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Soundbars Market Trends

  • Report ID: GMI4638
  • Published Date: Aug 2024
  • Report Format: PDF

Soundbars Market Trends

One of the most notable trends is the surging demand for compact, high-quality audio solutions that elevate the home entertainment experience, all while sidestepping the complexities of traditional surround sound systems. With a growing number of consumers turning to streaming services and high-definition content, there's an escalating demand for audio systems that provide an immersive sound experience, paralleling the visual quality of 4K and 8K televisions. Soundbars, known for their sleek designs and capability to produce powerful audio from a singular device, are rapidly becoming the go-to choice for numerous households.
 

Furthermore, as urban areas witness a trend towards smaller living spaces, soundbars' space-efficient design has only amplified their appeal. Another significant trend is the incorporation of smart technologies and cutting-edge features in soundbars. Today's soundbars frequently come with built-in voice assistants, such as Amazon Alexa and Google Assistant, empowering users to manage their audio systems and other smart home devices using just their voice.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of soundbars reached USD 6.9 billion in 2023 and is set to register 8.7% CAGR between 2024 and 2032, due to the changing consumer lifestyles and entertainment habits.

The 5-channel segment held USD 2.4 billion in 2023, owing to its ability to deliver an immersive, cinematic audio experience with enhanced surround sound effects.

North America market accounted for USD 2.2 billion in 2023, driven by increasing technological advancements and a strong interest in home entertainment.

Bose Corporation, Bowers & Wilkins, Denon, Harman International (JBL), Harman Kardon, Klipsch, LG Electronics Inc., Onkyo, Pioneer Corporation, Polk Audio, and Samsung Electronics Co., Ltd., among others.

Soundbars Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 20
  • Countries covered: 26
  • Pages: 80
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