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Global Soundbar Market 2017-2021

Global Soundbar Market 2017-2021

About Soundbar

A soundbar is a single cabinet loudspeaker that produces surround sound. It occupies minimal space and can be mounted on the wall. It eliminates the need for multiple sound boxes and any external wiring to interconnect satellite speakers. The growing adoption of soundbars has affected the sales of other home audio speakers, such as home theater systems and Blu-ray audio players.

Technavio’s analysts forecast the global soundbar market to grow at a CAGR of 16.18% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global soundbar market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of soundbars.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Soundbar Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bose
  • LG Electronics
  • Samsung Electronics
  • Sony
  • Yamaha
Other prominent vendors
  • Atlantic Technology
  • Bowers & Wilkins
  • Cambridge Audio
  • Definitive Technology
  • Denon Electronics
  • Edifier International
  • Focal-JMLab
  • Harman International Industries
  • JBL
  • JVCKenwood
  • Koninklijke Philips
  • Panasonic
  • Pioneer
  • Polk Audio
  • Qualcomm Technologies
  • Sennheiser
  • Sonos
  • Vizio
  • ZVOX
Market driver
  • Increase in number of smart homes
  • For a full, detailed list, view our report
Market challenge
  • Streaming limited to network range
  • For a full, detailed list, view our report
Market trend
  • Increase in multi-room streaming
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Soundbar Market 2017-2021

Technavio recognizes the following companies as the key players in the global soundbar market:

Other Prominent Vendors in the market are: Atlantic Technology, Bowers & Wilkins, Cambridge Audio, Definitive Technology, Denon Electronics, Edifier International, Focal-JMLab, Harman International Industries, JBL, JVCKenwood, Koninklijke Philips, Panasonic, Pioneer, Polk Audio, Qualcomm Technologies, Sennheiser, Sonos, Vizio, and ZVOX.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in multi-room streaming. The introduction of networked audio systems means the reduction in expense, efforts, and time, as all audio devices are wirelessly connected with technologies such as AirPlay, Bluetooth, or Wi-Fi. These technologies separate a system’s physical and logical connections, which means that a single network carries multiple channels, making it possible to make infrastructure changes relatively quickly and inexpensively. The growing trend of maintaining speakers in all rooms is supporting the growth of the speaker market.”

According to the report, one of the major drivers for this market is increase in number of smart homes. Many homes in developed nations such as the US and the UK are being remodeled to smart homes. A smart home consists of media and entertainment gadgets, consumer electronic devices, and other smart electronics that can interact with each other through a home network. The demand for smart homes is driven by the go green policy, energy saving requirements, need for convenience, and connectivity between different devices.

Further, the report states that one of the major challenges with wireless speakers is the limitation of streaming audio content up to the range of network extension. As these speakers work via the Bluetooth network, it is important for the network range to be strong and equally spread across all areas. If the network is strong in one room and weak in another room, the quality of sound reduces.

Companies Mentioned

Atlantic Technology, Bowers & Wilkins, Cambridge Audio, Definitive Technology, Denon Electronics, Edifier International, Focal-JMLab, Harman International Industries, JBL, JVCKenwood, Koninklijke Philips, Panasonic, Pioneer, Polk Audio, Qualcomm Technologies, Sennheiser, Sonos, Vizio, ZVOX.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Key regions in global soundbar market 2016 and 2021 (% share)
    • End-user segment
    • Base year and forecast period
    • Vendor segmentation
    • Summation error
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of global soundbar market
    • Product life cycle
      • Table Product life cycle of soundbars 2016 and 2021
    • Global soundbar market
      • Table Global soundbar market 2016-2021 ($ billions)
      • Table Global soundbar market in global speaker market 2016 (% revenue share)
      • Table Global soundbar market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by demography
    • Global soundbar market by demography
      • Table Global soundbar market by demography 2016 (% revenue share)
      • Table Global soundbar market by application 2016 (% share)
  • Buying criteria
    • Table Buying criteria for soundbars
  • Geographical segmentation
    • Global soundbar market by geography
      • Table Global soundbar market by geography 2016-2021 (% revenue share)
      • Table Global soundbar market by geography 2016-2021 (% shipment share)
      • Table Revenue comparison of global soundbar market by geography 2016-2021 ($ billions)
      • Table Shipment comparison of global soundbar market by geography 2016-2021 (millions of units)
      • Table CAGR comparison of global soundbar market by geography 2016-2021 (revenue)
      • Table CAGR comparison of global soundbar market by geography 2016-2021 (shipment)
    • Soundbar market in Americas
      • Table Soundbar market in Americas 2016-2021 ($ billions)
      • Table Soundbar market in Americas 2016-2021 (millions of units)
    • Soundbar market in EMEA
      • Table Soundbar market in EMEA 2016-2021 ($ billions)
      • Table Soundbar market in EMEA 2016-2021 (millions of units)
    • Soundbar market in APAC
      • Table Soundbar market in APAC 2016-2021 ($ billions)
      • Table Soundbar market in APAC 2016-2021 (millions of units)
  • Market attractiveness
    • Market attractiveness by geography
      • Table Market attractiveness by geography
  • Key leading countries
    • US
      • Table Soundbar market in US 2016-2021 ($ billions)
    • Japan
      • Table Soundbar market in Japan 2016-2021 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Evolution of Bluetooth technology
  • Vendor landscape
    • Competitive scenario
    • Key leading vendors
      • Table Bose: Business segmentation
      • Table LG Electronics: Business segmentation
      • Table Samsung Electronics: Business segmentation
      • Table Sony: Business segmentation
      • Table Yamaha: Business segmentation
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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