Hi-Fi System Market - Forecasts from 2018 to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Hi-Fi System Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

Hi-Fi System market is estimated to grow at a CAGR of 5.37% over the forecast period to reach US$13.116 billion by 2023, from US$9.585 billion in 2017.

Hi-Fi systems provide better sound quality with accurate frequency response and low amount of noise and distortion. The advancement in technology ensures uncompromised, problem-free utilization of Hi-Fi audio devices such as soundbars, speakers, headphones, and microphones across various application segments.

Growing digitalization of systems is one of the major drivers of global Hi-Fi Systems market. Booming demand for portable smart devices such as smartphones, tablets, and laptops is strengthening the demand for wireless audio products. Emerging smart home industry and mushrooming demand for Hi-Fi systems in automotive will further bolster the global Hi-Fi System market growth during the forecast period.

Prominent key market players in Hi-Fi System market include Bose Corporation, Panasonic Corporation, Sony Corporation, Onkyo Corporation, LG Electronics, Bowers and Wilkins, Harman International, and others.

Segmentation:

By Product:

  • Speakers and Soundbars
  • Blu-Ray Player
  • Network Media Player
  • Headphones
  • Microphones
  • Others
  • By Connectivity
  • Wired
  • Wireless

By Application:

  • Residential
  • Commercial
  • Automotive

Companies Mentioned

  • Bose Corporation
  • Panasonic Corporation
  • Yamaha Corporation
  • Harman International
  • Sony Corporation
  • Koninklijke Phillips N.V.
  • Bowers and Wilkins
  • Onkyo Corporation
  • DEI Holdings, Inc.
  • Sonos, Inc.
  • OPPO Digital
  • LG Electronics
  • Samsung Electronics
  • Tannoy Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/7xzkkd/hifi_system?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Audio Equipment

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Audio Equipment