The Global Sound Bar Market research report added by Emergen Research is an extensive study of the industry and includes a study of several factors that impact the growth of the market. The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Sound Bar market. The market forecasts included in the report are performed by our team of experts and are of great significance as they provide deep insights into various crucial industry parameters. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period.
The global sound bar market size is expected to reach USD 9,625.1 Million in 2028, and register a revenue CAGR of 7.3% during the forecast period. Steady market revenue growth can be attributed to growing demand for Over-The-Top (OTT) on-demand media platforms. OTT media platforms, such as Amazon Prime, Hotstar/Disney+, Netflix, and Apple TV+ are offering a faster and efficient way for content creators to connect with a newer and larger audience base worldwide across mobile devices and living rooms. OTT apps and increasing penetration of mid-range to premium range mobile devices, computers, smart TVs, set-top-boxes, and home audio systems have brought about democratization of high, on-demand quality content. Although in-built speakers in TV sets and other devices have improved substantially over the last couple of years, they still lag behind and do not match the sound quality and experience delivered by sound bars. Also, there are few titles on several OTT platforms that have audio tracks with more number of channels/high dynamic range, and require a dedicated audio system, such as sound bars, to create a fully immersive experience of the dynamic range of those studio tracks. These factors are resulting in growing demand for sound bars across the globe.
The market research report contains significant details on the global Sound Bar market value based on market dynamics and various growth factors. It scrutinizes several key aspects of the market, including the latest technological innovations in the industry, ongoing trends, and developmental opportunities. One of the most vital components of the report is the SWOT analysis, coupled with a detailed overview of the market’s competitive landscape.
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How will this Report Benefit you?
An Emergen Research report of 250 pages contains 194 tables, 189 charts and graphics, and anyone who needs a comprehensive analysis of the global Sound Bar market, as well as commercial, in-depth analyses of the individual segments, will find the study useful. Our recent study allows you to assess the entire regional and global market for Sound Bar. In order to increase market share, obtain financial analysis of each segment and the whole market. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions.
Research Report on the Sound Bar Market Addresses the Following Key Questions:
- Who are the dominant players of the Sound Bar market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Sound Bar market?
- What are the key growth drivers and restraining factors of the Sound Bar market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Sound Bar market and its key segments?
The major companies studied in the report include:
Altec Lansing Inc., LG Electronics Inc., Sharp Corporation, B & W Group Ltd., Sony Corporation, Panasonic Corporation, JBL, Samsung Electronics Company Ltd., Bose Corporation, Koninklijke Philips NV
The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
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Market Segmentations of the Sound Bar Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the forecast period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Sound Bar market on the basis of product, application, and region:
Segments Covered in this report are:
-
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Active Sound Bar
- Passive Sound Bar
-
Connectivity Outlook (Revenue, USD Million; 2018–2028)
- Wired
- HDMI Cable
- Optical cable
- Coaxial Cable
- Others
- Wireless
- Bluetooth
- Wi-Fi
- Wired
-
Installation Type Outlook (Revenue, USD Million; 2018–2028)
- Table-top
- Wall-mounted
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