The Global Sound Bar Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Sound Bar Market studies the market scenario to offer growth projections for the Sound Bar industry for the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies.
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 report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.
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The Global Sound Bar Report is a panoramic study of the overall Sound Bar market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Sound Bar market. The report provides a detailed analysis of the key factors of the Sound Bar market that are expected to have a positive impact on the growth of the Sound Bar industry.
Radical Highlights of the Sound Bar Market Report:
- Comprehensive overview of the Sound Bar market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Sound Bar market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Sound Bar industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
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
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the Sound Bar market 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
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- U.S.
- Canada
- Europe
- U.K.
- Italy
- Germany
- France
- Rest of EU
- Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
- Rest of APAC
- Latin America
- Chile
- Brazil
- Argentina
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Key Questions Addressed in the Report:
- Who are the leading players in the Sound Bar industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of Sound Bar?
- Which segment is expected to garner traction during the coming years?
- What are the key strategies adopted by leading players in the market?
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