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Home Audio Equipment Market Share

Report ID: GMI157
Published Date: Jul 2022
Report Format: PDF

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Home Audio Equipment Market Share

Key players operating in the home audio equipment market include

Amazon.com, Inc.
Apple Inc.
Blaupunkt GmbH
Bose Corporation
Bowers & Wilkins Group Ltd.
Creative Technology Ltd.
Edifier Technology Co., Ltd.
Google LLC
JVCKENWOOD Corporation
Koninklijke Philips N.V.
Sennheiser Electronic GmbH & Co. KG.
LG Corporation
Panasonic Corporation
Pioneer Corporation
Plantronics Inc.
Polk Audio
Samsung Electronics Co., Ltd.
Sonos, Inc.
Sony Corporation
VIZIO Inc.
Voxx International Corporation
Yamaha Corporation

The companies are engaged in product development & innovation activities to strengthen their product portfolios, offering highly optimized devices. For instance, in April 2022, Sonos, Inc. acquired Mayht Holding BV (Mayht), a developer of innovative solutions for audio transducers. These devices are fundamental components of speakers that generate sound. Mayht has reengineered them for lighter and smaller form factors without degrading the quality. Mayht plans to create a speaker technology that enables the packing of multiple components into smaller spaces with power savings. Market participants are focusing on enhancing competitive advantage and accelerating their future roadmap.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of home audio equipment was over USD 25 billion in 2021 and is anticipated to record a 10% CAGR with global industry shipments of up to 585 million units through 2030 due to the higher adoption of technologically advanced devices with different wireless technologies.

German home audio equipment industry is set to witness a growth rate of over 10% through 2030 impelled by the rising influx of 5G internet services for smooth functioning of the devices.

The home audio equipment industry in the U.S. from the online distribution channel segment is poised to strike a 15% CAGR through 2030 driven by the rising adoption of e-commerce platforms for purchasing entertainment devices.

APAC held close to 30% of the global home audio equipment industry revenue share in 2021 and will expand with higher acceptance of smart homes in India, Japan, and Australia.