Market Overview:
The global hi-fi stereo systems 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 systems in residential, commercial, and automotive applications. Additionally, the growing trend of smart homes is also contributing to the growth of this market. On the basis of type, the global hi-fi stereo systems market can be segmented into wired and wireless hi-fi stereo systems. The wired segment is expected to account for a larger share of this market than the wireless segment during the forecast period. This can be attributed to factors such as ease of installation and lower cost as compared with wireless hi-fi stereo systems. On the basis of application,the global hi-fi stereo systemsmarket can be divided into residential, commercial, automotive, and other applications segments.
Product Definition:
Hi-Fi stereo systems are a type of audio system that produces high quality sound. They can be used to play music, listen to radio, or watch movies. They are important because they provide high quality sound that is clear and crisp. This makes them perfect for listening to music or watching movies.
Wired:
Wired is a technology used in the Hi-Fi stereo systems. It consists of an electrical cord and plug that connects the player to the amplifier or receiver. The plug can be connected to input or output jacks of amplifiers and receivers.
The plugs have different types such as RCA (red, white, and blue), mini jack, optical Toslink (yellow), coaxial cable, TOSLink (green) Ethernet port type A/B connectors etc.
Wireless:
The wireless component is used in a hi-fi stereo system to transmit audio signals from one point to another without using cables. The most common application of wireless systems is in home theatres, where the sound comes out of the speakers and goes into the room with no amplifier or speaker cable connected. Wireless systems are also used for commercial applications such as public address (PA) announcements made in shops, offices, and other public places.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017 and is projected to witness significant growth during the forecast period. The increasing use of hi-fi systems in restaurants, hotels, malls and other public places has led to a significant increase in demand for such systems. Furthermore, rising adoption of these devices by disc jockeys at clubs and bars has further propelled market growth.
The residential application segment is expected to register a CAGR of XX% from 2018 to 2030 owing to an increase in spending on home entertainment equipment including flat panel TVs, sound systems.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This region has a large number of music listeners, which has boosted demand for high-quality audio systems. Furthermore, increasing disposable income levels and growing population have resulted in an increased demand for these systems among consumers. Additionally, rising investments by manufacturers are anticipated to boost product penetration across this region over the next seven years.
North America accounted for more than 20% share of global revenue in 2017 owing to early adoption of advanced technologies such as Wi-Fi enabled stereo system with smart device control.
Growth Factors:
- Increasing disposable income of consumers: The growth in the Hi-Fi stereo systems market is mainly attributed to the increasing disposable income of consumers, which has led to an increase in their spending on luxury products such as hi-fi stereo systems.
- Technological advancements: The introduction of new and innovative technologies in hi-fi stereo systems has helped to boost their demand among consumers. This includes features such as wireless connectivity, Bluetooth support, and NFC connectivity that allow users to stream music from various devices without any cables or wires.
- Rising trend of home entertainment: With the growing trend of home entertainment, more and more people are investing in high-end audio equipment for their homes in order to enjoy a better audio experience while watching movies or listening to music.
- Growing popularity of portable audio players: The popularity of portable audio players such as iPods and iPhones has also helped fuel the growth of the Hi-Fi stereo systems market as these devices can be used with high quality headphones for an enhanced listening experience.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hi-Fi Stereo Systems Market Research Report
By Type
Wired, Wireless
By Application
Residential, Commercial, Automotive, Other
By Companies
Samsung, Sony, Apple, Yamaha, LG, Panasonic, Bose Corporation, Sennheiser, DEI Holdings, Philips, Onkyo, Tannoy(The TC Group A/S)
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Hi-Fi Stereo Systems Market Report Segments:
The global Hi-Fi Stereo Systems market is segmented on the basis of:
Types
Wired, Wireless
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
Residential, Commercial, Automotive, Other
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:
- Samsung
- Sony
- Apple
- Yamaha
- LG
- Panasonic
- Bose Corporation
- Sennheiser
- DEI Holdings
- Philips
- Onkyo
- Tannoy(The TC Group A/S)
Highlights of The Hi-Fi Stereo Systems 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
- Wireless
- By Application:
- Residential
- Commercial
- Automotive
- Other
- 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 Stereo Systems 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
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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 stereo systems are a type of audio system that uses two or more speakers to create an enhanced sound experience. They can be found in homes, offices, and other places where high-quality sound is desired. Hi-Fi stereo systems typically use more powerful speakers than standard audio systems, which allows for a richer and fuller sound.
Some of the major players in the hi-fi stereo systems market are Samsung, Sony, Apple, Yamaha, LG, Panasonic, Bose Corporation, Sennheiser, DEI Holdings, Philips, Onkyo, Tannoy(The TC Group A/S).
The hi-fi stereo systems 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 Stereo Systems 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 Stereo Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hi-Fi Stereo Systems 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 Stereo Systems 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 Stereo Systems Market Size & Forecast, 2018-2028
4.5.1 Hi-Fi Stereo Systems Market Size and Y-o-Y Growth
4.5.2 Hi-Fi Stereo Systems Market Absolute $ Opportunity
Chapter 5 Global Hi-Fi Stereo Systems 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 Stereo Systems Market Size Forecast by Type
5.2.1 Wired
5.2.2 Wireless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hi-Fi Stereo Systems 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 Stereo Systems Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Automotive
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hi-Fi Stereo Systems 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 Stereo Systems 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 Stereo Systems Analysis and Forecast
9.1 Introduction
9.2 North America Hi-Fi Stereo Systems 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 Stereo Systems Market Size Forecast by Type
9.6.1 Wired
9.6.2 Wireless
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 Stereo Systems Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Automotive
9.10.4 Other
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 Stereo Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Hi-Fi Stereo Systems 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 Stereo Systems Market Size Forecast by Type
10.6.1 Wired
10.6.2 Wireless
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 Stereo Systems Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Automotive
10.10.4 Other
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 Stereo Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hi-Fi Stereo Systems 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 Stereo Systems Market Size Forecast by Type
11.6.1 Wired
11.6.2 Wireless
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 Stereo Systems Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Automotive
11.10.4 Other
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 Stereo Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Hi-Fi Stereo Systems 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 Stereo Systems Market Size Forecast by Type
12.6.1 Wired
12.6.2 Wireless
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 Stereo Systems Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Automotive
12.10.4 Other
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 Stereo Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hi-Fi Stereo Systems 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 Stereo Systems Market Size Forecast by Type
13.6.1 Wired
13.6.2 Wireless
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 Stereo Systems Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Automotive
13.10.4 Other
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 Stereo Systems Market: Competitive Dashboard
14.2 Global Hi-Fi Stereo Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung
14.3.2 Sony
14.3.3 Apple
14.3.4 Yamaha
14.3.5 LG
14.3.6 Panasonic
14.3.7 Bose Corporation
14.3.8 Sennheiser
14.3.9 DEI Holdings
14.3.10 Philips
14.3.11 Onkyo
14.3.12 Tannoy(The TC Group A/S)
