Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Soundbar Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 9.5% during the review period (2022 to 2027).
Soundbar Market Overview
A soundbar is a single cabinet loudspeaker that creates a stereo illusion. It is often referred to as a media bar or speaker bar. The primary characteristics of the device are stereo analogue inputs and outputs, an infrared remote control, a wireless connectivity option, and additional audio processing tools for speaker equalization. It can be broadly divided into three categories, including soundbars with subwoofers, soundbars that are all-in-one, and cinematic soundbars. By taking up little room and doing away with several speakers and external wiring, it provides tremendous audio quality and surround sound. A soundbar can also be connected to a variety of electronics, including a music player, laptop, PC, smartphone, and television. Due to this, the device is frequently used in the home, commercial, and entertainment sectors.
The global soundbar market is divided into segments based on type, installation style, connection, use, and geography. The market is segmented into Wall-Mounted, Tabletop, and others categories based on kind. The market is divided into Active Soundbar, Passive Soundbar, and Others based on installation method. The market is segmented into Wi-Fi, Bluetooth, and Others based on connection.
Who are the Major Players in Soundbar Market?
The global Soundbar includes Samsung, Vizio Inc., Sony, LG, Bose, Yamaha, Sonos, Sound United, VOXX, Sharp, Philips, Panasonic, JVC, ZVOX Audio, ILive, Martin Logan, Edifier
Recent Developments:
Roku to launch low-cost versions of its soundbar and subwoofer under Walmart’s onn brand
October 7, 2019- Roku will produce lower-cost versions of its new Smart Soundbar and Wireless Subwoofer for Walmart under the retailer’s own onn brand, the company announced this morning. While Roku offers distinct versions of some of its streaming media players exclusively for retailers like Walmart and Best Buy, the company had briefly mentioned a larger deal with Walmart in its second-quarter financial report.
In addition to the Roku TVs and players sold at Walmart, Roku had said it would offer “several new Roku devices including audio products,” under the Walmart onn brand.
The new onn Roku audio devices for Walmart are an expansion of the line introduced last month.
In September, Roku debuted two new devices, including the Smart Soundbar and Wireless Subwoofer, both at $180 each. The idea was to complement the existing Roku wireless speakers, in the case of the subwoofer, or offer an alternative for those who didn’t own a Roku TV or didn’t have enough space to set up the wireless speakers, in the case of the soundbar.
What are the major Applications, Types and Regions for Soundbar Market?
Soundbar Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
- Wall-mounted Type
- Mobile Type
By Application it is segmented into
Soundbar Market Regional Analysis
The soundbar market is anticipated to grow significantly in India because, according to IBEF, the country's media consumption increased at a CAGR of 9.5% from 2012 to 2019, which is nearly nine times faster than the US and two times faster than China, and is predicted to increase at a further 11.9% CAGR from 2020 to 2027. As a result, the industry is anticipated to expand substantially faster than the average rate for the world.
In addition, as the nation's number of wealthy people grew, so did the demand for luxury goods. The income of 51% of India's ultra-wealthy people increased in 2019, despite rising geopolitical tensions, slow growth projections, and uncertainty.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Soundbar Market report scope?
Reports Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 9.5% during the review period (2022 to 2027).
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By Type
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- Wall-mounted Type
- Mobile Type
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By Application
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By Companies
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Samsung, Vizio Inc., Sony, LG, Bose, Yamaha, Sonos, Sound United, VOXX, Sharp, Philips, Panasonic, JVC, ZVOX Audio, ILive, Martin Logan, Edifier
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Regions Covered
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•North America
•Europe
•Asia-Pacific
•Rest of the World
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Countries Covered
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•US
•Canada
•Germany
•France
•UK
•Italy
•Spain
•Rest of Europe
•China
•Japan
•India
•Australia
•South Korea
•Rest of Asia-Pacific
•Middle East & Africa
•Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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111
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Soundbar Report
- Evaluate Soundbar market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Soundbar market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Soundbar market.
All our reports are custom-made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Soundbar Market is studied from 2017 - 2027.
What is the growth rate of the Soundbar Market?
The Soundbar Market is growing at a CAGR of 9.5% over the next 5 years.
Who are the leading key players in Soundbar Market?
Samsung, Vizio Inc., Sony, LG, Bose, Yamaha, Sonos, Sound United, VOXX, Sharp, Philips, Panasonic, JVC, ZVOX Audio, ILive, Martin Logan, Edifier
What regions does this Soundbar Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Soundbar Market?
Wall-mounted Type, Mobile Type
What are the significant Applications of the Soundbar Market?
Home Audio, Commercial
