Home audio equipment market size to grow by USD 15,495.68 million between 2022 and 2027; Alphabet Inc., Amazon.com Inc., among others, identified as key vendors – Technavio

NEW YORK, May 2, 2023 /PRNewswire/ — The home audio equipment market size is set to grow by USD 15,495.68 million from 2022 to 2027, progressing at a CAGR of 11.33% during the forecast period. The research report focuses on top companies and crucial drivers, current growth dynamics, futuristic opportunities, and new product/project launches. Get a comprehensive report summary describing the market size and forecast along with research methodology. View a Sample Report

Vendor Landscape

The home audio equipment market is fragmented with the presence of many small and large vendors. The market consists of numerous competitors offering undifferentiated products. Vendors compete on several factors, such as product portfolio, quality of products, reliability of products, and other factors. Competition among the vendors is based on factors such as product quality, innovation, price, and operational cost. Some of the key vendors covered in the report include:

• Alphabet Inc. – The company offers home audio equipment such as Google Nest.
• Amazon.com Inc. – The company offers home audio equipment such as Amazon Echo Dot.
• Apple Inc. – The company offers home audio equipment such as HomePod mini and HomePod.
• Bose Corp. – The company offers home audio equipment such as Bose Smart Soundbar 900.
• Boston Acoustics Inc.
• Dolby Laboratories Inc.
• Edifier International Ltd.
• HP Inc.
• JVCKENWOOD Corp.
• Koninklijke Philips NV
• LG Corp.
• Masimo Corp.
• Panasonic Holdings Corp.
• Samsung Electronics Co. Ltd.
• Sharp Corp.
• Sonos Inc.
• VIZIO Holding Corp.
• VOXX International Corp.
• Yamaha Corp.
• Sony Group Corp.

To provide a deeper understanding of the competitive landscape, Technavio has profiled key players along with the study that categorizes the global market segmentation. View a Sample Report

Key Market Segmentation

• Type 
• Smart speakers
• Home theater system
• Sound bars

• Distribution Channel
• Offline
• Online

• Geography 
• North America
• The U.S.
• Canada
• Europe 
• The U.K.
• Germany
• France
• Rest of Europe
• APAC 
• China
• India
• South America
• Chile
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa

By type, the market growth in the smart speakers segment will be significant over the forecast period. The growth of the segment is driven by the increasing number of smart homes, the convenience of use, and the easy operability with the help of smartphones and laptops. In addition, factors such as increasing product launches and rising innovations in smart speakers also drive the growth of the segment.

Download a Sample Report Insights on the market contribution of various segments, including country- and region-wise data, historic data (2017 to 2021), and forecast market size (2023 to 2027) 

Regional Market Outlook

North America will account for 34% of the market growth during the forecast period. Studio chiefs and exhibitors in the region show greater interest in releasing movies within weeks of their theatrical debut. They target consumers that have set up home audio equipment systems at home and prefer watching newly released movies at their convenience for a minimal fee. This has expanded the market for home audio equipment market in North America. In addition, factors such as the high disposable income of the population and the presence of several well-established vendors drive the growth of the regional market.

For more key highlights on the regional market share of most of the above-mentioned countries. View a Sample Report

The home audio equipment market covers the following areas:

Market Dynamics

• Driver – The market is driven by the rapid adoption of home audio equipment. The growth in disposable income has increased consumer demand for higher-quality products. In addition, the rising number of smart homes and increased internet penetration have led to an increase in the adoption of home audio equipment. Moreover, the increased investment in indoor entertainment systems by Gen Z and Millennials; the integration of advanced technologies such as Spatial Studio, Networked Audio, and Sonar works: and rising incomes have increased the affordability of audio equipment. All these factors are driving the growth of the market in focus.
• Trend – Developments in audio devices are identified as the key trend in the market. Vendors in the market focus on innovations to introduce technologically advanced products. For instance, in January 2022, Boat’s parent company, Imagine Marketing, partnered with electronics manufacturing company Dixon Technologies to create a 50/50 joint venture to produce Bluetooth-enabled audio devices. The joint venture between the companies focuses on designing and producing wireless audio solutions in India. In addition, improvements in wireless technologies have increased comfort, convenience, and high-fidelity sound that can be accessed through online streaming content. It has increased the penetration of high-tech products among consumers, which is enabling vendors to sell more products. All these factors will positively influence the market growth.
• Challenge – The availability of counterfeit products is identified as a major challenge in the market. The market has several unauthorized dealers that sell counterfeit products of reputed brands, such as Sony, JBL, and SAMSUNG. The increased availability of such products is affecting the profit margins as well as the reputation of major brands. This, in turn, is negatively affecting the growth of the market in focus.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global home audio equipment market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global home audio equipment market 2017 – 2021 ($ million)

• 4.2 Type Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Smart speakers – Market size and forecast 2022-2027
• Exhibit 34: Chart on Smart speakers – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Smart speakers – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Smart speakers – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Smart speakers – Year-over-year growth 2022-2027 (%)

• 6.4 Home theater system – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Home theater system – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Home theater system – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Home theater system – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Home theater system – Year-over-year growth 2022-2027 (%)

• 6.5 Sound bars – Market size and forecast 2022-2027
• Exhibit 42: Chart on Sound bars – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Sound bars – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Sound bars – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Sound bars – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ million)
• Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 48: Chart on Distribution Channel – Market share 2022-2027 (%)
• Exhibit 49: Data Table on Distribution Channel – Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 50: Chart on Comparison by Distribution Channel
• Exhibit 51: Data Table on Comparison by Distribution Channel

• 7.3 Offline – Market size and forecast 2022-2027
• Exhibit 52: Chart on Offline – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Offline – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Offline – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Offline – Year-over-year growth 2022-2027 (%)

• 7.4 Online – Market size and forecast 2022-2027
• Exhibit 56: Chart on Online – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Online – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Online – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Online – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 60: Market opportunity by Distribution Channel ($ million)
• Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 UK – Market size and forecast 2022-2027
• Exhibit 95: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 Germany – Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Alphabet Inc. 
• Exhibit 115: Alphabet Inc. – Overview
• Exhibit 116: Alphabet Inc. – Business segments
• Exhibit 117: Alphabet Inc. – Key news
• Exhibit 118: Alphabet Inc. – Key offerings
• Exhibit 119: Alphabet Inc. – Segment focus

• 12.4 Amazon.com Inc. 
• Exhibit 120: Amazon.com Inc. – Overview
• Exhibit 121: Amazon.com Inc. – Business segments
• Exhibit 122: Amazon.com Inc. – Key news
• Exhibit 123: Amazon.com Inc. – Key offerings
• Exhibit 124: Amazon.com Inc. – Segment focus

• 12.5 Apple Inc. 
• Exhibit 125: Apple Inc. – Overview
• Exhibit 126: Apple Inc. – Business segments
• Exhibit 127: Apple Inc. – Key news
• Exhibit 128: Apple Inc. – Key offerings
• Exhibit 129: Apple Inc. – Segment focus

• 12.6 Bose Corp. 
• Exhibit 130: Bose Corp. – Overview
• Exhibit 131: Bose Corp. – Product / Service
• Exhibit 132: Bose Corp. – Key news
• Exhibit 133: Bose Corp. – Key offerings

• 12.7 Koninklijke Philips NV 
• Exhibit 134: Koninklijke Philips NV – Overview
• Exhibit 135: Koninklijke Philips NV – Business segments
• Exhibit 136: Koninklijke Philips NV – Key news
• Exhibit 137: Koninklijke Philips NV – Key offerings
• Exhibit 138: Koninklijke Philips NV – Segment focus

• 12.8 LG Corp. 
• Exhibit 139: LG Corp. – Overview
• Exhibit 140: LG Corp. – Business segments
• Exhibit 141: LG Corp. – Key offerings
• Exhibit 142: LG Corp. – Segment focus

• 12.9 Masimo Corp. 
• Exhibit 143: Masimo Corp. – Overview
• Exhibit 144: Masimo Corp. – Product / Service
• Exhibit 145: Masimo Corp. – Key offerings

• 12.10 Panasonic Holdings Corp. 
• Exhibit 146: Panasonic Holdings Corp. – Overview
• Exhibit 147: Panasonic Holdings Corp. – Business segments
• Exhibit 148: Panasonic Holdings Corp. – Key news
• Exhibit 149: Panasonic Holdings Corp. – Key offerings
• Exhibit 150: Panasonic Holdings Corp. – Segment focus

• 12.11 Samsung Electronics Co. Ltd. 
• Exhibit 151: Samsung Electronics Co. Ltd. – Overview
• Exhibit 152: Samsung Electronics Co. Ltd. – Business segments
• Exhibit 153: Samsung Electronics Co. Ltd. – Key news
• Exhibit 154: Samsung Electronics Co. Ltd. – Key offerings
• Exhibit 155: Samsung Electronics Co. Ltd. – Segment focus

• 12.12 Sharp Corp. 
• Exhibit 156: Sharp Corp. – Overview
• Exhibit 157: Sharp Corp. – Business segments
• Exhibit 158: Sharp Corp. – Key news
• Exhibit 159: Sharp Corp. – Key offerings
• Exhibit 160: Sharp Corp. – Segment focus

• 12.13 Sonos Inc. 
• Exhibit 161: Sonos Inc. – Overview
• Exhibit 162: Sonos Inc. – Product / Service
• Exhibit 163: Sonos Inc. – Key offerings

• 12.14 Sony Group Corp. 
• Exhibit 164: Sony Group Corp. – Overview
• Exhibit 165: Sony Group Corp. – Business segments
• Exhibit 166: Sony Group Corp. – Key news
• Exhibit 167: Sony Group Corp. – Key offerings
• Exhibit 168: Sony Group Corp. – Segment focus

• 12.15 VIZIO Holding Corp. 
• Exhibit 169: VIZIO Holding Corp. – Overview
• Exhibit 170: VIZIO Holding Corp. – Business segments
• Exhibit 171: VIZIO Holding Corp. – Key offerings
• Exhibit 172: VIZIO Holding Corp. – Segment focus

• 12.16 VOXX International Corp. 
• Exhibit 173: VOXX International Corp. – Overview
• Exhibit 174: VOXX International Corp. – Business segments
• Exhibit 175: VOXX International Corp. – Key offerings
• Exhibit 176: VOXX International Corp. – Segment focus

• 12.17 Yamaha Corp. 
• Exhibit 177: Yamaha Corp. – Overview
• Exhibit 178: Yamaha Corp. – Business segments
• Exhibit 179: Yamaha Corp. – Key offerings
• Exhibit 180: Yamaha Corp. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations 
• Exhibit 187: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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