The major core factors driving the soundbar market is the change in the consumption of media i.e. from offline to online. The rise in penetration of subscription-based platforms such as Netflix or Amazon Prime is adding the growth of soundbar because the soundbar provides an enhanced sound quality to the viewers. Also, integration of voice assistance technology in the soundbar is likely to drive the soundbar market during the forecast period.
MARKET DYNAMICS
The main reason behind using the soundbar is their ability to stream audio content wirelessly and enhance the overall experience. Also, the integration of voice assistants such as Google, Amazon, etc. is rising the experience of the consumers. Moreover, increasing the number of smart homes that are equipped with connected communication devices is boosting the market for home theatre, which in result also drives the soundbar market.
MARKET SCOPE
The "Global SOUNDBAR Market Analysis to 2028" is a specialized and in-depth study of the Soundbar market with a special focus on the global market trend analysis. The report aims to provide an overview of Soundbar market with detailed market segmentation by type, and distribution channel. The global Soundbar market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Soundbarmarket player and offers key trends and opportunities in the Soundbarmarket.
MARKET SEGMENTATION
The global soundbar market is segmented on the basis of type, and distributions channel. On the basis type, market is segmented as 2.1 Channel, 5.1 Channel, and 7.1 Channel. On the basis of distribution channel, market is segmented as online, and offline.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global soundbar market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soundbar market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting soundbar market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the soundbar market in these regions.
MARKET PLAYERS
The reports cover key developments in the soundbar market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from soundbar market are anticipated to lucrative growth opportunities in the future with the rising demand for soundbar market. Below mentioned is the list of few companies engaged in the SOUNDBARmarket.
The report also includes the profiles of key soundbar market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Polk Audio
- Bose Corporation
- Onkyo Corporation
- Pioneer Corporation
- Plantronics, Inc.
- Sennheiser Electronic GmbH and Co. KG
- Sentry Industries, Inc
- TCL Corporation
- LG Electronics Inc
- Samsung Electronics Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.