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Home Theaters

Global Home Theaters Market to Reach $19 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Home Theaters estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$19 Billion by 2027, growing at a CAGR of 8% over the analysis period 2020-2027. Home Theatre In A Box Systems (HTIB), one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach US$11.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Sound Bars segment is readjusted to a revised 9.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 11.5% CAGR
The Home Theaters market in the U.S. is estimated at US$3.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027.

Component Systems Segment to Record 7.1% CAGR
In the global Component Systems segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$997.2 Million in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.9% CAGR through the analysis period.

Select Competitors (Total 70 Featured) -

• Atlantic Technology, Inc.
• B & W Group Limited
• Bose Corporation
• Definitive Technology
• Harman International Industries, Inc.
• Koninklijke Philips N.V.
• LG Electronics Inc.
• Logitech International SA
• Monitor Audio Ltd.
• Panasonic Corporation
• Pioneer Corporation
• Samsung Electronics Co., Ltd.
• Sharp Corporation
• Sonos, Inc.
• Sony Corporation
• The Quest Group dba GoldenEar Technology
• Yamaha Corporation

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