Global Hi-Fi System Market Analysis 2020

Global Hi-Fi System Market Analysis 2020

The Global Hi-Fi System market is expected to reach $21.44 billion by 2026 growing at a CAGR of 7.2% from 2018 to 2026. The HI-FI systems enable clients to meet the expectations of sound reproduction with better quality from digital systems such as CD, DVD, speakers and sound bars. HI-FI equipment have precise frequency response and less amount of noise and distortion.

High demand for infotainment services, increasing penetration of technologically advanced products and rising adoption of portable devices are driving the market growth. However, health issues pertaining to prolonged use of audio devices are restraining the market growth.

Based on application, the residential segment is going to have a lucrative growth during the forecast period due to the demand for wireless Hi-Fi audio products which are significantly gaining traction among consumers and high demand for smartphones, PCs, and tablets with wireless headphones and headsets.

The key vendors mentioned are Sony Corporation, Bose Corporation, Samsung Electronics, OPPO Digital, Yamaha Corporation, Koninklijke Phillips N.V., Apple Inc, Panasonic Corporation, LG Electronics, Tannoy Ltd, Onkyo Corporation, Harman International, Bowers and Wilkins, DEI Holdings Inc and Sonos Inc.

Systems Covered:
• Device
• Product

Connectivity Technologies Covered:
• Wireless
• Wired

Applications Covered:
• Commercial
• Residential
• Automotive

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period