[March 01, 2017] |
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Global $8.48 Billion Loudspeaker Market (Satellite/subwoofer, Soundbar, Subwoofer, In-wall, Outdoor, Multimedia) Analysis 2014-2017 & 2025 - Research and Markets
Research and Markets has announced the addition of the "Loudspeaker
Market Analysis By Type (Satellite/subwoofer, Soundbar, Subwoofer,
In-wall, Outdoor, Multimedia), By Region (North America, Europe, Asia
Pacific, Latin America, MEA), And Segment Forecasts. 2014 - 2025"
report to their offering.
The global loudspeaker market is estimated to reach USD 8.48 billion by
2025. Increasing middle class population and rising disposable income is
expected to propel industry growth. Rising in-home entertainment,
decreasing sound quality of the television owing to reduction in size
and growing entertainment spending is anticipated to boost industry over
the forecast period.
Technological advancements in design, sound quality, size and power, and
new product introduction are anticipated to drive demand over the next
seven years. The increasing popularity of wireless streaming of audio
content among consumer is also expected to boost demand over the
forecast period.
Further key findings from the study suggest:
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Type of loudspeakers available in market includes satellite/subwoofer,
soundbar, in-wall speaker, multimedia speaker, outdoor speaker, and
subwoofers. The soundbar segment is anticipated to grow at a CAGR over
8% from 2016 to 2025. Growing number of the smart home is anticipated
to offer growth opportunities for soundbar market over the next seven
years.
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Consumers use computers and laptops for watching movies and playing
gaming and it has become an acepted pastime for people. The consumers
are anticipated to upgrade their systems for better sound quality or
sound experience. With an increase in availability of downloadable
music or growing penetration of online buffering sites such as YouTube (News - Alert)
and Dailymotion, consumers are expected to upgrade their multimedia
speakers.
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Key industry players include Bose Corporation,Harman International
Industries Inc., B&W Group Ltd.,Audiovox Corporation, Boston Acoustics
Inc., Creative Labs Inc, and Directed Electronics Inc. Other vendors
include Altec Lansing, , KLH Audio Systems, Klipsch Group Inc., Yamaha (News - Alert)
Corporation of America, Cambridge Sound Works Inc.,Sonance,
SpeakerCraft Inc., and Velodyne Acoustics Inc.
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In February 2015, Bose announced the introduction of SoundLink
Bluetooth Speaker III, integrating Bose proprietary technologies to
reproduce music with depth and clarity. In May 2014, Dynaudio
announced the release of its latest generation of wireless high-end
loudspeaker series at Europe's largest HiFi exhibition. In January
2016, Harman International announced the release of next generation of
Infinity Kappa series subwoofers to deliver high performance and low
distortion.
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In January 2016, Klipsch announced the launch of its Reference
Premiere HD Wireless Speaker. In September 2012, Polk Audio announced
a collaboration with Microsoft's (News - Alert) Interactive Entertainment Business to
position Polk as a strategic premium audio solution partner for Xbox
360
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In August 2015, the LG launched curved soundbar, Music Flow HS8; this
loudspeaker is currently only available in Europe, but is anticipated
to be released in the U.S. in the coming years. As television
manufacturers such as Sony and Samsung (News - Alert) begin to innovate and develop
more curved TV, it is likely that these players will also launch
curved soundbars over the forecast period.
Companies Mentioned
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Altec Lansing LLC
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Bose Corporation
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Bowers & Wilkins
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Cambridge SoundWorks
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Definitive Technology
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Dynaudio
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Harman International
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KEF
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Klipsch Audio Technologies
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Logitech (News - Alert) International
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MartinLogan
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Niles Audio Corporation
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Paradigm
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Philips
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Pioneer Corporation
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Polk Audio
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Samsung Electronics Co.
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Sony Corporation
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Vandersteen Audio
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VOXX International Corporation
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Wilson Audio
For more information about this report visit http://www.researchandmarkets.com/research/d2fcvb/loudspeaker
View source version on businesswire.com: http://www.businesswire.com/news/home/20170301005835/en/
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