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Global Home Audio Equipment Market 2015-2019

Global Home Audio Equipment Market 2015-2019

Market outlook of the global home audio equipment market

Home audio equipment generally includes audio devices like home theaters, soundbars, Blu-ray and DVD players, Hi-Fi systems, and speakers that are used for entertainment purpose. The global market for home audio equipment is expected to show strong growth during the forecast period and is envisaged to post a healthy CAGR of more than 10% during the forecast period.

Technavio’s market research analyst has estimated eminent factors, such as the wireless streaming of audio content, to drive market growth during the forecast period. Most audio systems are now equipped with wireless support such as Bluetooth and can wirelessly connect to portable devices like MP3 players, smartphones, tablets, and laptops. The ability of these devices to easily stream audio content wirelessly is expected to bolster the prospects for growth in this market during the forecast period.

Product-based segmentation of the home audio equipment market

  • Home theaters
  • Soundbars
  • Blu-ray and DVD players
In terms of unit shipment, market research analysts have estimated the Blu-ray and DVD players segment to account for more than 55% of the total market share by 2019. Since this segment consists of conventional products, its high awareness in both developed and developing countries is expected to impel growth in this segment during the forecast period.

Geographical segmentation of the home audio equipment market
  • APAC
  • Americas
  • EMEA
Geographically, APAC is estimated to be the only region to show strong growth during the forecast period. This region currently accounts for a mere 20% of the total market share, but factors like the increase in disposable income of the populace in APAC are expected to boost its market share in the next four years.

Competitive landscape and key vendors

This market is highly competitive due to the presence of numerous vendors who constantly strive to gain market prominence through product extensions. Vendors in this market compete on the basis of performance, innovation, product features, quality, low cost, selling price, distribution, and financial stability to gain maximum traction during the forecast period.

Key vendors in this market are -
  • Bose
  • LG
  • Qualcomm Technologies
  • Sony
  • Yamaha
Other prominent vendors are Altec Lansing, Arcelik, Atlantic Technology, Avnera, Bowers & Wilkins, D&M, Definitive Technology, GoldenEar Technology, Harman, JVC Kenwood, Koninklijke Philips, Leon Speaker, Logitech International, Monitor Audio, Panasonic, Pinnacle Speakers, Pioneer, Samsung, Sceptre, Sharp, Sonos, SpeakerCraft, Toshiba, Vizio, and Voxx International.

Key questions answered in the report include
  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global home audio equipment market?
  • What are the key market trends impacting the growth of the global home audio equipment market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global home audio equipment market?
  • What are the market opportunities and threats faced by the vendors in the global home audio equipment market?
  • Trending factors influencing the market shares of the EMEA, Americas, and APAC?
  • What are the key outcomes of the five forces analysis of the global home audio equipment market?
Technavio also offers customization on reports based on specific client requirement.

Related reports
  • Global Home Audio Market 2014-2018
  • Global Networked Audio Products Market 2015-2019
  • Global Home Entertainment Equipment Market 2012-2016
  • Home Entertainment Market in the US 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Home Audio Equipment Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Home Audio Equipment Market: Bose, LG, Qualcomm Technologies, Sony and Yamaha
Other Prominent Vendors in the market are: Altec Lansing, Arcelik, Atlantic Technology, Avnera, Bowers & Wilkins, D&M, Definitive Technology, GoldenEar Technology, Harman, JVC Kenwood, Koninklijke Philips, Leon Speaker, Logitech International, Monitor Audio, Panasonic, Pinnacle Speakers, Pioneer, Samsung, Sceptre, Sharp, Sonos, SpeakerCraft, Toshiba, Vizio, and Voxx International.
Commenting on the report, an analyst from Technavio’s team said: “The growing number of smart homes is a trend in the market. Many homes in developed nations such as the US and the UK are being revamped into smart homes, where, several electronic devices are connected to the home network and can interact with each other. Therefore, home audio systems play a major role in the functioning of smart homes as they replace the audio system in smart TVs and gaming consoles.”
According to the report, a rise in disposable incomes is a major driver of the market. As a result of the economic recovery worldwide, in countries such as the US, the UK, Germany, South Korea, China, and Singapore, the income level of consumers has increased, making it possible for the higher population to afford high-end audio devices.
Further, the report states that technological obsolescence is a major challenge witnessed in the market.

Companies Mentioned

Bose, LG, Qualcomm Technologies, Sony, Yamaha, Altec Lansing, Arcelik, Atlantic Technology, Avnera, Bowers & Wilkins, D&M, Definitive Technology, GoldenEar Technology, Harman, JVC Kenwood, Koninklijke Philips, Leon Speaker, Logitech International, Monitor Audio, Panasonic, Pinnacle Speakers, Pioneer, Samsung, Sceptre, Sharp, Sonos, SpeakerCraft, Toshiba, Vizio, Voxx International.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • End-user segments
    • Base year
    • Vendor segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Product life cycle
    • Market size and forecast
      • Table Global home audio equipment market 2014-2019 ($ billions)
      • Table Global home audio equipment market 2014-2019 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global home audio equipment market by product type
      • Table Global home audio equipment market by product type 2014 (unit shipment)
      • Table Global home audio equipment market by product type 2014-2015 (millions of units)
    • Global Blu-ray and DVD players market
      • Table Global Blu-ray and DVD players market 2014-2019 (millions of units)
    • Global home theaters market
      • Table Global home theaters market 2014-2019 (millions of units)
    • Global soundbars market
      • Table Global soundbars market 2014-2019 (millions of units)
  • Geographical segmentation
    • Global home audio equipment market by geography
      • Table Global home audio equipment market by geography 2014
  • Key leading countries
  • Market drivers
    • Table Per capita disposable income of leading countries 2009-2014 ($)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Competitive analysis
    • Other prominent vendors
  • Key vendor analysis
    • Bose
      • Table Bose: Product segmentation
    • LG
      • Table LG: Business segmentation by revenue 2014
      • Table LG: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table LG: Geographical segmentation by revenue 2014
    • Qualcomm Technologies
      • Table Qualcomm Technologies: Business segmentation by revenue 2014
      • Table Qualcomm Technologies: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table Qualcomm Technologies: Geographical segmentation by revenue 2014
    • Sony
      • Table Sony: Business segmentation by revenue 2015
      • Table Sony: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Sony: Geographical segmentation by revenue 2015
    • Yamaha
      • Table Yamaha: Business segmentation 2015 by revenue
      • Table Yamaha: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Yamaha: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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