The global soundbar market to grow at a CAGR of 16.18% during the period 2017-2021.
Global Soundbar Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of soundbars.
The latest trend gaining momentum in the market is increase in multi-room streaming. The introduction of networked audio systems means the reduction in expense, efforts, and time, as all audio devices are wirelessly connected with technologies such as AirPlay, Bluetooth, or Wi-Fi. These technologies separate a system's physical and logical connections, which means that a single network carries multiple channels, making it possible to make infrastructure changes relatively quickly and inexpensively. The growing trend of maintaining speakers in all rooms is supporting the growth of the speaker market.
According to the report, one of the major drivers for this market is increase in number of smart homes. Many homes in developed nations such as the US and the UK are being remodeled to smart homes. A smart home consists of media and entertainment gadgets, consumer electronic devices, and other smart electronics that can interact with each other through a home network. The demand for smart homes is driven by the go green policy, energy saving requirements, need for convenience, and connectivity between different devices.
- LG Electronics
- Samsung Electronics
Other prominent vendors
- Atlantic Technology
- Bowers & Wilkins
- Cambridge Audio
- Definitive Technology
- Denon Electronics
- Edifier International
- Harman International Industries
- Koninklijke Philips
- Polk Audio
- Qualcomm Technologies
For more information about this report visit http://www.researchandmarkets.com/research/dw8sc5/global_soundbar