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Soundbar Market to Register 8% CAGR in Consumer Electronics Industry| TechnavioNEW YORK, Aug. 19, 2021 /PRNewswire/ -- Technavio has been monitoring the soundbar market, operating in the communication services industry. The latest report on the soundbar market, 2021-2025 estimates it to register an incremental growth of USD 2.07 billion, at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 2 Expect LLC, Altec Lansing Inc., B & W Group Ltd., Bose Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp., and Sony Corp. are among some of the major market participants. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing An increase in the number of smart homes, wireless streaming of audio content, and increasing innovations in technology are some of the factors that have been instrumental in driving the growth of the market. In addition, the increase in multi-room streaming, the advent of cloud services, increased use of e-commerce platforms, and product bundling are some other factors anticipated to influence the market's growth positively in the long run. However, the presence of counterfeit products and growing competition from Bluetooth speakers might hamper the market growth. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts Soundbar Market 2021-2025: Segmentation Soundbar Market is segmented as below: Based on geographic segmentation, over 36% of the market's originated from North America during the forecast period. In addition, music players segment led the largest market share in terms of application of the soundbar market. This report provides an accurate prediction of the contribution of all the segments to the growth of the soundbar market size.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soundbar market report covers the following areas:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Technavio's SUBSCRIPTION platform Soundbar Market 2021-2025: Key Highlights
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Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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. Contact
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