Escalating Consumer Electronics Industry in Budding Economies to Reshape Global Sound Bar Market

The global Soundbar market size accounted for USD 4459.5 Million in 2020 and is expected to reach USD 7871.5 Million by 2028, growing at a CAGR of around 7% between 2021 and 2028. 

Sound bar is specially designed to improve the sound quality of the speaker without using the load of wires. Soundbar is slim device with multiple built in speaker and drivers.  Many manufacturers are launching a hybrid sound bar with left, center, and right speakers along with subwoofer. It has compact structure and can be connected to the portable device like laptop, smartphones and other devices.

Different application segments of sound bar market include television sets, music players, computer systems and other applications. Music player is the major application segments that contributed significant share of the total market in 2015 and further anticipated to continue this trend in coming years.

Ground-breaking technological advancements and government policies uphold the expansion of the industry. Strong demand from emerging markets like China and Japan due to abundance of raw materials and cheap labor propels the growth of sound bar market.Limited range of the sound bar device is the major challenge for this market. Devices such as laptop, smart phones, music players and other device must be under range of 30-32 feet from sound bar in order to operate properly.

Increasing awareness among consumer for smart phones usage with bluetooth speaker and growing demand for attractive features such as different shapes, color and improved connectivity compels vendors for R&D innovations.  Rising events in different industries such as corporate, film industry, sports and others increase the demand of sound bar systems considerably. Advanced computer system are also responsible for the growth of the sound bar market.  Furthermore, homes in developed nations are getting revamped into smart homes with more inter connected technology. Therefore the market for smart homes is also boosting the demand of sound bar devices due to increased consumer spending capacity.

Sound bar market is segmented on the basis of type, application, technology and region. On the basis of type, sound bar marketis segmented into different versions such as version (2, 2.1, 5.1) and other versions. In 2015 the version (2.1) sound bar segment accounted for 30% share of the overall market. By application the market is segmented into music players, smart phones, computer system and others application segments. On the basis of technology the sound bar market is bifurcated into Bluetooth, WI-FI, airplay and others (WiSA, Play-Fi, KleerNet, SKAA, RF, and IR).

Browse the full "Soundbar Market By Type (2, 2.1, 5.1 And Other) For Music Players, TV Sets, Computer Systems And Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020 – 2028" report at https://www.zionmarketresearch.com/report/soundbar-market

Regional segments covered under this study include North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America accounted for the largest share of sound bar industry in 2015. 

The key players of the global sound bar market include 

• Apple
• Samsung
• Philips
• Panasonic
• Vizio
• VOXX International
• Yamaha
• Sony
• LG
• Sharp
• Bose
• Polk Audio
• Harman and JVC Kenwood

Sound bar Market:  Type Segment Analysis

• Version 2
• Version 2.1
• Version 5.1
• Other Version

Sound bar Market:  Application Segment Analysis

• Music Player
• TV Set
• Smart phones
• Computer Systems
• Others

Sound bar Market:  Technology Segment Analysis

• Bluetooth
• Wi-Fi
• AirPlay
• Others  (AllPlay, WiSA, Play-Fi, SKAA, RF, and IR)

Sound bar Market: Region Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East & Africa

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