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Wireless Soundbar Market Share

Report ID: GMI12573
Published Date: Dec 2024
Report Format: PDF

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Wireless Soundbar Market Share

Wireless Soundbar Market Global Company Share Analysis (2023)

The market is characterized by fragmentation, with numerous regional and global players employing diverse strategies to capture market share. Together these companies hold a market share of 25%-30% of the total market. The market players employ strategies like product innovation, competitive pricing, partnerships with TV manufacturers, online and offline distribution expansion, regional market penetration, and targeted advertising campaigns for growth.

Wireless Soundbar Market Companies

Major players operating in the market are:

Bose
Bowers & Wilkins
Klipsch
LG Electronics
Panasonic
Philips
Pioneer
Polk Audio (Sound United)
Samsung Electronics
Sennheiser
Sonos
Sony
TCL Technology Group
VIZIO
Yamaha

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global wireless soundbar industry was valued at USD 4.9 billion in 2023 and is estimated to grow at a CAGR of 8.6% from 2024 to 2032, driven by the increasing adoption of smart TVs and home entertainment systems.

The 5-channel soundbar segment held a revenue of USD 1.6 billion in 2023 and is anticipated to grow at a CAGR of 8.9% during the forecast period, reflecting a growing demand for immersive audio systems without a full-scale home theater setup.

The U.S. dominated the North American wireless soundbar market with an 88.4% share in 2023 and is expected to grow at a CAGR of 8.5%, driven by its advanced consumer electronics industry and high demand for home entertainment systems.

Key players in the market include Bose, Bowers & Wilkins, Klipsch, LG Electronics, Panasonic, Philips, Pioneer, Polk Audio (Sound United), Samsung Electronics, Sennheiser, and Sonos.