According to the latest report by IMARC Group, titled “Soundbar: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” The global soundbar market grew at a CAGR of 19.5% during 2014-2019.
A soundbar, also known as media bar, is an oblong-shaped, slender device with built-in speakers that helps to create surround sound and stereo effect. It is designed to improve audio quality by acquiring minimal space and eliminating the need for multiple speakers and external wiring. A soundbar can be connected to various electronic devices, such as computers, laptops, televisions and music players.
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Market Trends
The global soundbar market is driven by the rising adoption of smart devices and the growing popularity of subscription-based media platforms, such as Amazon Prime and Netflix. The market is further facilitated by the introduction of 4K and 8K television technologies. Apart from this, the construction of smart homes and the integration of soundbars with voice assistants, such as Alexa and Google Assistance, have further escalated the installation of soundbars in residential spaces. Moreover, rapid digitalization, transformations in the music industry and technological advancements are some of the other factors that have resulted in the increased demand for soundbars across the globe.
Soundbar 2020-2025: Segmentation and Analysis of Top Keyplayers
Competitive Landscape
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these Key players include
- Bose Corporation
- Edifier
- Harman International Industries
- LG Electronics
- Panasonic Corporation
- Polk Audio
- Samsung
- Sennheiser Electronic GmbH & Co. KG
- Sony Corporation
- Yamaha Corporation
The report has segmented on the basis of type, installation method, connectivity, application and region
Breakup by Type:
- Wall-Mounted
- Tabletop
- Others
Breakup by Installation Method:
- Active Soundbar
- Passive Soundbar
- Others
Breakup by Connectivity:
- Wi-Fi
- Bluetooth
- Others
Breakup by Application:
- Home Audio
- Commercial
- Others
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Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Others
Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020- 2025)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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