Market Overview:
The global Hi-Fi music player market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-quality audio content and rising disposable income of consumers. In terms of type, the wired player segment is expected to hold a larger share of the market during the forecast period, owing to its low cost and easy installation as compared to wireless players. However, with advancements in technology and growing demand for mobility, the wireless player segment is projected to grow at a higher CAGR than that of wired players during the forecast period. By application, entertainment is expected to be one of the key segments driving growth in this market due To increasing adoption rate Of hi-fi music players by consumers for home entertainment purposes.
Product Definition:
Hi-Fi Music Player is a music player that reproduces high-fidelity sound. It is used to improve the quality of sound and make it more accurate.
Wired Player:
Wired player is a device that uses an audio cable to connect to the stereo system. The most common type of wired player used in home applications is the cassette deck. Cassette decks are mostly found in car entertainment systems and portable devices such as MP3 players, laptops, and tablets.
Wireless Player:
The wireless player is a device that allows the transmission of audio signals from a CD, MP3 or WMA player to an external set of speakers or headphones. It does not require any cables for signal transmission and can be used with any portable audio equipment such as MP3 players, laptops and tablets. The wireless music system has been gaining popularity among consumers due to its convenience and flexibility in usage.
Application Insights:
The entertainment segment dominated the global hi-fi music player market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to rising disposable income, which has resulted in a growing demand for high-end audio systems in homes and automobiles. Furthermore, increasing number of live concerts and events are driving the demand for wireless music players as they provide enhanced sound quality compared to wired players.
Commercial application is expected to witness significant growth over the forecast period owing to rising adoption of these devices by radio stations, clubs & bars, hotels & restaurants among others. These devices help create an immersive experience at commercial places such as pubs & bars or discos with high sound quality along with access control features that prevent unauthorized listening or recording on these devices.
Regional Analysis:
North America dominated the global market in 2017 owing to the high demand for advanced audio systems and growing popularity of music-on-demand services. The region is expected to witness a significant growth rate over the forecast period, with U.S. being one of the major revenue contributors on account of rising product penetration and increasing adoption by consumers at large as an alternative to CD players or other such devices that play audio CDs.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years due to changing consumer preferences towards hi-fi music players coupled with increasing disposable income levels in developing economies including China, India, Thailand, Malaysia and Indonesia among others). Furthermore, rising number of branded retail outlets along with expanding distribution network operated by various manufacturers will also have a positive impact on industry growth over next few years.
Growth Factors:
- Increasing demand for high-quality music: With the increasing penetration of smartphones and other portable devices, there is a growing demand for high-quality music. This is providing a growth impetus to the Hi-Fi music player market.
- Rising trend of audiophiles: There is a rising trend of audiophiles who are looking for better sound quality than what traditional MP3 players can offer. This is providing opportunities for vendors in the Hi-Fi music player market to capitalize on this growing demand.
- Proliferation of digital audio formats: The proliferation of digital audio formats such as FLAC, ALAC, and WAV has led to an increase in the demand for Hi-Fi music players that can support these formats. This is another factor that is aiding the growth of this market segment.
- Growing popularity of streaming services: The growing popularity of streaming services such as Spotify and Apple Music has led to an increase in the consumption of digital content including songs and albums. This increased consumption is fueling demand for Hi-Fi music players as they offer better sound quality than traditional MP3 players do
Scope Of The Report
Report Attributes
Report Details
Report Title
Hi-Fi Music Player Market Research Report
By Type
Wired Player, Wireless Player
By Application
Entertainment, Commercial, Education
By Companies
ONN(United Kingdom), IQQ(Germany), AUNE(France), Mahdi(United Kingdom), QINGE(United Kingdom), SAFF(United Kingdom), JNN(France), Naxa Electronics(France), Nobsound(Germany), ONN(Germany), ONN(United Kingdom), ANSEWIRELESS(United States), Astell&Kern(Japan), ATWATEC(Japan), Audio-Technica(China), Axess(China), BENJIE(United States), Cambridge Audio(United States), CFZC(China), Docooler(Germany), EING(United Kingdom), ONDA(France), TAMO(South Korea), SHMCI(France), IAudio(United States), COWON(South Korea), Efanr(Austria), Enegg(United States), FecPecu(China), G.G.Martinsen(Germany)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Hi-Fi Music Player Market Report Segments:
The global Hi-Fi Music Player market is segmented on the basis of:
Types
Wired Player, Wireless Player
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Entertainment, Commercial, Education
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ONN(United Kingdom)
- IQQ(Germany)
- AUNE(France)
- Mahdi(United Kingdom)
- QINGE(United Kingdom)
- SAFF(United Kingdom)
- JNN(France)
- Naxa Electronics(France)
- Nobsound(Germany)
- ONN(Germany)
- ONN(United Kingdom)
- ANSEWIRELESS(United States)
- Astell&Kern(Japan)
- ATWATEC(Japan)
- Audio-Technica(China)
- Axess(China)
- BENJIE(United States)
- Cambridge Audio(United States)
- CFZC(China)
- Docooler(Germany)
- EING(United Kingdom)
- ONDA(France)
- TAMO(South Korea)
- SHMCI(France)
- IAudio(United States)
- COWON(South Korea)
- Efanr(Austria)
- Enegg(United States)
- FecPecu(China)
- G.G.Martinsen(Germany)
Highlights of The Hi-Fi Music Player Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wired Player
- Wireless Player
- By Application:
- Entertainment
- Commercial
- Education
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hi-Fi Music Player Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hi-Fi Music Player is a music player for Android that allows users to play high-quality audio files. It supports various formats, including MP3, WAV, and FLAC. Hi-Fi Music Player also includes features such as gapless playback and support for multiple audio tracks.
Some of the key players operating in the hi-fi music player market are ONN(United Kingdom), IQQ(Germany), AUNE(France), Mahdi(United Kingdom), QINGE(United Kingdom), SAFF(United Kingdom), JNN(France), Naxa Electronics(France), Nobsound(Germany), ONN(Germany), ONN(United Kingdom), ANSEWIRELESS(United States), Astell&Kern(Japan), ATWATEC(Japan), Audio-Technica(China), Axess(China), BENJIE(United States), Cambridge Audio(United States), CFZC(China), Docooler(Germany), EING(United Kingdom), ONDA(France), TAMO(South Korea), SHMCI(France), IAudio(United States), COWON(South Korea), Efanr(Austria), Enegg(United States), FecPecu(China), G.G.Martinsen(Germany).
The hi-fi music player market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hi-Fi Music Player Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hi-Fi Music Player Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hi-Fi Music Player Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hi-Fi Music Player Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hi-Fi Music Player Market Size & Forecast, 2018-2028
4.5.1 Hi-Fi Music Player Market Size and Y-o-Y Growth
4.5.2 Hi-Fi Music Player Market Absolute $ Opportunity
Chapter 5 Global Hi-Fi Music Player Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hi-Fi Music Player Market Size Forecast by Type
5.2.1 Wired Player
5.2.2 Wireless Player
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hi-Fi Music Player Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hi-Fi Music Player Market Size Forecast by Applications
6.2.1 Entertainment
6.2.2 Commercial
6.2.3 Education
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hi-Fi Music Player Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hi-Fi Music Player Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hi-Fi Music Player Analysis and Forecast
9.1 Introduction
9.2 North America Hi-Fi Music Player Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hi-Fi Music Player Market Size Forecast by Type
9.6.1 Wired Player
9.6.2 Wireless Player
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hi-Fi Music Player Market Size Forecast by Applications
9.10.1 Entertainment
9.10.2 Commercial
9.10.3 Education
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hi-Fi Music Player Analysis and Forecast
10.1 Introduction
10.2 Europe Hi-Fi Music Player Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hi-Fi Music Player Market Size Forecast by Type
10.6.1 Wired Player
10.6.2 Wireless Player
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hi-Fi Music Player Market Size Forecast by Applications
10.10.1 Entertainment
10.10.2 Commercial
10.10.3 Education
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hi-Fi Music Player Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hi-Fi Music Player Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hi-Fi Music Player Market Size Forecast by Type
11.6.1 Wired Player
11.6.2 Wireless Player
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hi-Fi Music Player Market Size Forecast by Applications
11.10.1 Entertainment
11.10.2 Commercial
11.10.3 Education
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hi-Fi Music Player Analysis and Forecast
12.1 Introduction
12.2 Latin America Hi-Fi Music Player Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hi-Fi Music Player Market Size Forecast by Type
12.6.1 Wired Player
12.6.2 Wireless Player
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hi-Fi Music Player Market Size Forecast by Applications
12.10.1 Entertainment
12.10.2 Commercial
12.10.3 Education
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hi-Fi Music Player Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hi-Fi Music Player Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hi-Fi Music Player Market Size Forecast by Type
13.6.1 Wired Player
13.6.2 Wireless Player
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hi-Fi Music Player Market Size Forecast by Applications
13.10.1 Entertainment
13.10.2 Commercial
13.10.3 Education
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hi-Fi Music Player Market: Competitive Dashboard
14.2 Global Hi-Fi Music Player Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ONN(United Kingdom)
14.3.2 IQQ(Germany)
14.3.3 AUNE(France)
14.3.4 Mahdi(United Kingdom)
14.3.5 QINGE(United Kingdom)
14.3.6 SAFF(United Kingdom)
14.3.7 JNN(France)
14.3.8 Naxa Electronics(France)
14.3.9 Nobsound(Germany)
14.3.10 ONN(Germany)
14.3.11 ONN(United Kingdom)
14.3.12 ANSEWIRELESS(United States)
14.3.13 Astell&Kern(Japan)
14.3.14 ATWATEC(Japan)
14.3.15 Audio-Technica(China)
14.3.16 Axess(China)
14.3.17 BENJIE(United States)
14.3.18 Cambridge Audio(United States)
14.3.19 CFZC(China)
14.3.20 Docooler(Germany)
14.3.21 EING(United Kingdom)
14.3.22 ONDA(France)
14.3.23 TAMO(South Korea)
14.3.24 SHMCI(France)
14.3.25 IAudio(United States)
14.3.26 COWON(South Korea)
14.3.27 Efanr(Austria)
14.3.28 Enegg(United States)
14.3.29 FecPecu(China)
14.3.30 G.G.Martinsen(Germany)
