Home audio, essentially, refers to any audio electronics intended for home use, such as shelf stereos and surround sound receivers, which are becoming the most popular piece of home audio equipment. Home audio generally does not include such standard equipment such as built-in television speakers, but rather accessory equipment, which may be intended to enhance or replace standard equipment, such as standard TV speakers.
Due to the COVID-19 pandemic, the global Home Audio System market size is estimated to be worth US$ 11250 million in 2021 and is forecast to a readjusted size of US$ 14300 million by 2028 with a CAGR of 3.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Home Audio System market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Home Audio System landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Asia-Pacific Home Audio size stood as the largest market and was valued at USD 3842.42 Million in 2017 and is anticipated to grow at a CAGR of 3.80% from 2017 to 2025. The region is likely to continue its dominance over the forecast period due to early adoption of home audio devices. In addition, presence of high number of technology consciousness people is also likely to surge the demand.
This report focuses on Home Audio System volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Home Audio System market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Home Audio System Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Home Theatre In-a-box (HTiB)
Home Audio Speakers and Systems
Others
Segment by Application
Use for TVs
Use for Computers
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
LG
Sony
Panasonic
Bose
Yamaha
Harman
Onkyo (Pioneer)
VIZIO
Samsung
D+M Group (Sound United)
VOXX International
Nortek
Creative Technologies
EDIFIER