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The Hi-Fi system market is expected to grow from USD 13.6 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 5.2%NEW YORK, April 14, 2020 /PRNewswire/ -- Innovations in wireless audio technology drives the Hi-Fi system market. The growing popularity of wireless connectivity technology and the increasing requirement for mobility are also driving the market for Hi-Fi systems in this region. The region is witnessing increased demand for consumer electronics, such as smartphones and tablets, thereby leading to the growth of the Hi-Fi system market in the region. Breakdown of primary participants: • By Company Type: Tier 1 = 25%, Tier 2 = 35%, and Tier 3 = 40% • By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40% • By Region: Europe = 43%, APAC = 29%, North America = 14%, and RoW = 14% Some of the major players operating in the Hi-Fi system market are as follows: 1. Samsung Electronics Co. (South Korea) 2. Sony Corporation (Japan) 3. Apple Inc. (US) 4. Bose Corporation (US) 5. Sennheiser Electronic GmbH & Co. KG (Germany) 6. LG Electronics (South Korea) 7. Panasonic Corporation (Japan) 8. DEI Holdings, Inc. (US) 9. Yamaha Corporation (Japan) 10. Koninklijke Philips N.V. (Netherlands) 11. Onkyo Corporation (Japan) 12. Sonos, Inc. (US) Research Coverage: In this report, the Hi-Fi system market has been segmented on the basis of system, connectivity technology, application, and geography.The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the Hi-Fi system ecosystem. Reasons to Buy the Report: • This report includes statistics for the Hi-Fi system market based on system, connectivity technology, application, and geography, along with their respective market sizes. • Value chain analysis and key industry trends have been provided for the market. • Major drivers, restraints, opportunities, and challenges for the Hi-Fi system market have been provided in detail in this report. • This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as product launches and developments, partnerships, and acquisitions. Read the full report: https://www.reportlinker.com/p03858921/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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