Soundbars Market, by Connectivity (2022-2027) 8.5. Middle East and Africa Soundbars Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Soundbars Market (2022-2027) 9.1. South America Soundbars Market, by Type (2022-2027) 9.2. South America Soundbars Market, by Application (2022-2027) 9.3. South America Soundbars Market, by Installation Method (2022-2027) 9.4. South America Soundbars Market, by Connectivity (2022-2027) 9.5. South America Soundbars Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Samsung Group 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Sony Corporation of America 10.3 Q Acoustics 10.4 Koninklijke Philips N.V. 10.5 Sonos, Inc. 10.6 Sound United, LLC. 10.7 FOCAL JMLAB 10.8 Bose Corporation 10.9 Polk Audio 10.10 LG Electronics 10.11 Yamaha Corporation 10.12 VIZIO, Inc. 10.13 MartinLogan, Ltd. 10.14 ZVOX Audio 10.15 Harman International Industries 10.16 Pioneer Electronics (USA) Inc. 10.17 Definitive Technology 10.18 Pyle Audio 10.19 Others

About This Report

Report ID 88480
Category Consumer Goods & Services
Published Date March 2021
Updated Date April 2022
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