Home Theatre Industry Analysis by Key Manufacturers, Regions to 2025
Market Scenario
The emerging trend in the global home Theatre Industry is due to many factors such as vendors’ collaboration for dynamic product generation, increase in adoption of cloud services and expansion of big players in emerging markets.
Sony Corporation has manufactured a dynamic range of home theatre systems that projects 1,950 power output and 5.2-inch surround sound. Panasonic Corporation, one of the prominent players of home theatre systems recently manufactured 7 products of home theatre systems each with distinct technology and sound systems. Akai electronics one of the prominent player in home Theatre Industry has manufactured wide range of home theatre systems that consist of 5.1 channel amplifier, realistic bass effect, USB connectivity and FM radio.
Home theatre is can be defined as theater that is reproduced at home.The home Theatre Industry is expected to grow at approximately USD 31 Billion by 2023, at 19% of CAGR between 2017 and 2023.
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Market Insights
Market Research Future (MRFR)’s latest study has revealed that the global home Theatre Industry is set to witness exponential proliferation at 19% CAGR during the forecast period 2017 to 2023. The market is poised to reach a valuation of USD 31 Bn by the end of 2023. The boom witnessed in the consumer electronics and entertainment industries has augured well for the home Theatre Industry players.
The rising disposable income and living standards of the population in developed & developing industries has fueled demand for home theatres over the last few years. The trend is poised to perpetuate over the assessment period. Additionally, the innovations in features offered by the established players are expected to drive the growth of the home Theatre Industry in the forthcoming years.
Key Player
Global home Theatre Industry is extensively dominated by prominent players such as LG Electronics (South Korea), Bose Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Panasonic Corporation (Japan), Akai Electronics (Japan), Sony Corporation (Japan), Bowers & Wilkins (U.K.), Koninklijke Philips N.V., (Netherlands), and Toshiba Corporation (Japan).
Regional Analysis
Europe is an important growth pocket and is projected to witness substantial growth in the foreseeable future. The increase in demand for home theatres is prognosticated to drive the proliferation of the regional market. Meanwhile, Asia Pacific is estimated to register the highest CAGR during the projection period.
North America market holds a significant share of Home Theatre Industry. The early adoption of technological progressions coupled with the prevalence of key players is estimated to drive the potential of the home Theatre Industry in the region. A surge in demand for consumer electronics is anticipated to accelerate the growth of the market
LIST OF TABLES
TABLE 1 HOME THEATRE MARKET, BY COMPONENT
TABLE 2 HOME THEATRE MARKET, BY TYPE
TABLE 3 HOME THEATRE MARKET, BY REGION
TABLE 4 NORTH AMERICA HOME THEATRE MARKET, BY COMPONENT
TABLE 5 NORTH AMERICA HOME THEATRE MARKET, BY TYPE
Continued…….
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 HOME THEATRE MARKET: BY COMPONENT (%)
FIGURE 3 HOME THEATRE MARKET: BY TYPE (%)
FIGURE 4 HOME THEATRE MARKET: BY REGION (%)
FIGURE 5 NORTH AMERICA HOME THEATRE MARKET, BY COMPONENT (%)
Continued…….
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