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Global Market Study on Home Theater Audio Systems: Bluetooth Segment by Technology Projected to Increase 1.48X in Terms of Value During 2017 - 2025

Report Description

Report Description

In our new publication titled, “Home Theater Audio Systems Market: Global Industry Trend Analysis 2012 – 2016 and Forecast 2017 – 2025,” we have tried to give a crystal clear picture of the global home theater audio systems market to our clients. Our expert team of analysts have examined this market in detail and have offered exclusive recommendations to the key players operating in the global home theater audio systems market. Based on our recommendations, home theater audio systems manufacturers can focus on expanding their business across several countries where there is rapid urbanization and population growth. Change in the lifestyle of consumers can create opportunities in the global home theater audio systems market. It is to be noted that there are huge market opportunities for the providers of electronic devices in untapped rural markets. The main factor supporting these opportunities is that Asia and Africa have a large portion of rural population and the rural markets in these regions have huge potential, which is establishing the bottom of the pyramid for two major economies of the world. According to our expert team of analysts, in order to target these markets, consumer electronics manufacturers can lower the prices of products such as smartphones, feature phones and TVs, thereby expanding their customer base.

Another factor that we have noted while studying this market is that wireless technology constitutes Wi-Fi, Bluetooth and NFC. The market is steadily growing towards wireless interconnectivity. Consumers prefer wireless technology over wired technology that allows flexibility in placement. Long-term contracts with business partners help increase business revenue and new innovation strategies enabling quality and after sales service in new potential markets. Establishment of strong sales channels and in-house manufacturing of the devices is likely to remain as the key strategy of manufacturers to facilitate their sales growth.

We have thoroughly analyzed the various market opportunities for home theater audio systems manufacturers 

Multi-room streaming is one of the key opportunities for home theater audio systems manufactures. Multi-room audio systems allow customers to play different songs through different applications installed on smartphones without disturbing the sound quality. Multi-room audio systems allow users to connect with audio systems either using Wi-Fi Airplay or using Bluetooth. This technology provides a huge opportunity for manufacturers to improve in the near future. Another technology such as integrating home audio devices with wearable devices enable manufacturers to develop smart and networked speakers. Software configuration on wearable devices allows OEMs to create truly optimized smart speakers across various product tiers and categories. The integrated platform brings together a unique combination of processing capabilities, connectivity options, voice user interfaces, and premium audio technologies to help meet increasing consumer demand for comprehensively featured, highly intuitive smart speakers.

The market is segmented as follows:

By Channel Type

  • 1 Channel
  • 1 Channel
  • 1 Channel
  • 1 and Above

By Technology

  • NFC
  • Bluetooth
  • Wi-Fi

By Sales Channel

  • Organized Retail Stores
  • Unorganized Retail Stores
  • Online/e-Commerce

By End User

  • Premium (more than US$ 10,000)
  • Mid-range (US$ 1000 – US$ 10,000)
  • Low range (less than US$ 1000)

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Structure and Research Methodology

Macro-economic indicators such as GDP, wholesale & retail trade, merchandise trade, and prices have been considered to arrive at the indicated market numbers. Top-down approach has been used to assess market numbers for each category, while bottom-up approach has been used to counter-validate the market numbers. Economic fluctuations have been considered while forecasting market numbers. To understand this market well, our analysts have conducted interviews with industry experts, industry players, distributors, and retailers for data collection and verification. In-depth secondary research is used to determine top industry players, products, applications, overall market size, industry connotations, distributors and software developers.

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