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Published: Feb, 2015 | Pages:
79 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)
The global home audio equipment market is expected to reach USD 22.50 billion by 2020. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth.
Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in digital technology with changing media options from conventional to latest systems is expected to be positively impact home audio equipment market growth over the next six years. High development cost and fear of hearing loss among the consumers may hamper market growth through the forecast period. Emergence of realistic immersive home audio equipment along with better internet connectivity offers a wide avenue to drive demand for the home audio equipment market.
Further key findings from the study suggest:
The home audio equipment market comprises products such as audio systems, home radios, Home Theater-in-a-box (HTiB) and other accessories. The home audio systems segment includes MP3 players, mini disc players, compact audio systems, cassette deck, rack system and CD/DVD players. HTiB products include 5.1, 6.1, 7.1 and 9.1 channels and the segment is expected to witness significant growth over the forecast period. This can be attributed to several benefits associated with this technology such as unrestricted mobility and high quality sound systems.
Widening consumer base in Asia Pacific markets owing to higher affordability and rapid urbanization trends is expected to significantly drive the home audio equipment industry. Demand for digital home radios driven by growing promotional activities is expected to drive regional market growth. The North American market is characterized by rise in unit sales of flat-panel HD TVs.
Key companies operating in the market include Sony Corporation, Bose Corporation, LG Electronics, JVC KENWOOD Holdings Inc., Philips, Dolby Laboratories Inc. and Akai. Rising emphasis on vertical integration activities in order to obtain greater product reliability and optimized manufacturing throughput is estimated to be the major growth strategy.
For the purpose of this study, Grand View Research has segmented the global home audio equipment market on the basis of product and region:
Home Audio Equipment Product Outlook (Revenue, USD Billion, 2012 - 2020)
Home Theater in-a-Box
Home Audio Systems
Home Radios
Others
Home Audio Equipment Regional Outlook (Revenue, USD Billion, 2012 - 2020)
North America
Europe
Asia Pacific
RoW
Table of Contents
Chapter 1. Executive Summary 1.1. Home Audio Equipment - Industry Summary and Critical Success Factors (CSFs) Chapter 2. Home Audio Equipment Industry Outlook 2.1. Market Segmentation 2.2. Market Size and Growth Prospects 2.3. Home Audio Equipment Value Chain Analysis 2.4. Home Audio Equipment Market Dynamics 2.4.1. Market Driver Analysis 2.4.2. Market Restraint Analysis 2.5. Key Opportunities Prioritized 2.6. Industry Analysis - Porter's 2.7. Home Audio Equipment - Company Market Share Analysis, 2013 2.8. Home Audio Equipment Market PESTEL Analysis, 2013 Chapter 3. Home Audio Equipment Product Outlook 3.1. Home Theater in-a-box 3.1.1. Global market estimates and forecasts, (USD Billion), 2012 - 2020 3.2. Home Audio Systems 3.2.1. Global market estimates and forecasts, (USD Billion), 2012 - 2020 3.3. Home Radios 3.3.1. Global market estimates and forecasts, (USD Billion), 2012 - 2020 3.4. Others 3.4.1. Global market estimates and forecasts, (USD Billion), 2012 - 2020 Chapter 4. Home Audio Equipment Regional Outlook 4.1. North America 4.1.1. Home Audio Equipment market by product, (USD Billion), 2012 - 2020 4.2. Europe 4.2.1. Home Audio Equipment market by product, (USD Billion), 2012 - 2020 4.3. Asia Pacific 4.3.1. Home Audio Equipment market by product, (USD Billion), 2012 - 2020 4.4. RoW 4.4.1. Home Audio Equipment market by product, (USD Billion), 2012 - 2020 Chapter 5. Competitive Landscape 5.1 Akai Electric Co 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Audio Partnership Plc 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 Bose Corporation 5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 Dolby Laboratories Inc. 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 DTS Inc. 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 Harman International Industries 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 Intex 5.7.1 Company Overview 5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 JVC Kenwood Holdings Inc 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 LG Electronics Inc 5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 Nakamichi Corporation 5.10.1 Company Overview 5.10.2 Financial Performance 5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives 5.11 Niles Audio 5.11.1 Company Overview 5.11.2 Financial Performance 5.11.3 Product Benchmarking 5.11.4 Strategic Initiatives 5.12 Onkyo 5.12.1 Company Overview 5.12.2 Financial Performance 5.12.3 Product Benchmarking 5.12.4 Strategic Initiatives 5.13 Panasonic 5.13.1 Company Overview 5.13.2 Financial Performance 5.13.3 Product Benchmarking 5.13.4 Strategic Initiatives 5.14 Philips 5.14.1 Company Overview 5.14.2 Financial Performance 5.14.3 Product Benchmarking 5.14.4 Strategic Initiatives 5.15 Pioneer Corporation 5.15.1 Company Overview 5.15.2 Financial Performance 5.15.3 Product Benchmarking 5.15.4 Strategic Initiatives 5.16 Sanyo Electric Co. 5.16.1 Company Overview 5.16.2 Financial Performance 5.16.3 Product Benchmarking 5.16.4 Strategic Initiatives 5.17 Sharp Corporation 5.17.1 Company Overview 5.17.2 Financial Performance 5.17.3 Product Benchmarking 5.17.4 Strategic Initiatives 5.18 Sony Corporation 5.18.1 Company Overview 5.18.2 Financial Performance 5.18.3 Product Benchmarking 5.18.4 Strategic Initiatives 5.19 Vistron Audio Equipment 5.19.1 Company Overview 5.19.2 Financial Performance 5.19.3 Product Benchmarking 5.19.4 Strategic Initiatives Chapter 6. Methodology and Scope 6.1. Research Methodology 6.2. Research Scope & Assumption 6.3. List of Data Sources List of Tables
1. Home Audio Equipment - Industry Summary & Critical Success Factors (CSFs) 2. Global home audio equipment market, 2012 - 2020 (USD Billion) 3. Global home audio equipment market by region, 2012 - 2020 (USD Billion) 4. Global home audio equipment market by product, 2012 - 2020 (USD Billion) 5. Global home theater in-a-box demand, 2012 - 2020 (USD Billion) 6. Global home theater in-a-box demand, by region, 2012 - 2020 (USD Billion) 7. Global home audio systems demand, 2012 - 2020 (USD Billion) 8. Global home audio systems demand, by region, 2012 - 2020 (USD Billion) 9. Global home radios demand, 2012 - 2020 (USD Billion) 10. Global home radios demand, by region, 2012 - 2020 (USD Billion) 11. Global other home accessories demand, 2012 - 2020 (USD Billion) 12. Global other home accessories demand, by region , 2012 - 2020 (USD Billion) 13. North America home audio equipment market by product, 2012 - 2020 (USD Billion) 14. Europe home audio equipment market by product, 2012 - 2020 (USD Billion) 15. Asia Pacific home audio equipment market by product, 2012 - 2020 (USD Billion) 16. RoW home audio equipment market by product, 2012 - 2020 (USD Billion) List of Figures 1. Home Audio Equipment Market Segmentation 2. Global home audio equipment market, 2012 - 2020 (USD Billion) 3. Home audio equipment value chain analysis 4. Home audio equipment market dynamics 5. Key Opportunities Prioritized 6. Industry Analysis - Porter's 7. Home audio equipment - Company market share analysis, 2013 8. Home Audio Equipment PESTEL Analysis, 2013 9. Home audio equipment market share by product, 2013 & 2020 10. Global home theater in-a-box demand, 2012 - 2020 (USD Billion) 11. Global home audio systems demand, 2012 - 2020 (USD Billion) 12. Global other home accessories demand, 2012 - 2020 (USD Billion) 13. Home Audio Equipment market share by region, 2013 & 2020 14. North America home audio equipment market by product, 2012 - 2020 (USD Billion) 15. Europe home audio equipment market by product, 2012 - 2020 (USD Billion) 16. Asia Pacific home audio equipment market by product, 2012 - 2020 (USD Billion) 17. RoW home audio equipment market by product, 2012 - 2020 (USD Billion)
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