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HI-FI System Market 2016 - Global Forecast to 2022 - The Increasing Options of Connectivity Technologies are Changing the Trend in the $16 Billion Hi-Fi System Market for the $16 Billion Market - Research and MarketsDUBLIN, May 27, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "HI-FI System Market by Product, Device, Connectivity Technology, Applications and Geography - Global Forecast to 2022" report to their offering. According to the MarketsandMarkets forecast, the Hi-Fi system market size, in terms of value, is expected to grow from USD 10.62 Billion in 2015 to USD 16.49 Billion by 2022, at a CAGR of 6.4% between 2016 and 2022 In the past few years, wireless devices have made its way acrcoss various audio products such as speakers & sound bars, headphones, network media players, and others. Traditionally, this wireless benefit came with the cost of audio quality, radio interference, and complexity in the setup. In the past, the wired audio technology has been the dominant method used by consumers for many years; however, now the wireless technology ensures to provide users with uncompromised, problem-free utilization of wireless Hi-Fi audio devices such as speakers & sound bars, headphones, and microphones. The growing demand for wireless audio devices is expected to contribute toward the growth of Hi-Fi system market. The market for the automotive application is also expected to gain momentum during the forecast period and is expected to grow at the highest rate during the forecast period. The wireless speakers and sound bars with tethering capabilities are becoming the new trend in automobiles. With the emerging trends, the automotive manufacturers provide wireless Hi-Fi speaker systems to cars. These speakers are deployed either with the Bluetooth or IR technology to help consumers enjoy a high-quality audio and give them the liberty to stream from smartphones and tablets. All luxury automotive comes with a fully integrated wireless Hi-Fi system and in-car infotainment system, whereas the ordinary manufacturers provide this facility in their top-end models. The overall growth in the car segment, including the sheer demand for luxury automotive in the developing economies (car and bus) is likely to further push the demand for Hi-Fi audio devices. The major vendors in the Hi-Fi system market include Onkyo Corporation (Japan), Bowers & Wilkins (U.K.), Bose Corporation (U.S.), Panasonic Corporation (Japan), Yamaha Corporation (Japan), DEI Holdings Inc. (U.S.), and Harman International, Inc. (U.S.) among others. These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansion to cater to the needs of the Hi-Fi system market.
For more information visit http://www.researchandmarkets.com/research/flnzn7/hifi_system Media Contact: Research and Markets 
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